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Ya Horng Electronic Co (TPE:6201) Cyclically Adjusted PS Ratio : 1.31 (As of Sep. 21, 2024)


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What is Ya Horng Electronic Co Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Ya Horng Electronic Co's current share price is NT$58.40. Ya Horng Electronic Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was NT$44.46. Ya Horng Electronic Co's Cyclically Adjusted PS Ratio for today is 1.31.

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

TPE:6201' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.97   Max: 1.49
Current: 1.3

During the past years, Ya Horng Electronic Co's highest Cyclically Adjusted PS Ratio was 1.49. The lowest was 0.69. And the median was 0.97.

TPE:6201's Cyclically Adjusted PS Ratio is ranked worse than
68.79% of 298 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.855 vs TPE:6201: 1.30

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.

Ya Horng Electronic Co's adjusted revenue per share data for the three months ended in Jun. 2024 was NT$9.399. 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$44.46 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ya Horng Electronic Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ya Horng Electronic 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.

Ya Horng Electronic Co Cyclically Adjusted PS Ratio Chart

Ya Horng Electronic 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 0.81 0.89 1.01 0.88 1.25

Ya Horng Electronic Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.00 1.07 1.25 1.42 1.43

Competitive Comparison of Ya Horng Electronic Co's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, Ya Horng Electronic 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.


Ya Horng Electronic Co's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ya Horng Electronic Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ya Horng Electronic Co's Cyclically Adjusted PS Ratio falls into.



Ya Horng Electronic 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.

Ya Horng Electronic Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=58.40/44.46
=1.31

* 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.

Ya Horng Electronic Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Ya Horng Electronic Co's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=9.399/132.5538*132.5538
=9.399

Current CPI (Jun. 2024) = 132.5538.

Ya Horng Electronic Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 10.176 100.428 13.431
201412 9.704 99.070 12.984
201503 8.829 99.621 11.748
201506 9.195 100.684 12.106
201509 8.824 100.392 11.651
201512 7.938 99.792 10.544
201603 8.646 100.470 11.407
201606 9.811 101.688 12.789
201609 10.536 101.861 13.711
201612 9.629 101.863 12.530
201703 7.027 102.862 9.055
201706 8.376 103.349 10.743
201709 9.375 104.136 11.933
201712 9.243 104.011 11.779
201803 7.860 105.290 9.895
201806 8.759 106.317 10.921
201809 11.420 106.507 14.213
201812 8.252 105.998 10.319
201903 9.003 107.251 11.127
201906 9.756 108.070 11.966
201909 9.526 108.329 11.656
201912 7.711 108.420 9.427
202003 6.167 108.902 7.506
202006 8.584 108.767 10.461
202009 12.456 109.815 15.035
202012 11.873 109.897 14.321
202103 11.546 111.754 13.695
202106 10.105 114.631 11.685
202109 11.864 115.734 13.588
202112 10.208 117.630 11.503
202203 7.928 121.301 8.663
202206 7.819 125.017 8.290
202209 8.402 125.227 8.894
202212 9.269 125.222 9.812
202303 7.577 127.348 7.887
202306 8.964 128.729 9.230
202309 10.609 129.860 10.829
202312 10.786 129.419 11.047
202403 6.758 131.776 6.798
202406 9.399 132.554 9.399

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.


Ya Horng Electronic Co  (TPE:6201) 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.


Ya Horng Electronic Co Cyclically Adjusted PS Ratio Related Terms

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


Ya Horng Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No.35 Shalun, Anding Dist., Tainan City, TWN, 745
Ya Horng Electronic Co Ltd is a Taiwan-based electronic components manufacturing company. It is engaged in the production and sales of household appliances. Its products include electronic audio products, small household electrical appliances, health care products, etc.

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