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Micronics Japan Co (STU:MJ3) Cyclically Adjusted PS Ratio : 6.45 (As of Jun. 09, 2024)


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What is Micronics Japan Co Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Micronics Japan Co's current share price is €33.20. Micronics Japan Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €5.15. Micronics Japan Co's Cyclically Adjusted PS Ratio for today is 6.45.

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

STU:MJ3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.67   Max: 9.79
Current: 6.33

During the past years, Micronics Japan Co's highest Cyclically Adjusted PS Ratio was 9.79. The lowest was 0.91. And the median was 1.67.

STU:MJ3's Cyclically Adjusted PS Ratio is ranked worse than
79.85% of 680 companies
in the Semiconductors industry
Industry Median: 2.33 vs STU:MJ3: 6.33

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.

Micronics Japan Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.877. 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 €5.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Micronics Japan Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Micronics Japan Co'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.

Micronics Japan Co Cyclically Adjusted PS Ratio Chart

Micronics Japan Co Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.20 1.50 2.44 1.55

Micronics Japan Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 1.56 2.31 2.41 4.08 9.68

Competitive Comparison of Micronics Japan Co's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Micronics Japan Co'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.


Micronics Japan Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Micronics Japan Co 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.

Micronics Japan Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.20/5.15
=6.45

* 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.

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

For example, Micronics Japan Co'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)
=1.877/107.2000*107.2000
=1.877

Current CPI (Mar. 2024) = 107.2000.

Micronics Japan Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.220 95.700 1.367
201406 1.119 98.000 1.224
201409 1.446 98.500 1.574
201412 1.134 97.900 1.242
201503 1.573 97.900 1.722
201506 1.459 98.400 1.589
201509 1.794 98.500 1.952
201512 1.382 98.100 1.510
201603 1.253 97.900 1.372
201606 1.166 98.100 1.274
201609 1.541 98.000 1.686
201612 1.419 98.400 1.546
201703 1.547 98.100 1.691
201706 1.427 98.500 1.553
201709 1.422 98.800 1.543
201712 1.531 99.400 1.651
201803 1.444 99.200 1.560
201806 1.299 99.200 1.404
201809 1.622 99.900 1.741
201812 1.293 99.700 1.390
201903 1.800 99.700 1.935
201906 1.347 99.800 1.447
201909 1.476 100.100 1.581
201912 1.999 100.500 2.132
202003 1.511 100.300 1.615
202006 1.645 99.900 1.765
202009 1.662 99.900 1.783
202103 1.748 99.900 1.876
202106 1.751 99.500 1.887
202109 2.190 100.100 2.345
202112 2.330 100.100 2.495
202203 1.948 101.100 2.066
202206 1.790 101.800 1.885
202209 1.933 103.100 2.010
202212 2.576 104.100 2.653
202303 1.770 104.400 1.817
202306 1.221 105.200 1.244
202309 1.402 106.200 1.415
202312 2.107 106.800 2.115
202403 1.877 107.200 1.877

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.


Micronics Japan Co  (STU:MJ3) 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.


Micronics Japan Co Cyclically Adjusted PS Ratio Related Terms

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


Micronics Japan Co (STU:MJ3) Business Description

Traded in Other Exchanges
Address
2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508
Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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