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K Way Co (ROCO:5201) Cyclically Adjusted PS Ratio : 2.88 (As of Jun. 13, 2024)


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What is K Way Co Cyclically Adjusted PS Ratio?

As of today (2024-06-13), K Way Co's current share price is NT$27.70. K Way Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$9.62. K Way Co's Cyclically Adjusted PS Ratio for today is 2.88.

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

ROCO:5201' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.86   Med: 3.34   Max: 4.46
Current: 3.01

During the past years, K Way Co's highest Cyclically Adjusted PS Ratio was 4.46. The lowest was 2.86. And the median was 3.34.

ROCO:5201's Cyclically Adjusted PS Ratio is ranked worse than
65.13% of 1457 companies
in the Software industry
Industry Median: 1.81 vs ROCO:5201: 3.01

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.

K Way Co's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$3.353. 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$9.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


K Way Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for K Way Co'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.

K Way Co Cyclically Adjusted PS Ratio Chart

K Way Co 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 4.26 3.97 3.10 2.93 3.32

K Way Co 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 2.90 3.62 3.26 3.32 3.82

Competitive Comparison of K Way Co's Cyclically Adjusted PS Ratio

For the Software - Application subindustry, K Way Co'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.


K Way Co's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, K Way Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



K Way Co 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.

K Way Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.70/9.62
=2.88

* 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.

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

For example, K Way Co'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)
=3.353/131.7762*131.7762
=3.353

Current CPI (Mar. 2024) = 131.7762.

K Way Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.526 100.560 3.310
201409 1.843 100.428 2.418
201412 2.216 99.070 2.948
201503 2.374 99.621 3.140
201506 1.981 100.684 2.593
201509 2.087 100.392 2.739
201512 2.309 99.792 3.049
201603 1.508 100.470 1.978
201606 1.717 101.688 2.225
201609 2.169 101.861 2.806
201612 2.338 101.863 3.025
201703 1.297 102.862 1.662
201706 1.838 103.349 2.344
201709 1.748 104.136 2.212
201712 1.989 104.011 2.520
201803 2.024 105.290 2.533
201806 1.888 106.317 2.340
201809 2.179 106.507 2.696
201812 2.035 105.998 2.530
201903 1.181 107.251 1.451
201906 1.890 108.070 2.305
201909 1.486 108.329 1.808
201912 1.981 108.420 2.408
202003 3.020 108.902 3.654
202006 2.357 108.767 2.856
202009 1.952 109.815 2.342
202012 2.682 109.897 3.216
202103 1.717 111.754 2.025
202106 1.532 114.631 1.761
202109 1.858 115.734 2.116
202112 2.103 117.630 2.356
202203 1.652 121.301 1.795
202206 2.024 125.017 2.133
202209 2.235 125.227 2.352
202212 1.536 125.222 1.616
202303 1.703 127.348 1.762
202306 1.865 128.729 1.909
202309 2.144 129.860 2.176
202312 1.681 129.419 1.712
202403 3.353 131.776 3.353

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.


K Way Co  (ROCO:5201) 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.


K Way Co Cyclically Adjusted PS Ratio Related Terms

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


K Way Co (ROCO:5201) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Guangfu North Road, Songshan District, 5th Floor, No. 35, Lane 11, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.

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