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Benchmark Electronics (Benchmark Electronics) Cyclically Adjusted PS Ratio : 0.46 (As of Apr. 28, 2024)


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What is Benchmark Electronics Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Benchmark Electronics's current share price is $31.36. Benchmark Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $68.89. Benchmark Electronics's Cyclically Adjusted PS Ratio for today is 0.46.

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

BHE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.51   Max: 0.77
Current: 0.46

During the past years, Benchmark Electronics's highest Cyclically Adjusted PS Ratio was 0.77. The lowest was 0.32. And the median was 0.51.

BHE's Cyclically Adjusted PS Ratio is ranked better than
73.11% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs BHE: 0.46

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.

Benchmark Electronics's adjusted revenue per share data for the three months ended in Dec. 2023 was $19.069. 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 $68.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Benchmark Electronics Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Benchmark Electronics'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.

Benchmark Electronics Cyclically Adjusted PS Ratio Chart

Benchmark Electronics 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 0.67 0.51 0.46 0.41 0.40

Benchmark Electronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.41 0.36 0.38 0.35 0.40

Competitive Comparison of Benchmark Electronics's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Benchmark 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.


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

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

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



Benchmark Electronics 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.

Benchmark Electronics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.36/68.89
=0.46

* 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.

Benchmark Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Benchmark Electronics's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=19.069/129.4194*129.4194
=19.069

Current CPI (Dec. 2023) = 129.4194.

Benchmark Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 11.779 99.695 15.291
201406 13.177 100.560 16.959
201409 13.476 100.428 17.366
201412 13.207 99.070 17.253
201503 11.706 99.621 15.207
201506 12.607 100.684 16.205
201509 12.216 100.392 15.748
201512 12.267 99.792 15.909
201603 10.922 100.470 14.069
201606 11.665 101.688 14.846
201609 11.623 101.861 14.768
201612 12.471 101.863 15.845
201703 11.140 102.862 14.016
201706 12.333 103.349 15.444
201709 12.138 104.136 15.085
201712 13.436 104.011 16.718
201803 12.534 105.290 15.407
201806 13.869 106.317 16.883
201809 13.792 106.507 16.759
201812 14.807 105.998 18.079
201903 14.756 107.251 17.806
201906 15.592 108.070 18.672
201909 14.749 108.329 17.620
201912 13.559 108.420 16.185
202003 13.891 108.902 16.508
202006 13.474 108.767 16.032
202009 14.392 109.815 16.961
202012 14.162 109.897 16.678
202103 13.776 111.754 15.954
202106 15.104 114.631 17.052
202109 16.034 115.734 17.930
202112 17.811 117.630 19.596
202203 17.933 121.301 19.133
202206 20.603 125.017 21.329
202209 21.828 125.227 22.559
202212 20.817 125.222 21.515
202303 19.518 127.348 19.836
202306 20.553 128.729 20.663
202309 20.061 129.860 19.993
202312 19.069 129.419 19.069

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.


Benchmark Electronics  (NYSE:BHE) 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.


Benchmark Electronics Cyclically Adjusted PS Ratio Related Terms

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


Benchmark Electronics (Benchmark Electronics) Business Description

Traded in Other Exchanges
Address
56 South Rockford Drive, Tempe, AZ, USA, 85288
Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.
Executives
David Valkanoff officer: EVP, Chief Operating Officer C/O BENCHMARK ELECTRONICS INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85288
David Moezidis officer: EVP, Chief Commercial Officer C/O BENCHMARK ELECTRONICS INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85288
Douglas Britt director 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Jeffrey Stephen Mccreary director C/O MIPS TECHNOLOGIES, INC., 955 EAST ARQUES AVENUE, SUNNYVALE CA 94085
Jeff Benck director, officer: President and CEO BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Rhonda R Turner officer: Chief Human Resources Officer 20410 NORTH 19TH AVENUE, STE 200, PHOENIX AZ 85027
Ramesh Gopalakrishnan director 8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Greef-safft Anne De director 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Roop Kalyan Lakkaraju officer: CFO BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Lynn A Wentworth director CINCINNATI BELL INC, P O BOX 2301, CINCINNATI OH 45201
Lisa K Weeks officer: Vice President 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Douglas G Duncan director 1715 AARON BRENNER DR STE 600, MEMPHIS TN 38120
Robert K Gifford director 370 WABASHA STREET NORTH, ST. PAUL MN 55102
Robert Crawford officer: Chief Revenue Officer 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Stephen J Beaver officer: VP and General Counsel 7440 E. EDWARD LANE, SCOTTSDALE AZ 85250