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China Mobile (HKSE:00941) Cyclically Adjusted PS Ratio : 2.56 (As of May. 23, 2024)


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What is China Mobile Cyclically Adjusted PS Ratio?

As of today (2024-05-23), China Mobile's current share price is HK$73.30. China Mobile's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$28.59. China Mobile's Cyclically Adjusted PS Ratio for today is 2.56.

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

HKSE:00941' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.05   Max: 2.43
Current: 2.17

During the past years, China Mobile's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 1.37. And the median was 2.05.

HKSE:00941's Cyclically Adjusted PS Ratio is ranked worse than
76.33% of 300 companies
in the Telecommunication Services industry
Industry Median: 1.05 vs HKSE:00941: 2.17

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 Mobile's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$13.351. 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$28.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Mobile Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Mobile'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 Mobile Cyclically Adjusted PS Ratio Chart

China Mobile 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 - - - 1.59 2.22

China Mobile Quarterly Data
Jun18 Dec18 Jun19 Dec19 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 2.08 2.12 2.18 2.22 2.34

Competitive Comparison of China Mobile's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, China Mobile'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 Mobile's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Mobile's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=73.30/28.59
=2.56

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

For example, China Mobile'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)
=13.351/117.7354*117.7354
=13.351

Current CPI (Mar. 2024) = 117.7354.

China Mobile Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200806 0.000 79.919 0.000
200812 0.000 79.590 0.000
200906 0.000 79.260 0.000
200912 0.000 80.799 0.000
201006 0.000 81.568 0.000
201012 0.000 83.217 0.000
201106 0.000 86.185 0.000
201112 0.000 87.944 0.000
201206 0.000 89.373 0.000
201212 0.000 91.132 0.000
201306 0.000 93.001 0.000
201312 0.000 95.090 0.000
201406 0.000 96.409 0.000
201412 0.000 99.707 0.000
201506 0.000 99.267 0.000
201512 0.000 102.015 0.000
201606 0.000 101.686 0.000
201612 0.000 103.225 0.000
201706 0.000 103.664 0.000
201712 0.000 104.984 0.000
201806 0.000 106.193 0.000
201812 0.000 107.622 0.000
201906 0.000 109.601 0.000
201912 0.000 110.700 0.000
202006 0.000 110.590 0.000
202009 10.252 107.512 11.227
202012 11.238 109.711 12.060
202103 11.510 111.579 12.145
202106 14.528 111.360 15.360
202109 12.066 109.051 13.027
202112 11.914 112.349 12.485
202203 13.126 113.558 13.609
202206 14.825 113.448 15.385
202209 11.888 113.778 12.301
202212 11.152 114.548 11.462
202303 13.330 115.427 13.597
202306 14.330 115.647 14.589
202309 12.269 116.087 12.443
202312 11.929 117.296 11.974
202403 13.351 117.735 13.351

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 Mobile  (HKSE:00941) 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 Mobile Cyclically Adjusted PS Ratio Related Terms

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


China Mobile (HKSE:00941) Business Description

Traded in Other Exchanges
Address
99 Queen’s Road Central, 60th Floor, The Center, Hong Kong, HKG
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.

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