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Royale Home Holdings (HKSE:01198) Cyclically Adjusted PS Ratio : 1.04 (As of May. 27, 2024)


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What is Royale Home Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Royale Home Holdings's current share price is HK$0.55. Royale Home Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$0.53. Royale Home Holdings's Cyclically Adjusted PS Ratio for today is 1.04.

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

HKSE:01198' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.73   Max: 4.66
Current: 0.98

During the past 13 years, Royale Home Holdings's highest Cyclically Adjusted PS Ratio was 4.66. The lowest was 0.14. And the median was 0.73.

HKSE:01198's Cyclically Adjusted PS Ratio is ranked worse than
55.24% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.84 vs HKSE:01198: 0.98

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.

Royale Home Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$0.365. 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$0.53 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Royale Home Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Royale Home 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.

* Premium members only.

Royale Home Holdings Cyclically Adjusted PS Ratio Chart

Royale Home Holdings 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 1.22 1.75 4.49 3.44 2.88

Royale Home Holdings 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 4.49 - 3.44 - 2.88

Competitive Comparison of Royale Home Holdings's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, Royale Home 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.


Royale Home Holdings's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Royale Home Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Royale Home Holdings's Cyclically Adjusted PS Ratio falls into.



Royale Home 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.

Royale Home Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.55/0.53
=1.04

* 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.

Royale Home Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Royale Home Holdings'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)
=0.365/117.2957*117.2957
=0.365

Current CPI (Dec23) = 117.2957.

Royale Home Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.659 99.707 0.775
201512 0.413 102.015 0.475
201612 0.414 103.225 0.470
201712 0.456 104.984 0.509
201812 0.408 107.622 0.445
201912 0.370 110.700 0.392
202012 0.555 109.711 0.593
202112 0.596 112.349 0.622
202212 0.656 114.548 0.672
202312 0.365 117.296 0.365

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.


Royale Home Holdings  (HKSE:01198) 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.


Royale Home Holdings Cyclically Adjusted PS Ratio Related Terms

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


Royale Home Holdings (HKSE:01198) Business Description

Traded in Other Exchanges
N/A
Address
66 Mody Road, Room 607, 6th Floor, Tsim Sha Tsui Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG
Royale Home Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the manufacture and sale of home furniture in China. The segments of the company are, 1) The furniture products segment, engaging in the manufacture and sale of home furniture. 2) The development properties for sale and property investments segment, engaging in the property investments and development. 3) The hotel operations segment, engaging in hotel operations. 4) The trading segment, engaging in the trading of aluminium ingots and bars. Geographically, it derives revenue from Mainland China.
Executives
Tse Kam Pang 2201 Interest of corporation controlled by you
Ke Xue Cheng Guang Zhou Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Ke Xue Cheng Xiang Gang Tou Zi You Xian Gong Si 2101 Beneficial owner
Great Diamond Developments Ltd 2101 Beneficial owner

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