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Jinan Shengquan Group Share Holding Co (SHSE:605589) Cyclically Adjusted PS Ratio : 1.77 (As of Jun. 14, 2024)


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What is Jinan Shengquan Group Share Holding Co Cyclically Adjusted PS Ratio?

As of today (2024-06-14), Jinan Shengquan Group Share Holding Co's current share price is ¥20.86. Jinan Shengquan Group Share Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥11.78. Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio for today is 1.77.

The historical rank and industry rank for Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:605589' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 1.79   Max: 2.33
Current: 1.71

During the past years, Jinan Shengquan Group Share Holding Co's highest Cyclically Adjusted PS Ratio was 2.33. The lowest was 1.34. And the median was 1.79.

SHSE:605589's Cyclically Adjusted PS Ratio is ranked worse than
62.9% of 1213 companies
in the Chemicals industry
Industry Median: 1.22 vs SHSE:605589: 1.71

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.

Jinan Shengquan Group Share Holding Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥2.642. 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 ¥11.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinan Shengquan Group Share Holding Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jinan Shengquan Group Share Holding Co'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.

Jinan Shengquan Group Share Holding Co Cyclically Adjusted PS Ratio Chart

Jinan Shengquan Group Share Holding Co 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 - - - 1.73 1.87

Jinan Shengquan Group Share Holding Co 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 1.63 1.80 1.91 1.87 1.61

Competitive Comparison of Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio

For the Chemicals subindustry, Jinan Shengquan Group Share Holding Co'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.


Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio falls into.



Jinan Shengquan Group Share Holding Co 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.

Jinan Shengquan Group Share Holding Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.86/11.78
=1.77

* 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.

Jinan Shengquan Group Share Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Jinan Shengquan Group Share Holding Co'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)
=2.642/115.2271*115.2271
=2.642

Current CPI (Mar. 2024) = 115.2271.

Jinan Shengquan Group Share Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 3.611 97.624 4.262
201403 3.330 98.600 3.892
201406 4.253 98.200 4.990
201409 4.514 98.900 5.259
201412 3.224 99.000 3.752
201503 3.337 99.900 3.849
201506 2.922 99.500 3.384
201509 1.028 100.500 1.179
201512 1.646 100.600 1.885
201606 0.000 101.400 0.000
201612 0.000 102.600 0.000
201703 1.527 103.200 1.705
201706 1.967 103.100 2.198
201709 2.132 104.100 2.360
201712 2.250 104.500 2.481
201803 2.046 105.300 2.239
201806 2.478 104.900 2.722
201809 2.468 106.600 2.668
201812 2.208 106.500 2.389
201903 1.989 107.700 2.128
201906 2.217 107.700 2.372
201909 2.074 109.800 2.177
201912 2.188 111.200 2.267
202003 1.849 112.300 1.897
202006 3.755 110.400 3.919
202009 3.464 111.700 3.573
202012 2.852 111.500 2.947
202103 2.738 112.662 2.800
202106 3.192 111.769 3.291
202109 3.138 112.215 3.222
202112 3.115 113.108 3.173
202203 2.839 114.335 2.861
202206 3.352 114.558 3.372
202209 3.001 115.339 2.998
202212 3.230 115.116 3.233
202303 2.697 115.116 2.700
202306 2.875 114.558 2.892
202309 3.037 115.339 3.034
202312 3.174 114.781 3.186
202403 2.642 115.227 2.642

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.


Jinan Shengquan Group Share Holding Co  (SHSE:605589) 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.


Jinan Shengquan Group Share Holding Co Cyclically Adjusted PS Ratio Related Terms

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Jinan Shengquan Group Share Holding Co (SHSE:605589) Business Description

Traded in Other Exchanges
N/A
Address
Diao Town Industrial Economic Development Zone, Zhangqiu District, Shandong Province, Jinan, CHN, 250204
Jinan Shengquan Group Share Holding Co Ltd is engaged in the research and development, production and sales of synthetic resin and composite materials, biomass chemical materials and related products.

Jinan Shengquan Group Share Holding Co (SHSE:605589) Headlines

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