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FormFactor (FRA:FMF) Cyclically Adjusted PS Ratio : 4.74 (As of Sep. 26, 2024)


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What is FormFactor Cyclically Adjusted PS Ratio?

As of today (2024-09-26), FormFactor's current share price is €39.60. FormFactor's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was €8.36. FormFactor's Cyclically Adjusted PS Ratio for today is 4.74.

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

FRA:FMF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.1   Med: 3.35   Max: 8.24
Current: 4.87

During the past years, FormFactor's highest Cyclically Adjusted PS Ratio was 8.24. The lowest was 1.10. And the median was 3.35.

FRA:FMF's Cyclically Adjusted PS Ratio is ranked worse than
73.49% of 562 companies
in the Semiconductors industry
Industry Median: 2.38 vs FRA:FMF: 4.87

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.

FormFactor's adjusted revenue per share data for the three months ended in Jun. 2024 was €2.331. 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 €8.36 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FormFactor Cyclically Adjusted PS Ratio Historical Data

The historical data trend for FormFactor'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.

FormFactor Cyclically Adjusted PS Ratio Chart

FormFactor 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 4.63 7.03 6.42 2.75 4.82

FormFactor Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.05 4.07 4.82 5.13 6.70

Competitive Comparison of FormFactor's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, FormFactor'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.


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

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

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



FormFactor 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.60/8.36
=4.74

* 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.

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

For example, FormFactor's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.331/132.5538*132.5538
=2.331

Current CPI (Jun. 2024) = 132.5538.

FormFactor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 1.019 100.428 1.345
201412 1.024 99.070 1.370
201503 1.112 99.621 1.480
201506 1.114 100.684 1.467
201509 1.008 100.392 1.331
201512 1.134 99.792 1.506
201603 0.824 100.470 1.087
201606 1.233 101.688 1.607
201609 1.558 101.861 2.027
201612 1.648 101.863 2.145
201703 1.652 102.862 2.129
201706 1.742 103.349 2.234
201709 1.632 104.136 2.077
201712 1.460 104.011 1.861
201803 1.290 105.290 1.624
201806 1.556 106.317 1.940
201809 1.543 106.507 1.920
201812 1.612 105.998 2.016
201903 1.539 107.251 1.902
201906 1.603 108.070 1.966
201909 1.652 108.329 2.021
201912 2.039 108.420 2.493
202003 1.853 108.902 2.255
202006 1.777 108.767 2.166
202009 1.918 109.815 2.315
202012 2.014 109.897 2.429
202103 1.960 111.754 2.325
202106 1.964 114.631 2.271
202109 2.043 115.734 2.340
202112 2.298 117.630 2.590
202203 2.253 121.301 2.462
202206 2.435 125.017 2.582
202209 2.351 125.227 2.489
202212 2.026 125.222 2.145
202303 2.024 127.348 2.107
202306 1.854 128.729 1.909
202309 2.050 129.860 2.093
202312 1.951 129.419 1.998
202403 1.978 131.776 1.990
202406 2.331 132.554 2.331

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.


FormFactor  (FRA:FMF) 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.


FormFactor Cyclically Adjusted PS Ratio Related Terms

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


FormFactor Business Description

Industry
Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

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