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Formosa Electronic Industries (ROCO:8171) Cyclically Adjusted PS Ratio : 1.99 (As of May. 04, 2025)


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What is Formosa Electronic Industries Cyclically Adjusted PS Ratio?

As of today (2025-05-04), Formosa Electronic Industries's current share price is NT$37.80. Formosa Electronic Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was NT$19.01. Formosa Electronic Industries's Cyclically Adjusted PS Ratio for today is 1.99.

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

ROCO:8171' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 1.61   Max: 2.45
Current: 1.84

During the past years, Formosa Electronic Industries's highest Cyclically Adjusted PS Ratio was 2.45. The lowest was 0.24. And the median was 1.61.

ROCO:8171's Cyclically Adjusted PS Ratio is ranked worse than
64.82% of 1842 companies
in the Hardware industry
Industry Median: 1.09 vs ROCO:8171: 1.84

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.

Formosa Electronic Industries's adjusted revenue per share data for the three months ended in Dec. 2024 was NT$1.490. 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$19.01 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Formosa Electronic Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Formosa Electronic Industries'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.

Formosa Electronic Industries Cyclically Adjusted PS Ratio Chart

Formosa Electronic Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 1.82 1.80 1.70 1.85

Formosa Electronic Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.70 1.74 1.71 1.61 1.85

Competitive Comparison of Formosa Electronic Industries's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Formosa Electronic Industries'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.


Formosa Electronic Industries's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Formosa Electronic Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Formosa Electronic Industries 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.

Formosa Electronic Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=37.80/19.01
=1.99

* 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.

Formosa Electronic Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Formosa Electronic Industries's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.49/133.1571*133.1571
=1.490

Current CPI (Dec. 2024) = 133.1571.

Formosa Electronic Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 9.071 99.621 12.125
201506 10.780 100.684 14.257
201509 9.873 100.392 13.095
201512 8.659 99.792 11.554
201603 7.229 100.470 9.581
201606 6.265 101.688 8.204
201609 9.893 101.861 12.933
201612 6.709 101.863 8.770
201703 7.309 102.862 9.462
201706 3.320 103.349 4.278
201709 3.178 104.136 4.064
201712 1.734 104.011 2.220
201803 1.808 105.290 2.287
201806 0.272 106.317 0.341
201809 0.412 106.507 0.515
201812 0.414 105.998 0.520
201903 0.263 107.251 0.327
201906 0.707 108.070 0.871
201909 1.002 108.329 1.232
201912 0.973 108.420 1.195
202003 0.886 108.902 1.083
202006 1.150 108.767 1.408
202009 1.525 109.815 1.849
202012 0.933 109.897 1.130
202103 1.231 111.754 1.467
202106 3.979 114.631 4.622
202109 5.613 115.734 6.458
202112 4.368 117.630 4.945
202203 4.547 121.301 4.991
202206 4.988 125.017 5.313
202209 5.955 125.227 6.332
202212 6.592 125.222 7.010
202303 3.712 127.348 3.881
202306 3.356 128.729 3.471
202309 2.568 129.860 2.633
202312 3.038 129.419 3.126
202403 3.629 131.776 3.667
202406 3.791 132.554 3.808
202409 3.539 133.029 3.542
202412 1.490 133.157 1.490

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.


Formosa Electronic Industries  (ROCO:8171) 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.


Formosa Electronic Industries Cyclically Adjusted PS Ratio Related Terms

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


Formosa Electronic Industries Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Lane 130, Minquan Road, 5th Floor, Xindian District, Taipei Hsien, TWN
Formosa Electronic Industries Inc is engaged in the assembly, processing, manufacturing, trading, agent distribution, and trading of single-string parallel battery modules, mobile power supplies, wireless chargers, green energy battery modules, and distributed energy storage systems. The Company's other products include wireless chargers, power adapters, accessories, OEM, and green products.

Formosa Electronic Industries Headlines

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