GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Cyclically Adjusted PS Ratio

Shandong Molong Petroleum Machinery Co (HKSE:00568) Cyclically Adjusted PS Ratio : 1.31 (As of May. 06, 2025)


View and export this data going back to 2007. Start your Free Trial

What is Shandong Molong Petroleum Machinery Co Cyclically Adjusted PS Ratio?

As of today (2025-05-06), Shandong Molong Petroleum Machinery Co's current share price is HK$5.64. Shandong Molong Petroleum Machinery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was HK$4.32. Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio for today is 1.31.

The historical rank and industry rank for Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:00568' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.34   Max: 1.68
Current: 0.4

During the past years, Shandong Molong Petroleum Machinery Co's highest Cyclically Adjusted PS Ratio was 1.68. The lowest was 0.11. And the median was 0.34.

HKSE:00568's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 708 companies
in the Oil & Gas industry
Industry Median: 0.81 vs HKSE:00568: 0.40

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.

Shandong Molong Petroleum Machinery Co's adjusted revenue per share data for the three months ended in Dec. 2024 was HK$0.429. 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$4.32 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Molong Petroleum Machinery Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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.

* Premium members only.

Shandong Molong Petroleum Machinery Co Cyclically Adjusted PS Ratio Chart

Shandong Molong Petroleum Machinery Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 1.08 0.58 0.52 0.28

Shandong Molong Petroleum Machinery Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.52 - 0.21 0.24 0.28

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.


Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio falls into.


;
;

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.64/4.32
=1.31

* 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.

Shandong Molong Petroleum Machinery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Shandong Molong Petroleum Machinery Co's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.429/114.8925*114.8925
=0.429

Current CPI (Dec. 2024) = 114.8925.

Shandong Molong Petroleum Machinery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.848 99.900 0.975
201506 0.752 99.500 0.868
201509 0.560 100.500 0.640
201512 0.393 100.600 0.449
201603 0.574 102.200 0.645
201606 0.572 101.400 0.648
201609 0.486 102.400 0.545
201612 0.609 102.600 0.682
201703 0.669 103.200 0.745
201706 1.073 103.100 1.196
201709 1.234 104.100 1.362
201712 1.672 104.500 1.838
201803 1.314 105.300 1.434
201806 1.755 104.900 1.922
201809 1.861 106.600 2.006
201812 1.643 106.500 1.772
201903 1.634 107.700 1.743
201906 1.800 107.700 1.920
201909 1.414 109.800 1.480
201912 1.468 111.200 1.517
202003 0.729 112.300 0.746
202006 1.125 110.400 1.171
202009 1.248 111.700 1.284
202012 1.133 111.500 1.167
202103 0.813 112.662 0.829
202106 2.049 111.769 2.106
202109 1.582 112.215 1.620
202112 1.199 113.108 1.218
202203 0.867 114.335 0.871
202206 1.484 114.558 1.488
202209 0.911 115.339 0.907
202212 0.748 115.116 0.747
202303 0.583 115.116 0.582
202306 0.535 114.558 0.537
202309 0.274 115.339 0.273
202312 0.431 114.781 0.431
202403 0.000 115.227 0.000
202406 0.816 114.781 0.817
202409 0.553 115.785 0.549
202412 0.429 114.893 0.429

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.


Shandong Molong Petroleum Machinery Co  (HKSE:00568) 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.


Shandong Molong Petroleum Machinery Co Cyclically Adjusted PS Ratio Related Terms

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


Shandong Molong Petroleum Machinery Co Business Description

Traded in Other Exchanges
Address
No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700
Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.
Executives
Shan Dong Zhi Meng Kong Gu You Xian Gong Si 2401 A concert party to an agreement to buy shares
Shou Guang Shi Pan Jin Zhi Ye You Xian Gong Si 2401 A concert party to an agreement to buy shares

Shandong Molong Petroleum Machinery Co Headlines

No Headlines