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Arima Lasers (ROCO:3627) Cyclically Adjusted PS Ratio : 0.31 (As of May. 31, 2024)


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What is Arima Lasers Cyclically Adjusted PS Ratio?

As of today (2024-05-31), Arima Lasers's current share price is NT$9.75. Arima Lasers's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was NT$31.07. Arima Lasers's Cyclically Adjusted PS Ratio for today is 0.31.

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

ROCO:3627' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.78   Max: 0.89
Current: 0.31

During the past 11 years, Arima Lasers's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.31. And the median was 0.78.

ROCO:3627's Cyclically Adjusted PS Ratio is ranked better than
91.06% of 682 companies
in the Semiconductors industry
Industry Median: 2.295 vs ROCO:3627: 0.31

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.

Arima Lasers's adjusted revenue per share data of for the fiscal year that ended in Dec23 was NT$20.175. 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 NT$31.07 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arima Lasers Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Arima Lasers'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.

Arima Lasers Cyclically Adjusted PS Ratio Chart

Arima Lasers 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 - - - 0.84 0.74

Arima Lasers Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - 0.84 - 0.74

Competitive Comparison of Arima Lasers's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Arima Lasers'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.


Arima Lasers's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Arima Lasers 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.

Arima Lasers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.75/31.07
=0.31

* 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.

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

For example, Arima Lasers'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)
=20.175/129.4194*129.4194
=20.175

Current CPI (Dec23) = 129.4194.

Arima Lasers Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 23.783 99.070 31.069
201512 23.838 99.792 30.915
201612 33.961 101.863 43.148
201712 27.522 104.011 34.245
201812 27.487 105.998 33.561
201912 22.508 108.420 26.867
202012 25.398 109.897 29.910
202112 31.782 117.630 34.967
202212 25.013 125.222 25.851
202312 20.175 129.419 20.175

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.


Arima Lasers  (ROCO:3627) 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.


Arima Lasers Cyclically Adjusted PS Ratio Related Terms

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


Arima Lasers (ROCO:3627) Business Description

Traded in Other Exchanges
N/A
Address
Zhongxing Road, 9th Floor, Number 458, Pingxing Town, Pingzhen District, Taoyuan, TWN, 32460
Arima Lasers Corp is a Taiwan based company involved in manufacturing multiple products comprising of Laser diode, Laser module, High power Laser and Fiber-coupled Laser. The company is also into the foundry business which includes Die Bonding, In Process Quality Check, Wire Bonding and Cap Sealing among others.

Arima Lasers (ROCO:3627) Headlines

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