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AUO (TPE:2409) Cyclically Adjusted PS Ratio : 0.38 (As of May. 06, 2024)


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What is AUO Cyclically Adjusted PS Ratio?

As of today (2024-05-06), AUO's current share price is NT$18.25. AUO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was NT$48.15. AUO's Cyclically Adjusted PS Ratio for today is 0.38.

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

TPE:2409' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.28   Max: 0.82
Current: 0.38

During the past years, AUO's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.16. And the median was 0.28.

TPE:2409's Cyclically Adjusted PS Ratio is ranked better than
78.09% of 1912 companies
in the Hardware industry
Industry Median: 1.03 vs TPE:2409: 0.38

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.

AUO's adjusted revenue per share data for the three months ended in Dec. 2023 was NT$8.261. 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$48.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AUO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AUO'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.

AUO Cyclically Adjusted PS Ratio Chart

AUO 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 0.23 0.35 0.56 0.30 0.38

AUO Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.30 0.37 0.37 0.33 0.38

Competitive Comparison of AUO's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, AUO'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.


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

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

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



AUO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.25/48.15
=0.38

* 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.

AUO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AUO's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.261/129.4194*129.4194
=8.261

Current CPI (Dec. 2023) = 129.4194.

AUO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 12.183 99.695 15.815
201406 13.254 100.560 17.058
201409 13.883 100.428 17.891
201412 13.696 99.070 17.892
201503 12.378 99.621 16.080
201506 11.989 100.684 15.411
201509 11.598 100.392 14.952
201512 10.838 99.792 14.056
201603 9.239 100.470 11.901
201606 10.403 101.688 13.240
201609 11.172 101.861 14.195
201612 11.928 101.863 15.155
201703 11.502 102.862 14.472
201706 10.964 103.349 13.730
201709 11.351 104.136 14.107
201712 10.476 104.011 13.035
201803 9.669 105.290 11.885
201806 9.748 106.317 11.866
201809 10.526 106.507 12.790
201812 10.013 105.998 12.225
201903 8.664 107.251 10.455
201906 9.100 108.070 10.898
201909 9.005 108.329 10.758
201912 8.053 108.420 9.613
202003 7.065 108.902 8.396
202006 8.310 108.767 9.888
202009 9.490 109.815 11.184
202012 10.517 109.897 12.385
202103 10.833 111.754 12.545
202106 12.489 114.631 14.100
202109 10.311 115.734 11.530
202112 9.508 117.630 10.461
202203 8.241 121.301 8.793
202206 6.587 125.017 6.819
202209 5.867 125.227 6.063
202212 6.884 125.222 7.115
202303 6.681 127.348 6.790
202306 8.298 128.729 8.343
202309 9.345 129.860 9.313
202312 8.261 129.419 8.261

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.


AUO  (TPE:2409) 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.


AUO Cyclically Adjusted PS Ratio Related Terms

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


AUO (TPE:2409) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (TPE:2409) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).

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