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Keystone Microtech (ROCO:6683) Cyclically Adjusted PS Ratio : 8.88 (As of Jun. 19, 2024)


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What is Keystone Microtech Cyclically Adjusted PS Ratio?

As of today (2024-06-19), Keystone Microtech's current share price is NT$382.50. Keystone Microtech's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was NT$43.09. Keystone Microtech's Cyclically Adjusted PS Ratio for today is 8.88.

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

ROCO:6683' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.31   Med: 6.75   Max: 8.74
Current: 8.74

During the past 10 years, Keystone Microtech's highest Cyclically Adjusted PS Ratio was 8.74. The lowest was 6.31. And the median was 6.75.

ROCO:6683's Cyclically Adjusted PS Ratio is ranked worse than
86.47% of 680 companies
in the Semiconductors industry
Industry Median: 2.295 vs ROCO:6683: 8.74

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.

Keystone Microtech's adjusted revenue per share data of for the fiscal year that ended in Dec23 was NT$51.543. 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$43.09 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keystone Microtech Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Keystone Microtech'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.

Keystone Microtech Cyclically Adjusted PS Ratio Chart

Keystone Microtech 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 - - - - 7.24

Keystone Microtech 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 - - - 7.24 -

Competitive Comparison of Keystone Microtech's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Keystone Microtech'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.


Keystone Microtech's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Keystone Microtech 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.

Keystone Microtech's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=382.50/43.09
=8.88

* 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.

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

For example, Keystone Microtech'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)
=51.543/129.4194*129.4194
=51.543

Current CPI (Dec23) = 129.4194.

Keystone Microtech Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.000 99.070 0.000
201512 26.613 99.792 34.514
201612 26.979 101.863 34.278
201712 22.874 104.011 28.462
201812 25.861 105.998 31.575
201912 31.057 108.420 37.072
202012 45.075 109.897 53.082
202112 54.291 117.630 59.733
202212 55.667 125.222 57.533
202312 51.543 129.419 51.543

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.


Keystone Microtech  (ROCO:6683) 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.


Keystone Microtech Cyclically Adjusted PS Ratio Related Terms

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


Keystone Microtech (ROCO:6683) Business Description

Traded in Other Exchanges
N/A
Address
No. 431, Zhuangjing North Road, Hsinchu County, Zhubei, TWN, 302
Keystone Microtech Corp operates as a semiconductor device manufacturing company. The Company is mainly an important operating department engaged in the manufacture and sale of various circuit testing solutions for semiconductors, including IC front-end test solutions (probe cards and substrates), IC back-end test solutions (load boards and burn-in boards), and other related testing boards. Geographically, it operates in Taiwan, China & Others, out of which the majority is from Taiwan.

Keystone Microtech (ROCO:6683) Headlines

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