Eastern Technical Engineering PCL (BKK:ETE) Cyclically Adjusted PS Ratio : 0.35 (As of May. 24, 2024)

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What is Eastern Technical Engineering PCL Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Eastern Technical Engineering PCL's current share price is ฿1.21. Eastern Technical Engineering PCL's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ฿3.49. Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio for today is 0.35.

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

BKK:ETE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.38 Max: 0.4
Current: 0.35

During the past 10 years, Eastern Technical Engineering PCL's highest Cyclically Adjusted PS Ratio was 0.40. The lowest was 0.33. And the median was 0.38.

BKK:ETE's Cyclically Adjusted PS Ratio is ranked better than
72.36% of 445 companies
in the Conglomerates industry
Industry Median: 0.8 vs BKK:ETE: 0.35

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.

Eastern Technical Engineering PCL's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ฿2.870. 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 ฿3.49 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Eastern Technical Engineering PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Eastern Technical Engineering PCL'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.

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Eastern Technical Engineering PCL Cyclically Adjusted PS Ratio Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.32

Eastern Technical Engineering PCL 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															-	-	-	0.32	-

Competitive Comparison of Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Eastern Technical Engineering PCL'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.

Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio falls into.

Eastern Technical Engineering PCL 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.

Eastern Technical Engineering PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	1.21	/	3.49
	=	0.35

Eastern Technical Engineering PCL's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Eastern Technical Engineering PCL's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	2.87	/	129.4194	*	129.4194
	=	2.870

Current CPI (Dec23) = 129.4194.

Eastern Technical Engineering PCL Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	2.705	99.070	3.534
201512	3.777	99.792	4.898
201612	3.361	101.863	4.270
201712	2.901	104.011	3.610
201812	2.987	105.998	3.647
201912	3.284	108.420	3.920
202012	2.607	109.897	3.070
202112	2.466	117.630	2.713
202212	2.246	125.222	2.321
202312	2.870	129.419	2.870

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.

Eastern Technical Engineering PCL (BKK:ETE) 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.

Eastern Technical Engineering PCL Cyclically Adjusted PS Ratio Related Terms

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

Eastern Technical Engineering PCL (BKK:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

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