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Tower Semiconductor (FRA:TOW) Cyclically Adjusted Revenue per Share : €14.11 (As of Mar. 2024)


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What is Tower Semiconductor Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Tower Semiconductor's adjusted revenue per share for the three months ended in Mar. 2024 was €2.697. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €14.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tower Semiconductor's average Cyclically Adjusted Revenue Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -5.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Tower Semiconductor was -2.60% per year. The lowest was -17.50% per year. And the median was -7.50% per year.

As of today (2024-05-24), Tower Semiconductor's current stock price is €34.34. Tower Semiconductor's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €14.11. Tower Semiconductor's Cyclically Adjusted PS Ratio of today is 2.43.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 2.87. The lowest was 0.11. And the median was 1.00.


Tower Semiconductor Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Tower Semiconductor's Cyclically Adjusted Revenue per Share 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.

Tower Semiconductor Cyclically Adjusted Revenue per Share Chart

Tower Semiconductor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.23 15.11 16.58 14.81 13.96

Tower Semiconductor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 14.25 14.21 14.19 13.96 14.11

Competitive Comparison of Tower Semiconductor's Cyclically Adjusted Revenue per Share

For the Semiconductors subindustry, Tower Semiconductor'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.


Tower Semiconductor's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Tower Semiconductor Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Tower Semiconductor'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)
=2.697/131.7762*131.7762
=2.697

Current CPI (Mar. 2024) = 131.7762.

Tower Semiconductor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.436 100.560 4.503
201409 3.299 100.428 4.329
201412 3.429 99.070 4.561
201503 3.288 99.621 4.349
201506 2.397 100.684 3.137
201509 2.505 100.392 3.288
201512 2.627 99.792 3.469
201603 2.528 100.470 3.316
201606 2.710 101.688 3.512
201609 2.855 101.861 3.693
201612 3.108 101.863 4.021
201703 2.942 102.862 3.769
201706 2.907 103.349 3.707
201709 2.796 104.136 3.538
201712 2.830 104.011 3.585
201803 2.508 105.290 3.139
201806 2.839 106.317 3.519
201809 2.708 106.507 3.350
201812 2.772 105.998 3.446
201903 2.566 107.251 3.153
201906 2.527 108.070 3.081
201909 2.634 108.329 3.204
201912 2.548 108.420 3.097
202003 2.512 108.902 3.040
202006 2.543 108.767 3.081
202009 2.427 109.815 2.912
202012 2.604 109.897 3.122
202103 2.664 111.754 3.141
202106 2.742 114.631 3.152
202109 2.993 115.734 3.408
202112 3.308 117.630 3.706
202203 3.459 121.301 3.758
202206 3.646 125.017 3.843
202209 3.892 125.227 4.096
202212 3.431 125.222 3.611
202303 2.990 127.348 3.094
202306 2.964 128.729 3.034
202309 3.017 129.860 3.062
202312 2.897 129.419 2.950
202403 2.697 131.776 2.697

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Tower Semiconductor  (FRA:TOW) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Tower Semiconductor's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=34.34/14.11
=2.43

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 2.87. The lowest was 0.11. And the median was 1.00.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Tower Semiconductor Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Tower Semiconductor's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tower Semiconductor (FRA:TOW) Business Description

Industry
Traded in Other Exchanges
Address
20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.

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