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A10 Networks (A10 Networks) Cyclically Adjusted PS Ratio : 3.96 (As of May. 24, 2024)


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What is A10 Networks Cyclically Adjusted PS Ratio?

As of today (2024-05-24), A10 Networks's current share price is $15.12. A10 Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $3.82. A10 Networks's Cyclically Adjusted PS Ratio for today is 3.96.

The historical rank and industry rank for A10 Networks's Cyclically Adjusted PS Ratio or its related term are showing as below:

ATEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.63   Med: 3.56   Max: 4.74
Current: 3.99

During the past years, A10 Networks's highest Cyclically Adjusted PS Ratio was 4.74. The lowest was 2.63. And the median was 3.56.

ATEN's Cyclically Adjusted PS Ratio is ranked worse than
71.54% of 1444 companies
in the Software industry
Industry Median: 1.865 vs ATEN: 3.99

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.

A10 Networks's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.806. 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 $3.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


A10 Networks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for A10 Networks'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.

A10 Networks Cyclically Adjusted PS Ratio Chart

A10 Networks 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 - - - 4.13 3.21

A10 Networks 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 3.80 3.54 3.65 3.21 3.58

Competitive Comparison of A10 Networks's Cyclically Adjusted PS Ratio

For the Software - Infrastructure subindustry, A10 Networks'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.


A10 Networks's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, A10 Networks's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where A10 Networks's Cyclically Adjusted PS Ratio falls into.



A10 Networks 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.

A10 Networks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.12/3.82
=3.96

* 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.

A10 Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, A10 Networks'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)
=0.806/131.7762*131.7762
=0.806

Current CPI (Mar. 2024) = 131.7762.

A10 Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.756 100.560 0.991
201409 0.725 100.428 0.951
201412 0.740 99.070 0.984
201503 0.716 99.621 0.947
201506 0.767 100.684 1.004
201509 0.809 100.392 1.062
201512 0.847 99.792 1.118
201603 0.837 100.470 1.098
201606 0.881 101.688 1.142
201609 0.831 101.861 1.075
201612 0.910 101.863 1.177
201703 0.932 102.862 1.194
201706 0.774 103.349 0.987
201709 0.877 104.136 1.110
201712 0.780 104.011 0.988
201803 0.681 105.290 0.852
201806 0.835 106.317 1.035
201809 0.832 106.507 1.029
201812 0.837 105.998 1.041
201903 0.672 107.251 0.826
201906 0.650 108.070 0.793
201909 0.668 108.329 0.813
201912 0.778 108.420 0.946
202003 0.689 108.902 0.834
202006 0.656 108.767 0.795
202009 0.704 109.815 0.845
202012 0.789 109.897 0.946
202103 0.689 111.754 0.812
202106 0.746 114.631 0.858
202109 0.818 115.734 0.931
202112 0.875 117.630 0.980
202203 0.790 121.301 0.858
202206 0.868 125.017 0.915
202209 0.928 125.227 0.977
202212 1.026 125.222 1.080
202303 0.764 127.348 0.791
202306 0.873 128.729 0.894
202309 0.762 129.860 0.773
202312 0.935 129.419 0.952
202403 0.806 131.776 0.806

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.


A10 Networks  (NYSE:ATEN) 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.


A10 Networks Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of A10 Networks's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


A10 Networks (A10 Networks) Business Description

Industry
Traded in Other Exchanges
Address
2300 Orchard Parkway, San Jose, CA, USA, 95131
A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.
Executives
Dhrupad Trivedi officer: Chief Executive Officer 1 N. BRENTWOOD BLVD., SUITE 1599, SAINT LOUIS MO 63105
Matthew P Bruening officer: EVP, Worldwide Sales & Mktg 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Karen S. Thomas officer: EVP, Worldwide Sales and Mkt 2300 ORCHARD PARKWAY, SAN JOSE CA 95125
Brian Becker officer: Interim CFO 230 HOWES DRIVE, LOS GATOS CA 95032
Robert Scott Weber officer: General Counsel 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Peter Y Chung director, other: Indirect GP of 10% Owner C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116
Viex Opportunities Fund, Lp Series One other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Robert D Cochran director, officer: VP, Legal & Corp Collaboration 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Dana Elizabeth Wolf director 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Viex Opportunities Fund, Lp - Series Two other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Summit Partners L P other: Manager of GP of 10% Owner 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Mary Dotz director 280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Gunter Reiss officer: VP Worldwide Mktg & Bus Dev 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Thomas Constantino officer: EVP, Chief Financial Officer 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Lee Chen director, 10 percent owner, officer: CEO and President C/O A10 NETWORKS, INC, 2300 ORCHARD PARK, SAN JOSE CA 95131

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