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Emerging Display Technologies (TPE:3038) Cyclically Adjusted PS Ratio : 1.19 (As of Jun. 07, 2024)


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What is Emerging Display Technologies Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Emerging Display Technologies's current share price is NT$32.40. Emerging Display Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$27.18. Emerging Display Technologies's Cyclically Adjusted PS Ratio for today is 1.19.

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

TPE:3038' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.9   Max: 1.59
Current: 1.2

During the past years, Emerging Display Technologies's highest Cyclically Adjusted PS Ratio was 1.59. The lowest was 0.63. And the median was 0.90.

TPE:3038's Cyclically Adjusted PS Ratio is ranked worse than
52.76% of 1922 companies
in the Hardware industry
Industry Median: 1.1 vs TPE:3038: 1.20

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.

Emerging Display Technologies's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$6.355. 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$27.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emerging Display Technologies Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Emerging Display Technologies'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.

Emerging Display Technologies Cyclically Adjusted PS Ratio Chart

Emerging Display Technologies 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 0.87 0.93 0.85 0.81 1.13

Emerging Display Technologies 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 1.01 1.59 1.17 1.13 1.20

Competitive Comparison of Emerging Display Technologies's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Emerging Display Technologies'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.


Emerging Display Technologies's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Emerging Display Technologies 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.

Emerging Display Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.40/27.18
=1.19

* 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.

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

For example, Emerging Display Technologies'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)
=6.355/131.7762*131.7762
=6.355

Current CPI (Mar. 2024) = 131.7762.

Emerging Display Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.573 100.560 5.993
201409 4.595 100.428 6.029
201412 3.661 99.070 4.870
201503 4.131 99.621 5.464
201506 4.254 100.684 5.568
201509 4.049 100.392 5.315
201512 3.862 99.792 5.100
201603 4.671 100.470 6.126
201606 4.357 101.688 5.646
201609 4.348 101.861 5.625
201612 3.833 101.863 4.959
201703 4.344 102.862 5.565
201706 4.503 103.349 5.742
201709 4.666 104.136 5.904
201712 4.669 104.011 5.915
201803 4.346 105.290 5.439
201806 4.187 106.317 5.190
201809 4.825 106.507 5.970
201812 4.570 105.998 5.681
201903 5.933 107.251 7.290
201906 6.817 108.070 8.312
201909 7.927 108.329 9.643
201912 6.837 108.420 8.310
202003 5.448 108.902 6.592
202006 7.152 108.767 8.665
202009 6.548 109.815 7.857
202012 5.985 109.897 7.177
202103 6.326 111.754 7.459
202106 6.967 114.631 8.009
202109 7.336 115.734 8.353
202112 7.365 117.630 8.251
202203 6.878 121.301 7.472
202206 8.072 125.017 8.508
202209 8.581 125.227 9.030
202212 7.931 125.222 8.346
202303 7.565 127.348 7.828
202306 8.132 128.729 8.325
202309 7.503 129.860 7.614
202312 6.199 129.419 6.312
202403 6.355 131.776 6.355

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.


Emerging Display Technologies  (TPE:3038) 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.


Emerging Display Technologies Cyclically Adjusted PS Ratio Related Terms

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


Emerging Display Technologies (TPE:3038) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Central 1st Road, Qianzhen District, Kaohsiung City, TWN
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panel and liquid crystal displays (LCDs). Its operating segments include the domestic segment, the North America segment, and the mainland China segment. The domestic segment engages in designing, manufacturing, and selling liquid crystal displays modules and capacitive touch panel, and functions as operating headquarters of the Group. The North America segment mainly expands the North American trading business and implements marketing functions in North America. The North America segment engages in the sale of liquid crystal displays provided by the domestic segment. The mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment.

Emerging Display Technologies (TPE:3038) Headlines

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