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Grand T G Gold Holdings (HKSE:08299) Cyclically Adjusted PS Ratio : 2.02 (As of May. 15, 2024)


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What is Grand T G Gold Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Grand T G Gold Holdings's current share price is HK$0.202. Grand T G Gold Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was HK$0.10. Grand T G Gold Holdings's Cyclically Adjusted PS Ratio for today is 2.02.

The historical rank and industry rank for Grand T G Gold Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:08299' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 1.08   Max: 2.63
Current: 2.01

During the past years, Grand T G Gold Holdings's highest Cyclically Adjusted PS Ratio was 2.63. The lowest was 0.03. And the median was 1.08.

HKSE:08299's Cyclically Adjusted PS Ratio is ranked worse than
61.73% of 588 companies
in the Metals & Mining industry
Industry Median: 1.32 vs HKSE:08299: 2.01

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.

Grand T G Gold Holdings's adjusted revenue per share data for the three months ended in Sep. 2023 was HK$0.005. 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$0.10 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grand T G Gold Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Grand T G Gold 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.

Grand T G Gold Holdings Cyclically Adjusted PS Ratio Chart

Grand T G Gold 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 - - 0.03 0.21 1.07

Grand T G Gold Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 2.00 1.28 1.07 1.23 1.10

Competitive Comparison of Grand T G Gold Holdings's Cyclically Adjusted PS Ratio

For the Gold subindustry, Grand T G Gold 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.


Grand T G Gold Holdings's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grand T G Gold Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Grand T G Gold Holdings's Cyclically Adjusted PS Ratio falls into.



Grand T G Gold 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.

Grand T G Gold Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.202/0.1
=2.02

* 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.

Grand T G Gold Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Grand T G Gold Holdings's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.005/116.0865*116.0865
=0.005

Current CPI (Sep. 2023) = 116.0865.

Grand T G Gold Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201003 0.044 81.239 0.063
201103 0.000 84.756 0.000
201203 0.000 88.934 0.000
201303 0.000 92.122 0.000
201403 0.000 95.749 0.000
201503 0.000 99.927 0.000
201506 0.005 99.267 0.006
201509 0.015 99.927 0.017
201512 0.012 102.015 0.014
201603 0.074 102.785 0.084
201606 0.007 101.686 0.008
201609 0.057 102.565 0.065
201612 0.061 103.225 0.069
201703 0.013 103.335 0.015
201706 0.030 103.664 0.034
201709 0.052 103.994 0.058
201712 0.039 104.984 0.043
201803 0.027 105.973 0.030
201806 0.040 106.193 0.044
201809 0.022 106.852 0.024
201812 0.027 107.622 0.029
201903 0.015 108.172 0.016
201906 0.026 109.601 0.028
201909 0.018 110.260 0.019
201912 0.016 110.700 0.017
202003 -0.016 110.920 -0.017
202006 0.018 110.590 0.019
202009 0.011 107.512 0.012
202012 0.004 109.711 0.004
202103 0.025 111.579 0.026
202106 0.015 111.360 0.016
202109 0.018 109.051 0.019
202112 0.030 112.349 0.031
202203 0.017 113.558 0.017
202206 0.011 113.448 0.011
202209 0.006 113.778 0.006
202212 0.006 114.548 0.006
202303 0.006 115.427 0.006
202306 0.009 115.647 0.009
202309 0.005 116.087 0.005

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.


Grand T G Gold Holdings  (HKSE:08299) 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.


Grand T G Gold Holdings Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Grand T G Gold Holdings's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Grand T G Gold Holdings (HKSE:08299) Business Description

Traded in Other Exchanges
N/A
Address
305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG
Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

Grand T G Gold Holdings (HKSE:08299) Headlines

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