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HIM International Music (ROCO:8446) Cyclically Adjusted PS Ratio : 3.71 (As of May. 27, 2024)


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What is HIM International Music Cyclically Adjusted PS Ratio?

As of today (2024-05-27), HIM International Music's current share price is NT$105.00. HIM International Music's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$28.27. HIM International Music's Cyclically Adjusted PS Ratio for today is 3.71.

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

ROCO:8446' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.63   Med: 3.52   Max: 5.02
Current: 3.73

During the past years, HIM International Music's highest Cyclically Adjusted PS Ratio was 5.02. The lowest was 2.63. And the median was 3.52.

ROCO:8446's Cyclically Adjusted PS Ratio is ranked worse than
89.58% of 710 companies
in the Media - Diversified industry
Industry Median: 0.895 vs ROCO:8446: 3.73

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.

HIM International Music's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$4.852. 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$28.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


HIM International Music Cyclically Adjusted PS Ratio Historical Data

The historical data trend for HIM International Music'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.

HIM International Music Cyclically Adjusted PS Ratio Chart

HIM International Music 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 - - 3.55 3.01 3.85

HIM International Music 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 3.24 4.06 3.65 3.85 3.80

Competitive Comparison of HIM International Music's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, HIM International Music'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.


HIM International Music's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



HIM International Music 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.

HIM International Music's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=105.00/28.27
=3.71

* 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.

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

For example, HIM International Music'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)
=4.852/131.7762*131.7762
=4.852

Current CPI (Mar. 2024) = 131.7762.

HIM International Music Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.690 100.560 4.835
201409 5.663 100.428 7.431
201412 4.879 99.070 6.490
201503 3.732 99.621 4.937
201506 5.136 100.684 6.722
201509 4.851 100.392 6.368
201512 5.790 99.792 7.646
201603 4.582 100.470 6.010
201606 6.229 101.688 8.072
201609 8.299 101.861 10.736
201612 11.052 101.863 14.298
201703 4.708 102.862 6.031
201706 6.368 103.349 8.120
201709 7.613 104.136 9.634
201712 9.013 104.011 11.419
201803 6.124 105.290 7.665
201806 9.560 106.317 11.849
201809 7.621 106.507 9.429
201812 8.036 105.998 9.990
201903 6.147 107.251 7.553
201906 7.268 108.070 8.862
201909 7.347 108.329 8.937
201912 7.543 108.420 9.168
202003 5.931 108.902 7.177
202006 5.134 108.767 6.220
202009 5.285 109.815 6.342
202012 5.625 109.897 6.745
202103 4.487 111.754 5.291
202106 3.462 114.631 3.980
202109 3.441 115.734 3.918
202112 4.407 117.630 4.937
202203 4.163 121.301 4.523
202206 3.684 125.017 3.883
202209 4.274 125.227 4.498
202212 4.809 125.222 5.061
202303 4.617 127.348 4.778
202306 5.773 128.729 5.910
202309 5.084 129.860 5.159
202312 7.110 129.419 7.239
202403 4.852 131.776 4.852

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.


HIM International Music  (ROCO:8446) 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.


HIM International Music Cyclically Adjusted PS Ratio Related Terms

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


HIM International Music (ROCO:8446) Business Description

Traded in Other Exchanges
N/A
Address
Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN
HIM International Music Inc is a Taiwan based media company. The company is engaged in organizing media activities such as live events, autograph sessions, and endorsement activities. It also provides music records and albums. The company also arrange concerts in Taiwan.

HIM International Music (ROCO:8446) Headlines

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