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Macmic Science & Technology Co (SHSE:688711) Cyclically Adjusted PS Ratio : 6.31 (As of Jun. 04, 2024)


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What is Macmic Science & Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-06-04), Macmic Science & Technology Co's current share price is ¥22.92. Macmic Science & Technology Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ¥3.63. Macmic Science & Technology Co's Cyclically Adjusted PS Ratio for today is 6.31.

The historical rank and industry rank for Macmic Science & Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:688711' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.59   Med: 8.94   Max: 10.39
Current: 6.59

During the past 10 years, Macmic Science & Technology Co's highest Cyclically Adjusted PS Ratio was 10.39. The lowest was 6.59. And the median was 8.94.

SHSE:688711's Cyclically Adjusted PS Ratio is ranked worse than
80.76% of 681 companies
in the Semiconductors industry
Industry Median: 2.32 vs SHSE:688711: 6.59

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.

Macmic Science & Technology Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ¥9.864. 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 ¥3.63 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macmic Science & Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Macmic Science & Technology 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.

Macmic Science & Technology Co Cyclically Adjusted PS Ratio Chart

Macmic Science & Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 11.43

Macmic Science & Technology Co Quarterly Data
Dec18 Jun19 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 - - - 11.43 -

Competitive Comparison of Macmic Science & Technology Co's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Macmic Science & Technology 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.


Macmic Science & Technology Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Macmic Science & Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Macmic Science & Technology Co's Cyclically Adjusted PS Ratio falls into.



Macmic Science & Technology 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.

Macmic Science & Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.92/3.63
=6.31

* 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.

Macmic Science & Technology Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Macmic Science & Technology Co'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)
=9.864/114.7809*114.7809
=9.864

Current CPI (Dec23) = 114.7809.

Macmic Science & Technology Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201212 1.092 95.237 1.316
201312 1.449 97.624 1.704
201412 1.403 99.000 1.627
201712 2.209 104.500 2.426
201812 2.789 106.500 3.006
201912 2.616 111.200 2.700
202012 3.072 111.500 3.162
202112 4.356 113.108 4.420
202212 6.094 115.116 6.076
202312 9.864 114.781 9.864

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.


Macmic Science & Technology Co  (SHSE:688711) 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.


Macmic Science & Technology Co Cyclically Adjusted PS Ratio Related Terms

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


Macmic Science & Technology Co (SHSE:688711) Business Description

Traded in Other Exchanges
N/A
Address
18 Huashan Middle Road,, Jiangsu Province, Changzhou, CHN, 213022
Macmic Science & Technology Co Ltd is engaged in the design, research and development, production and sales of power semiconductor chips, single tubes, modules and power modules based on IGBT and FRED.
Executives
Yu Yi Zhang Core technical personnel
Xu Chun Feng senior management
Li Si Ping Director
Chang Dong Lai senior management
Ding Zi Wen Directors, senior managers
Liu Li Feng Directors, senior managers
Wang Xiao Bao Senior management, core technical personnel

Macmic Science & Technology Co (SHSE:688711) Headlines

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