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PetroChina Co (BUE:PTRCY) Cyclically Adjusted PS Ratio : (As of May. 16, 2024)


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What is PetroChina Co Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PetroChina Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PetroChina 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.

PetroChina Co Cyclically Adjusted PS Ratio Chart

PetroChina 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 0.47 0.33 0.38 0.37 0.52

PetroChina 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 0.44 0.56 0.59 0.52 0.73

Competitive Comparison of PetroChina Co's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, PetroChina 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.


PetroChina Co's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroChina Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PetroChina 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.

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

For example, PetroChina 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)
=12978.977/115.2271*115.2271
=12,978.977

Current CPI (Mar. 2024) = 115.2271.

PetroChina Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 109.675 98.200 128.692
201409 110.627 98.900 128.890
201412 102.565 99.000 119.376
201503 70.744 99.900 81.598
201506 106.225 99.500 123.015
201509 91.128 100.500 104.482
201512 109.801 100.600 125.766
201603 114.965 102.200 129.619
201606 105.746 101.400 120.166
201609 125.663 102.400 141.404
201612 125.552 102.600 141.004
201703 145.204 103.200 162.126
201706 165.961 103.100 185.482
201709 178.125 104.100 197.165
201712 220.024 104.500 242.610
201803 234.394 105.300 256.491
201806 306.681 104.900 336.873
201809 445.370 106.600 481.414
201812 484.320 106.500 524.007
201903 473.204 107.700 506.276
201906 532.140 107.700 569.331
201909 660.431 109.800 693.074
201912 812.258 111.200 841.674
202003 617.052 112.300 633.135
202006 552.551 110.400 576.711
202009 740.798 111.700 764.190
202012 862.986 111.500 891.833
202103 1,032.971 112.662 1,056.494
202106 1,311.116 111.769 1,351.679
202109 1,414.520 112.215 1,452.484
202112 1,595.315 113.108 1,625.208
202203 1,780.125 114.335 1,794.019
202206 2,075.626 114.558 2,087.753
202209 2,306.663 115.339 2,304.431
202212 2,541.482 115.116 2,543.944
202303 2,888.134 115.116 2,890.931
202306 3,398.124 114.558 3,417.977
202309 5,254.900 115.339 5,249.815
202312 5,033.733 114.781 5,053.301
202403 12,978.977 115.227 12,978.977

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.


PetroChina Co  (BUE:PTRCY) 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.


PetroChina Co Cyclically Adjusted PS Ratio Related Terms

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PetroChina Co (BUE:PTRCY) Business Description

Industry
Address
No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.

PetroChina Co (BUE:PTRCY) Headlines