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104 (TPE:3130) Cyclically Adjusted PS Ratio : 3.84 (As of Apr. 29, 2024)


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What is 104 Cyclically Adjusted PS Ratio?

As of today (2024-04-29), 104's current share price is NT$227.50. 104's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was NT$59.25. 104's Cyclically Adjusted PS Ratio for today is 3.84.

The historical rank and industry rank for 104's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:3130' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.23   Med: 3.15   Max: 3.93
Current: 3.84

During the past years, 104's highest Cyclically Adjusted PS Ratio was 3.93. The lowest was 2.23. And the median was 3.15.

TPE:3130's Cyclically Adjusted PS Ratio is ranked worse than
87.01% of 685 companies
in the Business Services industry
Industry Median: 0.89 vs TPE:3130: 3.84

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.

104's adjusted revenue per share data for the three months ended in Dec. 2023 was NT$16.989. 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$59.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


104 Cyclically Adjusted PS Ratio Historical Data

The historical data trend for 104'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.

104 Cyclically Adjusted PS Ratio Chart

104 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 2.78 2.85 3.12 3.47 3.58

104 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 3.47 3.49 3.56 3.36 3.58

Competitive Comparison of 104's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, 104'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.


104's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, 104's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where 104's Cyclically Adjusted PS Ratio falls into.



104 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=227.50/59.25
=3.84

* 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.

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

For example, 104'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)
=16.989/129.4194*129.4194
=16.989

Current CPI (Dec. 2023) = 129.4194.

104 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 16.759 99.695 21.756
201406 18.740 100.560 24.118
201409 19.593 100.428 25.249
201412 -16.246 99.070 -21.223
201503 9.427 99.621 12.247
201506 11.313 100.684 14.542
201509 11.130 100.392 14.348
201512 10.272 99.792 13.322
201603 10.287 100.470 13.251
201606 11.343 101.688 14.436
201609 11.573 101.861 14.704
201612 10.426 101.863 13.247
201703 10.789 102.862 13.575
201706 11.892 103.349 14.892
201709 12.007 104.136 14.922
201712 11.445 104.011 14.241
201803 10.993 105.290 13.512
201806 12.457 106.317 15.164
201809 12.452 106.507 15.131
201812 11.357 105.998 13.866
201903 11.310 107.251 13.648
201906 12.962 108.070 15.523
201909 12.779 108.329 15.267
201912 12.027 108.420 14.356
202003 11.896 108.902 14.137
202006 11.732 108.767 13.960
202009 12.996 109.815 15.316
202012 12.366 109.897 14.563
202103 13.128 111.754 15.203
202106 13.696 114.631 15.463
202109 13.769 115.734 15.397
202112 14.808 117.630 16.292
202203 15.586 121.301 16.629
202206 16.584 125.017 17.168
202209 17.384 125.227 17.966
202212 15.695 125.222 16.221
202303 15.894 127.348 16.153
202306 18.049 128.729 18.146
202309 18.838 129.860 18.774
202312 16.989 129.419 16.989

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.


104  (TPE:3130) 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.


104 Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of 104's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


104 (TPE:3130) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 119-1, Baozhong Road, 10th Floor, Xindian District, New Taipei City, Taipei, TWN, 231
104 Corp is engaged in providing online recruitment services. The company through its website provides recruitment advertisements, business advertisements, senior executives hunting services, human resource management software, and others. Geographically, it derives a majority of its revenue from Taiwan.

104 (TPE:3130) Headlines

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