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SUMCO (TSE:3436) Cyclically Adjusted PS Ratio : 2.33 (As of May. 21, 2024)


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What is SUMCO Cyclically Adjusted PS Ratio?

As of today (2024-05-21), SUMCO's current share price is 円2477.50. SUMCO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,062.45. SUMCO's Cyclically Adjusted PS Ratio for today is 2.33.

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

TSE:3436' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.99   Max: 3.71
Current: 2.33

During the past years, SUMCO's highest Cyclically Adjusted PS Ratio was 3.71. The lowest was 1.16. And the median was 1.99.

TSE:3436's Cyclically Adjusted PS Ratio is ranked worse than
50.15% of 684 companies
in the Semiconductors industry
Industry Median: 2.325 vs TSE:3436: 2.33

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.

SUMCO's adjusted revenue per share data for the three months ended in Mar. 2024 was 円267.422. 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 円1,062.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SUMCO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SUMCO'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.

SUMCO Cyclically Adjusted PS Ratio Chart

SUMCO 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 1.97 2.51 2.58 1.78 2.01

SUMCO 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 1.98 1.99 1.88 2.01 2.27

Competitive Comparison of SUMCO's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, SUMCO'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.


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

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

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



SUMCO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2477.50/1062.45
=2.33

* 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.

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

For example, SUMCO'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)
=267.422/107.2000*107.2000
=267.422

Current CPI (Mar. 2024) = 107.2000.

SUMCO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 189.597 98.000 207.396
201409 190.787 98.500 207.638
201412 188.902 97.900 206.847
201503 212.415 97.900 232.593
201506 212.750 98.400 231.776
201509 200.711 98.500 218.439
201512 186.899 98.100 204.236
201603 176.552 97.900 193.324
201606 175.382 98.100 191.651
201609 177.991 98.000 194.700
201612 190.757 98.400 207.817
201703 205.249 98.100 224.288
201706 217.538 98.500 236.752
201709 226.444 98.800 245.696
201712 239.438 99.400 258.227
201803 263.535 99.200 284.788
201806 278.691 99.200 301.166
201809 284.484 99.900 305.272
201812 281.654 99.700 302.842
201903 279.949 99.700 301.008
201906 253.630 99.800 272.436
201909 245.583 100.100 263.002
201912 241.917 100.500 258.045
202003 246.845 100.300 263.826
202006 257.228 99.900 276.024
202009 245.916 99.900 263.886
202012 249.294 99.300 269.127
202103 261.060 99.900 280.136
202106 282.045 99.500 303.872
202109 298.746 100.100 319.936
202112 260.479 100.100 278.955
202203 286.860 101.100 304.168
202206 305.463 101.800 321.666
202209 331.973 103.100 345.175
202212 335.340 104.100 345.326
202303 313.987 104.400 322.408
202306 316.166 105.200 322.177
202309 286.126 106.200 288.820
202312 300.526 106.800 301.652
202403 267.422 107.200 267.422

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.


SUMCO  (TSE:3436) 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.


SUMCO Cyclically Adjusted PS Ratio Related Terms

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


SUMCO (TSE:3436) Business Description

Industry
Traded in Other Exchanges
Address
1-2-1 Shibaura, Seavans North, Minato-ku, Tokyo, JPN, 105-8634
Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with 22% market share in 2022. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the U.S., the U.K., Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung and Micron. The firm employs over 9,000 people.

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