This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
As of today (2024-06-11), FSPG Hi-Tech Co's share price is ¥3.76. FSPG Hi-Tech Co's Median PS Value is ¥4.01. Therefore, FSPG Hi-Tech Co's Price to Median PS Value for today is 0.94.
The historical rank and industry rank for FSPG Hi-Tech Co's Median PS Value or its related term are showing as below:
SZSE:000973'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.56 Med: 1.1 Max: 3.74
Current: 0.94
During the past 13 years, the highest Price to Median PS Value of FSPG Hi-Tech Co was 3.74. The lowest was 0.56. And the median was 1.10.
SZSE:000973's Price-to-Median-PS-Value is ranked better than 56.01% of 857
companies
in the Chemicals industry
Industry Median: 1
vs SZSE:000973: 0.94
FSPG Hi-Tech Co Median PS Value Historical Data
The historical data trend for FSPG Hi-Tech Co's Median PS Value 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.
Competitive Comparison of FSPG Hi-Tech Co's Median PS Value
For the Chemicals subindustry, FSPG Hi-Tech Co's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
FSPG Hi-Tech Co's Price-to-Median-PS-Value Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where FSPG Hi-Tech Co's Price-to-Median-PS-Value falls into.
FSPG Hi-Tech Co Median PS Value Calculation
FSPG Hi-Tech Co's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.8462.
FSPG Hi-Tech Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2.172.
* 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.
FSPG Hi-Tech Co (SZSE:000973) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
FSPG Hi-Tech Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
3.76
/
4.01
=
0.94
* 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.
FSPG Hi-Tech Co Median PS Value Related Terms
Thank you for viewing the detailed overview of FSPG Hi-Tech Co's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
FSPG Hi-Tech Co (SZSE:000973) Business Description
FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.
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