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Wistron (TPE:3231) Cyclically Adjusted PS Ratio : 0.33 (As of Jun. 02, 2024)


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What is Wistron Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Wistron's current share price is NT$112.00. Wistron's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$340.53. Wistron's Cyclically Adjusted PS Ratio for today is 0.33.

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

TPE:3231' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.1   Max: 0.48
Current: 0.33

During the past years, Wistron's highest Cyclically Adjusted PS Ratio was 0.48. The lowest was 0.07. And the median was 0.10.

TPE:3231's Cyclically Adjusted PS Ratio is ranked better than
80.41% of 1919 companies
in the Hardware industry
Industry Median: 1.07 vs TPE:3231: 0.33

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.

Wistron's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$82.899. 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$340.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wistron Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Wistron'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.

Wistron Cyclically Adjusted PS Ratio Chart

Wistron 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 0.10 0.11 0.10 0.09 0.30

Wistron 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 0.13 0.28 0.31 0.30 0.37

Competitive Comparison of Wistron's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Wistron'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.


Wistron's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Wistron 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=112.00/340.53
=0.33

* 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.

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

For example, Wistron'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)
=82.899/131.7762*131.7762
=82.899

Current CPI (Mar. 2024) = 131.7762.

Wistron Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 48.877 100.560 64.050
201409 57.174 100.428 75.021
201412 62.087 99.070 82.584
201503 54.329 99.621 71.865
201506 52.394 100.684 68.574
201509 56.949 100.392 74.753
201512 63.591 99.792 83.972
201603 50.615 100.470 66.386
201606 53.884 101.688 69.828
201609 64.000 101.861 82.796
201612 76.851 101.863 99.419
201703 62.135 102.862 79.601
201706 68.974 103.349 87.946
201709 76.243 104.136 96.480
201712 93.143 104.011 118.007
201803 77.784 105.290 97.351
201806 67.982 106.317 84.261
201809 80.685 106.507 99.828
201812 70.565 105.998 87.726
201903 72.233 107.251 88.751
201906 72.228 108.070 88.072
201909 75.372 108.329 91.686
201912 85.766 108.420 104.242
202003 59.905 108.902 72.488
202006 78.496 108.767 95.101
202009 77.375 109.815 92.849
202012 81.284 109.897 97.467
202103 62.822 111.754 74.077
202106 71.607 114.631 82.317
202109 77.259 115.734 87.968
202112 88.461 117.630 99.100
202203 81.401 121.301 88.431
202206 86.194 125.017 90.854
202209 87.284 125.227 91.849
202212 80.218 125.222 84.417
202303 73.539 127.348 76.096
202306 72.591 128.729 74.310
202309 75.694 129.860 76.811
202312 73.761 129.419 75.104
202403 82.899 131.776 82.899

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.


Wistron  (TPE:3231) 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.


Wistron Cyclically Adjusted PS Ratio Related Terms

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


Wistron (TPE:3231) Business Description

Industry
Traded in Other Exchanges
Address
No.5 , Xinan Road, East District, Hsinchu, TWN, 30076
Wistron Corp is an original design manufacturer of information and communication technology products. The company offers end-to-end services from the initial conceptualization and development of a product through to volume manufacturing and after-sale services. The in-house capabilities of the firm include design and engineering challenges such as styling considerations, component selection, prototyping, 3D modeling, testing, and packaging. The firm has operations in Asia, Europe, and North America.

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