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Polycom (FRA:PLY) Cyclically Adjusted PS Ratio : (As of May. 24, 2024)


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What is Polycom Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Polycom Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Polycom'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.

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Polycom Cyclically Adjusted PS Ratio Chart

Polycom Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PS Ratio
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Polycom Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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Competitive Comparison of Polycom's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Polycom'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.


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

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

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



Polycom 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.

Polycom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, Polycom's adjusted Revenue per Share data for the three months ended in Jun. 2016 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=1.887/101.6881*101.6881
=1.887

Current CPI (Jun. 2016) = 101.6881.

Polycom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200609 0.752 85.606 0.893
200612 0.781 85.142 0.933
200703 0.766 86.640 0.899
200706 0.912 87.906 1.055
200709 0.913 87.964 1.055
200712 0.958 88.616 1.099
200803 0.924 90.090 1.043
200806 0.990 92.320 1.090
200809 1.115 92.307 1.228
200812 1.116 88.697 1.279
200903 1.025 89.744 1.161
200906 0.968 91.003 1.082
200909 0.967 91.120 1.079
200912 1.074 91.111 1.199
201003 1.165 91.821 1.290
201006 1.366 91.962 1.510
201009 1.336 92.162 1.474
201012 1.029 92.474 1.132
201103 1.359 94.283 1.466
201106 1.296 95.235 1.384
201109 1.415 95.727 1.503
201112 1.620 95.213 1.730
201203 1.450 96.783 1.523
201206 1.596 96.819 1.676
201209 1.472 97.633 1.533
201212 1.521 96.871 1.597
201303 1.460 98.209 1.512
201306 1.490 98.518 1.538
201309 1.478 98.790 1.521
201312 1.518 98.326 1.570
201403 1.736 99.695 1.771
201406 1.710 100.560 1.729
201409 1.832 100.428 1.855
201412 1.993 99.070 2.046
201503 2.195 99.621 2.241
201506 2.054 100.684 2.074
201509 1.989 100.392 2.015
201512 2.117 99.792 2.157
201603 1.897 100.470 1.920
201606 1.887 101.688 1.887

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.


Polycom  (FRA:PLY) 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.


Polycom Cyclically Adjusted PS Ratio Related Terms

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Polycom (FRA:PLY) Business Description

Industry
Traded in Other Exchanges
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Address
Polycom Inc was incorporated in December 1990 in Delaware. The Company provides an open, standards-based unified communications and collaboration (UC&C) solutions for voice, video and content collaboration solutions. Its solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich application programming interfaces (APIs) that interoperate with a set of communication, business, mobile, and cloud applications and devices to deliver secure face-to-face video collaboration across different environments. The Company is engaged in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing the power of human collaboration. The Company sells its solutions through a high-touch sales model that leverages its network of channel partners, including distributors, value-added resellers, system integrators; communications services providers, and retailers. The Company serves in three geographical segments; Americas, EMEA and APAC. Its products and solutions are; UC Group Systems, which includes immersive telepresence, group video and group voice systems. UC Platform, which includes collaboration servers, virtualization management "distributed media optimization", resource management, recording and streaming, open API's and remote access technologies that constitute the RealPresence Platform, and UC Personal Devices, which includes desktop video devices and desktop voice products. It competes in the UC&C market with products and solutions that enable voice, video and content collaboration on-premises, across intranets, extranets, mobile devices, and the Internet via its customer premises-based RealPresence Platform, web-based social-collaboration business platforms, and video collaboration-as-a-service offerings delivered from the cloud. These competitors include but are not limited to Cisco Systems, Inc., Acano, Avaya Inc., Blue Jeans Networks, Inc., ClearOne Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A./LifeSize, PexIP, Snom Technology Ag, Vidyo, Inc., Yamaha Corporation/Revolabs, Inc., Yealink, ZTE Corporation and others. Its products and services are subject to various federal, state, local, and foreign laws and regulations.

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