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Veolia Environnement (Veolia Environnement) Cyclically Adjusted PS Ratio : 0.53 (As of Apr. 27, 2024)


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What is Veolia Environnement Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Veolia Environnement's current share price is $30.67. Veolia Environnement's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $57.99. Veolia Environnement's Cyclically Adjusted PS Ratio for today is 0.53.

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

VEOEF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.37   Max: 0.73
Current: 0.55

During the past 13 years, Veolia Environnement's highest Cyclically Adjusted PS Ratio was 0.73. The lowest was 0.13. And the median was 0.37.

VEOEF's Cyclically Adjusted PS Ratio is ranked better than
70.59% of 136 companies
in the Waste Management industry
Industry Median: 1.255 vs VEOEF: 0.55

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.

Veolia Environnement's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $67.657. 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 $57.99 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veolia Environnement Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Veolia Environnement'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.

Veolia Environnement Cyclically Adjusted PS Ratio Chart

Veolia Environnement 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 0.49 0.43 0.71 0.49 0.55

Veolia Environnement Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.71 - 0.49 - 0.55

Competitive Comparison of Veolia Environnement's Cyclically Adjusted PS Ratio

For the Waste Management subindustry, Veolia Environnement'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.


Veolia Environnement's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Veolia Environnement's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Veolia Environnement 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.

Veolia Environnement's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.67/57.99
=0.53

* 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.

Veolia Environnement's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Veolia Environnement's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=67.657/118.2300*118.2300
=67.657

Current CPI (Dec23) = 118.2300.

Veolia Environnement Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 52.283 99.860 61.901
201512 47.804 100.040 56.496
201612 43.271 100.650 50.829
201712 49.284 101.850 57.210
201812 49.429 103.470 56.480
201912 50.350 104.980 56.705
202012 52.610 104.960 59.261
202112 52.124 107.850 57.141
202212 63.628 114.160 65.896
202312 67.657 118.230 67.657

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.


Veolia Environnement  (OTCPK:VEOEF) 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.


Veolia Environnement Cyclically Adjusted PS Ratio Related Terms

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Veolia Environnement (Veolia Environnement) Business Description

Address
30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with a significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and of its transport activity. The integration of most activities of the historical rival Suez in 2022 drove a turnover increase of nearly 40%.