Grand Ocean Advanced Resources Co (HKSE:00065) Cyclically Adjusted PS Ratio : 0.53 (As of Jun. 14, 2024)

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What is Grand Ocean Advanced Resources Co Cyclically Adjusted PS Ratio?

As of today (2024-06-14), Grand Ocean Advanced Resources Co's current share price is HK$0.17. Grand Ocean Advanced Resources Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$0.32. Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio for today is 0.53.

The historical rank and industry rank for Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:00065' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.34 Max: 1.81
Current: 0.55

During the past 13 years, Grand Ocean Advanced Resources Co's highest Cyclically Adjusted PS Ratio was 1.81. The lowest was 0.16. And the median was 0.34.

HKSE:00065's Cyclically Adjusted PS Ratio is ranked better than
76.15% of 109 companies
in the Other Energy Sources industry
Industry Median: 1.12 vs HKSE:00065: 0.55

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.

Grand Ocean Advanced Resources Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$0.116. 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 HK$0.32 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Grand Ocean Advanced Resources Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Grand Ocean Advanced Resources 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.

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Grand Ocean Advanced Resources Co Cyclically Adjusted PS Ratio Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.25

1.00

0.25

1.13

0.56

Grand Ocean Advanced Resources Co 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															0.25	-	1.13	-	0.56

Competitive Comparison of Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio

For the Thermal Coal subindustry, Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio falls into.

Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	0.17	/	0.32
	=	0.53

Grand Ocean Advanced Resources Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Grand Ocean Advanced Resources Co'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)
	=	0.116	/	117.2957	*	117.2957
	=	0.116

Current CPI (Dec23) = 117.2957.

Grand Ocean Advanced Resources Co Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	1.242	99.707	1.461
201512	0.497	102.015	0.571
201612	0.294	103.225	0.334
201712	0.097	104.984	0.108
201812	0.129	107.622	0.141
201912	0.119	110.700	0.126
202012	0.088	109.711	0.094
202112	0.122	112.349	0.127
202212	0.127	114.548	0.130
202312	0.116	117.296	0.116

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.

Grand Ocean Advanced Resources Co (HKSE:00065) 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.

Grand Ocean Advanced Resources Co Cyclically Adjusted PS Ratio Related Terms

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

Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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