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Aviat Networks (Aviat Networks) Cyclically Adjusted PS Ratio : 1.11 (As of Apr. 27, 2024)


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What is Aviat Networks Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Aviat Networks's current share price is $33.96. Aviat Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $30.46. Aviat Networks's Cyclically Adjusted PS Ratio for today is 1.11.

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

AVNW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.19   Max: 1.26
Current: 1.09

During the past years, Aviat Networks's highest Cyclically Adjusted PS Ratio was 1.26. The lowest was 0.06. And the median was 0.19.

AVNW's Cyclically Adjusted PS Ratio is ranked worse than
52.04% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs AVNW: 1.09

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.

Aviat Networks's adjusted revenue per share data for the three months ended in Dec. 2023 was $7.771. 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 $30.46 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aviat Networks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aviat Networks'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.

Aviat Networks Cyclically Adjusted PS Ratio Chart

Aviat Networks Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.26 0.98 0.75 1.07

Aviat Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.98 1.10 1.07 1.01 1.07

Competitive Comparison of Aviat Networks's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Aviat Networks'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.


Aviat Networks's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Aviat Networks 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.

Aviat Networks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.96/30.46
=1.11

* 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.

Aviat Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Aviat Networks's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.771/129.4194*129.4194
=7.771

Current CPI (Dec. 2023) = 129.4194.

Aviat Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 7.890 99.695 10.242
201406 8.264 100.560 10.636
201409 7.974 100.428 10.276
201412 8.783 99.070 11.474
201503 7.204 99.621 9.359
201506 8.463 100.684 10.878
201509 7.641 100.392 9.850
201512 6.732 99.792 8.731
201603 5.753 100.470 7.411
201606 5.535 101.688 7.044
201609 5.534 101.861 7.031
201612 6.346 101.863 8.063
201703 5.527 102.862 6.954
201706 5.314 103.349 6.654
201709 5.284 104.136 6.567
201712 5.487 104.011 6.827
201803 5.810 105.290 7.142
201806 5.491 106.317 6.684
201809 5.638 106.507 6.851
201812 5.784 105.998 7.062
201903 4.845 107.251 5.846
201906 5.766 108.070 6.905
201909 5.300 108.329 6.332
201912 5.159 108.420 6.158
202003 5.624 108.902 6.684
202006 5.494 108.767 6.537
202009 5.976 109.815 7.043
202012 6.176 109.897 7.273
202103 5.607 111.754 6.493
202106 5.897 114.631 6.658
202109 6.120 115.734 6.844
202112 6.510 117.630 7.162
202203 6.336 121.301 6.760
202206 6.597 125.017 6.829
202209 7.255 125.227 7.498
202212 7.682 125.222 7.940
202303 7.025 127.348 7.139
202306 7.641 128.729 7.682
202309 7.332 129.860 7.307
202312 7.771 129.419 7.771

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.


Aviat Networks  (NAS:AVNW) 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.


Aviat Networks Cyclically Adjusted PS Ratio Related Terms

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


Aviat Networks (Aviat Networks) Business Description

Industry
Traded in Other Exchanges
Address
200 Parker Drive, Suite C100A, Austin, TX, USA, 78728
Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
Executives
Bryan Tucker officer: Sr. VP, Americas Sales and Ser 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
Erin Boase officer: VP Legal Affairs AVIAT NETWORKS, INC., 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
Gary Croke officer: VP Marketing and PLM AVIAT NETWORKS, INC., 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
David M Gray officer: Sr VP and CFO AVIAT NETWORKS, INC, 200 PARKER DRIVE, SUITE C 100A, AUSTIN TX 78726
Pete A Smith officer: President and CEO C/O AVIAT NETWORKS, INC., 200 PARKER DR SUITE C100A, AUSTIN TX 78728
Bruce M. Taten director 600 TRAVIS, SUITE 5600, HOUSTON TX 77002
Somesh Singh director 1301 S MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Bryan Ingram director C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131
Michele Klein director 469 MINOCA ROAD, PORTOLA VALLEY CA 94028
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
James C Stoffel director 101 KNOLLWOOD DRIVE, ROCHESTER NY 14618