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China Oilfield Services (FRA:CO9) Cyclically Adjusted PS Ratio : 2.50 (As of Dec. 12, 2024)


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What is China Oilfield Services Cyclically Adjusted PS Ratio?

As of today (2024-12-12), China Oilfield Services's current share price is €0.80. China Oilfield Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €0.32. China Oilfield Services's Cyclically Adjusted PS Ratio for today is 2.50.

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

FRA:CO9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.62   Med: 2.47   Max: 4.81
Current: 2.39

During the past years, China Oilfield Services's highest Cyclically Adjusted PS Ratio was 4.81. The lowest was 1.62. And the median was 2.47.

FRA:CO9's Cyclically Adjusted PS Ratio is ranked worse than
76.55% of 695 companies
in the Oil & Gas industry
Industry Median: 0.91 vs FRA:CO9: 2.39

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.

China Oilfield Services's adjusted revenue per share data for the three months ended in Sep. 2024 was €0.300. 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 €0.32 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Oilfield Services Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Oilfield Services'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.

China Oilfield Services Cyclically Adjusted PS Ratio Chart

China Oilfield Services 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 3.49 2.28 2.59 2.75 2.36

China Oilfield Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.65 2.36 3.04 2.75 2.54

Competitive Comparison of China Oilfield Services's Cyclically Adjusted PS Ratio

For the Oil & Gas Equipment & Services subindustry, China Oilfield Services'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.


China Oilfield Services's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

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

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



China Oilfield Services 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.80/0.32
=2.50

* 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.

China Oilfield Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, China Oilfield Services's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.3/115.7848*115.7848
=0.300

Current CPI (Sep. 2024) = 115.7848.

China Oilfield Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.245 99.000 0.287
201503 0.192 99.900 0.223
201506 0.190 99.500 0.221
201509 0.156 100.500 0.180
201512 0.172 100.600 0.198
201603 0.096 102.200 0.109
201606 0.105 101.400 0.120
201609 0.104 102.400 0.118
201612 0.124 102.600 0.140
201703 0.089 103.200 0.100
201706 0.106 103.100 0.119
201709 0.112 104.100 0.125
201712 0.123 104.500 0.136
201803 0.092 105.300 0.101
201806 0.135 104.900 0.149
201809 0.142 106.600 0.154
201812 0.198 106.500 0.215
201903 0.164 107.700 0.176
201906 0.198 107.700 0.213
201909 0.208 109.800 0.219
201912 0.271 111.200 0.282
202003 0.221 112.300 0.228
202006 0.167 110.400 0.175
202009 0.177 111.700 0.183
202012 0.200 111.500 0.208
202103 0.160 112.662 0.164
202106 0.189 111.769 0.196
202109 0.185 112.215 0.191
202112 0.283 113.108 0.290
202203 0.204 114.335 0.207
202206 0.245 114.558 0.248
202209 0.270 115.339 0.271
202212 0.332 115.116 0.334
202303 0.240 115.116 0.241
202306 0.280 114.558 0.283
202309 0.294 115.339 0.295
202312 0.384 114.781 0.387
202403 0.272 115.227 0.273
202406 0.325 114.781 0.328
202409 0.300 115.785 0.300

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.


China Oilfield Services  (FRA:CO9) 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.


China Oilfield Services Cyclically Adjusted PS Ratio Related Terms

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


China Oilfield Services Business Description

Address
201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201
China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments namely the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.

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