GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » inTest Corp (AMEX:INTT) » Definitions » Cyclically Adjusted PS Ratio

inTest (inTest) Cyclically Adjusted PS Ratio : 1.31 (As of May. 15, 2024)


View and export this data going back to 1997. Start your Free Trial

What is inTest Cyclically Adjusted PS Ratio?

As of today (2024-05-15), inTest's current share price is $10.16. inTest's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $7.74. inTest's Cyclically Adjusted PS Ratio for today is 1.31.

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

INTT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.15   Max: 3.6
Current: 1.31

During the past years, inTest's highest Cyclically Adjusted PS Ratio was 3.60. The lowest was 0.44. And the median was 1.15.

INTT's Cyclically Adjusted PS Ratio is ranked better than
71.05% of 684 companies
in the Semiconductors industry
Industry Median: 2.29 vs INTT: 1.31

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.

inTest's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.453. 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 $7.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


inTest Cyclically Adjusted PS Ratio Historical Data

The historical data trend for inTest'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.

inTest Cyclically Adjusted PS Ratio Chart

inTest 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 1.14 1.23 2.16 1.51 1.79

inTest 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 2.92 3.58 2.02 1.79 1.71

Competitive Comparison of inTest's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, inTest'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.


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

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

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



inTest 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.16/7.74
=1.31

* 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.

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

For example, inTest'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)
=2.453/129.4194*129.4194
=2.453

Current CPI (Mar. 2024) = 129.4194.

inTest Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.180 100.560 1.519
201409 1.030 100.428 1.327
201412 0.941 99.070 1.229
201503 0.972 99.621 1.263
201506 1.101 100.684 1.415
201509 0.877 100.392 1.131
201512 0.756 99.792 0.980
201603 0.831 100.470 1.070
201606 1.017 101.688 1.294
201609 1.049 101.861 1.333
201612 0.998 101.863 1.268
201703 1.377 102.862 1.733
201706 1.537 103.349 1.925
201709 1.676 104.136 2.083
201712 1.868 104.011 2.324
201803 1.821 105.290 2.238
201806 2.034 106.317 2.476
201809 1.947 106.507 2.366
201812 1.773 105.998 2.165
201903 1.734 107.251 2.092
201906 1.379 108.070 1.651
201909 1.403 108.329 1.676
201912 1.322 108.420 1.578
202003 1.099 108.902 1.306
202006 1.294 108.767 1.540
202009 1.404 109.815 1.655
202012 1.447 109.897 1.704
202103 1.858 111.754 2.152
202106 2.027 114.631 2.288
202109 1.959 115.734 2.191
202112 2.063 117.630 2.270
202203 2.221 121.301 2.370
202206 2.734 125.017 2.830
202209 2.832 125.227 2.927
202212 2.965 125.222 3.064
202303 2.878 127.348 2.925
202306 2.783 128.729 2.798
202309 2.534 129.860 2.525
202312 2.300 129.419 2.300
202403 2.453 129.419 2.453

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.


inTest  (AMEX:INTT) 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.


inTest Cyclically Adjusted PS Ratio Related Terms

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


inTest (inTest) Business Description

Industry
Traded in Other Exchanges
Address
804 East Gate Drive, Suite 200, Mount Laurel, NJ, USA, 08054
inTest Corp is a supplier of test and process solutions for use in manufacturing and testing across a range of markets including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The company manages its business as two operating segments, Thermal Products and Electromechanical Semiconductor Products. The Thermal segment includes designing, manufacturing and selling thermal test and thermal process products. The Electromechanical Semiconductor Products segment includes designing, manufacturing and selling semiconductor test products.
Executives
Dews Joseph W Iv director C/O INTEST CORP, 804 EAST GATE DR., SUITE 200, MT. LAUREL NJ 08054
Scott Eric Nolen officer: Division Pres-Process Tech C/O INTEST CORP, 804 EAST GATE DRIVE, MT LAUREL NJ 08054
Michael Tanniru officer: Div. President, Envir. Tech. C/O INTEST CORP, 804 EAST GATE DR, SUITE 200, MT. LAUREL NJ 08054
Grant Richard N. Jr. director, officer: President & CEO C/O INTEST CORP, 804 EAST GATE DR, SUITE 200, MT. LAUREL NJ 08054
Gregory Martel officer: VP&GM-Environmental Tech C/O INTEST CORP, 804 EAST GATE DRIVE, MT LAUREL NJ 08054
Mcmanus Joseph Richard Jr. officer: Division Pres-Electronic Test C/O INTEST CORP, 804 EAST GATE DRIVE, MT LAUREL NJ 08054
Duncan Gilmour officer: CFO, Treasurer & Secretary 804 EAST GATE DRIVE, SUITE 200, MT. LAUREL NJ 08054
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
James Pelrin officer: GM-Temp Mgmt Product Segment C/O INTEST CORP, 804 EAST GATE DRIVE, SUITE 200, MT. LAUREL NJ 08054
Jeffrey A Beck director C/O INTEST CORP, 804 EAST GATE DR., SUITE 200, MT. LAUREL NJ 08054
William Kraut director C/O INTEST CORP, 804 EAST GATE DR., SUITE 200, MT. LAUREL NJ 08054
Robert E Matthiessen director, officer: President and CEO C/O INTEST CORP, 804 EAST GATE DRIVE, SUITE 200, MT. LAUREL NJ 08054
Nokomis Capital, L.l.c. 10 percent owner 1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Satterfield Thomas A Jr 10 percent owner 2609 CALDWELL MILL LN, BIRMINGHAM AL 35243
Kristen Holt Thompson other: Member of 10% 13d Group C/O INTEST CORP, 804 EAST GATE DR., SUITE 200, MT. LAUREL NJ 08054