GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhejiang China Light & Textile Industrial City Group Co Ltd (SHSE:600790) » Definitions » Cyclically Adjusted PS Ratio

Zhejiang China Light & Textile Industrial City Group Co (SHSE:600790) Cyclically Adjusted PS Ratio : 5.26 (As of Jun. 02, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Zhejiang China Light & Textile Industrial City Group Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Zhejiang China Light & Textile Industrial City Group Co's current share price is ¥3.47. Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥0.66. Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio for today is 5.26.

The historical rank and industry rank for Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600790' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.76   Med: 6.57   Max: 15.42
Current: 5.29

During the past years, Zhejiang China Light & Textile Industrial City Group Co's highest Cyclically Adjusted PS Ratio was 15.42. The lowest was 3.76. And the median was 6.57.

SHSE:600790's Cyclically Adjusted PS Ratio is ranked worse than
79.29% of 1371 companies
in the Real Estate industry
Industry Median: 1.72 vs SHSE:600790: 5.29

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.

Zhejiang China Light & Textile Industrial City Group Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.162. 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 ¥0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang China Light & Textile Industrial City Group Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zhejiang China Light & Textile Industrial City Group 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.

Zhejiang China Light & Textile Industrial City Group Co Cyclically Adjusted PS Ratio Chart

Zhejiang China Light & Textile Industrial City Group 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 5.88 5.70 5.26 7.19 6.08

Zhejiang China Light & Textile Industrial City Group 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 7.13 6.69 6.41 6.08 5.64

Competitive Comparison of Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio

For the Real Estate Services subindustry, Zhejiang China Light & Textile Industrial City Group 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.


Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio falls into.



Zhejiang China Light & Textile Industrial City Group 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.

Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.47/0.66
=5.26

* 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.

Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang China Light & Textile Industrial City Group 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)
=0.162/115.2271*115.2271
=0.162

Current CPI (Mar. 2024) = 115.2271.

Zhejiang China Light & Textile Industrial City Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.193 98.200 0.226
201409 0.142 98.900 0.165
201412 0.140 99.000 0.163
201503 0.136 99.900 0.157
201506 0.133 99.500 0.154
201509 0.125 100.500 0.143
201512 0.121 100.600 0.139
201603 0.141 102.200 0.159
201606 0.131 101.400 0.149
201609 0.130 102.400 0.146
201612 0.219 102.600 0.246
201703 0.157 103.200 0.175
201706 0.166 103.100 0.186
201709 0.155 104.100 0.172
201712 0.152 104.500 0.168
201803 0.149 105.300 0.163
201806 0.183 104.900 0.201
201809 0.166 106.600 0.179
201812 0.167 106.500 0.181
201903 0.166 107.700 0.178
201906 0.160 107.700 0.171
201909 0.166 109.800 0.174
201912 0.174 111.200 0.180
202003 0.121 112.300 0.124
202006 0.166 110.400 0.173
202009 0.143 111.700 0.148
202012 0.133 111.500 0.137
202103 0.140 112.662 0.143
202106 0.144 111.769 0.148
202109 0.138 112.215 0.142
202112 0.197 113.108 0.201
202203 0.130 114.335 0.131
202206 0.141 114.558 0.142
202209 0.156 115.339 0.156
202212 0.134 115.116 0.134
202303 0.156 115.116 0.156
202306 0.158 114.558 0.159
202309 0.164 115.339 0.164
202312 0.160 114.781 0.161
202403 0.162 115.227 0.162

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.


Zhejiang China Light & Textile Industrial City Group Co  (SHSE:600790) 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.


Zhejiang China Light & Textile Industrial City Group Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Zhejiang China Light & Textile Industrial City Group Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang China Light & Textile Industrial City Group Co (SHSE:600790) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Jianhu Road, Zhongguang Building, Keqiao district, Zhejiang, Shaoxing, CHN, 312030
Zhejiang China Light & Textile Industrial City Group Co Ltd is a China-based company engaged in market development and construction, market leasing, property management, warehousing, transportation services, labor services, textile materials and chemical raw materials. Its main businesses include managing market activities, logistics, financial, e-commerce and training center.
Executives
Yu Jian Miao Supervisors
Jin Jian Shun Director

Zhejiang China Light & Textile Industrial City Group Co (SHSE:600790) Headlines

No Headlines