Gallant Precision Machining Co (ROCO:5443) Cyclically Adjusted PS Ratio : 2.26 (As of Jun. 20, 2024)

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What is Gallant Precision Machining Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Gallant Precision Machining Co's current share price is NT$66.60. Gallant Precision Machining Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$29.44. Gallant Precision Machining Co's Cyclically Adjusted PS Ratio for today is 2.26.

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

ROCO:5443' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57 Med: 1.1 Max: 2.31
Current: 1.96

During the past years, Gallant Precision Machining Co's highest Cyclically Adjusted PS Ratio was 2.31. The lowest was 0.57. And the median was 1.10.

ROCO:5443's Cyclically Adjusted PS Ratio is ranked better than
56.26% of 679 companies
in the Semiconductors industry
Industry Median: 2.3 vs ROCO:5443: 1.96

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.

Gallant Precision Machining Co's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$6.243. 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$29.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Gallant Precision Machining Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gallant Precision Machining 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.

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Gallant Precision Machining Co Cyclically Adjusted PS Ratio Chart

Gallant Precision Machining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.97

1.87

1.37

0.99

1.06

Gallant Precision Machining 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															1.03	1.10	1.06	1.06	1.85

Competitive Comparison of Gallant Precision Machining Co's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Gallant Precision Machining 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.

Gallant Precision Machining Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Gallant Precision Machining Co's Cyclically Adjusted PS Ratio falls into.

Gallant Precision Machining 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.

Gallant Precision Machining Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	66.60	/	29.44
	=	2.26

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

For example, Gallant Precision Machining 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)
	=	6.243	/	131.7762	*	131.7762
	=	6.243

Current CPI (Mar. 2024) = 131.7762.

Gallant Precision Machining Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	3.809	100.560	4.991
201409	5.204	100.428	6.828
201412	3.645	99.070	4.848
201503	4.004	99.621	5.296
201506	5.317	100.684	6.959
201509	6.940	100.392	9.110
201512	5.778	99.792	7.630
201603	3.639	100.470	4.773
201606	7.925	101.688	10.270
201609	5.108	101.861	6.608
201612	5.256	101.863	6.800
201703	7.443	102.862	9.535
201706	6.816	103.349	8.691
201709	6.764	104.136	8.559
201712	7.728	104.011	9.791
201803	7.864	105.290	9.842
201806	7.637	106.317	9.466
201809	6.607	106.507	8.175
201812	7.121	105.998	8.853
201903	5.059	107.251	6.216
201906	6.317	108.070	7.703
201909	7.724	108.329	9.396
201912	6.249	108.420	7.595
202003	3.868	108.902	4.680
202006	4.529	108.767	5.487
202009	5.797	109.815	6.956
202012	7.314	109.897	8.770
202103	6.664	111.754	7.858
202106	9.112	114.631	10.475
202109	7.389	115.734	8.413
202112	6.877	117.630	7.704
202203	6.762	121.301	7.346
202206	7.046	125.017	7.427
202209	7.846	125.227	8.256
202212	7.313	125.222	7.696
202303	4.477	127.348	4.633
202306	3.998	128.729	4.093
202309	4.101	129.860	4.162
202312	6.192	129.419	6.305
202403	6.243	131.776	6.243

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.

Gallant Precision Machining Co (ROCO:5443) 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.

Gallant Precision Machining Co Cyclically Adjusted PS Ratio Related Terms

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

Gallant Precision Machining Co (ROCO:5443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gallant Precision Machining Co Ltd (ROCO:5443) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5-1, Innovation 1st Road, Science-Based Industrial Park, Hsinchu, TWN, 300

Website

https://www.gpmcorp.com.tw

Gallant Precision Machining Co Ltd is engaged in the design, manufacture, and sale of molds and machinery, metal parts and mold parts, stamping parts and die-cast parts, and automated manufacturing systems and their unit equipment. Geographically, it derives a majority of revenue from China. It generates maximum revenue from the display process equipment.

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