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China Vanke Co (FRA:18V) Cyclically Adjusted PS Ratio : 0.33 (As of May. 26, 2024)


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What is China Vanke Co Cyclically Adjusted PS Ratio?

As of today (2024-05-26), China Vanke Co's current share price is €0.73. China Vanke Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.21. China Vanke Co's Cyclically Adjusted PS Ratio for today is 0.33.

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

FRA:18V' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 1.68   Max: 3.34
Current: 0.29

During the past years, China Vanke Co's highest Cyclically Adjusted PS Ratio was 3.34. The lowest was 0.21. And the median was 1.68.

FRA:18V's Cyclically Adjusted PS Ratio is ranked better than
87.13% of 1368 companies
in the Real Estate industry
Industry Median: 1.74 vs FRA:18V: 0.29

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.

China Vanke Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.663. 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 €2.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Vanke Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Vanke Co'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.

China Vanke Co Cyclically Adjusted PS Ratio Chart

China Vanke Co 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 1.77 1.35 0.80 0.64 0.34

China Vanke Co 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 0.53 0.48 0.43 0.34 0.29

Competitive Comparison of China Vanke Co's Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, China Vanke Co'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.


China Vanke Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Vanke Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Vanke Co 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.

China Vanke Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.73/2.21
=0.33

* 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.

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

For example, China Vanke Co'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)
=0.663/115.2271*115.2271
=0.663

Current CPI (Mar. 2024) = 115.2271.

China Vanke Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.342 98.200 0.401
201409 0.255 98.900 0.297
201412 0.974 99.000 1.134
201503 0.120 99.900 0.138
201506 0.540 99.500 0.625
201509 0.368 100.500 0.422
201512 1.497 100.600 1.715
201603 0.182 102.200 0.205
201606 0.727 101.400 0.826
201609 0.512 102.400 0.576
201612 1.521 102.600 1.708
201703 0.228 103.200 0.255
201706 0.604 103.100 0.675
201709 0.547 104.100 0.605
201712 1.457 104.500 1.607
201803 0.358 105.300 0.392
201806 0.910 104.900 1.000
201809 0.793 106.600 0.857
201812 1.408 106.500 1.523
201903 0.581 107.700 0.622
201906 1.027 107.700 1.099
201909 0.955 109.800 1.002
201912 1.641 111.200 1.700
202003 0.545 112.300 0.559
202006 1.101 110.400 1.149
202009 1.021 111.700 1.053
202012 1.917 111.500 1.981
202103 0.691 112.662 0.707
202106 1.164 111.769 1.200
202109 1.185 112.215 1.217
202112 2.174 113.108 2.215
202203 0.771 114.335 0.777
202206 1.741 114.558 1.751
202209 1.641 115.339 1.639
202212 1.957 115.116 1.959
202303 0.803 115.116 0.804
202306 1.429 114.558 1.437
202309 0.975 115.339 0.974
202312 1.884 114.781 1.891
202403 0.663 115.227 0.663

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.


China Vanke Co  (FRA:18V) 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.


China Vanke Co Cyclically Adjusted PS Ratio Related Terms

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


China Vanke Co (FRA:18V) Business Description

Industry
Traded in Other Exchanges
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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