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Acer (TPE:2353) Cyclically Adjusted PS Ratio : 0.46 (As of May. 22, 2024)


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What is Acer Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Acer's current share price is NT$48.25. Acer's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$104.83. Acer's Cyclically Adjusted PS Ratio for today is 0.46.

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

TPE:2353' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.22   Max: 0.5
Current: 0.46

During the past years, Acer's highest Cyclically Adjusted PS Ratio was 0.50. The lowest was 0.10. And the median was 0.22.

TPE:2353's Cyclically Adjusted PS Ratio is ranked better than
74.52% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs TPE:2353: 0.46

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.

Acer's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$19.507. 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$104.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acer Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Acer'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.

Acer Cyclically Adjusted PS Ratio Chart

Acer 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 0.13 0.20 0.27 0.21 0.51

Acer 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 0.26 0.29 0.34 0.51 0.45

Competitive Comparison of Acer's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Acer'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.


Acer's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Acer 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.25/104.83
=0.46

* 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.

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

For example, Acer'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)
=19.507/131.7762*131.7762
=19.507

Current CPI (Mar. 2024) = 131.7762.

Acer Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 28.527 100.560 37.383
201409 30.289 100.428 39.744
201412 28.906 99.070 38.449
201503 22.627 99.621 29.930
201506 19.920 100.684 26.072
201509 21.138 100.392 27.746
201512 22.544 99.792 29.769
201603 18.520 100.470 24.291
201606 17.731 101.688 22.977
201609 18.845 101.861 24.380
201612 20.373 101.863 26.356
201703 18.476 102.862 23.670
201706 17.583 103.349 22.419
201709 20.071 104.136 25.398
201712 22.005 104.011 27.879
201803 18.056 105.290 22.598
201806 19.250 106.317 23.860
201809 21.497 106.507 26.597
201812 20.917 105.998 26.004
201903 18.013 107.251 22.132
201906 17.532 108.070 21.378
201909 20.842 108.329 25.353
201912 20.263 108.420 24.628
202003 16.097 108.902 19.478
202006 21.958 108.767 26.603
202009 26.633 109.815 31.959
202012 27.028 109.897 32.409
202103 23.693 111.754 27.938
202106 26.441 114.631 30.396
202109 26.888 115.734 30.615
202112 28.461 117.630 31.884
202203 25.906 121.301 28.143
202206 23.906 125.017 25.199
202209 21.441 125.227 22.562
202212 19.686 125.222 20.716
202303 17.385 127.348 17.990
202306 19.251 128.729 19.707
202309 22.504 129.860 22.836
202312 20.917 129.419 21.298
202403 19.507 131.776 19.507

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.


Acer  (TPE:2353) 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.


Acer Cyclically Adjusted PS Ratio Related Terms

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


Acer (TPE:2353) Business Description

Industry
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Address
No. 369, Fuxing North Road, Songshan District, Taipei, TWN, 105
Acer Inc is a hardware and electronics company specializing in advanced electronics technology. Its products are sold under three brands: Acer, Gateway, and Packard Bell. It include desktop PCs, clamshell laptops, 2-in-1 laptops, convertible laptops, Chromebooks, tablets, servers, storage devices, virtual reality devices, displays, smartphones, and peripherals. A large majority of the firm's revenue is derived from personal computers and the rest from peripherals and other products. The firm generates revenue in the Americas, Mainland China, Taiwan, and other countries across the world.

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