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SUMCO (SUMCF) Cyclically Adjusted PS Ratio : 2.27 (As of Jun. 14, 2024)


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What is SUMCO Cyclically Adjusted PS Ratio?

As of today (2024-06-14), SUMCO's current share price is $15.535. SUMCO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $6.85. SUMCO's Cyclically Adjusted PS Ratio for today is 2.27.

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

SUMCF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.01   Max: 3.71
Current: 2.32

During the past years, SUMCO's highest Cyclically Adjusted PS Ratio was 3.71. The lowest was 1.16. And the median was 2.01.

SUMCF's Cyclically Adjusted PS Ratio is ranked better than
51.91% of 680 companies
in the Semiconductors industry
Industry Median: 2.285 vs SUMCF: 2.32

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.

SUMCO's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.785. 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 $6.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SUMCO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SUMCO'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.

SUMCO Cyclically Adjusted PS Ratio Chart

SUMCO 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 1.97 2.51 2.58 1.78 2.01

SUMCO 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 1.98 1.99 1.88 2.01 2.27

Competitive Comparison of SUMCO's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, SUMCO'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.


SUMCO's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



SUMCO 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.

SUMCO's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.535/6.85
=2.27

* 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.

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

For example, SUMCO'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)
=1.785/107.2000*107.2000
=1.785

Current CPI (Mar. 2024) = 107.2000.

SUMCO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.858 98.000 2.032
201409 1.776 98.500 1.933
201412 1.583 97.900 1.733
201503 1.764 97.900 1.932
201506 1.720 98.400 1.874
201509 1.671 98.500 1.819
201512 1.537 98.100 1.680
201603 1.563 97.900 1.711
201606 1.665 98.100 1.819
201609 1.749 98.000 1.913
201612 1.644 98.400 1.791
201703 1.818 98.100 1.987
201706 1.961 98.500 2.134
201709 2.044 98.800 2.218
201712 2.120 99.400 2.286
201803 2.485 99.200 2.685
201806 2.532 99.200 2.736
201809 2.538 99.900 2.723
201812 2.510 99.700 2.699
201903 2.519 99.700 2.708
201906 2.347 99.800 2.521
201909 2.284 100.100 2.446
201912 2.217 100.500 2.365
202003 2.293 100.300 2.451
202006 2.391 99.900 2.566
202009 2.329 99.900 2.499
202012 2.402 99.300 2.593
202103 2.402 99.900 2.578
202106 2.562 99.500 2.760
202109 2.712 100.100 2.904
202112 2.288 100.100 2.450
202203 2.419 101.100 2.565
202206 2.280 101.800 2.401
202209 2.317 103.100 2.409
202212 2.486 104.100 2.560
202303 2.349 104.400 2.412
202306 2.237 105.200 2.280
202309 1.935 106.200 1.953
202312 2.087 106.800 2.095
202403 1.785 107.200 1.785

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.


SUMCO  (OTCPK:SUMCF) 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.


SUMCO Cyclically Adjusted PS Ratio Related Terms

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


SUMCO (SUMCF) Business Description

Industry
Traded in Other Exchanges
Address
1-2-1 Shibaura, Seavans North, Minato-ku, Tokyo, JPN, 105-8634
Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with 22% market share in 2022. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the U.S., the U.K., Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung and Micron. The firm employs over 9,000 people.

SUMCO (SUMCF) Headlines

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