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Fuxing China Group (SGX:AWK) Cyclically Adjusted PS Ratio : 0.03 (As of May. 22, 2024)


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What is Fuxing China Group Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Fuxing China Group's current share price is S$0.305. Fuxing China Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$9.84. Fuxing China Group's Cyclically Adjusted PS Ratio for today is 0.03.

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

SGX:AWK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.07   Max: 0.11
Current: 0.03

During the past 13 years, Fuxing China Group's highest Cyclically Adjusted PS Ratio was 0.11. The lowest was 0.02. And the median was 0.07.

SGX:AWK's Cyclically Adjusted PS Ratio is ranked better than
98.95% of 856 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.65 vs SGX:AWK: 0.03

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.

Fuxing China Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$8.260. 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 S$9.84 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuxing China Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fuxing China Group'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.

Fuxing China Group Cyclically Adjusted PS Ratio Chart

Fuxing China Group 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 0.08 0.07 0.08 0.06 0.04

Fuxing China Group 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 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 0.08 - 0.06 - 0.04

Competitive Comparison of Fuxing China Group's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, Fuxing China Group'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.


Fuxing China Group's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Fuxing China Group 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.

Fuxing China Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.305/9.84
=0.03

* 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.

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

For example, Fuxing China Group'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)
=8.26/114.7809*114.7809
=8.260

Current CPI (Dec23) = 114.7809.

Fuxing China Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 8.016 99.000 9.294
201512 8.910 100.600 10.166
201612 10.038 102.600 11.230
201712 10.938 104.500 12.014
201812 10.425 106.500 11.236
201912 8.326 111.200 8.594
202012 8.265 111.500 8.508
202112 9.488 113.108 9.628
202212 9.479 115.116 9.451
202312 8.260 114.781 8.260

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.


Fuxing China Group  (SGX:AWK) 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.


Fuxing China Group Cyclically Adjusted PS Ratio Related Terms

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


Fuxing China Group (SGX:AWK) Business Description

Traded in Other Exchanges
Address
Hangbian Industrial Area, Longhu Town, Fujian Province, Jinjiang, CHN, 362241
Fuxing China Group Ltd is an investment holding company. The company has four reportable operating segments: Zippers, Processing, Trading, and Corporate. The zipper segment is further subdivided into Zipper Chains, and Zipper Sliders. The processing segment includes colour dyeing of fabric tapes for zippers, electroplating services for zipper sliders, and manufacturing and sales of dyed yarn. The Trading segment represents the trading of raw materials, including rubber thread, nylon fabric, and nylon yarn. Its geographical segments are China and Hong Kong, of which China accounts for the majority of its revenue.