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IPG Photonics (IPG Photonics) Cyclically Adjusted PS Ratio : 3.25 (As of Apr. 27, 2024)


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What is IPG Photonics Cyclically Adjusted PS Ratio?

As of today (2024-04-27), IPG Photonics's current share price is $88.40. IPG Photonics's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $27.18. IPG Photonics's Cyclically Adjusted PS Ratio for today is 3.25.

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

IPGP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.1   Med: 9.26   Max: 20.16
Current: 3.25

During the past years, IPG Photonics's highest Cyclically Adjusted PS Ratio was 20.16. The lowest was 3.10. And the median was 9.26.

IPGP's Cyclically Adjusted PS Ratio is ranked worse than
63.69% of 672 companies
in the Semiconductors industry
Industry Median: 2.24 vs IPGP: 3.25

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.

IPG Photonics's adjusted revenue per share data for the three months ended in Dec. 2023 was $6.404. 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 $27.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IPG Photonics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for IPG Photonics'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.

IPG Photonics Cyclically Adjusted PS Ratio Chart

IPG Photonics 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 8.18 11.51 7.69 3.75 3.99

IPG Photonics 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 3.75 4.74 5.10 3.75 3.99

Competitive Comparison of IPG Photonics's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.


IPG Photonics's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



IPG Photonics 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.

IPG Photonics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=88.40/27.18
=3.25

* 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.

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

For example, IPG Photonics'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)
=6.404/129.4194*129.4194
=6.404

Current CPI (Dec. 2023) = 129.4194.

IPG Photonics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.235 99.695 4.200
201406 3.642 100.560 4.687
201409 3.782 100.428 4.874
201412 3.916 99.070 5.116
201503 3.735 99.621 4.852
201506 4.400 100.684 5.656
201509 4.561 100.392 5.880
201512 4.177 99.792 5.417
201603 3.865 100.470 4.979
201606 4.700 101.688 5.982
201609 4.948 101.861 6.287
201612 5.194 101.863 6.599
201703 5.257 102.862 6.614
201706 6.781 103.349 8.492
201709 7.178 104.136 8.921
201712 6.554 104.011 8.155
201803 6.521 105.290 8.015
201806 7.521 106.317 9.155
201809 6.515 106.507 7.917
201812 6.121 105.998 7.474
201903 5.848 107.251 7.057
201906 6.755 108.070 8.089
201909 6.138 108.329 7.333
201912 5.703 108.420 6.808
202003 4.643 108.902 5.518
202006 5.537 108.767 6.588
202009 5.934 109.815 6.993
202012 6.226 109.897 7.332
202103 6.376 111.754 7.384
202106 6.883 114.631 7.771
202109 7.043 115.734 7.876
202112 6.805 117.630 7.487
202203 6.968 121.301 7.434
202206 7.279 125.017 7.535
202209 6.746 125.227 6.972
202212 6.832 125.222 7.061
202303 7.267 127.348 7.385
202306 7.164 128.729 7.202
202309 6.360 129.860 6.338
202312 6.404 129.419 6.404

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.


IPG Photonics  (NAS:IPGP) 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.


IPG Photonics Cyclically Adjusted PS Ratio Related Terms

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


IPG Photonics (IPG Photonics) Business Description

Traded in Other Exchanges
Address
377 Simarano Drive, Marlborough, MA, USA, 01752
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.
Executives
Eric Meurice director % VERIGY LTD, 5301 STEVENS CREEK BLVD, SANTA CLARA CA 95051
Valentin Gapontsev Trust I 10 percent owner 50 OLD WEBSTER ROAD, OXFORD MA 01540
Tang Agnes director C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Kolleen T Kennedy director VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Alexander Ovtchinnikov officer: Vice President IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Jeanmarie F. Desmond director C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Eugene A Shcherbakov director, officer: Managing Director of IPG Laser IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Gregory R Beecher director C/OTERADYNE INC, 600 RIVERPARK DRIVE, NORTH READING MA 01864
Timothy Pv Mammen officer: Vice President & CFO IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Ip Fibre Devices Ltd 10 percent owner 660 MAIN STREET, STURBRIDGE MA 01566
Trevor Ness officer: VP World-Wide Sales and Mktg. C/O 50 OLD WEBSTER ROAD, OXFORD MA 01540
Igor Samartsev director, officer: Acting GM of NTO IRE-Polus IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Angelo P Lopresti officer: VP, Secretary & Gen Counsel IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Felix I Stukalin officer: SVP, North America Operations
Natalia Pavlova director 3 ORCHARD HILL ROAD, WESTBOROUGH MA 01581