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China Railway Group (HKSE:00390) Cyclically Adjusted PS Ratio : 0.21 (As of Jun. 09, 2024)


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What is China Railway Group Cyclically Adjusted PS Ratio?

As of today (2024-06-09), China Railway Group's current share price is HK$4.43. China Railway Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$21.18. China Railway Group's Cyclically Adjusted PS Ratio for today is 0.21.

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

HKSE:00390' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.2   Max: 0.39
Current: 0.17

During the past years, China Railway Group's highest Cyclically Adjusted PS Ratio was 0.39. The lowest was 0.15. And the median was 0.20.

HKSE:00390's Cyclically Adjusted PS Ratio is ranked better than
86.07% of 1285 companies
in the Construction industry
Industry Median: 0.64 vs HKSE:00390: 0.17

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 Railway Group's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$11.148. 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$21.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Railway Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Railway 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.

China Railway Group Cyclically Adjusted PS Ratio Chart

China Railway 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 0.19 0.17 0.17 0.16 0.15

China Railway Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.19 0.21 0.18 0.15 0.18

Competitive Comparison of China Railway Group's Cyclically Adjusted PS Ratio

For the Engineering & Construction subindustry, China Railway 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.


China Railway Group's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Railway Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Railway 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.43/21.18
=0.21

* 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 Railway Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Railway Group's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.148/117.7354*117.7354
=11.148

Current CPI (Mar. 2024) = 117.7354.

China Railway Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.874 96.409 10.837
201409 9.059 97.948 10.889
201412 10.545 99.707 12.452
201503 7.580 99.927 8.931
201506 7.739 99.267 9.179
201509 7.960 99.927 9.379
201512 9.975 102.015 11.512
201603 6.722 102.785 7.700
201606 6.584 101.686 7.623
201609 8.711 102.565 9.999
201612 9.225 103.225 10.522
201703 6.195 103.335 7.058
201706 7.519 103.664 8.540
201709 8.728 103.994 9.881
201712 11.481 104.984 12.876
201803 7.548 105.973 8.386
201806 8.451 106.193 9.370
201809 9.880 106.852 10.886
201812 10.617 107.622 11.615
201903 7.314 108.172 7.961
201906 8.449 109.601 9.076
201909 9.971 110.260 10.647
201912 12.964 110.700 13.788
202003 6.395 110.920 6.788
202006 10.176 110.590 10.833
202009 12.519 107.512 13.709
202012 13.437 109.711 14.420
202103 10.374 111.579 10.946
202106 10.365 111.360 10.958
202109 12.121 109.051 13.086
202112 17.025 112.349 17.841
202203 12.761 113.558 13.230
202206 11.840 113.448 12.287
202209 13.280 113.778 13.742
202212 13.497 114.548 13.873
202303 12.021 115.427 12.261
202306 12.493 115.647 12.719
202309 12.497 116.087 12.675
202312 16.739 117.296 16.802
202403 11.148 117.735 11.148

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 Railway Group  (HKSE:00390) 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 Railway Group Cyclically Adjusted PS Ratio Related Terms

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


China Railway Group (HKSE:00390) Business Description

Traded in Other Exchanges
Address
49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you

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