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China Lilang (HKSE:01234) Cyclically Adjusted PS Ratio : 1.51 (As of Jun. 08, 2024)


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What is China Lilang Cyclically Adjusted PS Ratio?

As of today (2024-06-08), China Lilang's current share price is HK$4.55. China Lilang's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$3.02. China Lilang's Cyclically Adjusted PS Ratio for today is 1.51.

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

HKSE:01234' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.72   Max: 5
Current: 1.51

During the past 13 years, China Lilang's highest Cyclically Adjusted PS Ratio was 5.00. The lowest was 1.10. And the median was 1.72.

HKSE:01234's Cyclically Adjusted PS Ratio is ranked worse than
73.85% of 868 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.635 vs HKSE:01234: 1.51

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 Lilang's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$3.237. 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$3.02 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Lilang Cyclically Adjusted PS Ratio Historical Data

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

China Lilang 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 2.17 1.82 1.45 1.26 1.40

China Lilang Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.45 - 1.26 - 1.40

Competitive Comparison of China Lilang's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, China Lilang'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 Lilang's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Lilang's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.55/3.02
=1.51

* 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 Lilang's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Lilang'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)
=3.237/114.7809*114.7809
=3.237

Current CPI (Dec23) = 114.7809.

China Lilang Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.530 99.000 2.933
201512 2.676 100.600 3.053
201612 2.237 102.600 2.503
201712 2.401 104.500 2.637
201812 3.006 106.500 3.240
201912 3.400 111.200 3.509
202012 2.653 111.500 2.731
202112 3.451 113.108 3.502
202212 2.878 115.116 2.870
202312 3.237 114.781 3.237

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 Lilang  (HKSE:01234) 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 Lilang Cyclically Adjusted PS Ratio Related Terms

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


China Lilang (HKSE:01234) Business Description

Traded in Other Exchanges
Address
200 Chang Xing Road, Lilang Industrial Park, Fujian Province, Jinjiang, CHN, 362200
China Lilang Ltd manufactures business and casual menswear apparel, with roughly two thirds of revenue coming from tops. China Lilang sells its products under the Lilanz brand, which generates the vast majority of the company's revenue, and the L2 brand. All the company's sales are made in China. China Lilang wholesales its products to distributors who operate thousands of Lilanz-branded and L2-branded retail stores. China Lilang also has two self-operated flagship retail stores and sells its products through its own and third-party e-commerce platforms.
Executives
Xiao Sheng International Limited 2101 Beneficial owner

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