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Shutterstock (Shutterstock) Cyclically Adjusted PS Ratio : 2.11 (As of Apr. 28, 2024)


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What is Shutterstock Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Shutterstock's current share price is $42.36. Shutterstock's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $20.06. Shutterstock's Cyclically Adjusted PS Ratio for today is 2.11.

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

SSTK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.72   Med: 3.88   Max: 8.27
Current: 2.1

During the past years, Shutterstock's highest Cyclically Adjusted PS Ratio was 8.27. The lowest was 1.72. And the median was 3.88.

SSTK's Cyclically Adjusted PS Ratio is ranked worse than
60.96% of 292 companies
in the Interactive Media industry
Industry Median: 1.525 vs SSTK: 2.10

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.

Shutterstock's adjusted revenue per share data for the three months ended in Dec. 2023 was $6.049. 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 $20.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shutterstock Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shutterstock'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.

Shutterstock Cyclically Adjusted PS Ratio Chart

Shutterstock 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 - 5.45 7.16 2.94 2.41

Shutterstock 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 2.94 3.90 2.54 1.92 2.41

Competitive Comparison of Shutterstock's Cyclically Adjusted PS Ratio

For the Internet Content & Information subindustry, Shutterstock'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.


Shutterstock's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Shutterstock's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Shutterstock 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.36/20.06
=2.11

* 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.

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

For example, Shutterstock'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)
=6.049/129.4194*129.4194
=6.049

Current CPI (Dec. 2023) = 129.4194.

Shutterstock Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.031 99.695 2.637
201406 2.237 100.560 2.879
201409 2.330 100.428 3.003
201412 2.534 99.070 3.310
201503 2.694 99.621 3.500
201506 2.872 100.684 3.692
201509 2.957 100.392 3.812
201512 3.181 99.792 4.125
201603 3.231 100.470 4.162
201606 3.491 101.688 4.443
201609 3.435 101.861 4.364
201612 3.628 101.863 4.609
201703 3.658 102.862 4.602
201706 3.801 103.349 4.760
201709 4.010 104.136 4.984
201712 4.320 104.011 5.375
201803 4.333 105.290 5.326
201806 4.485 106.317 5.460
201809 4.261 106.507 5.178
201812 4.576 105.998 5.587
201903 4.602 107.251 5.553
201906 4.556 108.070 5.456
201909 4.476 108.329 5.347
201912 4.649 108.420 5.549
202003 4.495 108.902 5.342
202006 4.435 108.767 5.277
202009 4.528 109.815 5.336
202012 4.865 109.897 5.729
202103 4.920 111.754 5.698
202106 5.107 114.631 5.766
202109 5.197 115.734 5.812
202112 5.496 117.630 6.047
202203 5.352 121.301 5.710
202206 5.656 125.017 5.855
202209 5.627 125.227 5.815
202212 6.024 125.222 6.226
202303 5.886 127.348 5.982
202306 5.736 128.729 5.767
202309 6.465 129.860 6.443
202312 6.049 129.419 6.049

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.


Shutterstock  (NYSE:SSTK) 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.


Shutterstock Cyclically Adjusted PS Ratio Related Terms

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


Shutterstock (Shutterstock) Business Description

Traded in Other Exchanges
Address
350 Fifth Avenue, 20th Floor, New York, NY, USA, 10118
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, generates almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial. Shutterstock is the company's flagship brand, and the majority of the company's sales are derived from the company's shutterstock.com website. The firm's customers include traditional enterprises, marketing agencies, and media organizations. Geographically, North America and Europe jointly account for the majority of the company's revenue.
Executives
Jonathan Oringer director, 10 percent owner, officer: Chief Executive Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Steven Ciardiello officer: Chief Accounting Officer 269 HANCE ROAD, FAIR HAVEN NJ 07704
John Caine officer: Global Head of eCommerce 350 FIFTH AVE, 20TH FLOOR, NEW YORK NY 10118
Paul J. Hennessy director C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Deirdre Mary Bigley director 109 INWOOD AVENUE, MONTCLAIR NJ 07043
Jarrod Yahes officer: Chief Financial Officer 425 W. 53RD STREET, PH1, NEW YORK NY 10119
Peter Silvio officer: Chief Technology Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Stan Pavlovsky director, officer: Chief Executive Officer 3316 LINCOLN AVE NE, RENTON WA 98056
Thomas R Evans director 11760 US HIGHWAY ONE, SUITE 200, NORTH PALM BEACH FL 33408
Alfonse L Upshaw director 350 FIFTH AVENUE, 21ST FL, NEW YORK NY 10118
Abraham Moshe Muchnick officer: Chief Product Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Rachna Bhasin director 1855 GRIFFIN ROAD, B454, DANIA BEACH FL 33004
Martin Brodbeck officer: Chief Technology Officer 26 BLAIR ROAD, ARMONK NY 10504
Louis Weiss officer: Chief Marketing Officer C/O VITAMIN SHOPPE, 2101 91ST STREET, NORTH BERGEN NJ 07047
Jeffrey Kane Weiser officer: Chief Marketing Officer 314 S. GLENROY AVENUE, LOS ANGELES CA 90049