This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. AXT's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $1.849. AXT's 10-Year median PS Ratio is 1.6928. Therefore, the Median PS Value for today is $3.13.
As of today (2024-05-07), AXT's share price is $3.86. AXT's Median PS Value is $3.13. Therefore, AXT's Price to Median PS Value for today is 1.23.
The historical rank and industry rank for AXT's Median PS Value or its related term are showing as below:
AXTI'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.73 Med: 1.27 Max: 2.82
Current: 1.23
During the past 13 years, the highest Price to Median PS Value of AXT was 2.82. The lowest was 0.73. And the median was 1.27.
AXTI's Price-to-Median-PS-Value is ranked better than 56.81% of 514
companies
in the Semiconductors industry
Industry Median: 1.425
vs AXTI: 1.23
AXT Median PS Value Historical Data
The historical data trend for AXT's Median PS Value 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.
For the Semiconductor Equipment & Materials subindustry, AXT's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
AXT's Price-to-Median-PS-Value Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where AXT's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 1.6928.
AXT's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.849.
* 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.
AXT (NAS:AXTI) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
AXT's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
3.86
/
3.13
=
1.23
* 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.
AXT Median PS Value Related Terms
Thank you for viewing the detailed overview of AXT's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
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