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Fulgent Genetics (MEX:FLGT) Cyclically Adjusted PS Ratio : 2.64 (As of Jun. 22, 2024)


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What is Fulgent Genetics Cyclically Adjusted PS Ratio?

As of today (2024-06-22), Fulgent Genetics's current share price is MXN375.00. Fulgent Genetics's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was MXN141.94. Fulgent Genetics's Cyclically Adjusted PS Ratio for today is 2.64.

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

MEX:FLGT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.14   Med: 2.63   Max: 3
Current: 2.14

During the past 10 years, Fulgent Genetics's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 2.14. And the median was 2.63.

MEX:FLGT's Cyclically Adjusted PS Ratio is ranked better than
51.91% of 131 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.38 vs MEX:FLGT: 2.14

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.

Fulgent Genetics's adjusted revenue per share data of for the fiscal year that ended in Dec23 was MXN164.826. 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 MXN141.94 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulgent Genetics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fulgent Genetics'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.

Fulgent Genetics Cyclically Adjusted PS Ratio Chart

Fulgent Genetics 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 - - - - 3.08

Fulgent Genetics 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 - - - 3.08 -

Competitive Comparison of Fulgent Genetics's Cyclically Adjusted PS Ratio

For the Diagnostics & Research subindustry, Fulgent Genetics'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.


Fulgent Genetics's Cyclically Adjusted PS Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Fulgent Genetics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Fulgent Genetics 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.

Fulgent Genetics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=375.00/141.94
=2.64

* 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.

Fulgent Genetics's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Fulgent Genetics's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=164.826/129.4194*129.4194
=164.826

Current CPI (Dec23) = 129.4194.

Fulgent Genetics Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.476 99.070 1.928
201512 12.896 99.792 16.725
201612 27.483 101.863 34.918
201712 20.737 104.011 25.803
201812 23.319 105.998 28.472
201912 32.791 108.420 39.142
202012 348.715 109.897 410.662
202112 657.343 117.630 723.228
202212 389.724 125.222 402.788
202312 164.826 129.419 164.826

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.


Fulgent Genetics  (MEX:FLGT) 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.


Fulgent Genetics Cyclically Adjusted PS Ratio Related Terms

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


Fulgent Genetics (MEX:FLGT) Business Description

Traded in Other Exchanges
Address
4978 Santa Anita Avenue, Temple City, CA, USA, 91780
Fulgent Genetics Inc is a technology company that focuses on genetic testing to provide physicians with clinically actionable diagnostic information. Genetic testing offers the possibility of early identification of a disease or a genetic predisposition to disease and enhanced disease treatment and prognosis. Fulgent's product portfolio includes Genes & Panels, Known Mutation, Genomic Testing, Hereditary Cancer, Carrier Screening, Tumor Profiling, and Sequencing Service. Its customers are categorized as Insurance; Institutional, which includes hospitals, medical institutions, laboratories, governmental bodies, municipalities, and large corporations; and Patients. The geographical segments are the United States, which generates the vast majority of the revenue; and Foreign.