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Huaneng Power International (HKSE:00902) Cyclically Adjusted PS Ratio : 0.88 (As of May. 19, 2024)


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What is Huaneng Power International Cyclically Adjusted PS Ratio?

As of today (2024-05-19), Huaneng Power International's current share price is HK$5.13. Huaneng Power International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$5.86. Huaneng Power International's Cyclically Adjusted PS Ratio for today is 0.88.

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

HKSE:00902' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.72   Max: 1.58
Current: 0.74

During the past years, Huaneng Power International's highest Cyclically Adjusted PS Ratio was 1.58. The lowest was 0.37. And the median was 0.72.

HKSE:00902's Cyclically Adjusted PS Ratio is ranked better than
69.73% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.88 vs HKSE:00902: 0.74

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.

Huaneng Power International's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$3.862. 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$5.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huaneng Power International Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Huaneng Power International'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.

Huaneng Power International Cyclically Adjusted PS Ratio Chart

Huaneng Power International 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 0.52 0.43 0.91 0.65 0.65

Huaneng Power International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.73 0.79 0.66 0.65 0.79

Competitive Comparison of Huaneng Power International's Cyclically Adjusted PS Ratio

For the Utilities - Independent Power Producers subindustry, Huaneng Power International'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.


Huaneng Power International's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Huaneng Power International's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Huaneng Power International's Cyclically Adjusted PS Ratio falls into.



Huaneng Power International 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.

Huaneng Power International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.13/5.86
=0.88

* 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.

Huaneng Power International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Huaneng Power International's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.862/115.2271*115.2271
=3.862

Current CPI (Mar. 2024) = 115.2271.

Huaneng Power International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.112 98.200 3.652
201409 3.042 98.900 3.544
201412 2.932 99.000 3.413
201503 2.964 99.900 3.419
201506 2.697 99.500 3.123
201509 2.700 100.500 3.096
201512 2.555 100.600 2.926
201603 2.750 102.200 3.101
201606 2.243 101.400 2.549
201609 2.756 102.400 3.101
201612 2.771 102.600 3.112
201703 2.597 103.200 2.900
201706 2.551 103.100 2.851
201709 3.184 104.100 3.524
201712 2.602 104.500 2.869
201803 3.478 105.300 3.806
201806 2.752 104.900 3.023
201809 3.440 106.600 3.718
201812 2.424 106.500 2.623
201903 3.216 107.700 3.441
201906 2.570 107.700 2.750
201909 2.777 109.800 2.914
201912 1.973 111.200 2.044
202003 2.385 112.300 2.447
202006 2.482 110.400 2.591
202009 2.572 111.700 2.653
202012 2.224 111.500 2.298
202103 3.175 112.662 3.247
202106 2.523 111.769 2.601
202109 3.843 112.215 3.946
202112 5.631 113.108 5.737
202203 7.571 114.335 7.630
202206 4.834 114.558 4.862
202209 7.045 115.339 7.038
202212 4.785 115.116 4.790
202303 3.304 115.116 3.307
202306 3.653 114.558 3.674
202309 4.268 115.339 4.264
202312 2.859 114.781 2.870
202403 3.862 115.227 3.862

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.


Huaneng Power International  (HKSE:00902) 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.


Huaneng Power International Cyclically Adjusted PS Ratio Related Terms

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


Huaneng Power International (HKSE:00902) Business Description

Traded in Other Exchanges
Address
No. 6 Fuxingmennei Street, Huaneng Building, Xicheng District, Beijing, CHN, 100031
Huaneng Power International Inc is an independent power producer. It develops, constructs, and operates power plants in Chinese provinces, as well as a wholly-owned power company in Singapore. The reportable segments of the Group are the PRC power segment, the overseas segment and all other segments. It derives the majority of its revenue from the PRC power segment.

Huaneng Power International (HKSE:00902) Headlines

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