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Kingboard Holdings (HKSE:00148) Cyclically Adjusted PS Ratio : 0.45 (As of Jun. 10, 2024)


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What is Kingboard Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Kingboard Holdings's current share price is HK$19.02. Kingboard Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$42.72. Kingboard Holdings's Cyclically Adjusted PS Ratio for today is 0.45.

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

HKSE:00148' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.61   Max: 1.39
Current: 0.45

During the past 13 years, Kingboard Holdings's highest Cyclically Adjusted PS Ratio was 1.39. The lowest was 0.31. And the median was 0.61.

HKSE:00148's Cyclically Adjusted PS Ratio is ranked better than
65.85% of 448 companies
in the Conglomerates industry
Industry Median: 0.725 vs HKSE:00148: 0.45

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.

Kingboard Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$35.827. 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 HK$42.72 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingboard Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kingboard 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.

Kingboard Holdings Cyclically Adjusted PS Ratio Chart

Kingboard 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 0.60 0.82 0.91 0.59 0.44

Kingboard 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 0.91 - 0.59 - 0.44

Competitive Comparison of Kingboard Holdings's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Kingboard 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.


Kingboard Holdings's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingboard Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kingboard 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.

Kingboard Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.02/42.72
=0.45

* 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.

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

For example, Kingboard 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)
=35.827/117.2957*117.2957
=35.827

Current CPI (Dec23) = 117.2957.

Kingboard Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 35.010 99.707 41.186
201512 31.970 102.015 36.759
201612 34.745 103.225 39.481
201712 41.203 104.984 46.035
201812 42.811 107.622 46.659
201912 37.898 110.700 40.156
202012 39.339 109.711 42.059
202112 51.207 112.349 53.462
202212 44.531 114.548 45.599
202312 35.827 117.296 35.827

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.


Kingboard Holdings  (HKSE:00148) 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.


Kingboard Holdings Cyclically Adjusted PS Ratio Related Terms

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


Kingboard Holdings (HKSE:00148) Business Description

Traded in Other Exchanges
Address
3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG
Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: manufacture and sale of laminates; manufacture and sale of printed circuit boards; manufacture and sale of chemicals; sales and rental of properties; investments; and others including service income, manufacture, and sale of magnetic products and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, and America, out of which China accounts for the majority of the revenue.
Executives
Hallgain Management Limited 2101 Beneficial owner
Fmr Llc 2201 Interest of corporation controlled by you
Fidelity Puritan Trust 2101 Beneficial owner

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