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MorphoSys AG (WBO:MOR) Cyclically Adjusted PS Ratio : 12.99 (As of Apr. 28, 2024)


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What is MorphoSys AG Cyclically Adjusted PS Ratio?

As of today (2024-04-28), MorphoSys AG's current share price is €67.80. MorphoSys AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €5.22. MorphoSys AG's Cyclically Adjusted PS Ratio for today is 12.99.

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

WBO:MOR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.65   Med: 23.28   Max: 45.25
Current: 13.06

During the past years, MorphoSys AG's highest Cyclically Adjusted PS Ratio was 45.25. The lowest was 2.65. And the median was 23.28.

WBO:MOR's Cyclically Adjusted PS Ratio is ranked worse than
76.24% of 505 companies
in the Biotechnology industry
Industry Median: 5.24 vs WBO:MOR: 13.06

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.

MorphoSys AG's adjusted revenue per share data for the three months ended in Dec. 2023 was €1.697. 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 €5.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MorphoSys AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MorphoSys 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.

MorphoSys AG Cyclically Adjusted PS Ratio Chart

MorphoSys 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 42.15 26.23 8.63 2.79 6.54

MorphoSys 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 2.79 2.96 5.48 5.04 6.54

Competitive Comparison of MorphoSys AG's Cyclically Adjusted PS Ratio

For the Biotechnology subindustry, MorphoSys 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.


MorphoSys AG's Cyclically Adjusted PS Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, MorphoSys AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



MorphoSys 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=67.80/5.22
=12.99

* 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.

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

For example, MorphoSys 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)
=1.697/123.6675*123.6675
=1.697

Current CPI (Dec. 2023) = 123.6675.

MorphoSys AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.604 99.543 0.750
201406 0.561 99.543 0.697
201409 0.624 99.823 0.773
201412 0.651 99.543 0.809
201503 2.676 99.717 3.319
201506 0.464 100.417 0.571
201509 0.430 100.417 0.530
201512 0.471 99.717 0.584
201603 0.462 100.017 0.571
201606 0.464 100.717 0.570
201609 0.477 101.017 0.584
201612 0.453 101.217 0.553
201703 0.412 101.417 0.502
201706 0.406 102.117 0.492
201709 0.519 102.717 0.625
201712 0.969 102.617 1.168
201803 0.096 102.917 0.115
201806 0.261 104.017 0.310
201809 1.738 104.718 2.053
201812 0.332 104.217 0.394
201903 0.429 104.217 0.509
201906 1.098 105.718 1.284
201909 0.395 106.018 0.461
201912 0.349 105.818 0.408
202003 7.847 105.718 9.179
202006 0.562 106.618 0.652
202009 0.672 105.818 0.785
202012 1.020 105.518 1.195
202103 1.441 107.518 1.657
202106 1.081 108.486 1.232
202109 1.205 109.435 1.362
202112 1.546 110.384 1.732
202203 1.214 113.968 1.317
202206 1.741 115.760 1.860
202209 2.803 118.818 2.917
202212 2.390 119.345 2.477
202303 1.824 122.402 1.843
202306 1.556 123.140 1.563
202309 1.867 124.195 1.859
202312 1.697 123.668 1.697

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.


MorphoSys AG  (WBO:MOR) 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.


MorphoSys AG Cyclically Adjusted PS Ratio Related Terms

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


MorphoSys AG (WBO:MOR) Business Description

Industry
Address
Semmelweisstrasse 7, Planegg, BY, DEU, 82152
MorphoSys AG is a biopharmaceutical company dedicated to the discovery, development and commercialization of therapies for people living with cancer and autoimmune diseases. MorphoSys is advancing its own pipeline of new drug candidates and has created antibodies that are developed by partners in different areas of unmet medical need. Tremfya (guselkumab) - developed by Janssen Research & Development, LLC and marketed by Janssen Biotech, Inc. for the treatment of plaque psoriasis - became the first drug based on MorphoSys antibody technology to receive regulatory approval. The U.S. Food and Drug Administration granted accelerated approval of the company's proprietary product Monjuvi (tafasitamab-cxix) in combination with lenalidomide for patients with a certain type of lymphoma.

MorphoSys AG (WBO:MOR) Headlines

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