GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cohu Inc (NAS:COHU) » Definitions » Cyclically Adjusted PS Ratio

Cohu (COHU) Cyclically Adjusted PS Ratio : 1.93 (As of Jun. 10, 2024)


View and export this data going back to 1986. Start your Free Trial

What is Cohu Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Cohu's current share price is $31.26. Cohu's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $16.23. Cohu's Cyclically Adjusted PS Ratio for today is 1.93.

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

COHU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.58   Max: 3.99
Current: 1.93

During the past years, Cohu's highest Cyclically Adjusted PS Ratio was 3.99. The lowest was 0.83. And the median was 1.58.

COHU's Cyclically Adjusted PS Ratio is ranked better than
54.41% of 680 companies
in the Semiconductors industry
Industry Median: 2.33 vs COHU: 1.93

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.

Cohu's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.283. 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 $16.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohu Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cohu'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.

Cohu Cyclically Adjusted PS Ratio Chart

Cohu 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 1.82 3.02 2.75 2.09 2.20

Cohu 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 2.45 2.62 2.15 2.20 2.05

Competitive Comparison of Cohu's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Cohu'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.


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

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

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



Cohu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.26/16.23
=1.93

* 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.

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

For example, Cohu'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)
=2.283/131.7762*131.7762
=2.283

Current CPI (Mar. 2024) = 131.7762.

Cohu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.880 100.560 3.774
201409 3.499 100.428 4.591
201412 3.364 99.070 4.475
201503 2.464 99.621 3.259
201506 2.815 100.684 3.684
201509 2.519 100.392 3.306
201512 2.341 99.792 3.091
201603 2.499 100.470 3.278
201606 2.788 101.688 3.613
201609 2.531 101.861 3.274
201612 2.545 101.863 3.292
201703 2.870 102.862 3.677
201706 3.268 103.349 4.167
201709 3.218 104.136 4.072
201712 2.827 104.011 3.582
201803 3.222 105.290 4.033
201806 3.366 106.317 4.172
201809 2.894 106.507 3.581
201812 4.196 105.998 5.216
201903 3.616 107.251 4.443
201906 3.648 108.070 4.448
201909 3.481 108.329 4.234
201912 3.429 108.420 4.168
202003 3.347 108.902 4.050
202006 3.443 108.767 4.171
202009 3.591 109.815 4.309
202012 4.804 109.897 5.760
202103 4.958 111.754 5.846
202106 4.948 114.631 5.688
202109 4.551 115.734 5.182
202112 3.882 117.630 4.349
202203 3.990 121.301 4.335
202206 4.440 125.017 4.680
202209 4.259 125.227 4.482
202212 3.967 125.222 4.175
202303 3.724 127.348 3.853
202306 3.517 128.729 3.600
202309 3.135 129.860 3.181
202312 2.871 129.419 2.923
202403 2.283 131.776 2.283

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.


Cohu  (NAS:COHU) 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.


Cohu Cyclically Adjusted PS Ratio Related Terms

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


Cohu (COHU) Business Description

Industry
Traded in Other Exchanges
Address
12367 Crothwaite Circle, Poway, CA, USA, 92064-6817
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has two reportable segments, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection) and PCB Test Equipment (PCB Test). The majority of the firm's revenue is derived from the Semiconductor Test and Inspection Equipment segment.
Executives
Thomas D Kampfer officer: VP Corp Dev, GC & Sec C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92128
Ian P Lawee officer: VP & GM Semiconductor Test Grp 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Jeffrey D Jones officer: VP Finance & CFO 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Nina Richardson director C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William Bendush director MICROSEMI CORPORATION, ONE ENTERPRISE, ALISO VIEJO CA 92656
Steven J Bilodeau director C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andreas W Mattes director C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Christopher Bohrson officer: VP & General Manager, Delta 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andrew M Caggia director 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Luis A Muller officer: President, Delta Design, Inc. 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Yon Jorden director 750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039
James A Donahue officer: President & CEO
Pascal Ronde officer: Sr. VP, Global Customer Team LES CONQUERANTS - BATIMENT 1, AVENUE DE L'ATLANTIQUE, LES ULIS I0 91940
Robert L Ciardella director
Lynne J Camp director 714 NW 914TH TERRACE, PORTLAND OR 97229

Cohu (COHU) Headlines

From GuruFocus

Cohu To Announce Second Quarter 2022 Results on July 28

By Business Wire Business Wire 07-18-2022

Cohu to Announce First Quarter 2022 Results on April 28

By Business Wire Business Wire 04-18-2022

Cohu to Participate in the 14th Annual CEO Investor Summit on July 13

By Business Wire Business Wire 06-30-2022

Cohu Acquires Equiptest Engineering

By Business Wire 10-02-2023

Cohu to Present at Upcoming Investor Conferences

By Business Wire Business Wire 05-18-2022

Cohu To Announce Third Quarter 2022 Results on October 27

By Business Wire Business Wire 10-13-2022

Cohu to Participate in the 15th Annual CEO Investor Summit on July 12

By Business Wire Business Wire 06-21-2023

Cohu to Present at Upcoming Investor Conferences

By Business Wire Business Wire 05-11-2023