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Sitronix Technology (TPE:8016) Cyclically Adjusted PS Ratio : 2.08 (As of Jun. 09, 2024)


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What is Sitronix Technology Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Sitronix Technology's current share price is NT$267.00. Sitronix Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$128.29. Sitronix Technology's Cyclically Adjusted PS Ratio for today is 2.08.

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

TPE:8016' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.27   Med: 2.13   Max: 4.4
Current: 2.08

During the past years, Sitronix Technology's highest Cyclically Adjusted PS Ratio was 4.40. The lowest was 1.27. And the median was 2.13.

TPE:8016's Cyclically Adjusted PS Ratio is ranked better than
53.68% of 680 companies
in the Semiconductors industry
Industry Median: 2.33 vs TPE:8016: 2.08

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.

Sitronix Technology's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$34.463. 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$128.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sitronix Technology Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sitronix Technology'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.

Sitronix Technology Cyclically Adjusted PS Ratio Chart

Sitronix Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.30 2.03 3.21 1.54

Sitronix Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1.54 2.00 1.92 2.23 2.32

Competitive Comparison of Sitronix Technology's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Sitronix Technology'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.


Sitronix Technology's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Sitronix Technology 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.

Sitronix Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=267.00/128.29
=2.08

* 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.

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

For example, Sitronix Technology'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)
=34.463/131.7762*131.7762
=34.463

Current CPI (Mar. 2024) = 131.7762.

Sitronix Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 12.791 99.695 16.907
201406 15.041 100.560 19.710
201409 17.437 100.428 22.880
201412 18.137 99.070 24.125
201503 17.522 99.621 23.178
201506 17.418 100.684 22.797
201509 20.668 100.392 27.129
201512 21.640 99.792 28.576
201603 19.092 100.470 25.041
201606 20.019 101.688 25.942
201609 23.965 101.861 31.003
201612 21.502 101.863 27.816
201703 16.876 102.862 21.620
201706 19.350 103.349 24.672
201709 21.986 104.136 27.822
201712 19.994 104.011 25.331
201803 17.160 105.290 21.477
201806 22.252 106.317 27.581
201809 22.691 106.507 28.075
201812 23.355 105.998 29.035
201903 21.215 107.251 26.066
201906 29.113 108.070 35.499
201909 33.111 108.329 40.278
201912 30.780 108.420 37.411
202003 25.944 108.902 31.394
202006 21.927 108.767 26.565
202009 32.153 109.815 38.583
202012 34.064 109.897 40.846
202103 33.454 111.754 39.448
202106 45.834 114.631 52.689
202109 54.156 115.734 61.663
202112 49.915 117.630 55.918
202203 45.869 121.301 49.830
202206 37.454 125.017 39.479
202209 33.429 125.227 35.177
202212 31.479 125.222 33.127
202303 29.725 127.348 30.759
202306 36.692 128.729 37.561
202309 34.937 129.860 35.453
202403 34.463 131.776 34.463

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.


Sitronix Technology  (TPE:8016) 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.


Sitronix Technology Cyclically Adjusted PS Ratio Related Terms

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


Sitronix Technology (TPE:8016) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302
Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

Sitronix Technology (TPE:8016) Headlines

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