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Surgery Partners (Surgery Partners) Cyclically Adjusted PS Ratio : 0.74 (As of Apr. 27, 2024)


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What is Surgery Partners Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Surgery Partners's current share price is $24.55. Surgery Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $33.26. Surgery Partners's Cyclically Adjusted PS Ratio for today is 0.74.

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

SGRY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.94   Max: 1.03
Current: 0.75

During the past years, Surgery Partners's highest Cyclically Adjusted PS Ratio was 1.03. The lowest was 0.67. And the median was 0.94.

SGRY's Cyclically Adjusted PS Ratio is ranked better than
63.44% of 331 companies
in the Healthcare Providers & Services industry
Industry Median: 1.18 vs SGRY: 0.75

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.

Surgery Partners's adjusted revenue per share data for the three months ended in Dec. 2023 was $5.847. 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 $33.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Surgery Partners Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Surgery Partners'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.

Surgery Partners Cyclically Adjusted PS Ratio Chart

Surgery Partners 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 - - - - 0.96

Surgery Partners Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 0.87 0.96

Competitive Comparison of Surgery Partners's Cyclically Adjusted PS Ratio

For the Medical Care Facilities subindustry, Surgery Partners'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.


Surgery Partners's Cyclically Adjusted PS Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Surgery Partners's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Surgery Partners 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.

Surgery Partners's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.55/33.26
=0.74

* 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.

Surgery Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Surgery Partners's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.847/129.4194*129.4194
=5.847

Current CPI (Dec. 2023) = 129.4194.

Surgery Partners Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201409 1.584 100.428 2.041
201412 3.731 99.070 4.874
201503 4.654 99.621 6.046
201506 4.835 100.684 6.215
201509 4.975 100.392 6.414
201512 5.468 99.792 7.091
201603 5.562 100.470 7.165
201606 6.019 101.688 7.660
201609 5.887 101.861 7.480
201612 6.282 101.863 7.981
201703 5.960 102.862 7.499
201706 5.989 103.349 7.500
201709 0.000 104.136 0.000
201712 0.000 104.011 0.000
201803 8.568 105.290 10.532
201806 9.093 106.317 11.069
201809 9.001 106.507 10.937
201812 10.222 105.998 12.481
201903 8.675 107.251 10.468
201906 9.223 108.070 11.045
201909 9.356 108.329 11.177
201912 10.703 108.420 12.776
202003 9.098 108.902 10.812
202006 7.672 108.767 9.129
202009 10.149 109.815 11.961
202012 11.214 109.897 13.206
202103 9.355 111.754 10.834
202106 7.844 114.631 8.856
202109 6.927 115.734 7.746
202112 7.208 117.630 7.930
202203 6.604 121.301 7.046
202206 6.922 125.017 7.166
202209 6.980 125.227 7.214
202212 6.933 125.222 7.165
202303 5.321 127.348 5.408
202306 5.241 128.729 5.269
202309 5.361 129.860 5.343
202312 5.847 129.419 5.847

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.


Surgery Partners  (NAS:SGRY) 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.


Surgery Partners Cyclically Adjusted PS Ratio Related Terms

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


Surgery Partners (Surgery Partners) Business Description

Traded in Other Exchanges
N/A
Address
340 Seven Springs Way, Suite 600, Brentwood, TN, USA, 37027
Surgery Partners Inc is one of the few remaining independent ambulatory surgery center operators in the U.S. with national scale. The firm operates surgical facilities in approximately 30 states in partnership with physician groups and larger local healthcare systems. While surgical procedures drive a majority of the firm's revenue, the company also operates a clinical lab, urgent care facilities, and a handful of physician practices to provide additional healthcare services within the communities it serves. It operates in two segments: Surgical Facility Services and Ancillary Services out of which the Surgical Facility Services segment accounts for the majority of revenue.
Executives
Bain Capital Investors Llc director, 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Wayne S Deveydt director, officer: Chief Executive Officer 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
T. Devin O'reilly director, 10 percent owner C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02149
Blair E Hendrix director, 10 percent owner
Andrew T. Kaplan director C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116
Jason Eric Evans officer: EVP & Chief Operating Officer 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Harrison R. Bane officer: American Group President 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
David T Doherty officer: Chief Financial Officer 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027
Bradley R. Owens officer: National Group President 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Danielle Burkhalter officer: Chief Human Resources Officer 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Anthony Taparo officer: President, Atlantic Group 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Jennifer Baldock officer: Sr. VP, Gen Couns. & Sec. 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Marissa Brittenham officer: Chief Strategy Officer 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027
Bain Capital Fund Xi, L.p. director, 10 percent owner JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Partners Xi, L.p. director, 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116