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Far Eastern Department Stores (TPE:2903) Cyclically Adjusted PS Ratio : 1.00 (As of May. 10, 2024)


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What is Far Eastern Department Stores Cyclically Adjusted PS Ratio?

As of today (2024-05-10), Far Eastern Department Stores's current share price is NT$33.45. Far Eastern Department Stores's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was NT$33.45. Far Eastern Department Stores's Cyclically Adjusted PS Ratio for today is 1.00.

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

TPE:2903' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.6   Max: 1.03
Current: 1.03

During the past years, Far Eastern Department Stores's highest Cyclically Adjusted PS Ratio was 1.03. The lowest was 0.35. And the median was 0.60.

TPE:2903's Cyclically Adjusted PS Ratio is ranked worse than
70.13% of 760 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs TPE:2903: 1.03

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.

Far Eastern Department Stores's adjusted revenue per share data for the three months ended in Dec. 2023 was NT$7.707. 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$33.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Far Eastern Department Stores Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores Cyclically Adjusted PS Ratio Chart

Far Eastern Department Stores 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 0.59 0.63 0.64 0.63 0.74

Far Eastern Department Stores Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.63 0.67 0.70 0.69 0.74

Competitive Comparison of Far Eastern Department Stores's Cyclically Adjusted PS Ratio

For the Department Stores subindustry, Far Eastern Department Stores'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.


Far Eastern Department Stores's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's Cyclically Adjusted PS Ratio falls into.



Far Eastern Department Stores 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.

Far Eastern Department Stores's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.45/33.45
=1.00

* 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.

Far Eastern Department Stores's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Far Eastern Department Stores's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.707/129.4194*129.4194
=7.707

Current CPI (Dec. 2023) = 129.4194.

Far Eastern Department Stores Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 7.723 99.695 10.026
201406 7.443 100.560 9.579
201409 7.346 100.428 9.467
201412 9.466 99.070 12.366
201503 7.683 99.621 9.981
201506 6.898 100.684 8.867
201509 7.191 100.392 9.270
201512 9.376 99.792 12.160
201603 7.693 100.470 9.910
201606 6.824 101.688 8.685
201609 6.807 101.861 8.649
201612 8.963 101.863 11.388
201703 6.858 102.862 8.629
201706 6.309 103.349 7.900
201709 6.539 104.136 8.127
201712 9.136 104.011 11.368
201803 6.612 105.290 8.127
201806 6.191 106.317 7.536
201809 6.090 106.507 7.400
201812 8.642 105.998 10.552
201903 6.530 107.251 7.880
201906 5.966 108.070 7.145
201909 5.817 108.329 6.949
201912 8.323 108.420 9.935
202003 6.114 108.902 7.266
202006 5.751 108.767 6.843
202009 6.064 109.815 7.147
202012 8.605 109.897 10.134
202103 6.612 111.754 7.657
202106 5.051 114.631 5.703
202109 5.067 115.734 5.666
202112 8.378 117.630 9.218
202203 6.421 121.301 6.851
202206 5.529 125.017 5.724
202209 5.801 125.227 5.995
202212 8.065 125.222 8.335
202303 6.575 127.348 6.682
202306 5.813 128.729 5.844
202309 5.858 129.860 5.838
202312 7.707 129.419 7.707

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.


Far Eastern Department Stores  (TPE:2903) 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.


Far Eastern Department Stores Cyclically Adjusted PS Ratio Related Terms

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


Far Eastern Department Stores (TPE:2903) Business Description

Traded in Other Exchanges
N/A
Address
No. 16, Xinzhan Road, 18th Floor, Banqiao District, New Taipei, TWN, 220
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores. The company also operates hypermarkets and shopping malls. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. The company also provides other services, such as vehicle repair and operation of parking lots and gas stations. Most of the company's stores are located in Taiwan.

Far Eastern Department Stores (TPE:2903) Headlines

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