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Aviat Networks (FRA:HSD1) Cyclically Adjusted PS Ratio : 1.00 (As of May. 22, 2024)


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What is Aviat Networks Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Aviat Networks's current share price is €28.40. Aviat Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €28.32. Aviat Networks's Cyclically Adjusted PS Ratio for today is 1.00.

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

FRA:HSD1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.19   Max: 1.26
Current: 1

During the past years, Aviat Networks's highest Cyclically Adjusted PS Ratio was 1.26. The lowest was 0.06. And the median was 0.19.

FRA:HSD1's Cyclically Adjusted PS Ratio is ranked better than
52.11% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs FRA:HSD1: 1.00

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.

Aviat Networks's adjusted revenue per share data for the three months ended in Mar. 2024 was €8.035. 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 €28.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aviat Networks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aviat Networks'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.

Aviat Networks Cyclically Adjusted PS Ratio Chart

Aviat Networks Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.26 0.98 0.75 1.07

Aviat Networks 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 1.10 1.07 1.01 1.07 1.24

Competitive Comparison of Aviat Networks's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Aviat Networks'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.


Aviat Networks's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Aviat Networks 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.

Aviat Networks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.40/28.32
=1.00

* 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.

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

For example, Aviat Networks'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)
=8.035/131.7762*131.7762
=8.035

Current CPI (Mar. 2024) = 131.7762.

Aviat Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.082 100.560 7.970
201409 6.188 100.428 8.120
201412 7.123 99.070 9.475
201503 6.657 99.621 8.806
201506 7.540 100.684 9.868
201509 6.808 100.392 8.936
201512 6.180 99.792 8.161
201603 5.166 100.470 6.776
201606 4.926 101.688 6.384
201609 4.931 101.861 6.379
201612 6.016 101.863 7.783
201703 5.168 102.862 6.621
201706 4.729 103.349 6.030
201709 4.434 104.136 5.611
201712 4.637 104.011 5.875
201803 4.712 105.290 5.897
201806 4.700 106.317 5.825
201809 4.832 106.507 5.978
201812 5.084 105.998 6.320
201903 4.288 107.251 5.269
201906 5.103 108.070 6.222
201909 4.812 108.329 5.854
201912 4.643 108.420 5.643
202003 5.090 108.902 6.159
202006 4.879 108.767 5.911
202009 5.074 109.815 6.089
202012 5.077 109.897 6.088
202103 4.710 111.754 5.554
202106 4.895 114.631 5.627
202109 5.202 115.734 5.923
202112 5.762 117.630 6.455
202203 5.753 121.301 6.250
202206 6.241 125.017 6.578
202209 7.327 125.227 7.710
202212 7.252 125.222 7.632
202303 6.561 127.348 6.789
202306 7.053 128.729 7.220
202309 6.870 129.860 6.971
202312 7.126 129.419 7.256
202403 8.035 131.776 8.035

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.


Aviat Networks  (FRA:HSD1) 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.


Aviat Networks Cyclically Adjusted PS Ratio Related Terms

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


Aviat Networks (FRA:HSD1) Business Description

Industry
Traded in Other Exchanges
Address
200 Parker Drive, Suite C100A, Austin, TX, USA, 78728
Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

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