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Microtek International (TPE:2305) Cyclically Adjusted PS Ratio : 5.91 (As of May. 22, 2024)


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What is Microtek International Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Microtek International's current share price is NT$22.45. Microtek International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$3.80. Microtek International's Cyclically Adjusted PS Ratio for today is 5.91.

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

TPE:2305' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.64   Max: 9.16
Current: 5.85

During the past years, Microtek International's highest Cyclically Adjusted PS Ratio was 9.16. The lowest was 0.97. And the median was 2.64.

TPE:2305's Cyclically Adjusted PS Ratio is ranked worse than
91.63% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs TPE:2305: 5.85

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.

Microtek International's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$0.857. 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$3.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Microtek International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Microtek 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.

Microtek International Cyclically Adjusted PS Ratio Chart

Microtek 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 1.83 2.69 2.69 6.71 6.02

Microtek 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 6.48 6.20 5.95 6.02 6.44

Competitive Comparison of Microtek International's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Microtek 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.


Microtek International's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Microtek 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.45/3.8
=5.91

* 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.

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

For example, Microtek 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)
=0.857/131.7762*131.7762
=0.857

Current CPI (Mar. 2024) = 131.7762.

Microtek International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.958 100.560 1.255
201409 0.850 100.428 1.115
201412 1.166 99.070 1.551
201503 0.974 99.621 1.288
201506 0.941 100.684 1.232
201509 0.931 100.392 1.222
201512 1.092 99.792 1.442
201603 0.805 100.470 1.056
201606 0.958 101.688 1.241
201609 0.835 101.861 1.080
201612 0.901 101.863 1.166
201703 0.706 102.862 0.904
201706 0.687 103.349 0.876
201709 0.750 104.136 0.949
201712 0.950 104.011 1.204
201803 0.588 105.290 0.736
201806 0.785 106.317 0.973
201809 0.664 106.507 0.822
201812 0.757 105.998 0.941
201903 0.555 107.251 0.682
201906 0.596 108.070 0.727
201909 0.664 108.329 0.808
201912 0.789 108.420 0.959
202003 0.425 108.902 0.514
202006 0.767 108.767 0.929
202009 0.823 109.815 0.988
202012 0.906 109.897 1.086
202103 0.697 111.754 0.822
202106 0.880 114.631 1.012
202109 0.751 115.734 0.855
202112 0.854 117.630 0.957
202203 0.569 121.301 0.618
202206 0.478 125.017 0.504
202209 0.955 125.227 1.005
202212 0.736 125.222 0.775
202303 0.547 127.348 0.566
202306 0.624 128.729 0.639
202309 0.815 129.860 0.827
202312 0.818 129.419 0.833
202403 0.857 131.776 0.857

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.


Microtek International  (TPE:2305) 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.


Microtek International Cyclically Adjusted PS Ratio Related Terms

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


Microtek International (TPE:2305) Business Description

Traded in Other Exchanges
N/A
Address
No.6 Industry East Road 3, Science-Based Industrial Park, Hsinchu, TWN, 300091
Microtek International Inc is a Taiwan based company offering scanning solutions. The company is engaged in the manufacturing and marketing of digital image scanners and related computer peripheral products. It offers scanners for medical, document, professional image, office, home, and industrial application. Its product portfolio includes ArtixScan series, FileScan series, ScanMaker series, XT series, Bio series, ObjectScan series, and medical series, among others.

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