Nanjing Innovative Data Technologies Co (BJSE:835305) Cyclically Adjusted PS Ratio : 8.77 (As of Nov. 28, 2024)

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What is Nanjing Innovative Data Technologies Co Cyclically Adjusted PS Ratio?

As of today (2024-11-28), Nanjing Innovative Data Technologies Co's current share price is ¥27.00. Nanjing Innovative Data Technologies Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ¥3.08. Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio for today is 8.77.

The historical rank and industry rank for Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

BJSE:835305' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.21 Med: 3.92 Max: 8.1
Current: 8.1

During the past 11 years, Nanjing Innovative Data Technologies Co's highest Cyclically Adjusted PS Ratio was 8.10. The lowest was 3.21. And the median was 3.92.

BJSE:835305's Cyclically Adjusted PS Ratio is ranked worse than
92.71% of 1618 companies
in the Hardware industry
Industry Median: 1.29 vs BJSE:835305: 8.10

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.

Nanjing Innovative Data Technologies Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ¥2.213. 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 ¥3.08 for the trailing ten years ended in Dec23.

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Nanjing Innovative Data Technologies Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nanjing Innovative Data Technologies 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.

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Nanjing Innovative Data Technologies Co Cyclically Adjusted PS Ratio Chart

Nanjing Innovative Data Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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3.22

6.05

Nanjing Innovative Data Technologies Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															-	6.05	-	-	-

Competitive Comparison of Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Nanjing Innovative Data Technologies 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.

Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio falls into.

Nanjing Innovative Data Technologies 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.

Nanjing Innovative Data Technologies Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	27.00	/	3.08
	=	8.77

Nanjing Innovative Data Technologies Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Nanjing Innovative Data Technologies Co's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	2.213	/	114.7809	*	114.7809
	=	2.213

Current CPI (Dec23) = 114.7809.

Nanjing Innovative Data Technologies Co Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	0.986	99.000	1.143
201512	1.431	100.600	1.633
201612	3.277	102.600	3.666
201712	3.374	104.500	3.706
201812	5.488	106.500	5.915
201912	2.468	111.200	2.547
202012	3.140	111.500	3.232
202112	3.913	113.108	3.971
202212	2.786	115.116	2.778
202312	2.213	114.781	2.213

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.

Nanjing Innovative Data Technologies Co (BJSE:835305) 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.

Nanjing Innovative Data Technologies Co Cyclically Adjusted PS Ratio Related Terms

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Nanjing Innovative Data Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Innovative Data Technologies Co Ltd (BJSE:835305) » Definitions » Cyclically Adjusted PS Ratio

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Address

No. 6 Yongzhi Road, Building A-4, Floor 9, Nanjing Baixia High-tech Industrial Park, Qinhuai District, Nanjing, CHN, 210014

Website

http://www.cstor.cn

Nanjing Innovative Data Technologies Co Ltd focuses the big data storage and intelligent processing business. It is engaged in the development, operation, sales, and related technical services of basic technology products and application systems for intelligent storage and processing of big data information. It includes products such as cStor C1000 cloud storage system, Yunchuang network disk, and rStor FS series disk array storage system.

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