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Camtek (XTAE:CAMT) Cyclically Adjusted PS Ratio : 22.41 (As of May. 28, 2024)


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What is Camtek Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Camtek's current share price is ₪393.00. Camtek's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₪17.54. Camtek's Cyclically Adjusted PS Ratio for today is 22.41.

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

XTAE:CAMT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 2.76   Max: 22.2
Current: 22.2

During the past years, Camtek's highest Cyclically Adjusted PS Ratio was 22.20. The lowest was 0.58. And the median was 2.76.

XTAE:CAMT's Cyclically Adjusted PS Ratio is ranked worse than
96.19% of 682 companies
in the Semiconductors industry
Industry Median: 2.3 vs XTAE:CAMT: 22.20

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.

Camtek's adjusted revenue per share data for the three months ended in Mar. 2024 was ₪7.236. 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 ₪17.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camtek Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Camtek'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.

Camtek Cyclically Adjusted PS Ratio Chart

Camtek 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 3.44 6.78 12.69 5.27 15.14

Camtek 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 6.58 8.08 13.77 15.14 17.57

Competitive Comparison of Camtek's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Camtek'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.


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

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

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



Camtek 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=393.00/17.54
=22.41

* 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.

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

For example, Camtek'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)
=7.236/131.7762*131.7762
=7.236

Current CPI (Mar. 2024) = 131.7762.

Camtek Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.787 100.560 3.652
201409 2.698 100.428 3.540
201412 2.477 99.070 3.295
201503 2.615 99.621 3.459
201506 2.851 100.684 3.731
201509 2.749 100.392 3.608
201512 -0.429 99.792 -0.566
201603 2.542 100.470 3.334
201606 2.061 101.688 2.671
201609 2.184 101.861 2.825
201612 2.234 101.863 2.890
201703 2.190 102.862 2.806
201706 2.356 103.349 3.004
201709 2.406 104.136 3.045
201712 2.642 104.011 3.347
201803 2.754 105.290 3.447
201806 3.055 106.317 3.787
201809 3.209 106.507 3.970
201812 3.293 105.998 4.094
201903 3.352 107.251 4.119
201906 3.344 108.070 4.078
201909 3.035 108.329 3.692
201912 3.085 108.420 3.750
202003 2.798 108.902 3.386
202006 3.403 108.767 4.123
202009 3.673 109.815 4.408
202012 4.268 109.897 5.118
202103 4.737 111.754 5.586
202106 5.538 114.631 6.366
202109 5.815 115.734 6.621
202112 5.891 117.630 6.599
202203 5.888 121.301 6.396
202206 6.072 125.017 6.400
202209 6.236 125.227 6.562
202212 6.249 125.222 6.576
202303 5.496 127.348 5.687
202306 5.573 128.729 5.705
202309 6.038 129.860 6.127
202312 6.595 129.419 6.715
202403 7.236 131.776 7.236

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.


Camtek  (XTAE:CAMT) 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.


Camtek Cyclically Adjusted PS Ratio Related Terms

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


Camtek (XTAE:CAMT) Business Description

Industry
Traded in Other Exchanges
Address
Ramat Gavriel Industrial Zone, P.O. Box 544, Migdal HaEmek, ISR, 23150
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and a provider of software solutions serving Advanced Packaging, Memory, (complementary metal oxide semiconductor) CMOS Image Sensors, (micro-electro mechanical systems) MEMS, RF, and others. Geographically, it derives maximum revenue from the Asia Pacific followed by the United States and Europe. The company products and services include Surface Inspection, Bump Inspection and Metrology, and others.