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Rakon (NZSE:RAK) Cyclically Adjusted PS Ratio : 1.25 (As of May. 17, 2024)


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What is Rakon Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Rakon's current share price is NZ$0.89. Rakon's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was NZ$0.71. Rakon's Cyclically Adjusted PS Ratio for today is 1.25.

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

NZSE:RAK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.53   Max: 3.22
Current: 1.47

During the past 13 years, Rakon's highest Cyclically Adjusted PS Ratio was 3.22. The lowest was 0.18. And the median was 0.53.

NZSE:RAK's Cyclically Adjusted PS Ratio is ranked worse than
50.87% of 2192 companies
in the Industrial Products industry
Industry Median: 1.44 vs NZSE:RAK: 1.47

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.

Rakon's adjusted revenue per share data of for the fiscal year that ended in Mar23 was NZ$0.787. 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 NZ$0.71 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rakon Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Rakon'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.

Rakon Cyclically Adjusted PS Ratio Chart

Rakon Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.22 1.35 2.40 1.22

Rakon Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 2.40 - 1.22 -

Competitive Comparison of Rakon's Cyclically Adjusted PS Ratio

For the Electrical Equipment & Parts subindustry, Rakon'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.


Rakon's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rakon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Rakon 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.89/0.71
=1.25

* 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.

Rakon's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Rakon's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.787/124.5168*124.5168
=0.787

Current CPI (Mar23) = 124.5168.

Rakon Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.785 99.396 0.983
201503 0.686 99.646 0.857
201603 0.590 100.063 0.734
201703 0.496 102.231 0.604
201803 0.441 103.355 0.531
201903 0.502 104.889 0.596
202003 0.519 107.547 0.601
202103 0.560 109.182 0.639
202203 0.751 116.747 0.801
202303 0.787 124.517 0.787

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.


Rakon  (NZSE:RAK) 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.


Rakon Cyclically Adjusted PS Ratio Related Terms

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


Rakon (NZSE:RAK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8 Sylvia Park Road, Mt Wellington, Auckland, NZL, 1060
Rakon Ltd is engaged in the development of frequency control products and timing solutions for a wide range of applications. Its core markets are Telecommunications, Space & Defence, and Global Positioning. The company's product range consists of low stability Crystal Oscillators (XO), Voltage Controlled Crystal Oscillators (VCXOs), and crystal products, through to high volume precision Temperature Compensated Crystal Oscillators (TCXOs), Oven Controlled Crystal Oscillators (OCXOs), Digital Pulse Compression Sub-Systems (DPCSS), Surface Acoustic Wave (SAW) oscillators and specialized products. The company's geographical segments are New Zealand, France, India, and Others.

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