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51job (JOBS) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


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What is 51job Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


51job Cyclically Adjusted PS Ratio Historical Data

The historical data trend for 51job'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.

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51job Cyclically Adjusted PS Ratio Chart

51job Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PS Ratio
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51job Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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Competitive Comparison of 51job's Cyclically Adjusted PS Ratio

For the Staffing & Employment Services subindustry, 51job'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.


51job's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, 51job's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where 51job's Cyclically Adjusted PS Ratio falls into.



51job 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.

51job's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, 51job's adjusted Revenue per Share data for the three months ended in Sep. 2021 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=2.449/112.2154*112.2154
=2.449

Current CPI (Sep. 2021) = 112.2154.

51job Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201112 0.942 92.885 1.138
201203 0.971 94.367 1.155
201206 0.915 93.495 1.098
201209 0.957 94.482 1.137
201212 1.024 95.237 1.207
201303 0.983 96.372 1.145
201306 1.056 95.984 1.235
201309 1.095 97.332 1.262
201312 1.232 97.624 1.416
201403 1.117 98.600 1.271
201406 1.174 98.200 1.342
201409 1.181 98.900 1.340
201412 1.419 99.000 1.608
201503 1.138 99.900 1.278
201506 1.364 99.500 1.538
201509 1.294 100.500 1.445
201512 1.495 100.600 1.668
201603 1.353 102.200 1.486
201606 1.434 101.400 1.587
201609 1.507 102.400 1.651
201612 1.686 102.600 1.844
201703 1.462 103.200 1.590
201706 1.607 103.100 1.749
201709 1.811 104.100 1.952
201712 2.180 104.500 2.341
201803 2.108 105.300 2.246
201806 2.258 104.900 2.415
201809 2.069 106.600 2.178
201812 2.590 106.500 2.729
201903 2.204 107.700 2.296
201906 2.062 107.700 2.148
201909 2.056 109.800 2.101
201912 2.381 111.200 2.403
202003 1.657 112.300 1.656
202006 1.724 110.400 1.752
202009 1.954 111.700 1.963
202012 2.606 111.500 2.623
202103 2.017 112.662 2.009
202106 2.506 111.769 2.516
202109 2.449 112.215 2.449

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.


51job  (NAS:JOBS) 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.


51job Cyclically Adjusted PS Ratio Related Terms

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51job (JOBS) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 1387 Zhang Dong Road, Building 3, Shanghai, CHN, 201203
51job Inc is a provider of integrated human resource services in China. It offers online recruitment advertising and also other complementary human resource related services which include business process outsourcing training, campus recruitment, and executive search services.