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Tyntek (TPE:2426) Cyclically Adjusted PS Ratio : 1.35 (As of May. 22, 2024)


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What is Tyntek Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Tyntek's current share price is NT$18.10. Tyntek's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$13.36. Tyntek's Cyclically Adjusted PS Ratio for today is 1.35.

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

TPE:2426' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.3   Max: 2.18
Current: 1.33

During the past years, Tyntek's highest Cyclically Adjusted PS Ratio was 2.18. The lowest was 0.55. And the median was 1.30.

TPE:2426's Cyclically Adjusted PS Ratio is ranked better than
69.25% of 683 companies
in the Semiconductors industry
Industry Median: 2.31 vs TPE:2426: 1.33

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.

Tyntek's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$1.845. 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$13.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tyntek Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tyntek'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.

Tyntek Cyclically Adjusted PS Ratio Chart

Tyntek Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.98 1.22 1.99 1.17

Tyntek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1.17 1.32 1.31 1.29 1.34

Competitive Comparison of Tyntek's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Tyntek'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.


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

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

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



Tyntek 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.10/13.36
=1.35

* 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.

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

For example, Tyntek'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)
=1.845/131.7762*131.7762
=1.845

Current CPI (Mar. 2024) = 131.7762.

Tyntek Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.489 99.695 7.255
201406 6.060 100.560 7.941
201409 6.989 100.428 9.171
201412 4.001 99.070 5.322
201503 3.401 99.621 4.499
201506 3.293 100.684 4.310
201509 2.988 100.392 3.922
201512 2.781 99.792 3.672
201603 2.386 100.470 3.129
201606 2.576 101.688 3.338
201609 2.988 101.861 3.866
201612 2.570 101.863 3.325
201703 2.450 102.862 3.139
201706 2.758 103.349 3.517
201709 2.625 104.136 3.322
201712 2.664 104.011 3.375
201803 2.677 105.290 3.350
201806 2.784 106.317 3.451
201809 2.596 106.507 3.212
201812 1.978 105.998 2.459
201903 1.870 107.251 2.298
201906 2.608 108.070 3.180
201909 1.805 108.329 2.196
201912 2.033 108.420 2.471
202003 1.636 108.902 1.980
202006 2.139 108.767 2.591
202009 2.157 109.815 2.588
202012 2.126 109.897 2.549
202103 2.517 111.754 2.968
202106 2.922 114.631 3.359
202109 2.785 115.734 3.171
202112 2.415 117.630 2.705
202203 2.261 121.301 2.456
202206 2.217 125.017 2.337
202209 1.943 125.227 2.045
202212 1.641 125.222 1.727
202303 1.741 127.348 1.802
202306 1.946 128.729 1.992
202309 1.754 129.860 1.780
202403 1.845 131.776 1.845

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.


Tyntek  (TPE:2426) 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.


Tyntek Cyclically Adjusted PS Ratio Related Terms

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


Tyntek (TPE:2426) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 15, Kezhong Road, Zhunan Township, Hsinchu Science Park, Miaulih, TWN
Tyntek Corp is engaged in research and development, manufacturing, and sales of relevant products, including gallium arsenide, infrared, light-emitting diodes, laser diodes, phototransistors, photodiodes, single crystal and epitaxy, crystal grains, optoelectronic systems, radio transmitters, and other electrical devices that can generate radio radiant energy.

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