GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Broadcom Inc (BSP:AVGO34) » Definitions » Cyclically Adjusted PS Ratio

Broadcom (BSP:AVGO34) Cyclically Adjusted PS Ratio : 23.85 (As of May. 19, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Broadcom Cyclically Adjusted PS Ratio?

As of today (2024-05-19), Broadcom's current share price is R$101.60. Broadcom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was R$4.26. Broadcom's Cyclically Adjusted PS Ratio for today is 23.85.

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

BSP:AVGO34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.84   Med: 12.45   Max: 23.24
Current: 23.18

During the past years, Broadcom's highest Cyclically Adjusted PS Ratio was 23.24. The lowest was 6.84. And the median was 12.45.

BSP:AVGO34's Cyclically Adjusted PS Ratio is ranked worse than
96.78% of 684 companies
in the Semiconductors industry
Industry Median: 2.325 vs BSP:AVGO34: 23.18

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.

Broadcom's adjusted revenue per share data for the three months ended in Jan. 2024 was R$1.800. 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 R$4.26 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Broadcom Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Broadcom'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.

Broadcom Cyclically Adjusted PS Ratio Chart

Broadcom Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.90 10.97 13.54 9.57 14.54

Broadcom Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 11.45 11.70 16.13 14.54 19.60

Competitive Comparison of Broadcom's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Broadcom'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.


Broadcom's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Broadcom 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=101.60/4.26
=23.85

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=1.8/130.1244*130.1244
=1.800

Current CPI (Jan. 2024) = 130.1244.

Broadcom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 0.087 100.023 0.113
201407 0.160 100.520 0.207
201410 0.204 100.176 0.265
201501 0.221 98.604 0.292
201504 0.247 99.824 0.322
201507 0.279 100.691 0.361
201510 0.369 100.346 0.479
201601 0.355 99.957 0.462
201604 0.434 100.947 0.559
201607 0.424 101.524 0.543
201610 0.446 101.988 0.569
201701 0.430 102.456 0.546
201704 0.425 103.167 0.536
201707 0.458 103.278 0.577
201710 0.537 104.070 0.671
201801 0.574 104.578 0.714
201804 0.545 105.708 0.671
201807 0.627 106.324 0.767
201810 0.681 106.695 0.831
201901 0.737 106.200 0.903
201904 0.728 107.818 0.879
201907 0.712 108.250 0.856
201910 0.802 108.577 0.961
202001 0.825 108.841 0.986
202004 1.043 108.173 1.255
202007 1.037 109.318 1.234
202010 1.223 109.861 1.449
202101 1.189 110.364 1.402
202104 1.223 112.673 1.412
202107 1.162 115.183 1.313
202110 1.377 116.696 1.535
202201 1.419 118.619 1.557
202204 1.298 121.978 1.385
202207 1.510 125.002 1.572
202210 1.626 125.734 1.683
202301 1.541 126.223 1.589
202304 1.467 127.992 1.491
202307 1.426 128.974 1.439
202310 1.572 129.810 1.576
202401 1.800 130.124 1.800

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.


Broadcom  (BSP:AVGO34) 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.


Broadcom Cyclically Adjusted PS Ratio Related Terms

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


Broadcom (BSP:AVGO34) Business Description

Industry
Address
3421 Hillview Avenue, Palo Alto, CA, USA, 94304
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

Broadcom (BSP:AVGO34) Headlines

No Headlines