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Accton Technology (TPE:2345) Cyclically Adjusted PS Ratio : 4.93 (As of May. 26, 2024)


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What is Accton Technology Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Accton Technology's current share price is NT$512.00. Accton Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$103.89. Accton Technology's Cyclically Adjusted PS Ratio for today is 4.93.

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

TPE:2345' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.82   Med: 3.43   Max: 5.62
Current: 4.93

During the past years, Accton Technology's highest Cyclically Adjusted PS Ratio was 5.62. The lowest was 1.82. And the median was 3.43.

TPE:2345's Cyclically Adjusted PS Ratio is ranked worse than
88.66% of 1922 companies
in the Hardware industry
Industry Median: 1.07 vs TPE:2345: 4.93

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.

Accton Technology's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$33.546. 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 NT$103.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Accton Technology Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Accton Technology'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.

Accton Technology Cyclically Adjusted PS Ratio Chart

Accton Technology 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 2.79 4.81 3.45 2.68 5.23

Accton Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.49 3.70 5.04 5.23 4.47

Competitive Comparison of Accton Technology's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Accton Technology'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.


Accton Technology's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Accton Technology's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Accton Technology 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.

Accton Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=512.00/103.89
=4.93

* 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.

Accton Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Accton Technology's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33.546/131.7762*131.7762
=33.546

Current CPI (Mar. 2024) = 131.7762.

Accton Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.219 100.560 14.702
201409 9.938 100.428 13.040
201412 11.530 99.070 15.336
201503 9.149 99.621 12.102
201506 11.154 100.684 14.598
201509 12.052 100.392 15.820
201512 13.337 99.792 17.612
201603 10.958 100.470 14.372
201606 13.645 101.688 17.682
201609 13.591 101.861 17.582
201612 14.942 101.863 19.330
201703 15.204 102.862 19.478
201706 15.687 103.349 20.002
201709 15.750 104.136 19.931
201712 18.031 104.011 22.844
201803 16.189 105.290 20.262
201806 17.290 106.317 21.430
201809 19.974 106.507 24.713
201812 22.978 105.998 28.566
201903 19.814 107.251 24.345
201906 24.411 108.070 29.766
201909 29.237 108.329 35.565
201912 24.768 108.420 30.104
202003 20.774 108.902 25.138
202006 22.516 108.767 27.279
202009 25.631 109.815 30.757
202012 28.080 109.897 33.670
202103 23.470 111.754 27.675
202106 25.032 114.631 28.776
202109 27.060 115.734 30.811
202112 30.368 117.630 34.020
202203 27.954 121.301 30.368
202206 33.282 125.017 35.081
202209 36.627 125.227 38.543
202212 38.898 125.222 40.934
202303 34.952 127.348 36.167
202306 35.850 128.729 36.699
202309 39.950 129.860 40.540
202312 38.979 129.419 39.689
202403 33.546 131.776 33.546

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.


Accton Technology  (TPE:2345) 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.


Accton Technology Cyclically Adjusted PS Ratio Related Terms

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


Accton Technology (TPE:2345) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Creation 3rd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 30077
Accton Technology Corp develops, manufactures and sells innovative high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company is Switch, Network Application, Metro Access Switch, Other and Wireless. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Taiwan, the rest of Asia, Europe, and other regions.

Accton Technology (TPE:2345) Headlines

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