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Papago (ROCO:3632) Cyclically Adjusted PS Ratio : 0.45 (As of May. 28, 2024)


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What is Papago Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Papago's current share price is NT$13.30. Papago's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$29.46. Papago's Cyclically Adjusted PS Ratio for today is 0.45.

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

ROCO:3632' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.35   Max: 0.55
Current: 0.45

During the past years, Papago's highest Cyclically Adjusted PS Ratio was 0.55. The lowest was 0.22. And the median was 0.35.

ROCO:3632's Cyclically Adjusted PS Ratio is ranked better than
82.91% of 1445 companies
in the Software industry
Industry Median: 1.84 vs ROCO:3632: 0.45

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.

Papago's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$2.203. 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 NT$29.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Papago Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Papago'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.

Papago Cyclically Adjusted PS Ratio Chart

Papago 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 0.48 0.31 0.29 0.31 0.47

Papago Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.38 0.50 0.46 0.47 0.46

Competitive Comparison of Papago's Cyclically Adjusted PS Ratio

For the Software - Application subindustry, Papago'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.


Papago's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Papago 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.30/29.46
=0.45

* 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.

Papago's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Papago's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.203/131.7762*131.7762
=2.203

Current CPI (Mar. 2024) = 131.7762.

Papago Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.430 100.560 11.047
201409 8.873 100.428 11.643
201412 15.166 99.070 20.173
201503 11.770 99.621 15.569
201506 16.280 100.684 21.307
201509 17.391 100.392 22.828
201512 16.382 99.792 21.632
201603 8.153 100.470 10.693
201606 8.319 101.688 10.780
201609 6.351 101.861 8.216
201612 9.927 101.863 12.842
201703 5.484 102.862 7.026
201706 9.038 103.349 11.524
201709 6.219 104.136 7.870
201712 7.066 104.011 8.952
201803 4.278 105.290 5.354
201806 6.293 106.317 7.800
201809 5.824 106.507 7.206
201812 5.785 105.998 7.192
201903 4.313 107.251 5.299
201906 2.943 108.070 3.589
201909 6.355 108.329 7.730
201912 3.533 108.420 4.294
202003 1.832 108.902 2.217
202006 1.777 108.767 2.153
202009 2.561 109.815 3.073
202012 3.790 109.897 4.545
202103 2.749 111.754 3.242
202106 1.708 114.631 1.963
202109 1.499 115.734 1.707
202112 2.677 117.630 2.999
202203 1.515 121.301 1.646
202206 2.226 125.017 2.346
202209 2.522 125.227 2.654
202212 3.032 125.222 3.191
202303 2.310 127.348 2.390
202306 2.907 128.729 2.976
202309 1.992 129.860 2.021
202312 2.703 129.419 2.752
202403 2.203 131.776 2.203

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.


Papago  (ROCO:3632) 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.


Papago Cyclically Adjusted PS Ratio Related Terms

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


Papago (ROCO:3632) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Gangyu Road, Neihu District, 4th Floor, No. 200, Neihu, Taipei, TWN, 11494
Papago Inc develops e-map navigation software for mobile phone manufacturers in the Asia Pacific region. It offers software for PND (Portable Navigator), OBU (On-Board-Unit), and Smartphones. The organization also provides maintenance and related software services for the electronic map software for navigation systems.

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