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FormFactor (FormFactor) Cyclically Adjusted PS Ratio : 5.26 (As of Apr. 29, 2024)


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What is FormFactor Cyclically Adjusted PS Ratio?

As of today (2024-04-29), FormFactor's current share price is $45.53. FormFactor's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $8.66. FormFactor's Cyclically Adjusted PS Ratio for today is 5.26.

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

FORM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.97   Max: 8.24
Current: 5.17

During the past years, FormFactor's highest Cyclically Adjusted PS Ratio was 8.24. The lowest was 0.91. And the median was 2.97.

FORM's Cyclically Adjusted PS Ratio is ranked worse than
76.44% of 675 companies
in the Semiconductors industry
Industry Median: 2.28 vs FORM: 5.17

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.

FormFactor's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.127. 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 $8.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FormFactor Cyclically Adjusted PS Ratio Historical Data

The historical data trend for FormFactor'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.

FormFactor Cyclically Adjusted PS Ratio Chart

FormFactor 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 4.63 7.03 6.42 2.75 4.82

FormFactor 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 2.75 3.83 4.05 4.07 4.82

Competitive Comparison of FormFactor's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, FormFactor'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.


FormFactor's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



FormFactor 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.

FormFactor's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.53/8.66
=5.26

* 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.

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

For example, FormFactor'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)
=2.127/129.4194*129.4194
=2.127

Current CPI (Dec. 2023) = 129.4194.

FormFactor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.017 99.695 1.320
201406 1.207 100.560 1.553
201409 1.313 100.428 1.692
201412 1.262 99.070 1.649
201503 1.204 99.621 1.564
201506 1.250 100.684 1.607
201509 1.131 100.392 1.458
201512 1.235 99.792 1.602
201603 0.918 100.470 1.183
201606 1.385 101.688 1.763
201609 1.749 101.861 2.222
201612 1.739 101.863 2.209
201703 1.767 102.862 2.223
201706 1.958 103.349 2.452
201709 1.945 104.136 2.417
201712 1.728 104.011 2.150
201803 1.591 105.290 1.956
201806 1.818 106.317 2.213
201809 1.801 106.507 2.188
201812 1.833 105.998 2.238
201903 1.739 107.251 2.098
201906 1.812 108.070 2.170
201909 1.819 108.329 2.173
201912 2.265 108.420 2.704
202003 2.048 108.902 2.434
202006 2.001 108.767 2.381
202009 2.259 109.815 2.662
202012 2.451 109.897 2.886
202103 2.333 111.754 2.702
202106 2.367 114.631 2.672
202109 2.404 115.734 2.688
202112 2.596 117.630 2.856
202203 2.481 121.301 2.647
202206 2.574 125.017 2.665
202209 2.328 125.227 2.406
202212 2.147 125.222 2.219
202303 2.167 127.348 2.202
202306 2.009 128.729 2.020
202309 2.188 129.860 2.181
202312 2.127 129.419 2.127

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.


FormFactor  (NAS:FORM) 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.


FormFactor Cyclically Adjusted PS Ratio Related Terms

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


FormFactor (FormFactor) Business Description

Industry
Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
Executives
Rebeca Obregon-jimenez director 3748 E MARE COURT, PHOENIX AZ 85044
Shai Shahar officer: CFO, SVP Global Finance 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mike Slessor director, officer: CEO 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Brian C White director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Raymond A Link director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Kelley Steven-waiss director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Sheri Rhodes director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80112
Edward Jr Rogas director C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012
Michael W Zellner director C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Richard Delateur director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael M Ludwig officer: SR VP, CFO C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Lothar Maier director 1630 MCCARTHY BLVD, MILPITAS CA 95035
Stuart L Merkadeau officer: SVP and General Counsel 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551