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Harmony Electronics (ROCO:8182) Cyclically Adjusted Revenue per Share : NT$32.55 (As of Mar. 2025)


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What is Harmony Electronics Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Harmony Electronics's adjusted revenue per share for the three months ended in Mar. 2025 was NT$6.433. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$32.55 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Harmony Electronics's average Cyclically Adjusted Revenue Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Harmony Electronics was 0.50% per year. The lowest was -3.30% per year. And the median was 0.20% per year.

As of today (2025-05-28), Harmony Electronics's current stock price is NT$30.25. Harmony Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was NT$32.55. Harmony Electronics's Cyclically Adjusted PS Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Harmony Electronics was 1.92. The lowest was 0.52. And the median was 1.00.


Harmony Electronics Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Harmony Electronics's Cyclically Adjusted Revenue per Share 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.

Harmony Electronics Cyclically Adjusted Revenue per Share Chart

Harmony Electronics Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.99 31.82 32.43 32.16 32.28

Harmony Electronics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Revenue per Share 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 32.59 32.61 32.49 32.28 32.55

Competitive Comparison of Harmony Electronics's Cyclically Adjusted Revenue per Share

For the Scientific & Technical Instruments subindustry, Harmony Electronics'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.


Harmony Electronics's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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


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Harmony Electronics Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Harmony Electronics's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.433/134.9266*134.9266
=6.433

Current CPI (Mar. 2025) = 134.9266.

Harmony Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 6.376 100.684 8.544
201509 6.759 100.392 9.084
201512 7.348 99.792 9.935
201603 6.076 100.470 8.160
201606 6.125 101.688 8.127
201609 7.193 101.861 9.528
201612 7.930 101.863 10.504
201703 6.329 102.862 8.302
201706 6.671 103.349 8.709
201709 7.089 104.136 9.185
201712 6.389 104.011 8.288
201803 6.070 105.290 7.779
201806 6.457 106.317 8.195
201809 6.906 106.507 8.749
201812 6.269 105.998 7.980
201903 5.358 107.251 6.741
201906 5.708 108.070 7.127
201909 6.637 108.329 8.267
201912 6.829 108.420 8.499
202003 5.789 108.902 7.172
202006 6.786 108.767 8.418
202009 7.760 109.815 9.535
202012 7.860 109.897 9.650
202103 7.536 111.754 9.099
202106 8.601 114.631 10.124
202109 8.677 115.734 10.116
202112 8.665 117.630 9.939
202203 7.237 121.301 8.050
202206 6.849 125.017 7.392
202209 6.990 125.227 7.531
202212 5.686 125.222 6.127
202303 5.129 127.348 5.434
202306 6.244 128.729 6.545
202309 6.927 129.860 7.197
202312 7.011 129.419 7.309
202403 6.387 131.776 6.540
202406 6.773 132.554 6.894
202409 7.275 133.029 7.379
202412 6.868 133.157 6.959
202503 6.433 134.927 6.433

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Harmony Electronics  (ROCO:8182) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Harmony Electronics's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=30.25/32.55
=0.93

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Harmony Electronics was 1.92. The lowest was 0.52. And the median was 1.00.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Harmony Electronics Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Harmony Electronics's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Harmony Electronics Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 39, Huadong Road, Dafa Industrial Park, Daliao District, Kaohsiung, TWN, 831
Harmony Electronics Corp is engaged in manufacturing, processing, trading, and import and export of quartz crystals, quartz oscillators, and wave filters. Its geographical regions include Taiwan which generates key revenue, Thailand, and China. The company product categories include Crystal, 2-in-1 Thermistor Crystal, Oscillator, MEMS Microphone, and others. Its application is used in Data Communication, Consumer, Industrial, and systems.

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