GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (WBO:GLJ) » Definitions » Cyclically Adjusted PS Ratio

Grenke AG (WBO:GLJ) Cyclically Adjusted PS Ratio : 0.73 (As of Apr. 28, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Grenke AG Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Grenke AG's current share price is €22.00. Grenke AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €29.96. Grenke AG's Cyclically Adjusted PS Ratio for today is 0.73.

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

WBO:GLJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.11   Max: 3.64
Current: 0.73

During the past years, Grenke AG's highest Cyclically Adjusted PS Ratio was 3.64. The lowest was 0.56. And the median was 1.11.

WBO:GLJ's Cyclically Adjusted PS Ratio is ranked better than
84.2% of 367 companies
in the Credit Services industry
Industry Median: 2.87 vs WBO:GLJ: 0.73

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.

Grenke AG's adjusted revenue per share data for the three months ended in Dec. 2023 was €4.564. 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 €29.96 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grenke AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Grenke AG'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.

Grenke AG Cyclically Adjusted PS Ratio Chart

Grenke AG 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 3.10 1.26 1.00 0.63 0.83

Grenke AG 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 0.63 0.79 0.82 0.63 0.83

Competitive Comparison of Grenke AG's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, Grenke AG'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.


Grenke AG's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Grenke AG 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.

Grenke AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.00/29.96
=0.73

* 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.

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

For example, Grenke AG'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)
=4.564/123.6675*123.6675
=4.564

Current CPI (Dec. 2023) = 123.6675.

Grenke AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.606 99.543 1.995
201406 1.677 99.543 2.083
201409 1.733 99.823 2.147
201412 28.339 99.543 35.207
201503 1.815 99.717 2.251
201506 1.909 100.417 2.351
201509 1.949 100.417 2.400
201512 33.586 99.717 41.653
201603 2.048 100.017 2.532
201606 2.144 100.717 2.633
201609 2.150 101.017 2.632
201612 38.289 101.217 46.782
201703 2.255 101.417 2.750
201706 2.391 102.117 2.896
201709 2.439 102.717 2.936
201712 46.940 102.617 56.569
201803 2.624 102.917 3.153
201806 2.757 104.017 3.278
201809 2.717 104.718 3.209
201812 4.508 104.217 5.349
201903 2.917 104.217 3.461
201906 3.078 105.718 3.601
201909 3.184 106.018 3.714
201912 4.301 105.818 5.027
202003 3.522 105.718 4.120
202006 3.356 106.618 3.893
202009 3.331 105.818 3.893
202012 3.997 105.518 4.685
202103 3.173 107.518 3.650
202106 3.175 108.486 3.619
202109 3.077 109.435 3.477
202112 3.663 110.384 4.104
202203 2.940 113.968 3.190
202206 3.044 115.760 3.252
202209 3.079 118.818 3.205
202212 4.142 119.345 4.292
202303 3.241 122.402 3.274
202306 3.422 123.140 3.437
202309 3.552 124.195 3.537
202312 4.564 123.668 4.564

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.


Grenke AG  (WBO:GLJ) 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.


Grenke AG Cyclically Adjusted PS Ratio Related Terms

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


Grenke AG (WBO:GLJ) Business Description

Traded in Other Exchanges
Address
Neuer Markt 2, Baden-Baden, DEU, 76532
Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.

Grenke AG (WBO:GLJ) Headlines

No Headlines