Hong Kong Economic Times Holdings (HKSE:00423) Cyclically Adjusted PS Ratio : 0.29 (As of Sep. 21, 2024)

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What is Hong Kong Economic Times Holdings Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Hong Kong Economic Times Holdings's current share price is HK$0.81. Hong Kong Economic Times Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 was HK$2.77. Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio for today is 0.29.

The historical rank and industry rank for Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:00423' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.46 Max: 0.92
Current: 0.29

During the past 13 years, Hong Kong Economic Times Holdings's highest Cyclically Adjusted PS Ratio was 0.92. The lowest was 0.06. And the median was 0.46.

HKSE:00423's Cyclically Adjusted PS Ratio is ranked better than
79.1% of 670 companies
in the Media - Diversified industry
Industry Median: 0.91 vs HKSE:00423: 0.29

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.

Hong Kong Economic Times Holdings's adjusted revenue per share data of for the fiscal year that ended in Mar24 was HK$2.141. 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$2.77 for the trailing ten years ended in Mar24.

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Hong Kong Economic Times Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hong Kong Economic Times Holdings'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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Hong Kong Economic Times Holdings Cyclically Adjusted PS Ratio Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted PS Ratio

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0.38

0.37

0.41

0.32

Hong Kong Economic Times Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															0.41	-	0.41	-	0.32

Competitive Comparison of Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio

For the Publishing subindustry, Hong Kong Economic Times Holdings'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.

Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio falls into.

Hong Kong Economic Times Holdings 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.

Hong Kong Economic Times Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	0.81	/	2.77
	=	0.29

Hong Kong Economic Times Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Hong Kong Economic Times Holdings's adjusted Revenue per Share data for the fiscal year that ended in Mar24 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Mar24 (Change)	*	Current CPI (Mar24)
	=	2.141	/	117.7354	*	117.7354
	=	2.141

Current CPI (Mar24) = 117.7354.

Hong Kong Economic Times Holdings Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201503	2.599	99.927	3.062
201603	2.725	102.785	3.121
201703	2.609	103.335	2.973
201803	2.757	105.973	3.063
201903	2.967	108.172	3.229
202003	2.622	110.920	2.783
202103	2.317	111.579	2.445
202203	2.418	113.558	2.507
202303	2.370	115.427	2.417
202403	2.141	117.735	2.141

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.

Hong Kong Economic Times Holdings (HKSE:00423) 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.

Hong Kong Economic Times Holdings Cyclically Adjusted PS Ratio Related Terms

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

Hong Kong Economic Times Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

HKGEF:USA

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings Headlines

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