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SkyWest (SkyWest) Cyclically Adjusted PS Ratio : 1.07 (As of Apr. 27, 2024)


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What is SkyWest Cyclically Adjusted PS Ratio?

As of today (2024-04-27), SkyWest's current share price is $73.66. SkyWest's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $68.94. SkyWest's Cyclically Adjusted PS Ratio for today is 1.07.

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

SKYW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.52   Max: 1.06
Current: 1.06

During the past years, SkyWest's highest Cyclically Adjusted PS Ratio was 1.06. The lowest was 0.12. And the median was 0.52.

SKYW's Cyclically Adjusted PS Ratio is ranked worse than
56.55% of 725 companies
in the Transportation industry
Industry Median: 0.82 vs SKYW: 1.06

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.

SkyWest's adjusted revenue per share data for the three months ended in Dec. 2023 was $17.996. 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 $68.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SkyWest Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SkyWest'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.

SkyWest Cyclically Adjusted PS Ratio Chart

SkyWest 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 0.98 0.62 0.59 0.24 0.76

SkyWest 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 0.24 0.32 0.59 0.60 0.76

Competitive Comparison of SkyWest's Cyclically Adjusted PS Ratio

For the Airlines subindustry, SkyWest'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.


SkyWest's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SkyWest's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



SkyWest 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.

SkyWest's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=73.66/68.94
=1.07

* 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.

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

For example, SkyWest'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)
=17.996/129.4194*129.4194
=17.996

Current CPI (Dec. 2023) = 129.4194.

SkyWest Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 15.007 99.695 19.481
201406 15.954 100.560 20.533
201409 16.040 100.428 20.670
201412 15.965 99.070 20.856
201503 14.514 99.621 18.855
201506 15.170 100.684 19.500
201509 15.483 100.392 19.960
201512 14.573 99.792 18.900
201603 14.651 100.470 18.872
201606 15.353 101.688 19.540
201609 15.242 101.861 19.366
201612 13.535 101.863 17.197
201703 14.044 102.862 17.670
201706 14.941 103.349 18.710
201709 15.310 104.136 19.027
201712 14.514 104.011 18.060
201803 14.772 105.290 18.157
201806 15.223 106.317 18.531
201809 15.652 106.507 19.019
201812 15.288 105.998 18.666
201903 13.891 107.251 16.762
201906 14.460 108.070 17.317
201909 14.870 108.329 17.765
201912 14.639 108.420 17.474
202003 14.437 108.902 17.157
202006 6.981 108.767 8.307
202009 9.037 109.815 10.650
202012 11.750 109.897 13.837
202103 10.538 111.754 12.204
202106 12.952 114.631 14.623
202109 14.683 115.734 16.419
202112 15.288 117.630 16.820
202203 14.498 121.301 15.468
202206 15.803 125.017 16.360
202209 15.591 125.227 16.113
202212 13.445 125.222 13.896
202303 14.007 127.348 14.235
202306 16.410 128.729 16.498
202309 17.994 129.860 17.933
202312 17.996 129.419 17.996

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.


SkyWest  (NAS:SKYW) 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.


SkyWest Cyclically Adjusted PS Ratio Related Terms

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


SkyWest (SkyWest) Business Description

Industry
Traded in Other Exchanges
Address
444 South River Road, St. George, UT, USA, 84790
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through major airlines. It partners with major global carriers to fly and operate aircraft for a fee. SkyWest may use the major carriers' brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
Executives
James L Welch director 5550 SW MACADAM AVENUE, SUITE 200, PORTLAND OR 97239
Robert J Simmons officer: Chief Financial Officer C/O SKYWEST, INC., 444 SOUTH RIVER ROAD, SAINT GEORGE UT 84790
Jerry C Atkin director, officer: Chairman, President and CEO 684 S OAKRIDGE DRIVE, PINE VALLEY UT 84781
Wade J Steel officer: Executive Vice President 1847 VIEW POINT CIRCLE, SANTA CLARA UT 84765
Russell A Childs officer: Pres. & COO of SkyWest Airline 444 SOUTH RIVER ROAD, ST GEORGE UT 84790
Henry J Eyring director
Eric Woodward officer: Chief Accounting Officer 444 SOUTH RIVER ROAD, ST. GEORGE UT 84790
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708
Greg Wooley officer: Exec VP Operations C/O SKYWEST INC., 444 S. RIVER RD, ST. GEORGE UT 84790
W Steve Albrecht director 3901 NO FIRST ST, SAN JOSE CA 95134
Michael S Thompson officer: Chief Operating Officer, other: Skwest Airlines 2311 S COYOTE LOOP, WASHINGTON UT 84780
Terry Vais officer: Chief Commercial Officer 251 HIGHWOODS PKWY, NEWNAN GA 30265
Andrew C Roberts director C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Meredith R. Siegfried director C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Alexandria Panot Marren officer: COO of ExpressJet Airlines 444 S. RIVER ROAD, ST. GEORGE UT 84790

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