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The Wharf (Holdings) (FRA:WHA) Cyclically Adjusted PS Ratio : 2.58 (As of May. 20, 2024)


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What is The Wharf (Holdings) Cyclically Adjusted PS Ratio?

As of today (2024-05-20), The Wharf (Holdings)'s current share price is €3.10. The Wharf (Holdings)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €1.20. The Wharf (Holdings)'s Cyclically Adjusted PS Ratio for today is 2.58.

The historical rank and industry rank for The Wharf (Holdings)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:WHA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.98   Max: 3.28
Current: 2.56

During the past 13 years, The Wharf (Holdings)'s highest Cyclically Adjusted PS Ratio was 3.28. The lowest was 1.11. And the median was 1.98.

FRA:WHA's Cyclically Adjusted PS Ratio is ranked worse than
59.91% of 1372 companies
in the Real Estate industry
Industry Median: 1.755 vs FRA:WHA: 2.56

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.

The Wharf (Holdings)'s adjusted revenue per share data of for the fiscal year that ended in Dec23 was €0.728. 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 €1.20 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Wharf (Holdings) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for The Wharf (Holdings)'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.

The Wharf (Holdings) Cyclically Adjusted PS Ratio Chart

The Wharf (Holdings) 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 1.71 1.84 2.13 2.12 2.41

The Wharf (Holdings) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.13 - 2.12 - 2.41

Competitive Comparison of The Wharf (Holdings)'s Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, The Wharf (Holdings)'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.


The Wharf (Holdings)'s Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The Wharf (Holdings)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where The Wharf (Holdings)'s Cyclically Adjusted PS Ratio falls into.



The Wharf (Holdings) 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.

The Wharf (Holdings)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.10/1.2
=2.58

* 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.

The Wharf (Holdings)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, The Wharf (Holdings)'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)
=0.728/117.2957*117.2957
=0.728

Current CPI (Dec23) = 117.2957.

The Wharf (Holdings) Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.316 99.707 1.548
201512 1.597 102.015 1.836
201612 1.880 103.225 2.136
201712 1.542 104.984 1.723
201812 0.777 107.622 0.847
201912 0.638 110.700 0.676
202012 0.730 109.711 0.780
202112 0.831 112.349 0.868
202212 0.717 114.548 0.734
202312 0.728 117.296 0.728

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.


The Wharf (Holdings)  (FRA:WHA) 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.


The Wharf (Holdings) Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of The Wharf (Holdings)'s Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


The Wharf (Holdings) (FRA:WHA) Business Description

Traded in Other Exchanges
Address
Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.

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