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WH Group (HKSE:00288) Cyclically Adjusted PS Ratio : 0.40 (As of May. 06, 2024)


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What is WH Group Cyclically Adjusted PS Ratio?

As of today (2024-05-06), WH Group's current share price is HK$5.87. WH Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$14.61. WH Group's Cyclically Adjusted PS Ratio for today is 0.40.

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

HKSE:00288' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.34   Max: 0.4
Current: 0.39

During the past 11 years, WH Group's highest Cyclically Adjusted PS Ratio was 0.40. The lowest was 0.30. And the median was 0.34.

HKSE:00288's Cyclically Adjusted PS Ratio is ranked better than
72.12% of 1370 companies
in the Consumer Packaged Goods industry
Industry Median: 0.805 vs HKSE:00288: 0.39

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.

WH Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$15.970. 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$14.61 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


WH Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for WH Group'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.

WH Group Cyclically Adjusted PS Ratio Chart

WH Group 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 - - - 0.33 0.34

WH Group Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 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 - 0.33 - - 0.34

Competitive Comparison of WH Group's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, WH Group'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.


WH Group's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, WH Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



WH Group 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.

WH Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.87/14.61
=0.40

* 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.

WH Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, WH Group'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)
=15.97/117.2957*117.2957
=15.970

Current CPI (Dec23) = 117.2957.

WH Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 13.758 99.707 16.185
201512 11.497 102.015 13.219
201612 11.685 103.225 13.278
201712 11.983 104.984 13.388
201812 11.992 107.622 13.070
201912 12.718 110.700 13.476
202012 13.413 109.711 14.340
202112 15.048 112.349 15.711
202212 17.073 114.548 17.483
202312 15.970 117.296 15.970

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.


WH Group  (HKSE:00288) 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.


WH Group Cyclically Adjusted PS Ratio Related Terms

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


WH Group (HKSE:00288) Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 7602B-7604A, Level 76, International Commerce Centre, Kowloon, Hong Kong, HKG
WH Group, listed on the Hong Kong exchange, is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and U.S. operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Co., or Shuanghui, and wholly owned Smithfield Foods Inc. In the U.S., its key packaged meats brands, in which it has an 8% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 32% market share. We expect the company's operating profit to be split almost equally between the U.S. and China going forward with a small contribution from Europe.

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