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MegaChips (FRA:MHC) Cyclically Adjusted PS Ratio : 1.12 (As of May. 17, 2024)


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What is MegaChips Cyclically Adjusted PS Ratio?

As of today (2024-05-17), MegaChips's current share price is €25.40. MegaChips's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €22.62. MegaChips's Cyclically Adjusted PS Ratio for today is 1.12.

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

FRA:MHC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.99   Max: 1.62
Current: 1.16

During the past years, MegaChips's highest Cyclically Adjusted PS Ratio was 1.62. The lowest was 0.38. And the median was 0.99.

FRA:MHC's Cyclically Adjusted PS Ratio is ranked better than
74.27% of 684 companies
in the Semiconductors industry
Industry Median: 2.335 vs FRA:MHC: 1.16

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.

MegaChips's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.846. 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 €22.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MegaChips Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MegaChips'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.

MegaChips Cyclically Adjusted PS Ratio Chart

MegaChips Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.55 1.16 1.14 0.92

MegaChips 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 0.70 0.92 1.04 1.15 1.28

Competitive Comparison of MegaChips's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, MegaChips'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.


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

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

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



MegaChips 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.40/22.62
=1.12

* 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.

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

For example, MegaChips'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)
=3.846/106.8000*106.8000
=3.846

Current CPI (Dec. 2023) = 106.8000.

MegaChips Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.555 95.700 3.967
201406 4.192 98.000 4.568
201409 5.311 98.500 5.759
201412 5.913 97.900 6.451
201503 4.611 97.900 5.030
201506 4.138 98.400 4.491
201509 5.290 98.500 5.736
201512 4.961 98.100 5.401
201603 4.447 97.900 4.851
201606 4.043 98.100 4.402
201609 7.851 98.000 8.556
201612 7.341 98.400 7.968
201703 7.165 98.100 7.800
201706 7.149 98.500 7.751
201709 8.832 98.800 9.547
201712 7.787 99.400 8.367
201803 7.599 99.200 8.181
201806 9.565 99.200 10.298
201809 10.677 99.900 11.414
201812 8.680 99.700 9.298
201903 5.090 99.700 5.452
201906 5.659 99.800 6.056
201909 7.466 100.100 7.966
201912 6.413 100.500 6.815
202003 5.625 100.300 5.990
202006 8.006 99.900 8.559
202009 9.164 99.900 9.797
202012 8.512 99.300 9.155
202103 5.152 99.900 5.508
202106 6.041 99.500 6.484
202109 8.066 100.100 8.606
202112 8.695 100.100 9.277
202203 5.503 101.100 5.813
202206 5.498 101.800 5.768
202209 7.749 103.100 8.027
202212 7.316 104.100 7.506
202303 5.334 104.400 5.457
202306 5.951 105.200 6.042
202309 6.616 106.200 6.653
202312 3.846 106.800 3.846

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.


MegaChips  (FRA:MHC) 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.


MegaChips Cyclically Adjusted PS Ratio Related Terms

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


MegaChips (FRA:MHC) Business Description

Industry
Traded in Other Exchanges
Address
1-1-1 Miyahara, Yodogawa-ku, Shin-Osaka Hankyu Building, Osaka, JPN, 532-0003
MegaChips Corp. is engaged in the design, development, manufacture, and sale of system large scale integration (LSI), based on its basic image, audio and communications technologies and electronic devices and system equipment that contain its system LSIs. The company's main products Include LSIs for entertainment devices such as game consoles, image processing LSIs for digital cameras, LSIs for liquid crystal display (LCD) panels, and video surveillance system equipment for security field, among others. Geographically all the operations are functioned through the region of Japan and it derives revenue through the sale of LSI products.

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