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Av Tech (TPE:8072) Cyclically Adjusted PS Ratio : 1.87 (As of Jun. 20, 2024)


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What is Av Tech Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Av Tech's current share price is NT$31.70. Av Tech's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$16.93. Av Tech's Cyclically Adjusted PS Ratio for today is 1.87.

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

TPE:8072' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.25   Max: 1.77
Current: 1.72

During the past years, Av Tech's highest Cyclically Adjusted PS Ratio was 1.77. The lowest was 0.82. And the median was 1.25.

TPE:8072's Cyclically Adjusted PS Ratio is ranked worse than
68.62% of 698 companies
in the Business Services industry
Industry Median: 0.87 vs TPE:8072: 1.72

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.

Av Tech's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$2.813. 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$16.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Av Tech Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Av Tech'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.

Av Tech Cyclically Adjusted PS Ratio Chart

Av Tech 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 0.84 1.37 1.38 1.39 1.60

Av Tech 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 1.51 1.72 1.52 1.60 1.61

Competitive Comparison of Av Tech's Cyclically Adjusted PS Ratio

For the Security & Protection Services subindustry, Av Tech'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.


Av Tech's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Av Tech's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Av Tech 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.

Av Tech's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.70/16.93
=1.87

* 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.

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

For example, Av Tech'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)
=2.813/131.7762*131.7762
=2.813

Current CPI (Mar. 2024) = 131.7762.

Av Tech Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.646 100.560 6.088
201409 4.975 100.428 6.528
201412 4.749 99.070 6.317
201503 4.416 99.621 5.841
201506 3.842 100.684 5.028
201509 4.106 100.392 5.390
201512 3.401 99.792 4.491
201603 3.381 100.470 4.434
201606 3.393 101.688 4.397
201609 3.923 101.861 5.075
201612 3.653 101.863 4.726
201703 2.792 102.862 3.577
201706 2.769 103.349 3.531
201709 3.111 104.136 3.937
201712 2.846 104.011 3.606
201803 2.968 105.290 3.715
201806 2.782 106.317 3.448
201809 2.548 106.507 3.153
201812 2.410 105.998 2.996
201903 2.251 107.251 2.766
201906 2.175 108.070 2.652
201909 2.791 108.329 3.395
201912 2.741 108.420 3.331
202003 2.313 108.902 2.799
202006 2.834 108.767 3.434
202009 4.924 109.815 5.909
202012 5.020 109.897 6.019
202103 4.015 111.754 4.734
202106 3.889 114.631 4.471
202109 4.546 115.734 5.176
202112 3.964 117.630 4.441
202203 3.997 121.301 4.342
202206 4.132 125.017 4.355
202209 3.930 125.227 4.136
202212 3.284 125.222 3.456
202303 3.237 127.348 3.350
202306 3.451 128.729 3.533
202309 4.097 129.860 4.157
202312 3.676 129.419 3.743
202403 2.813 131.776 2.813

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.


Av Tech  (TPE:8072) 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.


Av Tech Cyclically Adjusted PS Ratio Related Terms

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


Av Tech (TPE:8072) Business Description

Traded in Other Exchanges
N/A
Address
10f, E Building, No.19-11,, San Chung Rd., Nankang, Taipei, TWN, 115
Av Tech Corp operates in the Taiwan surveillance industry. It is mainly engaged in the manufacturing of standalone digital video recorders. The company primarily provides IP cameras, network video recorders, digital video recorders, CCTV cameras and related accessories.

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