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Fabrinet (Fabrinet) Cyclically Adjusted PS Ratio : 3.49 (As of Apr. 29, 2024)


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What is Fabrinet Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Fabrinet's current share price is $176.00. Fabrinet's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $50.37. Fabrinet's Cyclically Adjusted PS Ratio for today is 3.49.

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

FN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.08   Med: 2.23   Max: 4.44
Current: 3.48

During the past years, Fabrinet's highest Cyclically Adjusted PS Ratio was 4.44. The lowest was 1.08. And the median was 2.23.

FN's Cyclically Adjusted PS Ratio is ranked worse than
83.02% of 1896 companies
in the Hardware industry
Industry Median: 1.02 vs FN: 3.48

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.

Fabrinet's adjusted revenue per share data for the three months ended in Dec. 2023 was $19.452. 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 $50.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fabrinet Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fabrinet'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.

Fabrinet Cyclically Adjusted PS Ratio Chart

Fabrinet Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 2.07 2.80 1.95 2.73

Fabrinet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.59 2.73 3.38 3.78

Competitive Comparison of Fabrinet's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Fabrinet'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.


Fabrinet's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Fabrinet 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=176.00/50.37
=3.49

* 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.

Fabrinet's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fabrinet'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)
=19.452/129.4194*129.4194
=19.452

Current CPI (Dec. 2023) = 129.4194.

Fabrinet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.684 99.695 6.081
201406 4.466 100.560 5.748
201409 5.320 100.428 6.856
201412 5.244 99.070 6.850
201503 5.247 99.621 6.816
201506 5.684 100.684 7.306
201509 5.960 100.392 7.683
201512 6.328 99.792 8.207
201603 6.764 100.470 8.713
201606 7.418 101.688 9.441
201609 8.895 101.861 11.302
201612 9.289 101.863 11.802
201703 9.686 102.862 12.187
201706 9.708 103.349 12.157
201709 9.363 104.136 11.636
201712 8.834 104.011 10.992
201803 8.730 105.290 10.731
201806 9.144 106.317 11.131
201809 10.156 106.507 12.341
201812 10.757 105.998 13.134
201903 10.628 107.251 12.825
201906 10.800 108.070 12.934
201909 10.640 108.329 12.711
201912 11.287 108.420 13.473
202003 10.879 108.902 12.929
202006 10.782 108.767 12.829
202009 11.680 109.815 13.765
202012 12.086 109.897 14.233
202103 12.745 111.754 14.760
202106 13.524 114.631 15.269
202109 14.555 115.734 16.276
202112 15.089 117.630 16.601
202203 15.061 121.301 16.069
202206 15.793 125.017 16.349
202209 17.831 125.227 18.428
202212 18.102 125.222 18.709
202303 17.986 127.348 18.279
202306 17.854 128.729 17.950
202309 18.790 129.860 18.726
202312 19.452 129.419 19.452

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.


Fabrinet  (NYSE:FN) 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.


Fabrinet Cyclically Adjusted PS Ratio Related Terms

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


Fabrinet (Fabrinet) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fabrinet (NYSE:FN) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
C/o Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.
Executives
Thomas F Kelly director 57 STEVENSON LANE, ATHERTON CA 94027
Edward T. Archer officer: EVP, Sales & Marketing 3736 FALLON ROAD #428, DUBLIN CA 94568
Csaba Sverha officer: Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Seamus Grady director, officer: Chief Executive Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Homa Bahrami director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Rollance E. Olson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Harpal Gill officer: EVP & Chief Operating Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
David T. Mitchell director, 10 percent owner, officer: CEO & President 3736 FALLON ROAD #428, DUBLIN CA 94568
Darlene S. Knight director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Toh-seng Ng officer: EVP & Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Frank H Levinson director 3736 FALLON ROAD #428, DUBLIN CA 94568
Greg Dougherty director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Hong Q Hou officer: EVP & Chief Technical Officer
John Marchetti officer: Chief Strategy Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Paul Kalivas officer: Secretary & General Counsel 4104 24TH STREET #345, SAN FRANCISCO CA 94114