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Systex (TPE:6214) Cyclically Adjusted PS Ratio : 1.05 (As of May. 25, 2024)


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What is Systex Cyclically Adjusted PS Ratio?

As of today (2024-05-25), Systex's current share price is NT$121.00. Systex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$115.35. Systex's Cyclically Adjusted PS Ratio for today is 1.05.

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

TPE:6214' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.03   Max: 1.18
Current: 1.08

During the past years, Systex's highest Cyclically Adjusted PS Ratio was 1.18. The lowest was 0.66. And the median was 1.03.

TPE:6214's Cyclically Adjusted PS Ratio is ranked better than
64.57% of 1445 companies
in the Software industry
Industry Median: 1.85 vs TPE:6214: 1.08

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.

Systex's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$40.736. 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$115.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Systex Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Systex'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.

Systex Cyclically Adjusted PS Ratio Chart

Systex 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 1.04 1.14 0.96 0.69 1.01

Systex 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 0.76 1.03 0.97 1.01 1.03

Competitive Comparison of Systex's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Systex'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.


Systex's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Systex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=121.00/115.35
=1.05

* 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.

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

For example, Systex'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)
=40.736/131.7762*131.7762
=40.736

Current CPI (Mar. 2024) = 131.7762.

Systex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 14.594 100.560 19.124
201409 15.871 100.428 20.825
201412 18.327 99.070 24.377
201503 15.417 99.621 20.393
201506 15.920 100.684 20.836
201509 15.548 100.392 20.409
201512 19.223 99.792 25.384
201603 15.132 100.470 19.847
201606 16.184 101.688 20.973
201609 15.857 101.861 20.514
201612 13.599 101.863 17.593
201703 15.062 102.862 19.296
201706 16.534 103.349 21.082
201709 17.547 104.136 22.204
201712 19.435 104.011 24.623
201803 16.846 105.290 21.084
201806 19.698 106.317 24.415
201809 20.542 106.507 25.416
201812 31.090 105.998 38.651
201903 20.030 107.251 24.610
201906 21.936 108.070 26.748
201909 22.835 108.329 27.777
201912 24.073 108.420 29.259
202003 23.151 108.902 28.014
202006 23.641 108.767 28.642
202009 22.408 109.815 26.889
202012 26.290 109.897 31.524
202103 29.575 111.754 34.874
202106 27.559 114.631 31.681
202109 31.399 115.734 35.751
202112 41.082 117.630 46.023
202203 31.061 121.301 33.743
202206 31.032 125.017 32.710
202209 34.325 125.227 36.120
202212 49.646 125.222 52.245
202303 33.045 127.348 34.194
202306 33.427 128.729 34.218
202309 33.489 129.860 33.983
202312 55.721 129.419 56.736
202403 40.736 131.776 40.736

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.


Systex  (TPE:6214) 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.


Systex Cyclically Adjusted PS Ratio Related Terms

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


Systex (TPE:6214) Business Description

Industry
Traded in Other Exchanges
N/A
Address
318 Rueiguang Road, Neihu District, Taiepi, TWN, 114
Systex Corp is a Taiwan-based provider of software and hardware solutions and outsourcing services. The firm's operations are organized into the following segments: Financial Business integration, which provides digital financial technologies and solutions; Technological Business Integration, which provides data technology and customer analytics; Outsourcing Business Integration, which provides IT maintenance; Commercial Software Business Unit, which engages in software procurement services; and the Knowledge Product Business Unit, which provides customers with IT training. The majority of the company's revenue comes from Taiwan.

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