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Tower Semiconductor (Tower Semiconductor) Cyclically Adjusted Revenue per Share : $16.36 (As of Dec. 2023)


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What is Tower Semiconductor Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Tower Semiconductor's adjusted revenue per share for the three months ended in Dec. 2023 was $3.160. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $16.36 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Tower Semiconductor's average Cyclically Adjusted Revenue Growth Rate was 0.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -5.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Tower Semiconductor was -2.60% per year. The lowest was -17.50% per year. And the median was -7.50% per year.

As of today (2024-04-28), Tower Semiconductor's current stock price is $32.36. Tower Semiconductor's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $16.36. Tower Semiconductor's Cyclically Adjusted PS Ratio of today is 1.98.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 2.77. The lowest was 0.11. And the median was 0.96.


Tower Semiconductor Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Tower Semiconductor's Cyclically Adjusted Revenue per Share 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.

Tower Semiconductor Cyclically Adjusted Revenue per Share Chart

Tower Semiconductor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.35 19.93 19.93 16.70 16.36

Tower Semiconductor Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 16.70 16.45 16.34 15.77 16.36

Competitive Comparison of Tower Semiconductor's Cyclically Adjusted Revenue per Share

For the Semiconductors subindustry, Tower Semiconductor'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.


Tower Semiconductor's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Tower Semiconductor Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Tower Semiconductor's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.16/129.4194*129.4194
=3.160

Current CPI (Dec. 2023) = 129.4194.

Tower Semiconductor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.771 99.695 3.597
201406 4.668 100.560 6.008
201409 4.251 100.428 5.478
201412 4.228 99.070 5.523
201503 3.558 99.621 4.622
201506 2.690 100.684 3.458
201509 2.812 100.392 3.625
201512 2.862 99.792 3.712
201603 2.815 100.470 3.626
201606 3.045 101.688 3.875
201609 3.204 101.861 4.071
201612 3.278 101.863 4.165
201703 3.146 102.862 3.958
201706 3.266 103.349 4.090
201709 3.333 104.136 4.142
201712 3.349 104.011 4.167
201803 3.093 105.290 3.802
201806 3.316 106.317 4.037
201809 3.160 106.507 3.840
201812 3.154 105.998 3.851
201903 2.899 107.251 3.498
201906 2.856 108.070 3.420
201909 2.901 108.329 3.466
201912 2.831 108.420 3.379
202003 2.776 108.902 3.299
202006 2.864 108.767 3.408
202009 2.859 109.815 3.369
202012 3.168 109.897 3.731
202103 3.172 111.754 3.673
202106 3.303 114.631 3.729
202109 3.521 115.734 3.937
202112 3.737 117.630 4.112
202203 3.810 121.301 4.065
202206 3.855 125.017 3.991
202209 3.854 125.227 3.983
202212 3.635 125.222 3.757
202303 3.202 127.348 3.254
202306 3.211 128.729 3.228
202309 3.220 129.860 3.209
202312 3.160 129.419 3.160

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Tower Semiconductor  (NAS:TSEM) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Tower Semiconductor's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=32.36/16.36
=1.98

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 2.77. The lowest was 0.11. And the median was 0.96.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Tower Semiconductor Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Tower Semiconductor's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tower Semiconductor (Tower Semiconductor) Business Description

Industry
Traded in Other Exchanges
Address
20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.