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Shanghai Fortune Techgroup Co (SZSE:300493) Cyclically Adjusted PS Ratio : 1.93 (As of Jun. 02, 2024)


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What is Shanghai Fortune Techgroup Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Shanghai Fortune Techgroup Co's current share price is ¥8.14. Shanghai Fortune Techgroup Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥4.22. Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio for today is 1.93.

The historical rank and industry rank for Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:300493' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.25   Med: 1.95   Max: 2.25
Current: 1.83

During the past years, Shanghai Fortune Techgroup Co's highest Cyclically Adjusted PS Ratio was 2.25. The lowest was 1.25. And the median was 1.95.

SZSE:300493's Cyclically Adjusted PS Ratio is ranked better than
57.39% of 683 companies
in the Semiconductors industry
Industry Median: 2.31 vs SZSE:300493: 1.83

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.

Shanghai Fortune Techgroup Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.909. 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 ¥4.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Fortune Techgroup Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co Cyclically Adjusted PS Ratio Chart

Shanghai Fortune Techgroup 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 - - - - 2.02

Shanghai Fortune Techgroup 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 - 2.19 1.96 2.02 1.73

Competitive Comparison of Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, Shanghai Fortune Techgroup 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.


Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio falls into.



Shanghai Fortune Techgroup 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.

Shanghai Fortune Techgroup Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.14/4.22
=1.93

* 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.

Shanghai Fortune Techgroup Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shanghai Fortune Techgroup 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)
=0.909/115.2271*115.2271
=0.909

Current CPI (Mar. 2024) = 115.2271.

Shanghai Fortune Techgroup Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.692 98.600 0.809
201409 0.721 98.900 0.840
201412 0.712 99.000 0.829
201503 0.734 99.900 0.847
201506 0.800 99.500 0.926
201509 0.821 100.500 0.941
201512 1.051 100.600 1.204
201603 0.663 102.200 0.748
201606 1.830 101.400 2.080
201609 2.470 102.400 2.779
201612 1.052 102.600 1.181
201703 0.900 103.200 1.005
201706 1.009 103.100 1.128
201709 1.155 104.100 1.278
201712 0.966 104.500 1.065
201803 0.747 105.300 0.817
201806 0.994 104.900 1.092
201809 1.525 106.600 1.648
201812 1.154 106.500 1.249
201903 0.918 107.700 0.982
201906 0.541 107.700 0.579
201909 0.841 109.800 0.883
201912 0.929 111.200 0.963
202003 0.440 112.300 0.451
202006 0.691 110.400 0.721
202009 0.829 111.700 0.855
202012 0.731 111.500 0.755
202103 0.662 112.662 0.677
202106 1.288 111.769 1.328
202109 0.908 112.215 0.932
202112 1.107 113.108 1.128
202203 0.975 114.335 0.983
202206 1.102 114.558 1.108
202209 1.073 115.339 1.072
202212 1.076 115.116 1.077
202303 1.040 115.116 1.041
202306 0.821 114.558 0.826
202309 1.079 115.339 1.078
202312 1.415 114.781 1.421
202403 0.909 115.227 0.909

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.


Shanghai Fortune Techgroup Co  (SZSE:300493) 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.


Shanghai Fortune Techgroup Co Cyclically Adjusted PS Ratio Related Terms

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


Shanghai Fortune Techgroup Co (SZSE:300493) Business Description

Traded in Other Exchanges
N/A
Address
No. 200, Tianlin Road, 3rd Floor, Room 301, Building A2, China Fortune Properties, Xuhui District, Shanghai, CHN, 200233
Shanghai Fortune Techgroup Co Ltd is a provider of semiconductor chips and solutions for the telecommunication industry in China. The company products include wired and wireless communications, radio frequency and power amplifier type of components, sensors, and others. The company provides different solutions for smart home, smart cities, surveillance, and fingerprint identification applications.
Executives
Wang Ye Supervisors
Le Zhen Wu Independent director

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