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Liu Chong Hing Investment (HKSE:00194) Cyclically Adjusted PS Ratio : 1.40 (As of Jun. 01, 2024)


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What is Liu Chong Hing Investment Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Liu Chong Hing Investment's current share price is HK$4.50. Liu Chong Hing Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$3.22. Liu Chong Hing Investment's Cyclically Adjusted PS Ratio for today is 1.40.

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

HKSE:00194' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.4   Med: 4   Max: 8.9
Current: 1.4

During the past 13 years, Liu Chong Hing Investment's highest Cyclically Adjusted PS Ratio was 8.90. The lowest was 1.40. And the median was 4.00.

HKSE:00194's Cyclically Adjusted PS Ratio is ranked better than
55.29% of 1371 companies
in the Real Estate industry
Industry Median: 1.72 vs HKSE:00194: 1.40

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.

Liu Chong Hing Investment's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$1.934. 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$3.22 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liu Chong Hing Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Liu Chong Hing Investment'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.

Liu Chong Hing Investment Cyclically Adjusted PS Ratio Chart

Liu Chong Hing Investment 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 2.92 1.90 2.62 2.35 1.68

Liu Chong Hing Investment 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 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 2.62 - 2.35 - 1.68

Competitive Comparison of Liu Chong Hing Investment's Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, Liu Chong Hing Investment'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.


Liu Chong Hing Investment's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Liu Chong Hing Investment's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Liu Chong Hing Investment's Cyclically Adjusted PS Ratio falls into.



Liu Chong Hing Investment 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.

Liu Chong Hing Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.50/3.22
=1.40

* 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.

Liu Chong Hing Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Liu Chong Hing Investment'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)
=1.934/117.2957*117.2957
=1.934

Current CPI (Dec23) = 117.2957.

Liu Chong Hing Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.495 99.707 1.759
201512 3.151 102.015 3.623
201612 2.724 103.225 3.095
201712 5.852 104.984 6.538
201812 4.850 107.622 5.286
201912 3.372 110.700 3.573
202012 2.038 109.711 2.179
202112 2.206 112.349 2.303
202212 1.889 114.548 1.934
202312 1.934 117.296 1.934

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.


Liu Chong Hing Investment  (HKSE:00194) 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.


Liu Chong Hing Investment Cyclically Adjusted PS Ratio Related Terms

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Liu Chong Hing Investment (HKSE:00194) Business Description

Traded in Other Exchanges
N/A
Address
24 Des Voeux Road Central, 23rd Floor, Chong Hing Bank Centre, Hong Kong, HKG
Liu Chong Hing Investment Ltd is an investment holding company engaged in property investment and property development. It has six operating segments the Property Investment segment is engaged in the investment and leasing of properties; the Property Development segment is engaged in the development and sales of properties; the Property Management segment is engaged in the provision of property management services; Treasury Investment is engaged in dealing and investing in securities and other financial instruments; Trading and Manufacturing segment is engaged in the manufacture and wholesale of magnetic products; Hotel Operation segment is engaged in the operation and management of hotels, and it derives the maximum revenue from the Property investment segment.
Executives
Alba Holdings Limited 2101 Beneficial owner
Liu Lit Chi 2201 Interest of corporation controlled by you

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