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Micro-Star International Co (TPE:2377) Cyclically Adjusted PS Ratio : 0.94 (As of May. 23, 2024)


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What is Micro-Star International Co Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Micro-Star International Co's current share price is NT$175.50. Micro-Star International Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$186.99. Micro-Star International Co's Cyclically Adjusted PS Ratio for today is 0.94.

The historical rank and industry rank for Micro-Star International Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2377' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.92   Max: 1.51
Current: 0.91

During the past years, Micro-Star International Co's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 0.65. And the median was 0.92.

TPE:2377's Cyclically Adjusted PS Ratio is ranked better than
55.05% of 1922 companies
in the Hardware industry
Industry Median: 1.06 vs TPE:2377: 0.91

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.

Micro-Star International Co's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$56.052. 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 NT$186.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Micro-Star International Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Micro-Star International 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.

Micro-Star International Co Cyclically Adjusted PS Ratio Chart

Micro-Star International Co 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 0.78 1.10 1.11 0.72 1.13

Micro-Star International Co 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 0.84 1.01 0.91 1.13 0.91

Competitive Comparison of Micro-Star International Co's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Micro-Star International 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.


Micro-Star International Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Micro-Star International Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Micro-Star International Co's Cyclically Adjusted PS Ratio falls into.



Micro-Star International 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.

Micro-Star International Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=175.50/186.99
=0.94

* 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.

Micro-Star International Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Micro-Star International 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)
=56.052/131.7762*131.7762
=56.052

Current CPI (Mar. 2024) = 131.7762.

Micro-Star International Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 24.481 100.560 32.081
201409 25.532 100.428 33.502
201412 25.250 99.070 33.586
201503 23.680 99.621 31.323
201506 21.590 100.684 28.257
201509 26.408 100.392 34.664
201512 28.252 99.792 37.307
201603 27.510 100.470 36.082
201606 26.768 101.688 34.688
201609 34.950 101.861 45.214
201612 31.002 101.863 40.106
201703 28.798 102.862 36.893
201706 27.255 103.349 34.752
201709 34.278 104.136 43.376
201712 34.602 104.011 43.839
201803 37.318 105.290 46.706
201806 33.490 106.317 41.510
201809 33.925 106.507 41.974
201812 34.829 105.998 43.299
201903 34.594 107.251 42.505
201906 30.814 108.070 37.574
201909 38.683 108.329 47.056
201912 37.462 108.420 45.532
202003 33.410 108.902 40.428
202006 41.696 108.767 50.516
202009 48.167 109.815 57.800
202012 49.042 109.897 58.806
202103 56.372 111.754 66.472
202106 54.626 114.631 62.796
202109 61.559 115.734 70.092
202112 64.618 117.630 72.389
202203 61.734 121.301 67.065
202206 56.665 125.017 59.729
202209 45.551 125.227 47.933
202212 46.075 125.222 48.487
202303 51.132 127.348 52.910
202306 48.821 128.729 49.977
202309 57.877 129.860 58.731
202312 56.873 129.419 57.909
202403 56.052 131.776 56.052

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.


Micro-Star International Co  (TPE:2377) 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.


Micro-Star International Co Cyclically Adjusted PS Ratio Related Terms

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


Micro-Star International Co (TPE:2377) Business Description

Traded in Other Exchanges
N/A
Address
No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras.

Micro-Star International Co (TPE:2377) Headlines

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