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PCCW (HKSE:00008) Cyclically Adjusted PS Ratio : 0.76 (As of Apr. 27, 2024)


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What is PCCW Cyclically Adjusted PS Ratio?

As of today (2024-04-27), PCCW's current share price is HK$3.94. PCCW's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$5.21. PCCW's Cyclically Adjusted PS Ratio for today is 0.76.

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

HKSE:00008' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.91   Max: 1.22
Current: 0.76

During the past 13 years, PCCW's highest Cyclically Adjusted PS Ratio was 1.22. The lowest was 0.62. And the median was 0.91.

HKSE:00008's Cyclically Adjusted PS Ratio is not ranked
in the Telecommunication Services industry.
Industry Median: 1.02 vs HKSE:00008: 0.76

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.

PCCW's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$4.700. 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$5.21 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


PCCW Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PCCW'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.

PCCW Cyclically Adjusted PS Ratio Chart

PCCW 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 0.92 0.97 0.80 0.69 0.80

PCCW 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 0.80 - 0.69 - 0.80

Competitive Comparison of PCCW's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, PCCW'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.


PCCW's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PCCW's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PCCW 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.

PCCW's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.94/5.21
=0.76

* 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.

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

For example, PCCW'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)
=4.7/117.2957*117.2957
=4.700

Current CPI (Dec23) = 117.2957.

PCCW Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 4.529 99.707 5.328
201512 5.129 102.015 5.897
201612 5.008 103.225 5.691
201712 4.775 104.984 5.335
201812 5.032 107.622 5.484
201912 4.859 110.700 5.149
202012 4.663 109.711 4.985
202112 4.588 112.349 4.790
202212 4.665 114.548 4.777
202312 4.700 117.296 4.700

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.


PCCW  (HKSE:00008) 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.


PCCW Cyclically Adjusted PS Ratio Related Terms

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


PCCW (HKSE:00008) Business Description

Traded in Other Exchanges
Address
Taikoo Place, 979 King’s Road, 41st Floor, PCCW Tower, Quarry Bay, Hong Kong, HKG
PCCW Ltd is a Hong Kong-based company engaged in the businesses of telecommunications, media, information technology solutions, property development and investment, and others. Its operating segments are HKT Limited (HKT), Media Business, and Solutions Business. The entity derives key revenue from the HKT segment, which includes the provision of telecommunications and related services such as local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers. The company operates in Hong Kong, Mainland and other parts of China, Singapore and other countries, of which maximum revenue is derived from the operations in Hong Kong.

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