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Semiconductor Manufacturing International (STU:MKN2) Cyclically Adjusted PS Ratio : 3.59 (As of Jun. 23, 2024)


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What is Semiconductor Manufacturing International Cyclically Adjusted PS Ratio?

As of today (2024-06-23), Semiconductor Manufacturing International's current share price is €2.26. Semiconductor Manufacturing International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.63. Semiconductor Manufacturing International's Cyclically Adjusted PS Ratio for today is 3.59.

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

STU:MKN2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.6   Med: 3.26   Max: 4.55
Current: 3.41

During the past years, Semiconductor Manufacturing International's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 2.60. And the median was 3.26.

STU:MKN2's Cyclically Adjusted PS Ratio is ranked worse than
62.79% of 680 companies
in the Semiconductors industry
Industry Median: 2.28 vs STU:MKN2: 3.41

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.

Semiconductor Manufacturing International's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.202. 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 €0.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Semiconductor Manufacturing International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International Cyclically Adjusted PS Ratio Chart

Semiconductor Manufacturing International 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 - - - 3.11 3.68

Semiconductor Manufacturing International 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 3.46 3.82 3.72 3.68 2.78

Competitive Comparison of Semiconductor Manufacturing International's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Semiconductor Manufacturing International's Cyclically Adjusted PS Ratio falls into.



Semiconductor Manufacturing International 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.

Semiconductor Manufacturing International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.26/0.63
=3.59

* 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.

Semiconductor Manufacturing International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Semiconductor Manufacturing International'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)
=0.202/115.2271*115.2271
=0.202

Current CPI (Mar. 2024) = 115.2271.

Semiconductor Manufacturing International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.107 98.200 0.126
201409 0.104 98.900 0.121
201412 0.107 99.000 0.125
201503 0.117 99.900 0.135
201506 0.117 99.500 0.135
201509 0.113 100.500 0.130
201512 0.123 100.600 0.141
201603 0.123 102.200 0.139
201606 0.133 101.400 0.151
201609 0.137 102.400 0.154
201612 0.153 102.600 0.172
201703 0.146 103.200 0.163
201706 0.143 103.100 0.160
201709 0.138 104.100 0.153
201712 0.129 104.500 0.142
201803 0.136 105.300 0.149
201806 0.143 104.900 0.157
201809 0.145 106.600 0.157
201812 0.137 106.500 0.148
201903 0.117 107.700 0.125
201906 0.138 107.700 0.148
201909 0.128 109.800 0.134
201912 0.131 111.200 0.136
202003 0.137 112.300 0.141
202006 0.139 110.400 0.145
202009 0.116 111.700 0.120
202012 0.097 111.500 0.100
202103 0.117 112.662 0.120
202106 0.141 111.769 0.145
202109 0.151 112.215 0.155
202112 0.176 113.108 0.179
202203 0.210 114.335 0.212
202206 0.227 114.558 0.228
202209 0.243 115.339 0.243
202212 0.192 115.116 0.192
202303 0.172 115.116 0.172
202306 0.181 114.558 0.182
202309 0.191 115.339 0.191
202312 0.192 114.781 0.193
202403 0.202 115.227 0.202

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.


Semiconductor Manufacturing International  (STU:MKN2) 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.


Semiconductor Manufacturing International Cyclically Adjusted PS Ratio Related Terms

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


Semiconductor Manufacturing International (STU:MKN2) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

Semiconductor Manufacturing International (STU:MKN2) Headlines

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