GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sonic Automotive Inc (NYSE:SAH) » Definitions » Cyclically Adjusted PS Ratio

Sonic Automotive (Sonic Automotive) Cyclically Adjusted PS Ratio : 0.21 (As of Apr. 28, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Sonic Automotive Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Sonic Automotive's current share price is $62.30. Sonic Automotive's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $299.54. Sonic Automotive's Cyclically Adjusted PS Ratio for today is 0.21.

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

SAH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.15   Max: 0.26
Current: 0.21

During the past years, Sonic Automotive's highest Cyclically Adjusted PS Ratio was 0.26. The lowest was 0.06. And the median was 0.15.

SAH's Cyclically Adjusted PS Ratio is ranked better than
84.57% of 985 companies
in the Vehicles & Parts industry
Industry Median: 0.64 vs SAH: 0.21

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.

Sonic Automotive's adjusted revenue per share data for the three months ended in Mar. 2024 was $96.963. 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 $299.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonic Automotive Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sonic Automotive'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.

Sonic Automotive Cyclically Adjusted PS Ratio Chart

Sonic Automotive 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 0.16 0.19 0.21 0.18 0.19

Sonic Automotive 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 0.20 0.17 0.16 0.19 0.19

Competitive Comparison of Sonic Automotive's Cyclically Adjusted PS Ratio

For the Auto & Truck Dealerships subindustry, Sonic Automotive'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.


Sonic Automotive's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Sonic Automotive's Cyclically Adjusted PS Ratio falls into.



Sonic Automotive 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.

Sonic Automotive's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=62.30/299.54
=0.21

* 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.

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

For example, Sonic Automotive'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)
=96.963/129.4194*129.4194
=96.963

Current CPI (Mar. 2024) = 129.4194.

Sonic Automotive Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 44.460 100.560 57.220
201409 44.823 100.428 57.763
201412 45.378 99.070 59.279
201503 43.490 99.621 56.499
201506 47.438 100.684 60.977
201509 49.133 100.392 63.340
201512 49.143 99.792 63.733
201603 47.422 100.470 61.086
201606 51.875 101.688 66.022
201609 56.399 101.861 71.658
201612 56.317 101.863 71.552
201703 51.078 102.862 64.265
201706 53.688 103.349 67.231
201709 57.193 104.136 71.079
201712 61.083 104.011 76.005
201803 56.107 105.290 68.965
201806 58.382 106.317 71.068
201809 57.470 106.507 69.833
201812 59.995 105.998 73.252
201903 55.706 107.251 67.221
201906 60.469 108.070 72.415
201909 61.143 108.329 73.047
201912 61.800 108.420 73.770
202003 54.161 108.902 64.365
202006 48.466 108.767 57.668
202009 57.172 109.815 67.379
202012 66.837 109.897 78.710
202103 64.064 111.754 74.191
202106 77.240 114.631 87.204
202109 70.965 115.734 79.356
202112 74.058 117.630 81.481
202203 82.684 121.301 88.218
202206 86.573 125.017 89.622
202209 87.962 125.227 90.907
202212 96.263 125.222 99.490
202303 94.612 127.348 96.151
202306 101.469 128.729 102.013
202309 102.346 129.860 101.999
202312 102.423 129.419 102.423
202403 96.963 129.419 96.963

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.


Sonic Automotive  (NYSE:SAH) 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.


Sonic Automotive Cyclically Adjusted PS Ratio Related Terms

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


Sonic Automotive (Sonic Automotive) Business Description

Traded in Other Exchanges
Address
4401 Colwick Road, Charlotte, NC, USA, 28211
Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.
Executives
Heath Byrd officer: EVP and CFO 4401 COLWICK ROAD, CHARLOTTE NC 28211
Jeff Dyke officer: EVP of Operations C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
David Bruton Smith director, officer: Executive Vice President C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Paul P. Rusnak 10 percent owner 325 W. COLORADO BLVD.,, PO BOX 70489, PASADENA CA 91117-7489
Michael Edward Hodge director 4401 COLWICK ROAD, CHARLOTTE NC 28211
Keri A Kaiser director 14902 PRESTON ROAD, SUITE 404, #384, DALLAS TX 75254
Victor H Doolan director 35 VIA MONARCA, DANA POINT CA 92629
Marcus G Smith 10 percent owner 5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
Sonic Financial Corp 10 percent owner 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
O Bruton Smith director, 10 percent owner, officer: Chairman and CEO 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
R Eugene Taylor director BANK OF AMERICA CORP, 100 NORTH TRYON ST NC1-007-57-01, CHARLOTTE NC 28255
Bryan Scott Smith director, officer: Vice Chairman and CSO 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Harris John W. Iii director 4725 PIEDMONT ROW DRIVE, SUITE 800, CHARLOTTE NC 28210
Byrd Bernard Clinton Jr director 4401 COLWICK ROAD, CHARLOTTE NC 28211
William I Belk director 6100 FAIRVIEW RD #640, CHARLOTTE NC 28210