GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (HKSE:00317) » Definitions » Cyclically Adjusted PS Ratio

CSSC Offshore & Marine Engineering (Group) Co (HKSE:00317) Cyclically Adjusted PS Ratio : 2.60 (As of Jun. 07, 2024)


View and export this data going back to 1993. Start your Free Trial

What is CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PS Ratio?

As of today (2024-06-07), CSSC Offshore & Marine Engineering (Group) Co's current share price is HK$15.56. CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$5.99. CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio for today is 2.60.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:00317' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.71   Max: 6.79
Current: 1.87

During the past years, CSSC Offshore & Marine Engineering (Group) Co's highest Cyclically Adjusted PS Ratio was 6.79. The lowest was 0.64. And the median was 1.71.

HKSE:00317's Cyclically Adjusted PS Ratio is ranked worse than
57.75% of 213 companies
in the Aerospace & Defense industry
Industry Median: 1.49 vs HKSE:00317: 1.87

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.

CSSC Offshore & Marine Engineering (Group) Co's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$2.162. 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 HK$5.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PS Ratio Chart

CSSC Offshore & Marine Engineering (Group) 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 0.96 1.78 1.63 1.45 1.77

CSSC Offshore & Marine Engineering (Group) 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 1.73 2.10 1.64 1.77 1.80

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) 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.


CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio falls into.



CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.56/5.99
=2.60

* 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.

CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CSSC Offshore & Marine Engineering (Group) 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)
=2.162/115.2271*115.2271
=2.162

Current CPI (Mar. 2024) = 115.2271.

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.760 98.200 5.585
201409 5.397 98.900 6.288
201412 6.813 99.000 7.930
201503 3.757 99.900 4.333
201506 6.076 99.500 7.036
201509 5.504 100.500 6.311
201512 7.104 100.600 8.137
201603 3.498 102.200 3.944
201606 6.128 101.400 6.964
201609 4.706 102.400 5.295
201612 4.900 102.600 5.503
201703 3.246 103.200 3.624
201706 5.143 103.100 5.748
201709 4.267 104.100 4.723
201712 6.211 104.500 6.849
201803 2.700 105.300 2.955
201806 4.640 104.900 5.097
201809 2.897 106.600 3.131
201812 5.751 106.500 6.222
201903 2.064 107.700 2.208
201906 4.271 107.700 4.569
201909 3.898 109.800 4.091
201912 7.087 111.200 7.344
202003 1.762 112.300 1.808
202006 1.580 110.400 1.649
202009 1.880 111.700 1.939
202012 4.178 111.500 4.318
202103 1.537 112.662 1.572
202106 2.473 111.769 2.550
202109 1.796 112.215 1.844
202112 4.238 113.108 4.317
202203 0.983 114.335 0.991
202206 2.614 114.558 2.629
202209 2.394 115.339 2.392
202212 4.341 115.116 4.345
202303 1.533 115.116 1.534
202306 3.182 114.558 3.201
202309 2.841 115.339 2.838
202312 4.946 114.781 4.965
202403 2.162 115.227 2.162

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.


CSSC Offshore & Marine Engineering (Group) Co  (HKSE:00317) 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.


CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CSSC Offshore & Marine Engineering (Group) Co (HKSE:00317) Business Description

Traded in Other Exchanges
Address
No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.
Executives
Cssc International Holding Company Limited 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission 2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

CSSC Offshore & Marine Engineering (Group) Co (HKSE:00317) Headlines

No Headlines