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Gigabyte Technology Co (TPE:2376) Cyclically Adjusted PS Ratio : 2.13 (As of May. 26, 2024)


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What is Gigabyte Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Gigabyte Technology Co's current share price is NT$319.00. Gigabyte Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$149.57. Gigabyte Technology Co's Cyclically Adjusted PS Ratio for today is 2.13.

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

TPE:2376' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.9   Max: 2.69
Current: 2.13

During the past years, Gigabyte Technology Co's highest Cyclically Adjusted PS Ratio was 2.69. The lowest was 0.45. And the median was 0.90.

TPE:2376's Cyclically Adjusted PS Ratio is ranked worse than
71.9% of 1922 companies
in the Hardware industry
Industry Median: 1.07 vs TPE:2376: 2.13

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.

Gigabyte Technology Co's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$83.217. 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 NT$149.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gigabyte Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gigabyte Technology Co'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.

Gigabyte Technology Co Cyclically Adjusted PS Ratio Chart

Gigabyte Technology Co 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 0.55 0.82 1.39 0.84 1.88

Gigabyte Technology Co 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 1.02 1.82 2.04 1.88 2.12

Competitive Comparison of Gigabyte Technology Co's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Gigabyte Technology Co'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.


Gigabyte Technology Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Gigabyte Technology Co 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.

Gigabyte Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=319.00/149.57
=2.13

* 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.

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

For example, Gigabyte Technology Co'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)
=83.217/131.7762*131.7762
=83.217

Current CPI (Mar. 2024) = 131.7762.

Gigabyte Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 19.974 100.560 26.175
201409 21.474 100.428 28.177
201412 20.268 99.070 26.959
201503 20.071 99.621 26.549
201506 18.422 100.684 24.111
201509 21.921 100.392 28.774
201512 19.367 99.792 25.574
201603 20.405 100.470 26.763
201606 18.914 101.688 24.510
201609 23.241 101.861 30.067
201612 18.807 101.863 24.330
201703 20.719 102.862 26.543
201706 21.795 103.349 27.790
201709 26.689 104.136 33.773
201712 23.295 104.011 29.513
201803 31.444 105.290 39.354
201806 22.178 106.317 27.489
201809 21.007 106.507 25.991
201812 19.671 105.998 24.455
201903 24.954 107.251 30.660
201906 19.222 108.070 23.439
201909 27.747 108.329 33.753
201912 24.253 108.420 29.478
202003 26.849 108.902 32.489
202006 32.618 108.767 39.518
202009 35.847 109.815 43.016
202012 36.194 109.897 43.400
202103 44.018 111.754 51.904
202106 49.410 114.631 56.800
202109 48.195 115.734 54.875
202112 47.947 117.630 53.713
202203 50.301 121.301 54.645
202206 35.317 125.017 37.227
202209 37.658 125.227 39.628
202212 43.240 125.222 45.503
202303 43.613 127.348 45.130
202306 41.131 128.729 42.105
202309 57.818 129.860 58.671
202312 68.389 129.419 69.634
202403 83.217 131.776 83.217

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.


Gigabyte Technology Co  (TPE:2376) 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.


Gigabyte Technology Co Cyclically Adjusted PS Ratio Related Terms

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


Gigabyte Technology Co (TPE:2376) Business Description

Traded in Other Exchanges
N/A
Address
No 6, Baoqiang Road, Xindian District, New Taipei City, TWN, 231
Gigabyte Technology Co Ltd is a Taiwan-based manufacturer and distributor of computer hardware products. Its products include motherboards for third-party platforms and servers, graphics cards, notebooks, desktop computers, ultrabooks, tablets, mobile phones, server racks, networking equipment, optical drives, computer monitors, keyboards, cooling components, computer cases, and power supplies.

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