GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Henderson Land Development Co Ltd (OTCPK:HLDVF) » Definitions » Cyclically Adjusted PS Ratio

Henderson Land Development Co (Henderson Land Development Co) Cyclically Adjusted PS Ratio : 4.67 (As of May. 18, 2024)


View and export this data going back to 2002. Start your Free Trial

What is Henderson Land Development Co Cyclically Adjusted PS Ratio?

As of today (2024-05-18), Henderson Land Development Co's current share price is $3.2235. Henderson Land Development Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $0.69. Henderson Land Development Co's Cyclically Adjusted PS Ratio for today is 4.67.

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

HLDVF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.68   Med: 7.95   Max: 11.05
Current: 4.45

During the past 13 years, Henderson Land Development Co's highest Cyclically Adjusted PS Ratio was 11.05. The lowest was 3.68. And the median was 7.95.

HLDVF's Cyclically Adjusted PS Ratio is ranked worse than
73.85% of 1369 companies
in the Real Estate industry
Industry Median: 1.74 vs HLDVF: 4.45

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.

Henderson Land Development Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $0.729. 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 $0.69 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henderson Land Development Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Henderson Land Development 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.

Henderson Land Development Co Cyclically Adjusted PS Ratio Chart

Henderson Land Development 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 7.90 5.97 6.30 4.97 4.31

Henderson Land Development Co 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 6.30 - 4.97 - 4.31

Competitive Comparison of Henderson Land Development Co's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Henderson Land Development 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.


Henderson Land Development Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Henderson Land Development Co's Cyclically Adjusted PS Ratio falls into.



Henderson Land Development 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.

Henderson Land Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.2235/0.69
=4.67

* 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.

Henderson Land Development Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Henderson Land Development Co'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)
=0.729/117.2957*117.2957
=0.729

Current CPI (Dec23) = 117.2957.

Henderson Land Development Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.627 99.707 0.738
201512 0.631 102.015 0.726
201612 0.681 103.225 0.774
201712 0.739 104.984 0.826
201812 0.581 107.622 0.633
201912 0.640 110.700 0.678
202012 0.667 109.711 0.713
202112 0.623 112.349 0.650
202212 0.678 114.548 0.694
202312 0.729 117.296 0.729

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.


Henderson Land Development Co  (OTCPK:HLDVF) 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.


Henderson Land Development Co Cyclically Adjusted PS Ratio Related Terms

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


Henderson Land Development Co (Henderson Land Development Co) Business Description

Traded in Other Exchanges
Address
8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.

Henderson Land Development Co (Henderson Land Development Co) Headlines

From GuruFocus

International Value Advisers Funds 2014 Annual Commentary

By Holly LaFon Holly LaFon 01-02-2015

Third Avenue Management's Marty Whitman: Third-Quarter Letter

By Holly LaFon Holly LaFon 10-01-2012

Martin Whitman on Henderson Land (HLDVF.PK)

By gurufocus 03-19-2007

Charles de Vaulx's Worldwide Fund Buys 3 New Stocks in Q3

By Holly LaFon Holly LaFon 12-02-2014