GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sands China Ltd (OTCPK:SCHYY) » Definitions » Cyclically Adjusted PS Ratio

Sands China (Sands China) Cyclically Adjusted PS Ratio : 2.88 (As of May. 15, 2024)


View and export this data going back to . Start your Free Trial

What is Sands China Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Sands China's current share price is $26.16. Sands China's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $9.08. Sands China's Cyclically Adjusted PS Ratio for today is 2.88.

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

SCHYY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.75   Med: 4.13   Max: 7.32
Current: 2.89

During the past 13 years, Sands China's highest Cyclically Adjusted PS Ratio was 7.32. The lowest was 1.75. And the median was 4.13.

SCHYY's Cyclically Adjusted PS Ratio is ranked worse than
71.52% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.48 vs SCHYY: 2.89

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.

Sands China's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $8.073. 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 $9.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sands China Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sands China'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.

Sands China Cyclically Adjusted PS Ratio Chart

Sands China 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 5.54 4.68 2.42 3.53 3.22

Sands China 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 2.42 - 3.53 - 3.22

Competitive Comparison of Sands China's Cyclically Adjusted PS Ratio

For the Resorts & Casinos subindustry, Sands China'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.


Sands China's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sands China's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Sands China 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.16/9.08
=2.88

* 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.

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

For example, Sands China'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)
=8.073/129.4194*129.4194
=8.073

Current CPI (Dec23) = 129.4194.

Sands China Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 11.774 99.070 15.381
201512 8.450 99.792 10.959
201612 8.242 101.863 10.472
201712 9.392 104.011 11.686
201812 10.716 105.998 13.084
201912 10.887 108.420 12.996
202012 2.085 109.897 2.455
202112 3.551 117.630 3.907
202212 1.983 125.222 2.049
202312 8.073 129.419 8.073

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.


Sands China  (OTCPK:SCHYY) 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.


Sands China Cyclically Adjusted PS Ratio Related Terms

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


Sands China (Sands China) Business Description

Traded in Other Exchanges
Address
Estrada da Baia de Nossa Senhora da Esperanca, The Venetian Macao, Executive Offices, L2, Taipa, MAC
Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 24% market share in the Macao gaming sector in terms of gross gaming revenue as of the prepandemic 2019 levels. Las Vegas Sands has a 70% stake in Sands China.