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Apacer Technology (TPE:8271) Cyclically Adjusted PS Ratio : 0.70 (As of Jun. 01, 2024)


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What is Apacer Technology Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Apacer Technology's current share price is NT$67.20. Apacer Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$95.36. Apacer Technology's Cyclically Adjusted PS Ratio for today is 0.70.

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

TPE:8271' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.45   Max: 0.78
Current: 0.69

During the past years, Apacer Technology's highest Cyclically Adjusted PS Ratio was 0.78. The lowest was 0.30. And the median was 0.45.

TPE:8271's Cyclically Adjusted PS Ratio is ranked better than
82.7% of 682 companies
in the Semiconductors industry
Industry Median: 2.295 vs TPE:8271: 0.69

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.

Apacer Technology's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$15.496. 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$95.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apacer Technology Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Apacer Technology'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.

Apacer Technology Cyclically Adjusted PS Ratio Chart

Apacer Technology 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 0.40 0.42 0.50 0.41 0.65

Apacer Technology 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 0.51 0.61 0.56 0.65 0.73

Competitive Comparison of Apacer Technology's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Apacer Technology'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.


Apacer Technology's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Apacer Technology 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.

Apacer Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=67.20/95.36
=0.70

* 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.

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

For example, Apacer Technology'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)
=15.496/131.7762*131.7762
=15.496

Current CPI (Mar. 2024) = 131.7762.

Apacer Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 28.307 100.560 37.094
201409 29.697 100.428 38.967
201412 26.481 99.070 35.223
201503 21.445 99.621 28.367
201506 18.105 100.684 23.696
201509 16.969 100.392 22.274
201512 10.574 99.792 13.963
201603 9.785 100.470 12.834
201606 16.061 101.688 20.813
201609 16.007 101.861 20.708
201612 19.079 101.863 24.682
201703 21.243 102.862 27.214
201706 23.615 103.349 30.111
201709 27.330 104.136 34.584
201712 26.269 104.011 33.281
201803 24.463 105.290 30.617
201806 23.870 106.317 29.586
201809 22.652 106.507 28.026
201812 21.368 105.998 26.565
201903 19.058 107.251 23.416
201906 17.569 108.070 21.423
201909 17.898 108.329 21.772
201912 18.768 108.420 22.811
202003 19.227 108.902 23.266
202006 16.629 108.767 20.147
202009 16.214 109.815 19.457
202012 17.706 109.897 21.231
202103 20.584 111.754 24.272
202106 22.319 114.631 25.657
202109 20.676 115.734 23.542
202112 20.924 117.630 23.440
202203 22.358 121.301 24.289
202206 20.464 125.017 21.570
202209 20.427 125.227 21.495
202212 17.751 125.222 18.680
202303 15.404 127.348 15.940
202306 13.373 128.729 13.690
202309 15.560 129.860 15.790
202312 17.263 129.419 17.577
202403 15.496 131.776 15.496

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.


Apacer Technology  (TPE:8271) 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.


Apacer Technology Cyclically Adjusted PS Ratio Related Terms

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


Apacer Technology (TPE:8271) Business Description

Traded in Other Exchanges
N/A
Address
No. 32, Zhongcheng Raod, 1st Floor, Tucheng District, New Taipei, TWN, 236
Apacer Technology Inc is engaged in the research and development, design, manufacturing, processing, maintenance and sales of memory modules and storage memory devices. Its products include Industrial Solutions, Industrial IOT and Optical Application Solutions and Consumer Products.

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