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Toly Bread Co (SHSE:603866) Cyclically Adjusted PS Ratio : 1.79 (As of May. 24, 2024)


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What is Toly Bread Co Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Toly Bread Co's current share price is ¥6.20. Toly Bread Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥3.47. Toly Bread Co's Cyclically Adjusted PS Ratio for today is 1.79.

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

SHSE:603866' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.73   Med: 2.26   Max: 3.13
Current: 1.89

During the past years, Toly Bread Co's highest Cyclically Adjusted PS Ratio was 3.13. The lowest was 1.73. And the median was 2.26.

SHSE:603866's Cyclically Adjusted PS Ratio is ranked worse than
90.79% of 228 companies
in the Retail - Defensive industry
Industry Median: 0.395 vs SHSE:603866: 1.89

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.

Toly Bread Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.875. 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 ¥3.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toly Bread Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toly Bread 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.

Toly Bread Co Cyclically Adjusted PS Ratio Chart

Toly Bread 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 - - - - 2.22

Toly Bread 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 - 2.98 2.43 2.22 1.81

Competitive Comparison of Toly Bread Co's Cyclically Adjusted PS Ratio

For the Grocery Stores subindustry, Toly Bread 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.


Toly Bread Co's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Toly Bread Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Toly Bread Co's Cyclically Adjusted PS Ratio falls into.



Toly Bread 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.

Toly Bread Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.20/3.47
=1.79

* 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.

Toly Bread Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Toly Bread 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)
=0.875/115.2271*115.2271
=0.875

Current CPI (Mar. 2024) = 115.2271.

Toly Bread Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.825 98.600 0.964
201409 0.000 98.900 0.000
201412 0.429 99.000 0.499
201503 0.374 99.900 0.431
201506 0.485 99.500 0.562
201509 0.534 100.500 0.612
201512 0.537 100.600 0.615
201603 0.438 102.200 0.494
201606 0.548 101.400 0.623
201609 0.619 102.400 0.697
201612 0.633 102.600 0.711
201703 0.559 103.200 0.624
201706 0.675 103.100 0.754
201709 0.769 104.100 0.851
201712 0.758 104.500 0.836
201803 0.638 105.300 0.698
201806 0.760 104.900 0.835
201809 0.876 106.600 0.947
201812 0.844 106.500 0.913
201903 0.737 107.700 0.789
201906 0.913 107.700 0.977
201909 1.009 109.800 1.059
201912 0.983 111.200 1.019
202003 0.854 112.300 0.876
202006 0.914 110.400 0.954
202009 1.054 111.700 1.087
202012 1.002 111.500 1.035
202103 0.829 112.662 0.848
202106 1.008 111.769 1.039
202109 1.078 112.215 1.107
202112 1.045 113.108 1.065
202203 0.908 114.335 0.915
202206 1.096 114.558 1.102
202209 1.139 115.339 1.138
202212 1.037 115.116 1.038
202303 0.922 115.116 0.923
202306 1.082 114.558 1.088
202309 1.163 115.339 1.162
202312 1.058 114.781 1.062
202403 0.875 115.227 0.875

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.


Toly Bread Co  (SHSE:603866) 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.


Toly Bread Co Cyclically Adjusted PS Ratio Related Terms

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


Toly Bread Co (SHSE:603866) Business Description

Traded in Other Exchanges
N/A
Address
No. 176, Clove Street, Liaoning Province, Sujiatun District, Shenyang, CHN
Toly Bread Co Ltd is a China-based company engaged in the production, processing, and sale of baked goods such as bread, cakes, moon cakes, and dumplings. Its products portfolio includes peach and plum, peach bread and peach moon cake.

Toly Bread Co (SHSE:603866) Headlines

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