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Qorvo (BSP:Q1RV34) Cyclically Adjusted PS Ratio : 3.28 (As of May. 16, 2024)


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What is Qorvo Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Qorvo's current share price is R$250.30. Qorvo's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$76.25. Qorvo's Cyclically Adjusted PS Ratio for today is 3.28.

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

BSP:Q1RV34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.83   Med: 3.38   Max: 3.83
Current: 3.2

During the past years, Qorvo's highest Cyclically Adjusted PS Ratio was 3.83. The lowest was 2.83. And the median was 3.38.

BSP:Q1RV34's Cyclically Adjusted PS Ratio is ranked worse than
61.11% of 684 companies
in the Semiconductors industry
Industry Median: 2.335 vs BSP:Q1RV34: 3.20

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.

Qorvo's adjusted revenue per share data for the three months ended in Dec. 2023 was R$27.080. 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 R$76.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qorvo Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Qorvo'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.

Qorvo Cyclically Adjusted PS Ratio Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Qorvo 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 - 3.41 3.13 3.60 -

Competitive Comparison of Qorvo's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Qorvo'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.


Qorvo's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Qorvo 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.

Qorvo's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=250.30/76.25
=3.28

* 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.

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

For example, Qorvo'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)
=27.08/129.4194*129.4194
=27.080

Current CPI (Dec. 2023) = 129.4194.

Qorvo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.005 99.695 2.603
201406 2.382 100.560 3.066
201409 2.855 100.428 3.679
201412 3.533 99.070 4.615
201503 6.690 99.621 8.691
201506 6.785 100.684 8.721
201509 9.168 100.392 11.819
201512 8.643 99.792 11.209
201603 8.457 100.470 10.894
201606 9.375 101.688 11.932
201609 10.629 101.861 13.505
201612 10.924 101.863 13.879
201703 7.946 102.862 9.998
201706 8.317 103.349 10.415
201709 9.840 104.136 12.229
201712 10.968 104.011 13.647
201803 8.621 105.290 10.597
201806 10.349 106.317 12.598
201809 14.134 106.507 17.175
201812 12.741 105.998 15.556
201903 10.515 107.251 12.688
201906 12.345 108.070 14.784
201909 13.913 108.329 16.622
201912 15.057 108.420 17.973
202003 16.305 108.902 19.377
202006 17.497 108.767 20.819
202009 24.642 109.815 29.041
202012 24.343 109.897 28.667
202103 26.216 111.754 30.360
202106 24.516 114.631 27.679
202109 29.474 115.734 32.959
202112 28.424 117.630 31.273
202203 26.635 121.301 28.418
202206 24.633 125.017 25.500
202209 29.286 125.227 30.267
202212 19.312 125.222 19.959
202303 16.373 127.348 16.639
202306 16.042 128.729 16.128
202309 27.639 129.860 27.545
202312 27.080 129.419 27.080

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.


Qorvo  (BSP:Q1RV34) 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.


Qorvo Cyclically Adjusted PS Ratio Related Terms

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


Qorvo (BSP:Q1RV34) Business Description

Industry
Traded in Other Exchanges
Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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