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SK Hynix (SK Hynix) Cyclically Adjusted PS Ratio : (As of Jun. 10, 2024)


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What is SK Hynix Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


SK Hynix Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SK Hynix'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.

SK Hynix Cyclically Adjusted PS Ratio Chart

SK Hynix 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 3.14 3.64 3.44 1.68 2.92

SK Hynix 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 1.95 2.50 2.42 2.92 3.69

Competitive Comparison of SK Hynix's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, SK Hynix'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.


SK Hynix's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



SK Hynix 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.

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

For example, SK Hynix'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)
=13.221/118.8477*118.8477
=13.221

Current CPI (Mar. 2024) = 118.8477.

SK Hynix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.381 99.353 6.437
201409 5.763 99.608 6.876
201412 6.501 99.098 7.797
201503 5.948 99.720 7.089
201506 5.726 100.050 6.802
201509 5.784 100.110 6.867
201512 5.241 100.220 6.215
201603 4.382 100.560 5.179
201606 4.791 100.790 5.649
201609 5.423 101.460 6.352
201612 6.415 101.560 7.507
201703 7.857 102.850 9.079
201706 8.382 102.610 9.708
201709 10.139 103.490 11.644
201712 11.808 102.990 13.626
201803 11.543 104.100 13.178
201806 13.423 104.130 15.320
201809 14.441 105.650 16.245
201812 12.541 104.350 14.283
201903 8.477 104.490 9.642
201906 7.786 104.880 8.823
201909 8.112 105.200 9.164
201912 8.353 105.120 9.444
202003 8.370 105.540 9.425
202006 10.100 104.870 11.446
202009 9.783 106.200 10.948
202012 10.316 105.765 11.592
202103 10.645 107.357 11.784
202106 13.023 107.579 14.387
202109 14.257 108.759 15.579
202112 14.808 109.676 16.046
202203 14.103 111.806 14.991
202206 15.314 114.083 15.954
202209 11.141 114.831 11.531
202212 8.401 115.200 8.667
202303 5.518 116.550 5.627
202306 7.977 117.140 8.093
202309 9.625 119.111 9.604
202312 12.277 118.848 12.277
202403 13.221 118.848 13.221

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.


SK Hynix  (OTCPK:HXSCF) 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.


SK Hynix Cyclically Adjusted PS Ratio Related Terms

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


SK Hynix (SK Hynix) Business Description

Industry
Traded in Other Exchanges
Address
2091, Gyeongchung-daero, Bubai-eub, Icheon-si, Gyeonggi-do, KOR
SK Hynix is a semiconductor supplier with around 65%-70% of its revenue from DRAM and 25%-30% of its revenue from NAND flash. SK Hynix is the second-largest DRAM supplier globally with approximately 28% market share and the fifth-largest NAND supplier globally with approximately 19% market share. SK Telecom, the largest telecom carrier in South Korea, became the largest shareholder in 2012 and currently holds 20% of SK Hynix's shares.