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Ceragon Networks (Ceragon Networks) Cyclically Adjusted PS Ratio : 0.57 (As of May. 16, 2024)


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What is Ceragon Networks Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Ceragon Networks's current share price is $2.71. Ceragon Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $4.76. Ceragon Networks's Cyclically Adjusted PS Ratio for today is 0.57.

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

CRNT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.35   Max: 0.86
Current: 0.56

During the past years, Ceragon Networks's highest Cyclically Adjusted PS Ratio was 0.86. The lowest was 0.12. And the median was 0.35.

CRNT's Cyclically Adjusted PS Ratio is ranked better than
69.83% of 1919 companies
in the Hardware industry
Industry Median: 1.06 vs CRNT: 0.56

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.

Ceragon Networks's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.010. 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 $4.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceragon Networks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ceragon Networks'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.

Ceragon Networks Cyclically Adjusted PS Ratio Chart

Ceragon Networks 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 0.28 0.40 0.41 0.35 0.45

Ceragon Networks 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 0.31 0.40 0.41 0.45 0.67

Competitive Comparison of Ceragon Networks's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Ceragon Networks'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.


Ceragon Networks's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Ceragon Networks 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.

Ceragon Networks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.71/4.76
=0.57

* 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.

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

For example, Ceragon Networks'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)
=1.01/131.7762*131.7762
=1.010

Current CPI (Mar. 2024) = 131.7762.

Ceragon Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.711 100.560 2.242
201409 1.455 100.428 1.909
201412 1.445 99.070 1.922
201503 1.214 99.621 1.606
201506 1.227 100.684 1.606
201509 1.104 100.392 1.449
201512 0.974 99.792 1.286
201603 0.771 100.470 1.011
201606 0.898 101.688 1.164
201609 0.998 101.861 1.291
201612 1.064 101.863 1.376
201703 0.977 102.862 1.252
201706 1.164 103.349 1.484
201709 0.955 104.136 1.208
201712 1.091 104.011 1.382
201803 1.040 105.290 1.302
201806 1.092 106.317 1.353
201809 1.066 106.507 1.319
201812 1.046 105.998 1.300
201903 0.840 107.251 1.032
201906 0.890 108.070 1.085
201909 0.884 108.329 1.075
201912 0.884 108.420 1.074
202003 0.692 108.902 0.837
202006 0.771 108.767 0.934
202009 0.861 109.815 1.033
202012 0.908 109.897 1.089
202103 0.827 111.754 0.975
202106 0.823 114.631 0.946
202109 0.899 115.734 1.024
202112 0.927 117.630 1.038
202203 0.838 121.301 0.910
202206 0.841 125.017 0.886
202209 0.934 125.227 0.983
202212 0.895 125.222 0.942
202303 0.981 127.348 1.015
202306 1.010 128.729 1.034
202309 1.021 129.860 1.036
202312 1.049 129.419 1.068
202403 1.010 131.776 1.010

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.


Ceragon Networks  (NAS:CRNT) 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.


Ceragon Networks Cyclically Adjusted PS Ratio Related Terms

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


Ceragon Networks (Ceragon Networks) Business Description

Industry
Traded in Other Exchanges
Address
Building. A, 7th floor, Nitzba City, Plot 300, PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.