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Chia Chang Co (TPE:4942) Cyclically Adjusted PS Ratio : 0.76 (As of May. 01, 2024)


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What is Chia Chang Co Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Chia Chang Co's current share price is NT$45.80. Chia Chang Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was NT$60.15. Chia Chang Co's Cyclically Adjusted PS Ratio for today is 0.76.

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

TPE:4942' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.69   Max: 0.91
Current: 0.76

During the past years, Chia Chang Co's highest Cyclically Adjusted PS Ratio was 0.91. The lowest was 0.47. And the median was 0.69.

TPE:4942's Cyclically Adjusted PS Ratio is ranked better than
60.5% of 1896 companies
in the Hardware industry
Industry Median: 1.02 vs TPE:4942: 0.76

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.

Chia Chang Co's adjusted revenue per share data for the three months ended in Dec. 2023 was NT$10.380. 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$60.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chia Chang Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Chia Chang Co'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.

Chia Chang Co Cyclically Adjusted PS Ratio Chart

Chia Chang Co 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 0.71 0.67 0.84 0.57 0.72

Chia Chang Co 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 0.57 0.61 0.67 0.71 0.72

Competitive Comparison of Chia Chang Co's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Chia Chang Co'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.


Chia Chang Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Chia Chang Co 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.

Chia Chang Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.80/60.15
=0.76

* 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.

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

For example, Chia Chang Co'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)
=10.38/129.4194*129.4194
=10.380

Current CPI (Dec. 2023) = 129.4194.

Chia Chang Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 15.173 99.695 19.697
201406 15.587 100.560 20.060
201409 16.375 100.428 21.102
201412 14.812 99.070 19.350
201503 12.354 99.621 16.049
201506 11.592 100.684 14.900
201509 10.633 100.392 13.707
201512 11.635 99.792 15.089
201603 10.572 100.470 13.618
201606 10.981 101.688 13.976
201609 9.963 101.861 12.658
201612 11.002 101.863 13.978
201703 9.924 102.862 12.486
201706 11.049 103.349 13.836
201709 10.529 104.136 13.085
201712 12.244 104.011 15.235
201803 9.653 105.290 11.865
201806 12.002 106.317 14.610
201809 13.504 106.507 16.409
201812 14.788 105.998 18.056
201903 13.004 107.251 15.692
201906 12.098 108.070 14.488
201909 13.799 108.329 16.485
201912 14.364 108.420 17.146
202003 9.633 108.902 11.448
202006 12.892 108.767 15.340
202009 13.859 109.815 16.333
202012 14.407 109.897 16.966
202103 13.994 111.754 16.206
202106 15.365 114.631 17.347
202109 15.071 115.734 16.853
202112 16.353 117.630 17.992
202203 15.446 121.301 16.480
202206 15.037 125.017 15.567
202209 13.014 125.227 13.450
202212 10.938 125.222 11.305
202303 9.828 127.348 9.988
202306 10.938 128.729 10.997
202309 11.307 129.860 11.269
202312 10.380 129.419 10.380

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.


Chia Chang Co  (TPE:4942) 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.


Chia Chang Co Cyclically Adjusted PS Ratio Related Terms

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


Chia Chang Co (TPE:4942) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 45, Lane 205, Nanshan Road, Section 2, Luchu Township, Taoyuan, TWN, 338
Chia Chang Co Ltd is a Taiwan-based company that engages mainly in the manufacturing, processing, and trading of various precision machinery, related mechanical mold components, mechanical steel mold accessories, and computer peripheral equipment. Its reportable segments are Stamping Department and Others, and the majority of revenue is derived from Stamping Business.

Chia Chang Co (TPE:4942) Headlines

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