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Delta Electronics (TPE:2308) Cyclically Adjusted PS Ratio : 2.91 (As of Jun. 14, 2024)


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What is Delta Electronics Cyclically Adjusted PS Ratio?

As of today (2024-06-14), Delta Electronics's current share price is NT$353.50. Delta Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$121.57. Delta Electronics's Cyclically Adjusted PS Ratio for today is 2.91.

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

TPE:2308' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.52   Max: 3.45
Current: 2.84

During the past years, Delta Electronics's highest Cyclically Adjusted PS Ratio was 3.45. The lowest was 1.36. And the median was 2.52.

TPE:2308's Cyclically Adjusted PS Ratio is ranked worse than
78.68% of 1923 companies
in the Hardware industry
Industry Median: 1.08 vs TPE:2308: 2.84

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.

Delta Electronics's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$15.840. 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$121.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Delta Electronics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Delta Electronics'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.

Delta Electronics Cyclically Adjusted PS Ratio Chart

Delta Electronics 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 1.76 2.93 2.74 2.54 2.61

Delta Electronics 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 2.65 2.95 2.72 2.61 2.81

Competitive Comparison of Delta Electronics's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Delta Electronics'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.


Delta Electronics's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Delta Electronics 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.

Delta Electronics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=353.50/121.57
=2.91

* 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.

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

For example, Delta Electronics'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)
=15.84/131.7762*131.7762
=15.840

Current CPI (Mar. 2024) = 131.7762.

Delta Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 19.385 100.560 25.403
201409 20.508 100.428 26.910
201412 20.261 99.070 26.950
201503 17.593 99.621 23.272
201506 19.777 100.684 25.884
201509 22.758 100.392 29.873
201512 22.325 99.792 29.480
201603 18.022 100.470 23.638
201606 20.241 101.688 26.230
201609 21.855 101.861 28.274
201612 21.602 101.863 27.946
201703 18.489 102.862 23.686
201706 20.593 103.349 26.257
201709 22.874 104.136 28.945
201712 23.325 104.011 29.551
201803 19.464 105.290 24.360
201806 22.260 106.317 27.591
201809 24.443 106.507 30.242
201812 24.630 105.998 30.620
201903 20.740 107.251 25.483
201906 28.180 108.070 34.362
201909 27.687 108.329 33.680
201912 26.077 108.420 31.695
202003 21.338 108.902 25.820
202006 27.171 108.767 32.919
202009 29.721 109.815 35.665
202012 30.130 109.897 36.129
202103 27.830 111.754 32.816
202106 30.306 114.631 34.839
202109 30.514 115.734 34.744
202112 32.081 117.630 35.939
202203 31.676 121.301 34.411
202206 34.569 125.017 36.438
202209 40.795 125.227 42.929
202212 40.437 125.222 42.554
202303 13.443 127.348 13.910
202306 38.620 128.729 39.534
202309 41.334 129.860 41.944
202312 38.226 129.419 38.922
202403 15.840 131.776 15.840

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.


Delta Electronics  (TPE:2308) 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.


Delta Electronics Cyclically Adjusted PS Ratio Related Terms

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


Delta Electronics (TPE:2308) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491
Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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