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Benchmark Electronics (FRA:BMU) Cyclically Adjusted PS Ratio : 0.61 (As of May. 22, 2024)


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What is Benchmark Electronics Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Benchmark Electronics's current share price is €39.20. Benchmark Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €64.79. Benchmark Electronics's Cyclically Adjusted PS Ratio for today is 0.61.

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

FRA:BMU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.51   Max: 0.77
Current: 0.6

During the past years, Benchmark Electronics's highest Cyclically Adjusted PS Ratio was 0.77. The lowest was 0.32. And the median was 0.51.

FRA:BMU's Cyclically Adjusted PS Ratio is ranked better than
68.07% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs FRA:BMU: 0.60

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.

Benchmark Electronics's adjusted revenue per share data for the three months ended in Mar. 2024 was €17.075. 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 €64.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Benchmark Electronics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Benchmark Electronics'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.

Benchmark Electronics Cyclically Adjusted PS Ratio Chart

Benchmark Electronics 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 0.67 0.51 0.46 0.41 0.40

Benchmark Electronics 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 0.36 0.38 0.35 0.40 0.43

Competitive Comparison of Benchmark Electronics's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Benchmark Electronics'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.


Benchmark Electronics's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Benchmark Electronics 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.

Benchmark Electronics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.20/64.79
=0.61

* 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.

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

For example, Benchmark Electronics'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)
=17.075/131.7762*131.7762
=17.075

Current CPI (Mar. 2024) = 131.7762.

Benchmark Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.698 100.560 12.709
201409 10.458 100.428 13.722
201412 10.710 99.070 14.246
201503 10.816 99.621 14.307
201506 11.233 100.684 14.702
201509 10.884 100.392 14.287
201512 11.261 99.792 14.870
201603 9.808 100.470 12.864
201606 10.381 101.688 13.453
201609 10.356 101.861 13.397
201612 11.822 101.863 15.294
201703 10.416 102.862 13.344
201706 10.977 103.349 13.996
201709 10.184 104.136 12.887
201712 11.353 104.011 14.384
201803 10.165 105.290 12.722
201806 11.872 106.317 14.715
201809 11.819 106.507 14.623
201812 13.015 105.998 16.180
201903 13.059 107.251 16.045
201906 13.799 108.070 16.826
201909 13.392 108.329 16.291
201912 12.203 108.420 14.832
202003 12.572 108.902 15.213
202006 11.965 108.767 14.496
202009 12.219 109.815 14.663
202012 11.642 109.897 13.960
202103 11.572 111.754 13.645
202106 12.536 114.631 14.411
202109 13.629 115.734 15.518
202112 15.763 117.630 17.659
202203 16.283 121.301 17.689
202206 19.490 125.017 20.544
202209 22.046 125.227 23.199
202212 19.651 125.222 20.680
202303 18.230 127.348 18.864
202306 18.970 128.729 19.419
202309 18.797 129.860 19.074
202312 17.486 129.419 17.804
202403 17.075 131.776 17.075

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.


Benchmark Electronics  (FRA:BMU) 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.


Benchmark Electronics Cyclically Adjusted PS Ratio Related Terms

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


Benchmark Electronics (FRA:BMU) Business Description

Traded in Other Exchanges
Address
56 South Rockford Drive, Tempe, AZ, USA, 85288
Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.

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