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SUMCO (FRA:S3X) Cyclically Adjusted PS Ratio : 2.17 (As of May. 26, 2024)


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What is SUMCO Cyclically Adjusted PS Ratio?

As of today (2024-05-26), SUMCO's current share price is €13.85. SUMCO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €6.38. SUMCO's Cyclically Adjusted PS Ratio for today is 2.17.

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

FRA:S3X' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2   Max: 3.71
Current: 2.22

During the past years, SUMCO's highest Cyclically Adjusted PS Ratio was 3.71. The lowest was 1.16. And the median was 2.00.

FRA:S3X's Cyclically Adjusted PS Ratio is ranked worse than
50.44% of 682 companies
in the Semiconductors industry
Industry Median: 2.305 vs FRA:S3X: 2.22

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.

SUMCO's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.642. 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 €6.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SUMCO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SUMCO'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.

SUMCO Cyclically Adjusted PS Ratio Chart

SUMCO 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 1.97 2.51 2.58 1.78 2.01

SUMCO 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 1.98 1.99 1.88 2.01 2.27

Competitive Comparison of SUMCO's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, SUMCO'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.


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

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

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



SUMCO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.85/6.38
=2.17

* 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.

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

For example, SUMCO'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)
=1.642/107.2000*107.2000
=1.642

Current CPI (Mar. 2024) = 107.2000.

SUMCO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.367 98.000 1.495
201409 1.378 98.500 1.500
201412 1.284 97.900 1.406
201503 1.630 97.900 1.785
201506 1.532 98.400 1.669
201509 1.488 98.500 1.619
201512 1.411 98.100 1.542
201603 1.404 97.900 1.537
201606 1.482 98.100 1.619
201609 1.558 98.000 1.704
201612 1.559 98.400 1.698
201703 1.700 98.100 1.858
201706 1.746 98.500 1.900
201709 1.715 98.800 1.861
201712 1.791 99.400 1.932
201803 2.015 99.200 2.178
201806 2.167 99.200 2.342
201809 2.175 99.900 2.334
201812 2.207 99.700 2.373
201903 2.229 99.700 2.397
201906 2.077 99.800 2.231
201909 2.074 100.100 2.221
201912 1.996 100.500 2.129
202003 2.075 100.300 2.218
202006 2.123 99.900 2.278
202009 1.977 99.900 2.121
202012 1.974 99.300 2.131
202103 2.017 99.900 2.164
202106 2.126 99.500 2.291
202109 2.305 100.100 2.468
202112 2.025 100.100 2.169
202203 2.197 101.100 2.330
202206 2.157 101.800 2.271
202209 2.340 103.100 2.433
202212 2.346 104.100 2.416
202303 2.194 104.400 2.253
202306 2.064 105.200 2.103
202309 1.813 106.200 1.830
202312 1.914 106.800 1.921
202403 1.642 107.200 1.642

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.


SUMCO  (FRA:S3X) 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.


SUMCO Cyclically Adjusted PS Ratio Related Terms

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


SUMCO (FRA:S3X) Business Description

Industry
Traded in Other Exchanges
Address
1-2-1 Shibaura, Seavans North, Minato-ku, Tokyo, JPN, 105-8634
Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with 22% market share in 2022. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the U.S., the U.K., Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung and Micron. The firm employs over 9,000 people.

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