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Texas Instruments (FRA:TII) Cyclically Adjusted PS Ratio : 9.66 (As of Apr. 27, 2024)


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What is Texas Instruments Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Texas Instruments's current share price is €166.44. Texas Instruments's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €17.23. Texas Instruments's Cyclically Adjusted PS Ratio for today is 9.66.

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

FRA:TII' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.47   Med: 8.14   Max: 13.35
Current: 9.37

During the past years, Texas Instruments's highest Cyclically Adjusted PS Ratio was 13.35. The lowest was 3.47. And the median was 8.14.

FRA:TII's Cyclically Adjusted PS Ratio is ranked worse than
88.69% of 672 companies
in the Semiconductors industry
Industry Median: 2.24 vs FRA:TII: 9.37

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.

Texas Instruments's adjusted revenue per share data for the three months ended in Mar. 2024 was €3.673. 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 €17.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Instruments Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Texas Instruments'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.

Texas Instruments Cyclically Adjusted PS Ratio Chart

Texas Instruments 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 9.23 11.50 11.90 9.39 9.13

Texas Instruments 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 10.31 9.80 8.53 9.13 9.31

Competitive Comparison of Texas Instruments's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Texas Instruments'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.


Texas Instruments's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Texas Instruments 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.

Texas Instruments's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=166.44/17.23
=9.66

* 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.

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

For example, Texas Instruments'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)
=3.673/129.4194*129.4194
=3.673

Current CPI (Mar. 2024) = 129.4194.

Texas Instruments Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.231 100.560 2.871
201409 2.530 100.428 3.260
201412 2.489 99.070 3.251
201503 2.743 99.621 3.563
201506 2.740 100.684 3.522
201509 2.952 100.392 3.806
201512 2.856 99.792 3.704
201603 2.643 100.470 3.405
201606 2.856 101.688 3.635
201609 3.201 101.861 4.067
201612 3.179 101.863 4.039
201703 3.122 102.862 3.928
201706 3.238 103.349 4.055
201709 3.426 104.136 4.258
201712 3.150 104.011 3.919
201803 3.058 105.290 3.759
201806 3.449 106.317 4.198
201809 3.692 106.507 4.486
201812 3.372 105.998 4.117
201903 3.327 107.251 4.015
201906 3.406 108.070 4.079
201909 3.604 108.329 4.306
201912 3.177 108.420 3.792
202003 3.195 108.902 3.797
202006 3.103 108.767 3.692
202009 3.488 109.815 4.111
202012 3.591 109.897 4.229
202103 3.853 111.754 4.462
202106 4.057 114.631 4.580
202109 4.216 115.734 4.715
202112 4.569 117.630 5.027
202203 4.768 121.301 5.087
202206 5.302 125.017 5.489
202209 5.735 125.227 5.927
202212 4.808 125.222 4.969
202303 4.465 127.348 4.538
202306 4.566 128.729 4.590
202309 4.636 129.860 4.620
202312 4.081 129.419 4.081
202403 3.673 129.419 3.673

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.


Texas Instruments  (FRA:TII) 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.


Texas Instruments Cyclically Adjusted PS Ratio Related Terms

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


Texas Instruments (FRA:TII) Business Description

Address
12500 TI Boulevard, Dallas, TX, USA, 75243
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.

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