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Thomson Reuters (STU:TOC) Cyclically Adjusted PS Ratio : 10.49 (As of Apr. 27, 2024)


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What is Thomson Reuters Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Thomson Reuters's current share price is €144.00. Thomson Reuters's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €13.73. Thomson Reuters's Cyclically Adjusted PS Ratio for today is 10.49.

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

STU:TOC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.07   Med: 3.48   Max: 10.65
Current: 10.39

During the past years, Thomson Reuters's highest Cyclically Adjusted PS Ratio was 10.65. The lowest was 2.07. And the median was 3.48.

STU:TOC's Cyclically Adjusted PS Ratio is ranked worse than
96.76% of 678 companies
in the Business Services industry
Industry Median: 0.89 vs STU:TOC: 10.39

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.

Thomson Reuters's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.655. 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 €13.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thomson Reuters Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters Cyclically Adjusted PS Ratio Chart

Thomson Reuters 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 5.04 5.75 8.21 8.05 9.54

Thomson Reuters 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 8.05 9.06 8.82 8.16 9.54

Competitive Comparison of Thomson Reuters's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, Thomson Reuters'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.


Thomson Reuters's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Thomson Reuters 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.

Thomson Reuters's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=144.00/13.73
=10.49

* 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.

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

For example, Thomson Reuters'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)
=3.655/125.4675*125.4675
=3.655

Current CPI (Dec. 2023) = 125.4675.

Thomson Reuters Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.150 98.604 4.008
201406 3.266 99.473 4.119
201409 3.411 99.394 4.306
201412 3.711 98.367 4.733
201503 3.734 99.789 4.695
201506 3.616 100.500 4.514
201509 3.580 100.421 4.473
201512 3.932 99.947 4.936
201603 3.760 101.054 4.668
201606 3.738 102.002 4.598
201609 3.746 101.765 4.619
201612 4.220 101.449 5.219
201703 1.950 102.634 2.384
201706 1.802 103.029 2.194
201709 1.701 103.345 2.065
201712 1.914 103.345 2.324
201803 1.796 105.004 2.146
201806 1.806 105.557 2.147
201809 1.628 105.636 1.934
201812 2.537 105.399 3.020
201903 2.711 106.979 3.180
201906 2.597 107.690 3.026
201909 2.655 107.611 3.096
201912 2.952 107.769 3.437
202003 2.865 107.927 3.331
202006 2.601 108.401 3.010
202009 2.550 108.164 2.958
202012 2.764 108.559 3.194
202103 2.771 110.298 3.152
202106 2.653 111.720 2.979
202109 2.720 112.905 3.023
202112 3.216 113.774 3.547
202203 3.234 117.646 3.449
202206 3.251 120.806 3.376
202209 3.285 120.648 3.416
202212 3.465 120.964 3.594
202303 3.551 122.702 3.631
202306 3.232 124.203 3.265
202309 3.275 125.230 3.281
202312 3.655 125.468 3.655

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.


Thomson Reuters  (STU:TOC) 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.


Thomson Reuters Cyclically Adjusted PS Ratio Related Terms

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


Thomson Reuters (STU:TOC) Business Description

Address
333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2
Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.

Thomson Reuters (STU:TOC) Headlines

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