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CIIHF (CITIC Securities Co) Cyclically Adjusted PS Ratio : 6.54 (As of Apr. 27, 2025)


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What is CITIC Securities Co Cyclically Adjusted PS Ratio?

As of today (2025-04-27), CITIC Securities Co's current share price is $2.55. CITIC Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $0.39. CITIC Securities Co's Cyclically Adjusted PS Ratio for today is 6.54.

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

CIIHF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.32   Med: 6.1   Max: 14.4
Current: 5.98

During the past years, CITIC Securities Co's highest Cyclically Adjusted PS Ratio was 14.40. The lowest was 4.32. And the median was 6.10.

CIIHF's Cyclically Adjusted PS Ratio is ranked worse than
67.71% of 573 companies
in the Capital Markets industry
Industry Median: 3.28 vs CIIHF: 5.98

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.

CITIC Securities Co's adjusted revenue per share data for the three months ended in Dec. 2024 was $0.159. 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 $0.39 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CITIC Securities Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CITIC Securities 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.

CITIC Securities Co Cyclically Adjusted PS Ratio Chart

CITIC Securities Co 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 9.27 7.44 5.34 5.04 6.92

CITIC Securities Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.04 4.69 4.42 6.47 6.92

Competitive Comparison of CITIC Securities Co's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, CITIC Securities 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.


CITIC Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CITIC Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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CITIC Securities 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.

CITIC Securities Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.55/0.39
=6.54

* 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.

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

For example, CITIC Securities Co's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.159/118.9447*118.9447
=0.159

Current CPI (Dec. 2024) = 118.9447.

CITIC Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.136 99.927 0.162
201506 0.284 99.267 0.340
201509 0.132 99.927 0.157
201512 0.158 102.015 0.184
201603 0.094 102.785 0.109
201606 0.119 101.686 0.139
201609 0.105 102.565 0.122
201612 0.121 103.225 0.139
201703 0.097 103.335 0.112
201706 0.115 103.664 0.132
201709 0.112 103.994 0.128
201712 0.172 104.984 0.195
201803 0.117 105.973 0.131
201806 0.122 106.193 0.137
201809 0.079 106.852 0.088
201812 0.109 107.622 0.120
201903 0.120 108.172 0.132
201906 0.125 109.601 0.136
201909 0.119 110.260 0.128
201912 0.111 110.700 0.119
202003 0.136 110.920 0.146
202006 0.144 110.590 0.155
202009 0.162 107.512 0.179
202012 0.134 109.711 0.145
202103 0.195 111.579 0.208
202106 0.250 111.360 0.267
202109 0.237 109.051 0.259
202112 0.184 112.349 0.195
202203 0.164 113.558 0.172
202206 0.200 113.448 0.210
202209 0.134 113.778 0.140
202212 0.140 114.548 0.145
202303 0.147 115.427 0.151
202306 0.147 115.647 0.151
202309 0.126 116.087 0.129
202312 0.131 117.296 0.133
202403 0.123 117.735 0.124
202406 0.148 117.296 0.150
202409 0.145 118.615 0.145
202412 0.159 118.945 0.159

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.


CITIC Securities Co  (OTCPK:CIIHF) 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.


CITIC Securities Co Cyclically Adjusted PS Ratio Related Terms

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


CITIC Securities Co Business Description

Address
No. 1 Tim Mei Avenue, 26th Floor, CITIC Tower, Central, Hong Kong, HKG
CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, Margin financing and securities lending, Stock option market-making and other services. The company has five reportable segments namely Investment banking, Brokerage, Trading, Assets management and Other. It derives maximum revenue from Trading segment.

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