China Communications Services (HKSE:00552) Cyclically Adjusted PS Ratio : 0.19 (As of May. 24, 2024)

View and export this data going back to 2006. Start your Free Trial

What is China Communications Services Cyclically Adjusted PS Ratio?

As of today (2024-05-24), China Communications Services's current share price is HK$3.73. China Communications Services's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$19.52. China Communications Services's Cyclically Adjusted PS Ratio for today is 0.19.

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

HKSE:00552' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 0.59
Current: 0.2

During the past 13 years, China Communications Services's highest Cyclically Adjusted PS Ratio was 0.59. The lowest was 0.13. And the median was 0.35.

HKSE:00552's Cyclically Adjusted PS Ratio is ranked better than
89.33% of 300 companies
in the Telecommunication Services industry
Industry Median: 1.055 vs HKSE:00552: 0.20

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.

China Communications Services's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$23.470. 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$19.52 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

China Communications Services Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Communications Services'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.

China Communications Services Cyclically Adjusted PS Ratio Chart

China Communications Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

Get a 7-Day Free Trial

0.37

0.21

0.22

0.15

0.17

China Communications Services 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															0.22	-	0.15	-	0.17

Competitive Comparison of China Communications Services's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, China Communications Services'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.

China Communications Services's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Communications Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Communications Services's Cyclically Adjusted PS Ratio falls into.

China Communications Services 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.

China Communications Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	3.73	/	19.52
	=	0.19

China Communications Services's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Communications Services'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)
	=	23.47	/	114.7809	*	114.7809
	=	23.470

Current CPI (Dec23) = 114.7809.

China Communications Services Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	13.238	99.000	15.348
201512	14.048	100.600	16.028
201612	14.319	102.600	16.019
201712	16.180	104.500	17.772
201812	17.414	106.500	18.768
201912	18.864	111.200	19.471
202012	20.992	111.500	21.610
202112	23.689	113.108	24.039
202212	22.693	115.116	22.627
202312	23.470	114.781	23.470

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.

China Communications Services (HKSE:00552) 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.

China Communications Services Cyclically Adjusted PS Ratio Related Terms

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

China Communications Services (HKSE:00552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Communications Services Corp Ltd (HKSE:00552) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

CUCSF:USA CMW:Germany

Address

Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinaccs.com.hk

China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

China Communications Services (HKSE:00552) Headlines

No Headlines