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NetEase (BSP:NETE34) Cyclically Adjusted PS Ratio : 7.47 (As of Jun. 22, 2025)


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What is NetEase Cyclically Adjusted PS Ratio?

As of today (2025-06-22), NetEase's current share price is R$71.12. NetEase's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$9.52. NetEase's Cyclically Adjusted PS Ratio for today is 7.47.

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

BSP:NETE34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.72   Med: 9.88   Max: 21.73
Current: 7.75

During the past years, NetEase's highest Cyclically Adjusted PS Ratio was 21.73. The lowest was 4.72. And the median was 9.88.

BSP:NETE34's Cyclically Adjusted PS Ratio is ranked worse than
86.17% of 282 companies
in the Interactive Media industry
Industry Median: 1.68 vs BSP:NETE34: 7.75

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.

NetEase's adjusted revenue per share data for the three months ended in Mar. 2025 was R$3.571. 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 R$9.52 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NetEase Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NetEase'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.

NetEase Cyclically Adjusted PS Ratio Chart

NetEase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.75 10.09 5.95 6.60 5.56

NetEase Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.05 6.34 5.96 5.56 6.20

Competitive Comparison of NetEase's Cyclically Adjusted PS Ratio

For the Electronic Gaming & Multimedia subindustry, NetEase'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.


NetEase's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

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

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


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NetEase 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=71.12/9.52
=7.47

* 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.

NetEase's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NetEase's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.571/115.1156*115.1156
=3.571

Current CPI (Mar. 2025) = 115.1156.

NetEase Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.346 99.500 0.400
201509 0.618 100.500 0.708
201512 0.718 100.600 0.822
201603 0.679 102.200 0.765
201606 0.705 101.400 0.800
201609 0.680 102.400 0.764
201612 0.886 102.600 0.994
201703 0.932 103.200 1.040
201706 0.977 103.100 1.091
201709 0.897 104.100 0.992
201712 0.373 104.500 0.411
201803 1.112 105.300 1.216
201806 1.455 104.900 1.597
201809 1.222 106.600 1.320
201812 1.738 106.500 1.879
201903 1.277 107.700 1.365
201906 1.244 107.700 1.330
201909 1.301 109.800 1.364
201912 1.409 111.200 1.459
202003 1.814 112.300 1.859
202006 2.030 110.400 2.117
202009 2.156 111.700 2.222
202012 2.279 111.500 2.353
202103 2.611 112.662 2.668
202106 2.372 111.769 2.443
202109 2.699 112.215 2.769
202112 3.256 113.108 3.314
202203 2.786 114.335 2.805
202206 2.641 114.558 2.654
202209 2.770 115.339 2.765
202212 2.918 115.116 2.918
202303 2.907 115.116 2.907
202306 2.505 114.558 2.517
202309 2.839 115.339 2.834
202312 2.863 114.781 2.871
202403 2.857 115.227 2.854
202406 2.917 114.781 2.926
202409 3.181 115.785 3.163
202412 3.496 114.893 3.503
202503 3.571 115.116 3.571

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.


NetEase  (BSP:NETE34) 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.


NetEase Cyclically Adjusted PS Ratio Related Terms

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


NetEase Business Description

Address
No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052
Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.

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