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Sercomm (TPE:5388) Cyclically Adjusted PS Ratio : 0.58 (As of Jun. 11, 2024)


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What is Sercomm Cyclically Adjusted PS Ratio?

As of today (2024-06-11), Sercomm's current share price is NT$111.50. Sercomm's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$191.40. Sercomm's Cyclically Adjusted PS Ratio for today is 0.58.

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

TPE:5388' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.59   Max: 0.8
Current: 0.58

During the past years, Sercomm's highest Cyclically Adjusted PS Ratio was 0.80. The lowest was 0.44. And the median was 0.59.

TPE:5388's Cyclically Adjusted PS Ratio is ranked better than
68.99% of 1922 companies
in the Hardware industry
Industry Median: 1.08 vs TPE:5388: 0.58

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.

Sercomm's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$54.613. 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$191.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sercomm Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sercomm'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.

Sercomm Cyclically Adjusted PS Ratio Chart

Sercomm 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 0.67 0.62 0.52 0.46 0.73

Sercomm 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 0.55 0.59 0.67 0.73 0.71

Competitive Comparison of Sercomm's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Sercomm'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.


Sercomm's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Sercomm 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=111.50/191.4
=0.58

* 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.

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

For example, Sercomm'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)
=54.613/131.7762*131.7762
=54.613

Current CPI (Mar. 2024) = 131.7762.

Sercomm Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 25.267 100.560 33.111
201409 25.696 100.428 33.717
201412 25.753 99.070 34.255
201503 26.147 99.621 34.587
201506 35.356 100.684 46.274
201509 42.668 100.392 56.007
201512 39.075 99.792 51.599
201603 35.485 100.470 46.542
201606 37.481 101.688 48.571
201609 38.045 101.861 49.218
201612 36.110 101.863 46.714
201703 33.325 102.862 42.692
201706 37.705 103.349 48.076
201709 42.483 104.136 53.759
201712 41.107 104.011 52.080
201803 31.721 105.290 39.701
201806 29.196 106.317 36.187
201809 34.677 106.507 42.904
201812 39.310 105.998 48.870
201903 25.951 107.251 31.885
201906 27.176 108.070 33.137
201909 36.558 108.329 44.471
201912 37.464 108.420 45.535
202003 26.808 108.902 32.439
202006 37.230 108.767 45.106
202009 37.417 109.815 44.900
202012 40.587 109.897 48.667
202103 36.811 111.754 43.406
202106 38.783 114.631 44.584
202109 43.052 115.734 49.019
202112 50.142 117.630 56.172
202203 48.535 121.301 52.726
202206 58.529 125.017 61.694
202209 69.966 125.227 73.625
202212 67.129 125.222 70.643
202303 59.093 127.348 61.148
202306 59.505 128.729 60.914
202309 57.662 129.860 58.513
202312 54.908 129.419 55.908
202403 54.613 131.776 54.613

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.


Sercomm  (TPE:5388) 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.


Sercomm Cyclically Adjusted PS Ratio Related Terms

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


Sercomm (TPE:5388) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 3-1, YuanQu Street (Nankang Software Park), 8th Floor, Nan Kang, Taipei, TWN, 115
Sercomm Corporation is a provider of broadband networking software. The Company is primarily engaged in research and development, manufacturing and sales of networking communication software and equipment. Its mainstream products include Fixed mobile convergence products, Enterprise, Home gateway, IoT Solutions and Others. The firm has research centers in Taiwan and China and owns patented technologies.

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