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Owens-Corning (Owens-Corning) Cyclically Adjusted PS Ratio : 2.12 (As of Apr. 27, 2024)


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What is Owens-Corning Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Owens-Corning's current share price is $168.50. Owens-Corning's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $79.62. Owens-Corning's Cyclically Adjusted PS Ratio for today is 2.12.

The historical rank and industry rank for Owens-Corning's Cyclically Adjusted PS Ratio or its related term are showing as below:

OC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.22   Max: 2.13
Current: 2.07

During the past years, Owens-Corning's highest Cyclically Adjusted PS Ratio was 2.13. The lowest was 0.51. And the median was 1.22.

OC's Cyclically Adjusted PS Ratio is ranked worse than
81.72% of 1242 companies
in the Construction industry
Industry Median: 0.63 vs OC: 2.07

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Owens-Corning's adjusted revenue per share data for the three months ended in Mar. 2024 was $26.166. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $79.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Owens-Corning Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Owens-Corning's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Owens-Corning Cyclically Adjusted PS Ratio Chart

Owens-Corning Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.36 1.45 1.20 1.89

Owens-Corning Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.30 1.73 1.76 1.89 2.09

Competitive Comparison of Owens-Corning's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, Owens-Corning's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Owens-Corning's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Owens-Corning's Cyclically Adjusted PS Ratio falls into.



Owens-Corning Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Owens-Corning's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=168.50/79.62
=2.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Owens-Corning's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Owens-Corning's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=26.166/129.4194*129.4194
=26.166

Current CPI (Mar. 2024) = 129.4194.

Owens-Corning Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.454 100.560 14.741
201409 11.702 100.428 15.080
201412 10.524 99.070 13.748
201503 10.152 99.621 13.189
201506 11.860 100.684 15.245
201509 12.232 100.392 15.769
201512 11.029 99.792 14.303
201603 10.567 100.470 13.612
201606 13.273 101.688 16.893
201609 13.154 101.861 16.713
201612 12.174 101.863 15.467
201703 13.022 102.862 16.384
201706 14.120 103.349 17.682
201709 15.111 104.136 18.780
201712 14.187 104.011 17.653
201803 14.991 105.290 18.427
201806 16.300 106.317 19.842
201809 16.393 106.507 19.920
201812 15.602 105.998 19.049
201903 15.141 107.251 18.271
201906 17.516 108.070 20.976
201909 17.118 108.329 20.451
201912 15.326 108.420 18.294
202003 14.715 108.902 17.487
202006 14.922 108.767 17.755
202009 17.388 109.815 20.492
202012 17.775 109.897 20.933
202103 18.066 111.754 20.922
202106 21.223 114.631 23.961
202109 21.299 115.734 23.818
202112 20.974 117.630 23.076
202203 23.413 121.301 24.980
202206 26.433 125.017 27.364
202209 26.045 125.227 26.917
202212 24.129 125.222 24.938
202303 25.365 127.348 25.778
202306 28.072 128.729 28.223
202309 27.272 129.860 27.180
202312 25.743 129.419 25.743
202403 26.166 129.419 26.166

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Owens-Corning  (NYSE:OC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Owens-Corning Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Owens-Corning's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Owens-Corning (Owens-Corning) Business Description

Industry
Traded in Other Exchanges
Address
One Owens Corning Parkway, Toledo, OH, USA, 43659
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.
Executives
Marcio A Sandri officer: President, Composites ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Mari Doerfler officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
W Howard Morris director 1538 STRATHCONA, DETROIT MI 48203
Monaco Nicolas Del officer: President, Insulation ONE OWENS CORNING PKWY, TOLEDO OH 43659
Todd W Fister officer: President, Insulation ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gunner Smith officer: President, Roofing ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paula Russell officer: SVP, Chief HR Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jose Mendez-andino officer: EVP, Chief R&D Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Kelly Schmidt officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Brian Chambers officer: President, Roofing and Asphalt ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Daniel T Smith officer: Sr. VP Organization & Admin OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gina A. Beredo officer: EVP, GC and Secretary C/O OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paul Edward Martin director C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Alfred E Festa director
Kenneth Scott Parks officer: Sr. VP&Chief Financial Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659