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AAC Technologies Holdings (AAC Technologies Holdings) Cyclically Adjusted PS Ratio : 1.41 (As of Apr. 28, 2024)


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What is AAC Technologies Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-28), AAC Technologies Holdings's current share price is $3.0505. AAC Technologies Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $2.17. AAC Technologies Holdings's Cyclically Adjusted PS Ratio for today is 1.41.

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

AACAY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78   Med: 5.92   Max: 25.6
Current: 1.47

During the past 13 years, AAC Technologies Holdings's highest Cyclically Adjusted PS Ratio was 25.60. The lowest was 0.78. And the median was 5.92.

AACAY's Cyclically Adjusted PS Ratio is ranked worse than
64.48% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs AACAY: 1.47

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.

AAC Technologies Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $2.417. 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 $2.17 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


AAC Technologies Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AAC Technologies Holdings'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.

AAC Technologies Holdings Cyclically Adjusted PS Ratio Chart

AAC Technologies Holdings 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 5.67 3.28 2.09 1.11 1.33

AAC Technologies Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.09 - 1.11 - 1.33

Competitive Comparison of AAC Technologies Holdings's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, AAC Technologies Holdings'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.


AAC Technologies Holdings's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



AAC Technologies Holdings 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.

AAC Technologies Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.0505/2.17
=1.41

* 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.

AAC Technologies Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, AAC Technologies Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=2.417/117.2957*117.2957
=2.417

Current CPI (Dec23) = 117.2957.

AAC Technologies Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.168 99.707 1.374
201512 1.482 102.015 1.704
201612 1.825 103.225 2.074
201712 2.615 104.984 2.922
201812 2.156 107.622 2.350
201912 2.107 110.700 2.233
202012 2.169 109.711 2.319
202112 2.299 112.349 2.400
202212 2.463 114.548 2.522
202312 2.417 117.296 2.417

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.


AAC Technologies Holdings  (OTCPK:AACAY) 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.


AAC Technologies Holdings Cyclically Adjusted PS Ratio Related Terms

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


AAC Technologies Holdings (AAC Technologies Holdings) Business Description

Address
38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG
AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.