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Formosa Plastics (TPE:1301) Cyclically Adjusted PS Ratio : 1.73 (As of May. 14, 2024)


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What is Formosa Plastics Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Formosa Plastics's current share price is NT$68.40. Formosa Plastics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$39.55. Formosa Plastics's Cyclically Adjusted PS Ratio for today is 1.73.

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

TPE:1301' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.68   Med: 2.49   Max: 3.23
Current: 1.74

During the past years, Formosa Plastics's highest Cyclically Adjusted PS Ratio was 3.23. The lowest was 1.68. And the median was 2.49.

TPE:1301's Cyclically Adjusted PS Ratio is ranked worse than
61.48% of 1202 companies
in the Chemicals industry
Industry Median: 1.24 vs TPE:1301: 1.74

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.

Formosa Plastics's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$7.557. 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$39.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Formosa Plastics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Formosa Plastics'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 Plastics Cyclically Adjusted PS Ratio Chart

Formosa Plastics 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 2.81 2.77 2.78 2.18 1.99

Formosa Plastics 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 2.28 2.12 1.98 1.99 1.75

Competitive Comparison of Formosa Plastics's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Formosa Plastics'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 Plastics's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.40/39.55
=1.73

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

For example, Formosa Plastics'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)
=7.557/129.4194*129.4194
=7.557

Current CPI (Mar. 2024) = 129.4194.

Formosa Plastics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.324 100.560 12.000
201409 8.721 100.428 11.239
201412 7.891 99.070 10.308
201503 7.493 99.621 9.734
201506 8.031 100.684 10.323
201509 7.364 100.392 9.493
201512 7.202 99.792 9.340
201603 6.721 100.470 8.658
201606 7.008 101.688 8.919
201609 6.620 101.861 8.411
201612 7.925 101.863 10.069
201703 7.508 102.862 9.446
201706 8.250 103.349 10.331
201709 8.404 104.136 10.444
201712 8.336 104.011 10.372
201803 8.509 105.290 10.459
201806 9.797 106.317 11.926
201809 9.026 106.507 10.968
201812 8.852 105.998 10.808
201903 8.328 107.251 10.049
201906 8.904 108.070 10.663
201909 7.801 108.329 9.320
201912 7.627 108.420 9.104
202003 6.601 108.902 7.845
202006 6.816 108.767 8.110
202009 7.271 109.815 8.569
202012 8.583 109.897 10.108
202103 9.519 111.754 11.024
202106 11.263 114.631 12.716
202109 10.500 115.734 11.742
202112 11.684 117.630 12.855
202203 11.152 121.301 11.898
202206 11.611 125.017 12.020
202209 8.695 125.227 8.986
202212 8.021 125.222 8.290
202303 8.201 127.348 8.334
202306 7.514 128.729 7.554
202309 7.985 129.860 7.958
202312 7.500 129.419 7.500
202403 7.557 129.419 7.557

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 Plastics  (TPE:1301) 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 Plastics Cyclically Adjusted PS Ratio Related Terms

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


Formosa Plastics (TPE:1301) Business Description

Traded in Other Exchanges
N/A
Address
No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814
Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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