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Meere Co (XKRX:049950) Cyclically Adjusted PS Ratio : 1.62 (As of Jun. 09, 2024)


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What is Meere Co Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Meere Co's current share price is ₩26250.00. Meere Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₩16,170.40. Meere Co's Cyclically Adjusted PS Ratio for today is 1.62.

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

XKRX:049950' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.37   Max: 11.74
Current: 1.62

During the past years, Meere Co's highest Cyclically Adjusted PS Ratio was 11.74. The lowest was 0.91. And the median was 2.37.

XKRX:049950's Cyclically Adjusted PS Ratio is ranked better than
61.76% of 680 companies
in the Semiconductors industry
Industry Median: 2.33 vs XKRX:049950: 1.62

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.

Meere Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ₩884.819. 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 ₩16,170.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meere Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Meere Co'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.

Meere Co Cyclically Adjusted PS Ratio Chart

Meere Co 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 2.41 2.79 2.28 1.16 2.16

Meere Co 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 2.88 2.37 1.98 2.16 1.72

Competitive Comparison of Meere Co's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Meere Co'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.


Meere Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Meere Co 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.

Meere Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26250.00/16170.4
=1.62

* 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.

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

For example, Meere Co'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)
=884.819/118.8477*118.8477
=884.819

Current CPI (Mar. 2024) = 118.8477.

Meere Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1,137.478 99.353 1,360.670
201409 2,001.395 99.608 2,387.973
201412 1,450.723 99.098 1,739.844
201503 1,548.755 99.720 1,845.828
201506 1,716.319 100.050 2,038.786
201509 3,008.130 100.110 3,571.165
201512 2,393.734 100.220 2,838.653
201603 2,523.525 100.560 2,982.450
201606 2,487.047 100.790 2,932.630
201609 2,125.272 101.460 2,489.490
201612 2,998.638 101.560 3,509.071
201703 6,136.331 102.850 7,090.800
201706 6,793.841 102.610 7,868.944
201709 4,895.923 103.490 5,622.468
201712 5,686.744 102.990 6,562.350
201803 7,191.359 104.100 8,210.149
201806 10,588.798 104.130 12,085.415
201809 5,183.118 105.650 5,830.588
201812 4,497.327 104.350 5,122.156
201903 3,906.304 104.490 4,443.059
201906 5,318.189 104.880 6,026.454
201909 1,424.345 105.200 1,609.127
201912 1,994.483 105.120 2,254.944
202003 1,200.599 105.540 1,351.984
202006 1,246.564 104.870 1,412.713
202009 2,019.083 106.200 2,259.542
202012 3,020.911 105.765 3,394.573
202103 2,752.805 107.357 3,047.439
202106 5,157.929 107.579 5,698.234
202109 4,271.576 108.759 4,667.807
202112 2,817.304 109.676 3,052.891
202203 6,282.445 111.806 6,678.134
202206 4,455.669 114.083 4,641.769
202209 3,906.847 114.831 4,043.495
202212 5,528.323 115.200 5,703.362
202303 4,560.607 116.550 4,650.532
202306 2,509.611 117.140 2,546.199
202309 5,541.215 119.111 5,528.957
202312 1,718.716 118.848 1,718.716
202403 884.819 118.848 884.819

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.


Meere Co  (XKRX:049950) 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.


Meere Co Cyclically Adjusted PS Ratio Related Terms

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


Meere Co (XKRX:049950) Business Description

Industry
Traded in Other Exchanges
N/A
Address
69-12, Jeongmunsongsan-ro, Yanggam-Myeon, Hwaseong, Gyeonggi, KOR
Meere Co Inc designs & develops components & equipment for liquid crystal display, semi-conductor automation & solar battery. Its products include grinder, inspection, laser machine, wafer sorter, auto packing machine, memory repair, three dimensional (3D) thickness metrology and 3-dimensional surface profiler, laser scriber, cell counter, surgical robot, and time of flight 3D range camera.

Meere Co (XKRX:049950) Headlines

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