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TAT Technologies (XTAE:TATT) Cyclically Adjusted PS Ratio : 1.16 (As of Jun. 10, 2024)


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What is TAT Technologies Cyclically Adjusted PS Ratio?

As of today (2024-06-10), TAT Technologies's current share price is ₪54.15. TAT Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₪46.50. TAT Technologies's Cyclically Adjusted PS Ratio for today is 1.16.

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

XTAE:TATT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.61   Max: 1.19
Current: 1.17

During the past years, TAT Technologies's highest Cyclically Adjusted PS Ratio was 1.19. The lowest was 0.29. And the median was 0.61.

XTAE:TATT's Cyclically Adjusted PS Ratio is ranked better than
57.75% of 213 companies
in the Aerospace & Defense industry
Industry Median: 1.47 vs XTAE:TATT: 1.17

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.

TAT Technologies's adjusted revenue per share data for the three months ended in Mar. 2024 was ₪12.152. 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 ₪46.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TAT Technologies Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TAT 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.

TAT Technologies Cyclically Adjusted PS Ratio Chart

TAT 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 0.44 0.36 0.48 0.44 0.82

TAT 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 0.47 0.60 0.73 0.82 0.98

Competitive Comparison of TAT Technologies's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, TAT 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.


TAT Technologies's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, TAT Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



TAT 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=54.15/46.5
=1.16

* 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.

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

For example, TAT 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)
=12.152/131.7762*131.7762
=12.152

Current CPI (Mar. 2024) = 131.7762.

TAT Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.777 100.560 11.502
201409 8.684 100.428 11.395
201412 9.128 99.070 12.141
201503 8.751 99.621 11.576
201506 9.168 100.684 11.999
201509 9.372 100.392 12.302
201512 9.265 99.792 12.234
201603 10.072 100.470 13.210
201606 10.028 101.688 12.995
201609 10.066 101.861 13.022
201612 10.642 101.863 13.767
201703 11.492 102.862 14.722
201706 11.318 103.349 14.431
201709 11.207 104.136 14.182
201712 11.147 104.011 14.123
201803 10.357 105.290 12.962
201806 10.542 106.317 13.066
201809 9.829 106.507 12.161
201812 6.506 105.998 8.088
201903 9.876 107.251 12.134
201906 10.611 108.070 12.939
201909 10.507 108.329 12.781
201912 10.931 108.420 13.286
202003 10.450 108.902 12.645
202006 7.359 108.767 8.916
202009 7.129 109.815 8.555
202012 7.010 109.897 8.406
202103 7.783 111.754 9.177
202106 9.150 114.631 10.519
202109 7.469 115.734 8.504
202112 8.652 117.630 9.693
202203 8.448 121.301 9.178
202206 8.795 125.017 9.271
202209 8.641 125.227 9.093
202212 9.646 125.222 10.151
202303 10.646 127.348 11.016
202306 11.141 128.729 11.405
202309 12.330 129.860 12.512
202312 12.466 129.419 12.693
202403 12.152 131.776 12.152

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.


TAT Technologies  (XTAE:TATT) 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.


TAT Technologies Cyclically Adjusted PS Ratio Related Terms

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


TAT Technologies (XTAE:TATT) Business Description

Traded in Other Exchanges
Address
Hamelacha 5, Netanya, ISR, 4250540
TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.