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AP Memory Technology (TPE:6531) Cyclically Adjusted PS Ratio : 11.20 (As of Jun. 05, 2024)


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What is AP Memory Technology Cyclically Adjusted PS Ratio?

As of today (2024-06-05), AP Memory Technology's current share price is NT$366.00. AP Memory Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$32.67. AP Memory Technology's Cyclically Adjusted PS Ratio for today is 11.20.

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

TPE:6531' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.35   Med: 11.03   Max: 12.61
Current: 10.56

During the past years, AP Memory Technology's highest Cyclically Adjusted PS Ratio was 12.61. The lowest was 10.35. And the median was 11.03.

TPE:6531's Cyclically Adjusted PS Ratio is ranked worse than
90.31% of 681 companies
in the Semiconductors industry
Industry Median: 2.32 vs TPE:6531: 10.56

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.

AP Memory Technology's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$4.573. 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$32.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AP Memory Technology Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AP Memory Technology'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.

AP Memory Technology Cyclically Adjusted PS Ratio Chart

AP Memory Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
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AP Memory Technology 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 - - - - 12.26

Competitive Comparison of AP Memory Technology's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, AP Memory Technology'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.


AP Memory Technology's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



AP Memory Technology 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.

AP Memory Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=366.00/32.67
=11.20

* 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.

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

For example, AP Memory Technology'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)
=4.573/131.7762*131.7762
=4.573

Current CPI (Mar. 2024) = 131.7762.

AP Memory Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201503 5.594 99.621 7.400
201506 3.266 100.684 4.275
201509 4.407 100.392 5.785
201512 6.689 99.792 8.833
201603 5.392 100.470 7.072
201606 3.925 101.688 5.086
201609 4.309 101.861 5.574
201612 8.280 101.863 10.712
201703 7.904 102.862 10.126
201706 7.573 103.349 9.656
201709 6.190 104.136 7.833
201712 6.544 104.011 8.291
201803 8.190 105.290 10.250
201806 8.092 106.317 10.030
201809 7.913 106.507 9.790
201812 7.582 105.998 9.426
201903 4.457 107.251 5.476
201906 5.458 108.070 6.655
201909 6.620 108.329 8.053
201912 6.933 108.420 8.427
202003 6.062 108.902 7.335
202006 5.404 108.767 6.547
202009 5.605 109.815 6.726
202012 6.763 109.897 8.109
202103 8.157 111.754 9.618
202106 10.848 114.631 12.470
202109 13.412 115.734 15.271
202112 11.532 117.630 12.919
202203 9.660 121.301 10.494
202206 9.423 125.017 9.932
202209 7.274 125.227 7.654
202212 5.065 125.222 5.330
202303 4.461 127.348 4.616
202306 6.727 128.729 6.886
202309 7.583 129.860 7.695
202312 7.110 129.419 7.239
202403 4.573 131.776 4.573

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.


AP Memory Technology  (TPE:6531) 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.


AP Memory Technology Cyclically Adjusted PS Ratio Related Terms

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


AP Memory Technology (TPE:6531) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288
AP Memory Technology Corp is a memory IC design company. The company is engaged in manufacturing and developing mobile DRAM based specialty memory products for mobile, wearable, and Internet of Things devices. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile.

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