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Pico Far East Holdings (HKSE:00752) Cyclically Adjusted PS Ratio : 0.44 (As of May. 23, 2024)


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What is Pico Far East Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Pico Far East Holdings's current share price is HK$1.69. Pico Far East Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct23 was HK$3.81. Pico Far East Holdings's Cyclically Adjusted PS Ratio for today is 0.44.

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

HKSE:00752' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.71   Max: 1.27
Current: 0.45

During the past 13 years, Pico Far East Holdings's highest Cyclically Adjusted PS Ratio was 1.27. The lowest was 0.24. And the median was 0.71.

HKSE:00752's Cyclically Adjusted PS Ratio is ranked better than
70.24% of 709 companies
in the Media - Diversified industry
Industry Median: 0.89 vs HKSE:00752: 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.

Pico Far East Holdings's adjusted revenue per share data of for the fiscal year that ended in Oct23 was HK$4.296. 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$3.81 for the trailing ten years ended in Oct23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pico Far East Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pico Far East 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.

Pico Far East Holdings Cyclically Adjusted PS Ratio Chart

Pico Far East Holdings Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.31 0.36 0.30 0.36

Pico Far East Holdings Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 0.36 - 0.30 - 0.36

Competitive Comparison of Pico Far East Holdings's Cyclically Adjusted PS Ratio

For the Advertising Agencies subindustry, Pico Far East 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.


Pico Far East Holdings's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pico Far East Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Pico Far East 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.

Pico Far East Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.69/3.81
=0.44

* 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.

Pico Far East Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Pico Far East Holdings's adjusted Revenue per Share data for the fiscal year that ended in Oct23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=4.296/117.2957*117.2957
=4.296

Current CPI (Oct23) = 117.2957.

Pico Far East Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201410 3.143 99.267 3.714
201510 3.453 101.466 3.992
201610 3.383 102.675 3.865
201710 3.232 104.324 3.634
201810 3.750 107.072 4.108
201910 4.054 110.590 4.300
202010 2.777 110.150 2.957
202110 3.271 112.129 3.422
202210 3.666 114.108 3.768
202310 4.296 117.296 4.296

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.


Pico Far East Holdings  (HKSE:00752) 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.


Pico Far East Holdings Cyclically Adjusted PS Ratio Related Terms

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


Pico Far East Holdings (HKSE:00752) Business Description

Traded in Other Exchanges
Address
Pico House, 4 Dai Fu Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG
Pico Far East Holdings Ltd is in brand activation. It promotes brands provides exhibition and event marketing services. Its services include events, exhibitions, visual identity, interior and retail, themed environment, venue management, conference and exhibition management, expo, and sports. The company's operating segment includes Exhibition, event and brand activation; Visual branding activation; Museum and themed environment and Meeting architecture activation. It generates maximum revenue from the Exhibition, event and brand activation segment. Geographically, it derives a majority of revenue from Greater China.

Pico Far East Holdings (HKSE:00752) Headlines

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