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National Electronics Holdings (HKSE:00213) Cyclically Adjusted PS Ratio : 0.56 (As of May. 26, 2024)


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What is National Electronics Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-26), National Electronics Holdings's current share price is HK$0.63. National Electronics Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was HK$1.12. National Electronics Holdings's Cyclically Adjusted PS Ratio for today is 0.56.

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

HKSE:00213' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.77   Max: 0.97
Current: 0.56

During the past 13 years, National Electronics Holdings's highest Cyclically Adjusted PS Ratio was 0.97. The lowest was 0.51. And the median was 0.77.

HKSE:00213's Cyclically Adjusted PS Ratio is ranked better than
56.18% of 858 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.65 vs HKSE:00213: 0.56

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.

National Electronics Holdings's adjusted revenue per share data of for the fiscal year that ended in Mar23 was HK$0.537. 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$1.12 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Electronics Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for National Electronics 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.

National Electronics Holdings Cyclically Adjusted PS Ratio Chart

National Electronics Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.86 0.85 0.88 0.82

National Electronics Holdings Semi-Annual 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 - 0.88 - 0.82 -

Competitive Comparison of National Electronics Holdings's Cyclically Adjusted PS Ratio

For the Footwear & Accessories subindustry, National Electronics 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.


National Electronics Holdings's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, National Electronics Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



National Electronics 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.63/1.12
=0.56

* 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.

National Electronics Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, National Electronics Holdings's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.537/115.4269*115.4269
=0.537

Current CPI (Mar23) = 115.4269.

National Electronics Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.102 95.749 1.328
201503 1.381 99.927 1.595
201603 1.112 102.785 1.249
201703 0.984 103.335 1.099
201803 1.372 105.973 1.494
201903 0.862 108.172 0.920
202003 0.667 110.920 0.694
202103 1.468 111.579 1.519
202203 0.720 113.558 0.732
202303 0.537 115.427 0.537

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.


National Electronics Holdings  (HKSE:00213) 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.


National Electronics Holdings Cyclically Adjusted PS Ratio Related Terms

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


National Electronics Holdings (HKSE:00213) Business Description

Traded in Other Exchanges
N/A
Address
11 Pedder Street, The Landmark, Suite 3201, Gloucester Tower, Central, Hong Kong, HKG
National Electronics Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacture of watches and trading of watch movements, Property development and investment, and Hotel operation. The property development and investment segment includes the development and sale of properties and the holding of properties for investment and leasing purposes. The company generates the majority of its revenue from sales of watches. The company has a Geographically presence in North America, Hong Kong, China, Europe, and Other Countries.
Executives
Lee Loewe Bon Chi
Lee Yuen Ching Jimmy
Fenmore Investments Limited 2101 Beneficial owner
Hsbc International Trustee Limited 2301 Trustee
Americus Holdings Limited 2101 Beneficial owner

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