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Aperam (WBO:APAM) Cyclically Adjusted PS Ratio : 0.38 (As of Apr. 28, 2024)


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What is Aperam Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Aperam's current share price is €27.76. Aperam's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €72.61. Aperam's Cyclically Adjusted PS Ratio for today is 0.38.

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

WBO:APAM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.43   Max: 0.57
Current: 0.39

During the past years, Aperam's highest Cyclically Adjusted PS Ratio was 0.57. The lowest was 0.35. And the median was 0.43.

WBO:APAM's Cyclically Adjusted PS Ratio is ranked better than
57.53% of 518 companies
in the Steel industry
Industry Median: 0.47 vs WBO:APAM: 0.39

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.

Aperam's adjusted revenue per share data for the three months ended in Dec. 2023 was €21.312. 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 €72.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aperam Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aperam'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.

Aperam Cyclically Adjusted PS Ratio Chart

Aperam 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 - - - 0.44 0.45

Aperam 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 0.44 0.50 0.40 0.38 0.45

Competitive Comparison of Aperam's Cyclically Adjusted PS Ratio

For the Steel subindustry, Aperam'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.


Aperam's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aperam's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aperam 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.76/72.61
=0.38

* 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.

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

For example, Aperam'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)
=21.312/121.1700*121.1700
=21.312

Current CPI (Dec. 2023) = 121.1700.

Aperam Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201106 0.000 94.750 0.000
201112 0.000 95.710 0.000
201206 0.000 97.110 0.000
201212 0.000 97.930 0.000
201306 0.000 99.110 0.000
201312 0.000 99.440 0.000
201406 0.000 99.960 0.000
201412 0.000 98.830 0.000
201506 0.000 100.640 0.000
201512 0.000 99.910 0.000
201606 0.000 100.660 0.000
201612 0.000 101.040 0.000
201703 14.022 101.780 16.693
201706 11.332 102.170 13.439
201709 12.365 102.520 14.614
201712 12.530 102.410 14.825
201803 12.911 102.900 15.203
201806 13.172 103.650 15.398
201809 13.332 104.580 15.447
201812 13.405 104.320 15.570
201903 14.062 105.140 16.206
201906 13.290 105.550 15.257
201909 12.030 105.900 13.765
201912 12.490 106.080 14.267
202003 13.100 106.040 14.969
202006 10.179 106.340 11.599
202009 10.496 106.620 11.928
202012 11.421 106.670 12.973
202103 14.675 108.140 16.443
202106 15.863 108.680 17.686
202109 15.688 109.470 17.365
202112 17.851 111.090 19.471
202203 29.099 114.780 30.719
202206 32.309 116.750 33.532
202209 24.162 117.000 25.023
202212 22.289 117.060 23.072
202303 25.867 118.910 26.359
202306 23.341 120.460 23.479
202309 20.103 121.740 20.009
202312 21.312 121.170 21.312

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.


Aperam  (WBO:APAM) 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.


Aperam Cyclically Adjusted PS Ratio Related Terms

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


Aperam (WBO:APAM) Business Description

Industry
Address
24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company primarily operates through four segments. Its stainless and electrical steel segment produces a wide range of stainless and electrical steel products, and also owns a subsidiary that produces charcoal, which substitutes coke in production. Its service and solutions segment markets the company's products and provides customized steel transformation services. Its alloys and specialties segment produces nickel alloys and certain specific stainless steels. Recycling & Renewables segment includes all recycling and renewable energy activities. It generates majority of its revenue from Germany.