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Broadcom (LIM:AVGO) Cyclically Adjusted PS Ratio : (As of Jun. 04, 2024)


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What is Broadcom 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


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 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)
=25.612/130.1244*130.1244
=25.612

Current CPI (Jan. 2024) = 130.1244.

Broadcom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 2.717 100.023 3.535
201407 5.036 100.520 6.519
201410 5.824 100.176 7.565
201501 5.881 98.604 7.761
201504 5.683 99.824 7.408
201507 6.045 100.691 7.812
201510 6.667 100.346 8.645
201601 6.128 99.957 7.977
201604 8.533 100.947 10.999
201607 9.050 101.524 11.600
201610 9.801 101.988 12.505
201701 9.428 102.456 11.974
201704 9.480 103.167 11.957
201707 10.029 103.278 12.636
201710 11.786 104.070 14.737
201801 12.505 104.578 15.560
201804 11.192 105.708 13.777
201807 11.481 106.324 14.051
201810 12.680 106.695 15.464
201901 13.816 106.200 16.928
201904 13.073 107.818 15.778
201907 13.194 108.250 15.860
201910 13.746 108.577 16.474
202001 13.913 108.841 16.634
202004 13.735 108.173 16.522
202007 13.759 109.318 16.378
202010 15.214 109.861 18.020
202101 15.510 110.364 18.287
202104 15.369 112.673 17.749
202107 15.760 115.183 17.804
202110 17.397 116.696 19.399
202201 17.963 118.619 19.705
202204 19.111 121.978 20.387
202207 19.684 125.002 20.491
202210 21.675 125.734 22.432
202301 20.781 126.223 21.423
202304 20.452 127.992 20.793
202307 20.787 128.974 20.972
202310 21.768 129.810 21.821
202401 25.612 130.124 25.612

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  (LIM:AVGO) 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

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Broadcom (LIM:AVGO) Business Description

Industry
Comparable Companies
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 (LIM:AVGO) Headlines

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