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SMA Solar Technology AG (XTER:S92) Cyclically Adjusted PS Ratio : 1.39 (As of Jun. 01, 2024)


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What is SMA Solar Technology AG Cyclically Adjusted PS Ratio?

As of today (2024-06-01), SMA Solar Technology AG's current share price is €48.18. SMA Solar Technology AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €34.75. SMA Solar Technology AG's Cyclically Adjusted PS Ratio for today is 1.39.

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

XTER:S92' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.34   Max: 3.47
Current: 1.39

During the past years, SMA Solar Technology AG's highest Cyclically Adjusted PS Ratio was 3.47. The lowest was 0.46. And the median was 1.34.

XTER:S92's Cyclically Adjusted PS Ratio is ranked better than
66.33% of 683 companies
in the Semiconductors industry
Industry Median: 2.31 vs XTER:S92: 1.39

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.

SMA Solar Technology AG's adjusted revenue per share data for the three months ended in Mar. 2024 was €10.426. 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 €34.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SMA Solar Technology AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SMA Solar Technology AG'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.

SMA Solar Technology AG Cyclically Adjusted PS Ratio Chart

SMA Solar Technology AG 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 0.99 1.77 1.23 2.18 1.78

SMA Solar Technology AG 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 3.11 3.47 1.85 1.78 1.54

Competitive Comparison of SMA Solar Technology AG's Cyclically Adjusted PS Ratio

For the Solar subindustry, SMA Solar Technology AG'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.


SMA Solar Technology AG's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



SMA Solar Technology AG 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.

SMA Solar Technology AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.18/34.75
=1.39

* 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.

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

For example, SMA Solar Technology AG'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)
=10.426/125.0381*125.0381
=10.426

Current CPI (Mar. 2024) = 125.0381.

SMA Solar Technology AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.751 99.543 5.968
201409 5.997 99.823 7.512
201412 7.381 99.543 9.271
201503 6.521 99.717 8.177
201506 5.850 100.417 7.284
201509 7.659 100.417 9.537
201512 8.499 99.717 10.657
201603 7.149 100.017 8.937
201606 6.751 100.717 8.381
201609 6.527 101.017 8.079
201612 6.855 101.217 8.468
201703 4.990 101.417 6.152
201706 5.992 102.117 7.337
201709 6.093 102.717 7.417
201712 8.604 102.617 10.484
201803 5.258 102.917 6.388
201806 6.115 104.017 7.351
201809 5.200 104.718 6.209
201812 5.355 104.217 6.425
201903 4.836 104.217 5.802
201906 5.615 105.718 6.641
201909 7.726 106.018 9.112
201912 8.194 105.818 9.682
202003 8.297 105.718 9.813
202006 6.520 106.618 7.646
202009 7.476 105.818 8.834
202012 7.292 105.518 8.641
202103 6.927 107.518 8.056
202106 7.144 108.486 8.234
202109 7.397 109.435 8.452
202112 6.873 110.384 7.785
202203 6.356 113.968 6.973
202206 7.241 115.760 7.821
202209 7.270 118.818 7.651
202212 9.852 119.345 10.322
202303 10.581 122.402 10.809
202306 11.865 123.140 12.048
202309 16.094 124.195 16.203
202312 16.331 123.773 16.498
202403 10.426 125.038 10.426

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.


SMA Solar Technology AG  (XTER:S92) 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.


SMA Solar Technology AG Cyclically Adjusted PS Ratio Related Terms

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


SMA Solar Technology AG (XTER:S92) Business Description

Address
Sonnenallee 1, Niestetal, DEU, 34266
SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.
Executives
Dr. Jürgen Reinert Board of Directors
Uwe Kleinkauf Supervisory Board
Barbara Gregor Board of Directors

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