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Teradyne (Teradyne) Cyclically Adjusted PS Ratio : 7.72 (As of Apr. 30, 2024)


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What is Teradyne Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Teradyne's current share price is $118.07. Teradyne's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $15.30. Teradyne's Cyclically Adjusted PS Ratio for today is 7.72.

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

TER' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.19   Med: 5.26   Max: 14.15
Current: 7.73

During the past years, Teradyne's highest Cyclically Adjusted PS Ratio was 14.15. The lowest was 2.19. And the median was 5.26.

TER's Cyclically Adjusted PS Ratio is ranked worse than
84.59% of 675 companies
in the Semiconductors industry
Industry Median: 2.28 vs TER: 7.73

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.

Teradyne's adjusted revenue per share data for the three months ended in Mar. 2024 was $3.695. 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 $15.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teradyne Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Teradyne'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.

Teradyne Cyclically Adjusted PS Ratio Chart

Teradyne 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 7.52 11.89 13.54 6.33 7.18

Teradyne 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 7.54 7.63 6.74 7.18 7.37

Competitive Comparison of Teradyne's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Teradyne'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.


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

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

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



Teradyne 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=118.07/15.3
=7.72

* 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.

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

For example, Teradyne'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)
=3.695/129.4194*129.4194
=3.695

Current CPI (Mar. 2024) = 129.4194.

Teradyne Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.427 100.560 3.124
201409 2.189 100.428 2.821
201412 1.477 99.070 1.929
201503 1.565 99.621 2.033
201506 2.379 100.684 3.058
201509 2.201 100.392 2.837
201512 1.537 99.792 1.993
201603 2.095 100.470 2.699
201606 2.619 101.688 3.333
201609 2.013 101.861 2.558
201612 1.892 101.863 2.404
201703 2.263 102.862 2.847
201706 3.458 103.349 4.330
201709 2.507 104.136 3.116
201712 2.370 104.011 2.949
201803 2.396 105.290 2.945
201806 2.703 106.317 3.290
201809 2.976 106.507 3.616
201812 2.862 105.998 3.494
201903 2.792 107.251 3.369
201906 3.159 108.070 3.783
201909 3.225 108.329 3.853
201912 3.601 108.420 4.298
202003 3.897 108.902 4.631
202006 4.653 108.767 5.536
202009 4.446 109.815 5.240
202012 4.062 109.897 4.784
202103 4.163 111.754 4.821
202106 5.814 114.631 6.564
202109 5.223 115.734 5.841
202112 4.971 117.630 5.469
202203 4.302 121.301 4.590
202206 4.912 125.017 5.085
202209 4.960 125.227 5.126
202212 4.423 125.222 4.571
202303 3.713 127.348 3.773
202306 4.154 128.729 4.176
202309 4.290 129.860 4.275
202312 4.137 129.419 4.137
202403 3.695 129.419 3.695

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.


Teradyne  (NAS:TER) 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.


Teradyne Cyclically Adjusted PS Ratio Related Terms

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


Teradyne (Teradyne) Business Description

Industry
Traded in Other Exchanges
Address
600 Riverpark Drive, North Reading, MA, USA, 01864
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
Executives
Brad Robbins officer: President, LitePoint Corp. C O LITEPOINT, 965 WEST MAUDE AVE, SUNNYVALE CA 94085
Richard John Burns officer: President, Semiconductor Test MINDSPEED TECHNOLOGIES, INC., 9 TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Ujjwal Kumar officer: President, Teradyne Robotics C/O TERADYNE, INC., 600 RIVERPARK DRIVE, NORTH READING MA 01864
Sanjay Mehta officer: VP and Chief Financial Officer C/O TERADYNE INC., 600 RIVERPARK DRIVE, NORTH READING MA 01864
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Charles Jeffrey Gray officer: VP, General Counsel, Secretary 600 RIVERPARK DRIVE, NORTH READING MA 01864
Mark E Jagiela director, officer: President and CEO 321 HARRISON AVE, C/O TERADYNE INC, BOSTON MA 02118
Ernest E Maddock director LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Peter Herweck director 600 RIVERPARK DRIVE, NORTH READING MA 01864
Paul J Tufano director C/O SOLECTRON CORPORATION, 847 GIBRALTAR DR., MILPITAS CA 95035
Gregory Stephen Smith officer: President, Semiconductor Test 1 HUCKLEBERRY RD, HOPKINTON MA 01748-1054
Ford Tamer director 3945 FREEDOM CIRCLE SUITE 1100, SANTA CLARA CA 95054
Timothy E Guertin director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Marilyn Matz director C/O LOGMEIN, INC., 320 SUMMER STREET, BOSTON MA 02210
Edwin J Gillis director C/O VERITAS SOFTWARE CORP, 350 ELLIS STREET, MOUNTAIN VIEW CA 94043

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