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Qorvo (QRVO) Cyclically Adjusted PS Ratio : 3.02 (As of May. 26, 2024)


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What is Qorvo Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Qorvo's current share price is $98.29. Qorvo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $32.57. Qorvo's Cyclically Adjusted PS Ratio for today is 3.02.

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

QRVO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.83   Med: 3.37   Max: 3.83
Current: 3.02

During the past years, Qorvo's highest Cyclically Adjusted PS Ratio was 3.83. The lowest was 2.83. And the median was 3.37.

QRVO's Cyclically Adjusted PS Ratio is ranked worse than
59.09% of 682 companies
in the Semiconductors industry
Industry Median: 2.305 vs QRVO: 3.02

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.

Qorvo's adjusted revenue per share data for the three months ended in Mar. 2024 was $9.750. 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 $32.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qorvo Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Qorvo'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.

Qorvo Cyclically Adjusted PS Ratio Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3.53

Qorvo 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 - 3.41 3.13 3.60 3.53

Competitive Comparison of Qorvo's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Qorvo'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.


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

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

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



Qorvo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=98.29/32.57
=3.02

* 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.

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

For example, Qorvo'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)
=9.75/131.7762*131.7762
=9.750

Current CPI (Mar. 2024) = 131.7762.

Qorvo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.131 100.560 2.793
201409 2.443 100.428 3.206
201412 2.675 99.070 3.558
201503 4.259 99.621 5.634
201506 4.361 100.684 5.708
201509 4.698 100.392 6.167
201512 4.454 99.792 5.882
201603 4.574 100.470 5.999
201606 5.477 101.688 7.098
201609 6.534 101.861 8.453
201612 6.514 101.863 8.427
201703 5.081 102.862 6.509
201706 5.047 103.349 6.435
201709 6.282 104.136 7.949
201712 6.658 104.011 8.435
201803 5.259 105.290 6.582
201806 5.489 106.317 6.803
201809 6.880 106.507 8.512
201812 6.562 105.998 8.158
201903 5.476 107.251 6.728
201906 6.403 108.070 7.808
201909 6.755 108.329 8.217
201912 7.337 108.420 8.918
202003 6.674 108.902 8.076
202006 6.745 108.767 8.172
202009 9.127 109.815 10.952
202012 9.464 109.897 11.348
202103 9.304 111.754 10.971
202106 9.751 114.631 11.209
202109 11.167 115.734 12.715
202112 10.053 117.630 11.262
202203 10.705 121.301 11.629
202206 9.760 125.017 10.288
202209 11.170 125.227 11.754
202212 7.363 125.222 7.748
202303 6.287 127.348 6.506
202306 6.610 128.729 6.766
202309 11.193 129.860 11.358
202312 11.053 129.419 11.254
202403 9.750 131.776 9.750

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.


Qorvo  (NAS:QRVO) 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.


Qorvo Cyclically Adjusted PS Ratio Related Terms

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


Qorvo (QRVO) Business Description

Industry
Traded in Other Exchanges
Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
Executives
Steven E Creviston officer: VP and Pres. Mobile Products
Gina Harrison officer: VP and Corporate Controller 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley officer: Pres. Infra & Defense 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walden C Rhines director C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
Paul J Fego officer: VP, Global Operations 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Frank P. Stewart officer: SVP, Advanced Cellular 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Roderick Nelson director 2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Robert A Bruggeworth director, officer: President and CEO C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John R Harding director C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Grant Brown officer: SVP & Chief Financial Officer 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jeffery R Gardner director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James L Klein officer: VP and Pres. Infra. & Defense 2300NE BROOKWOOD PKWY, HILLSBORO OR 97124
Susan Louise Spradley director C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Mark J. Murphy officer: Chief Financial Officer DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098