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Titan International (Titan International) Cyclically Adjusted PS Ratio : 0.36 (As of Apr. 28, 2024)


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What is Titan International Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Titan International's current share price is $11.55. Titan International's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $32.20. Titan International's Cyclically Adjusted PS Ratio for today is 0.36.

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

TWI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.33   Max: 0.91
Current: 0.36

During the past years, Titan International's highest Cyclically Adjusted PS Ratio was 0.91. The lowest was 0.04. And the median was 0.33.

TWI's Cyclically Adjusted PS Ratio is ranked better than
81.29% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.98 vs TWI: 0.36

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.

Titan International's adjusted revenue per share data for the three months ended in Dec. 2023 was $6.290. 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 $32.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titan International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Titan International'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.

Titan International Cyclically Adjusted PS Ratio Chart

Titan International 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 0.12 0.16 0.34 0.46 0.46

Titan International 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 0.46 0.32 0.35 0.41 0.46

Competitive Comparison of Titan International's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Titan International'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.


Titan International's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Titan International 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.

Titan International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.55/32.2
=0.36

* 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.

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

For example, Titan International'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)
=6.29/129.4194*129.4194
=6.290

Current CPI (Dec. 2023) = 129.4194.

Titan International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.022 99.695 13.010
201406 9.792 100.560 12.602
201409 8.404 100.428 10.830
201412 7.159 99.070 9.352
201503 7.492 99.621 9.733
201506 6.322 100.684 8.126
201509 5.750 100.392 7.413
201512 5.729 99.792 7.430
201603 5.975 100.470 7.697
201606 6.128 101.688 7.799
201609 5.676 101.861 7.212
201612 5.693 101.863 7.233
201703 6.104 102.862 7.680
201706 6.116 103.349 7.659
201709 6.225 104.136 7.736
201712 6.307 104.011 7.848
201803 7.104 105.290 8.732
201806 7.163 106.317 8.720
201809 6.423 106.507 7.805
201812 6.061 105.998 7.400
201903 6.846 107.251 8.261
201906 6.510 108.070 7.796
201909 5.750 108.329 6.869
201912 5.006 108.420 5.976
202003 5.658 108.902 6.724
202006 4.722 108.767 5.619
202009 5.002 109.815 5.895
202012 5.326 109.897 6.272
202103 6.465 111.754 7.487
202106 7.107 114.631 8.024
202109 7.194 115.734 8.045
202112 7.720 117.630 8.494
202203 8.640 121.301 9.218
202206 9.062 125.017 9.381
202209 8.394 125.227 8.675
202212 7.965 125.222 8.232
202303 8.624 127.348 8.764
202306 7.609 128.729 7.650
202309 6.368 129.860 6.346
202312 6.290 129.419 6.290

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.


Titan International  (NYSE:TWI) 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.


Titan International Cyclically Adjusted PS Ratio Related Terms

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


Titan International (Titan International) Business Description

Traded in Other Exchanges
Address
1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
Executives
Max A Guinn director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich officer: Secretary&Asst General Counsel 2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli officer: VP, Chief Accounting Officer 2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr director, officer: President & CEO 2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz officer: Chief Financial Officer 1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson director 200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger director 5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc 10 percent owner 40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc 10 percent owner 1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin officer: Chief Financial Officer C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans officer: Interim CFO 2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland officer: Interim CFO 385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave director C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301