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Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Cyclically Adjusted PS Ratio : 3.50 (As of Jun. 08, 2024)


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What is Tongyi Carbon Neutral Energy (Xinjiang) Co Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Tongyi Carbon Neutral Energy (Xinjiang) Co's current share price is ¥12.58. Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥3.59. Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio for today is 3.50.

The historical rank and industry rank for Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600506' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.51   Med: 20.52   Max: 76.12
Current: 3.72

During the past years, Tongyi Carbon Neutral Energy (Xinjiang) Co's highest Cyclically Adjusted PS Ratio was 76.12. The lowest was 2.51. And the median was 20.52.

SHSE:600506's Cyclically Adjusted PS Ratio is ranked worse than
88.53% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 0.79 vs SHSE:600506: 3.72

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.

Tongyi Carbon Neutral Energy (Xinjiang) Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥3.938. 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 ¥3.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tongyi Carbon Neutral Energy (Xinjiang) Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tongyi Carbon Neutral Energy (Xinjiang) 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.

Tongyi Carbon Neutral Energy (Xinjiang) Co Cyclically Adjusted PS Ratio Chart

Tongyi Carbon Neutral Energy (Xinjiang) 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 17.86 16.41 14.88 5.80 5.69

Tongyi Carbon Neutral Energy (Xinjiang) 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 4.60 3.86 3.51 5.69 3.88

Competitive Comparison of Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio

For the Farm Products subindustry, Tongyi Carbon Neutral Energy (Xinjiang) 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.


Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio falls into.



Tongyi Carbon Neutral Energy (Xinjiang) 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.

Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.58/3.59
=3.50

* 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.

Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tongyi Carbon Neutral Energy (Xinjiang) 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)
=3.938/115.2271*115.2271
=3.938

Current CPI (Mar. 2024) = 115.2271.

Tongyi Carbon Neutral Energy (Xinjiang) Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.144 98.200 0.169
201409 0.177 98.900 0.206
201412 0.262 99.000 0.305
201503 0.090 99.900 0.104
201506 0.210 99.500 0.243
201509 0.030 100.500 0.034
201512 0.068 100.600 0.078
201603 0.048 102.200 0.054
201606 0.085 101.400 0.097
201609 0.086 102.400 0.097
201612 0.260 102.600 0.292
201703 0.092 103.200 0.103
201706 0.158 103.100 0.177
201709 0.053 104.100 0.059
201712 0.153 104.500 0.169
201803 0.095 105.300 0.104
201806 0.057 104.900 0.063
201809 0.002 106.600 0.002
201812 0.139 106.500 0.150
201903 0.010 107.700 0.011
201906 0.020 107.700 0.021
201909 0.014 109.800 0.015
201912 0.106 111.200 0.110
202003 0.028 112.300 0.029
202006 0.056 110.400 0.058
202009 0.000 111.700 0.000
202012 0.717 111.500 0.741
202103 0.097 112.662 0.099
202106 0.480 111.769 0.495
202109 0.183 112.215 0.188
202112 1.579 113.108 1.609
202203 4.535 114.335 4.570
202206 3.586 114.558 3.607
202209 2.954 115.339 2.951
202212 2.399 115.116 2.401
202303 3.525 115.116 3.528
202306 2.822 114.558 2.838
202309 2.879 115.339 2.876
202312 2.425 114.781 2.434
202403 3.938 115.227 3.938

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.


Tongyi Carbon Neutral Energy (Xinjiang) Co  (SHSE:600506) 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.


Tongyi Carbon Neutral Energy (Xinjiang) Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Tongyi Carbon Neutral Energy (Xinjiang) Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Business Description

Traded in Other Exchanges
N/A
Address
Shengguo Mingyuan, Shengguo Road, Xinjiang, Ku'erle, CHN, 841000
Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd formerly Xinjiang Koerle Pear Co Ltd is an orchard planting company. It produces korla pear and ratafee.

Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Headlines

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