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CECEP Solar Energy Co (SZSE:000591) Cyclically Adjusted PS Ratio : 2.52 (As of Nov. 13, 2024)


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What is CECEP Solar Energy Co Cyclically Adjusted PS Ratio?

As of today (2024-11-13), CECEP Solar Energy Co's current share price is ¥5.17. CECEP Solar Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ¥2.05. CECEP Solar Energy Co's Cyclically Adjusted PS Ratio for today is 2.52.

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

SZSE:000591' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.01   Max: 3.13
Current: 2.59

During the past years, CECEP Solar Energy Co's highest Cyclically Adjusted PS Ratio was 3.13. The lowest was 0.47. And the median was 1.01.

SZSE:000591's Cyclically Adjusted PS Ratio is ranked worse than
63.67% of 256 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.725 vs SZSE:000591: 2.59

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.

CECEP Solar Energy Co's adjusted revenue per share data for the three months ended in Sep. 2024 was ¥0.391. 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 ¥2.05 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CECEP Solar Energy Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CECEP Solar Energy 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.

CECEP Solar Energy Co Cyclically Adjusted PS Ratio Chart

CECEP Solar Energy 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 0.68 1.59 2.87 2.23 2.14

CECEP Solar Energy Co Quarterly Data
Dec19 Mar20 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 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 2.09 2.14 2.17 2.13 2.50

Competitive Comparison of CECEP Solar Energy Co's Cyclically Adjusted PS Ratio

For the Utilities - Renewable subindustry, CECEP Solar Energy 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.


CECEP Solar Energy Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CECEP Solar Energy Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CECEP Solar Energy Co's Cyclically Adjusted PS Ratio falls into.



CECEP Solar Energy 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.

CECEP Solar Energy Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.17/2.05
=2.52

* 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.

CECEP Solar Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, CECEP Solar Energy Co's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.391/115.7848*115.7848
=0.391

Current CPI (Sep. 2024) = 115.7848.

CECEP Solar Energy Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 -0.062 99.000 -0.073
201503 0.368 99.900 0.427
201506 0.634 99.500 0.738
201509 0.425 100.500 0.490
201512 0.841 100.600 0.968
201603 0.324 102.200 0.367
201606 0.518 101.400 0.591
201609 0.234 102.400 0.265
201612 0.502 102.600 0.567
201703 0.189 103.200 0.212
201706 0.579 103.100 0.650
201709 0.481 104.100 0.535
201712 0.485 104.500 0.537
201803 0.279 105.300 0.307
201806 0.383 104.900 0.423
201809 0.336 106.600 0.365
201812 0.680 106.500 0.739
201903 0.289 107.700 0.311
201906 0.390 107.700 0.419
201909 0.541 109.800 0.570
201912 0.447 111.200 0.465
202003 0.337 112.300 0.347
202006 0.446 110.400 0.468
202009 0.470 111.700 0.487
202012 0.510 111.500 0.530
202103 0.525 112.662 0.540
202106 0.593 111.769 0.614
202109 0.610 112.215 0.629
202112 0.598 113.108 0.612
202203 0.462 114.335 0.468
202206 0.709 114.558 0.717
202209 0.650 115.339 0.653
202212 0.853 115.116 0.858
202303 0.436 115.116 0.439
202306 0.594 114.558 0.600
202309 0.615 115.339 0.617
202312 0.791 114.781 0.798
202403 0.360 115.227 0.362
202406 0.468 114.781 0.472
202409 0.391 115.785 0.391

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.


CECEP Solar Energy Co  (SZSE:000591) 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.


CECEP Solar Energy Co Cyclically Adjusted PS Ratio Related Terms

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


CECEP Solar Energy Co Business Description

Traded in Other Exchanges
N/A
Address
No. 42, Xizhimen North Street, 7th Floor, Energy Saving Building, Haidian District, Beijing, CHN, 100082
CECEP Solar Energy Co Ltd is engaged in the Investment and operation of solar photovoltaic power stations and the production and sales of solar cells and modules.
Executives
Ai Wei Director
Peng Qi Yuan Director
Hu Xiao Hua Executives
Song Wei Directors, executives
Wang Zu Yue Executives
Liu Ya Supervisors
Lei Rong Director

CECEP Solar Energy Co Headlines

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