GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » KLA Corp (WBO:KLAC) » Definitions » Cyclically Adjusted PS Ratio

KLA (WBO:KLAC) Cyclically Adjusted PS Ratio : 17.51 (As of May. 30, 2024)


View and export this data going back to 2017. Start your Free Trial

What is KLA Cyclically Adjusted PS Ratio?

As of today (2024-05-30), KLA's current share price is €718.10. KLA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €41.00. KLA's Cyclically Adjusted PS Ratio for today is 17.51.

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

WBO:KLAC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.04   Med: 6   Max: 17.49
Current: 17.34

During the past years, KLA's highest Cyclically Adjusted PS Ratio was 17.49. The lowest was 3.04. And the median was 6.00.

WBO:KLAC's Cyclically Adjusted PS Ratio is ranked worse than
94.57% of 682 companies
in the Semiconductors industry
Industry Median: 2.31 vs WBO:KLAC: 17.34

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.

KLA's adjusted revenue per share data for the three months ended in Mar. 2024 was €15.980. 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 €41.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KLA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for KLA'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.

KLA Cyclically Adjusted PS Ratio Chart

KLA Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.61 8.23 11.92 9.51 12.14

KLA 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 10.40 12.14 11.04 13.62 15.68

Competitive Comparison of KLA's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, KLA'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.


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

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

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



KLA 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=718.10/41
=17.51

* 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.

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

For example, KLA'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)
=15.98/131.7762*131.7762
=15.980

Current CPI (Mar. 2024) = 131.7762.

KLA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.229 100.560 4.231
201409 2.995 100.428 3.930
201412 3.318 99.070 4.413
201503 4.191 99.621 5.544
201506 4.211 100.684 5.511
201509 3.624 100.392 4.757
201512 4.180 99.792 5.520
201603 4.090 100.470 5.364
201606 5.220 101.688 6.765
201609 4.260 101.861 5.511
201612 5.291 101.863 6.845
201703 5.416 102.862 6.938
201706 5.286 103.349 6.740
201709 5.154 104.136 6.522
201712 5.266 104.011 6.672
201803 5.269 105.290 6.594
201806 5.838 106.317 7.236
201809 6.003 106.507 7.427
201812 6.449 105.998 8.017
201903 6.178 107.251 7.591
201906 6.880 108.070 8.389
201909 8.015 108.329 9.750
201912 8.565 108.420 10.410
202003 8.199 108.902 9.921
202006 8.295 108.767 10.050
202009 8.350 109.815 10.020
202012 8.723 109.897 10.460
202103 9.765 111.754 11.514
202106 10.352 114.631 11.900
202109 11.546 115.734 13.146
202112 13.668 117.630 15.312
202203 13.745 121.301 14.932
202206 15.769 125.017 16.622
202209 19.301 125.227 20.310
202212 19.841 125.222 20.880
202303 16.388 127.348 16.958
202306 15.784 128.729 16.158
202309 16.381 129.860 16.623
202312 16.736 129.419 17.041
202403 15.980 131.776 15.980

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.


KLA  (WBO:KLAC) 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.


KLA Cyclically Adjusted PS Ratio Related Terms

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


KLA (WBO:KLAC) Business Description

Industry
Address
One Technology Drive, Milpitas, CA, USA, 95035
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.

KLA (WBO:KLAC) Headlines

From GuruFocus

Q4 2022 KLA Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

KLA Corp Investor Day Transcript

By GuruFocus Research 01-23-2024

KLA Corp at Citi Global Technology Conference Transcript

By GuruFocus Research 01-23-2024

Q2 2023 KLA Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2024 KLA Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 KLA Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024