GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Beverage Co (NYSE:TAP.A) » Definitions » Cyclically Adjusted PS Ratio

Molson Coors Beverage Co (Molson Coors Beverage Co) Cyclically Adjusted PS Ratio : 1.23 (As of Apr. 27, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Molson Coors Beverage Co Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Molson Coors Beverage Co's current share price is $61.9358. Molson Coors Beverage Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $50.41. Molson Coors Beverage Co's Cyclically Adjusted PS Ratio for today is 1.23.

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

TAP.A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 1.84   Max: 4.69
Current: 1.32

During the past years, Molson Coors Beverage Co's highest Cyclically Adjusted PS Ratio was 4.69. The lowest was 1.00. And the median was 1.84.

TAP.A's Cyclically Adjusted PS Ratio is ranked better than
54.82% of 166 companies
in the Beverages - Alcoholic industry
Industry Median: 1.76 vs TAP.A: 1.32

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.

Molson Coors Beverage Co's adjusted revenue per share data for the three months ended in Dec. 2023 was $12.896. 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 $50.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Molson Coors Beverage Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Molson Coors Beverage Co'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.

Molson Coors Beverage Co Cyclically Adjusted PS Ratio Chart

Molson Coors Beverage Co 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 1.72 1.32 1.19 1.18 1.29

Molson Coors Beverage Co 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 1.18 1.15 1.43 1.35 1.29

Competitive Comparison of Molson Coors Beverage Co's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Molson Coors Beverage Co'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.


Molson Coors Beverage Co's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Cyclically Adjusted PS Ratio falls into.



Molson Coors Beverage Co 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.

Molson Coors Beverage Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=61.9358/50.41
=1.23

* 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.

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

For example, Molson Coors Beverage Co'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)
=12.896/129.4194*129.4194
=12.896

Current CPI (Dec. 2023) = 129.4194.

Molson Coors Beverage Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.399 99.695 5.711
201406 6.393 100.560 8.228
201409 6.310 100.428 8.132
201412 5.216 99.070 6.814
201503 3.745 99.621 4.865
201506 5.392 100.684 6.931
201509 5.470 100.392 7.052
201512 4.545 99.792 5.894
201603 3.204 100.470 4.127
201606 4.566 101.688 5.811
201609 4.381 101.861 5.566
201612 10.630 101.863 13.506
201703 11.310 102.862 14.230
201706 14.285 103.349 17.888
201709 13.317 104.136 16.550
201712 11.915 104.011 14.826
201803 10.764 105.290 13.231
201806 14.250 106.317 17.347
201809 13.547 106.507 16.461
201812 11.167 105.998 13.634
201903 10.619 107.251 12.814
201906 13.593 108.070 16.278
201909 13.119 108.329 15.673
201912 11.462 108.420 13.682
202003 9.704 108.902 11.532
202006 11.536 108.767 13.726
202009 12.689 109.815 14.954
202012 10.583 109.897 12.463
202103 8.732 111.754 10.112
202106 13.508 114.631 15.251
202109 12.972 115.734 14.506
202112 12.020 117.630 13.225
202203 10.168 121.301 10.849
202206 13.415 125.017 13.887
202209 13.489 125.227 13.941
202212 12.140 125.222 12.547
202303 10.798 127.348 10.974
202306 14.998 128.729 15.078
202309 15.158 129.860 15.107
202312 12.896 129.419 12.896

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.


Molson Coors Beverage Co  (NYSE:TAP.A) 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.


Molson Coors Beverage Co Cyclically Adjusted PS Ratio Related Terms

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


Molson Coors Beverage Co (Molson Coors Beverage Co) Business Description

Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.