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Chang Wah Electronmaterials (TPE:8070) Cyclically Adjusted PS Ratio : 2.26 (As of Sep. 22, 2024)


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What is Chang Wah Electronmaterials Cyclically Adjusted PS Ratio?

As of today (2024-09-22), Chang Wah Electronmaterials's current share price is NT$65.60. Chang Wah Electronmaterials's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was NT$29.04. Chang Wah Electronmaterials's Cyclically Adjusted PS Ratio for today is 2.26.

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

TPE:8070' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.14   Max: 2.26
Current: 2.26

During the past years, Chang Wah Electronmaterials's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 0.49. And the median was 1.14.

TPE:8070's Cyclically Adjusted PS Ratio is ranked worse than
69.91% of 1708 companies
in the Hardware industry
Industry Median: 1.13 vs TPE:8070: 2.26

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.

Chang Wah Electronmaterials's adjusted revenue per share data for the three months ended in Jun. 2024 was NT$6.076. 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$29.04 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Wah Electronmaterials Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Chang Wah Electronmaterials'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.

Chang Wah Electronmaterials Cyclically Adjusted PS Ratio Chart

Chang Wah Electronmaterials 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 0.72 1.24 1.46 1.06 1.22

Chang Wah Electronmaterials 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 1.18 1.07 1.22 1.37 1.56

Competitive Comparison of Chang Wah Electronmaterials's Cyclically Adjusted PS Ratio

For the Electronics & Computer Distribution subindustry, Chang Wah Electronmaterials'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.


Chang Wah Electronmaterials's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Chang Wah Electronmaterials 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.

Chang Wah Electronmaterials's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.60/29.04
=2.26

* 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.

Chang Wah Electronmaterials's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Chang Wah Electronmaterials'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)
=6.076/132.5538*132.5538
=6.076

Current CPI (Jun. 2024) = 132.5538.

Chang Wah Electronmaterials Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 6.379 100.428 8.420
201412 6.461 99.070 8.645
201503 5.877 99.621 7.820
201506 5.541 100.684 7.295
201509 4.608 100.392 6.084
201512 4.933 99.792 6.552
201603 4.447 100.470 5.867
201606 3.775 101.688 4.921
201609 3.600 101.861 4.685
201612 3.977 101.863 5.175
201703 3.934 102.862 5.070
201706 6.060 103.349 7.772
201709 5.979 104.136 7.611
201712 6.105 104.011 7.780
201803 6.116 105.290 7.700
201806 6.311 106.317 7.868
201809 6.439 106.507 8.014
201812 5.833 105.998 7.294
201903 5.412 107.251 6.689
201906 5.645 108.070 6.924
201909 6.595 108.329 8.070
201912 6.553 108.420 8.012
202003 5.914 108.902 7.198
202006 6.442 108.767 7.851
202009 6.390 109.815 7.713
202012 6.944 109.897 8.376
202103 6.995 111.754 8.297
202106 7.112 114.631 8.224
202109 7.936 115.734 9.089
202112 8.255 117.630 9.302
202203 8.190 121.301 8.950
202206 8.424 125.017 8.932
202209 8.104 125.227 8.578
202212 7.150 125.222 7.569
202303 6.081 127.348 6.330
202306 5.927 128.729 6.103
202309 5.659 129.860 5.776
202312 5.894 129.419 6.037
202403 5.701 131.776 5.735
202406 6.076 132.554 6.076

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.


Chang Wah Electronmaterials  (TPE:8070) 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.


Chang Wah Electronmaterials Cyclically Adjusted PS Ratio Related Terms

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


Chang Wah Electronmaterials Business Description

Traded in Other Exchanges
N/A
Address
No. 16, East 7th Street, 6th Floor, Nanzi District, Kaohsiung, TWN, 811
Chang Wah Electronmaterials Inc. is a Taiwan-based company engaged in distributing materials and equipment for integrated circuit (IC) packaging. It offers products such as IC packaging materials and devices including sealant resins, conductive adhesives, non-conductive adhesives, lead frames, auto molding equipment, as well as trim and form equipment, and TFT-LCD materials, including chip on film (COF) substrates, light guide plates and optical films, as well as LED lead frames and solar power systems. Its segment includes The Corporation; CWTC and its subsidiaries and others. Geographically, it derives a majority of its revenue from Asia.

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