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JPMorgan China Growth &ome (CHIX:JCGIL) Cyclically Adjusted PS Ratio : 9.13 (As of Jun. 06, 2024)


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What is JPMorgan China Growth &ome Cyclically Adjusted PS Ratio?

As of today (2024-06-06), JPMorgan China Growth &ome's current share price is £2.2825. JPMorgan China Growth &ome's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was £0.25. JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio for today is 9.13.

The historical rank and industry rank for JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:JCGIl' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.34   Med: 10.47   Max: 21.36
Current: 9.16

During the past years, JPMorgan China Growth &ome's highest Cyclically Adjusted PS Ratio was 21.36. The lowest was 6.34. And the median was 10.47.

CHIX:JCGIl's Cyclically Adjusted PS Ratio is ranked worse than
57.75% of 871 companies
in the Asset Management industry
Industry Median: 7.67 vs CHIX:JCGIl: 9.16

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.

JPMorgan China Growth &ome's adjusted revenue per share data for the three months ended in Sep. 2023 was £-0.778. 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 £0.25 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan China Growth &ome Cyclically Adjusted PS Ratio Historical Data

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Cyclically Adjusted PS Ratio Chart

JPMorgan China Growth &ome Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 12.28 10.37 9.54 9.76

JPMorgan China Growth &ome Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 10.37 - 9.54 - 9.76

Competitive Comparison of JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, JPMorgan China Growth &ome'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.


JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio falls into.



JPMorgan China Growth &ome 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.

JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.2825/0.25
=9.13

* 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.

JPMorgan China Growth &ome's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, JPMorgan China Growth &ome's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.778/130.1000*130.1000
=-0.778

Current CPI (Sep. 2023) = 130.1000.

JPMorgan China Growth &ome Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200403 0.082 77.300 0.138
200409 0.022 77.900 0.037
200503 0.031 78.800 0.051
200509 0.125 79.900 0.204
200603 0.130 80.400 0.210
200609 -0.021 81.900 -0.033
200703 0.174 82.800 0.273
200709 0.577 83.500 0.899
200803 -0.297 84.900 -0.455
200809 -0.225 87.500 -0.335
200903 0.083 87.300 0.124
200909 0.375 88.300 0.553
201003 0.181 89.400 0.263
201009 0.084 90.400 0.121
201103 0.115 92.600 0.162
201109 -0.392 94.500 -0.540
201203 0.176 95.400 0.240
201209 0.011 96.400 0.015
201303 0.263 97.800 0.350
201309 0.004 98.700 0.005
201403 0.001 99.300 0.001
201409 0.143 100.000 0.186
201503 0.419 99.600 0.547
201509 -0.405 100.200 -0.526
201603 0.126 100.400 0.163
201609 0.505 101.500 0.647
201703 0.177 102.700 0.224
201709 0.507 104.300 0.632
201803 0.317 105.100 0.392
201809 -0.349 106.600 -0.426
201903 0.246 107.000 0.299
201909 0.241 108.400 0.289
202003 0.288 108.600 0.345
202009 1.991 109.200 2.372
202103 0.612 109.700 0.726
202109 -0.548 112.400 -0.634
202203 -1.719 116.500 -1.920
202209 -0.315 122.300 -0.335
202303 0.270 126.800 0.277
202309 -0.778 130.100 -0.778

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.


JPMorgan China Growth &ome  (CHIX:JCGIl) 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.


JPMorgan China Growth &ome Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


JPMorgan China Growth &ome (CHIX:JCGIL) Business Description

Traded in Other Exchanges
Address
60 Victoria Embankment, London, GBR, EC4Y0JP
JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives, it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK listed investment companies. It reviews its performance against MSCI China Index, with net dividends reinvested, in sterling terms.

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