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Hop Fung Group Holdings (HKSE:02320) Cyclically Adjusted PS Ratio : 0.06 (As of May. 22, 2024)


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What is Hop Fung Group Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Hop Fung Group Holdings's current share price is HK$0.089. Hop Fung Group Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$1.37. Hop Fung Group Holdings's Cyclically Adjusted PS Ratio for today is 0.06.

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

HKSE:02320' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.17   Max: 0.68
Current: 0.07

During the past 13 years, Hop Fung Group Holdings's highest Cyclically Adjusted PS Ratio was 0.68. The lowest was 0.05. And the median was 0.17.

HKSE:02320's Cyclically Adjusted PS Ratio is ranked better than
96.51% of 315 companies
in the Packaging & Containers industry
Industry Median: 0.74 vs HKSE:02320: 0.07

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.

Hop Fung Group Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$0.274. 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$1.37 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hop Fung Group Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hop Fung Group 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.

Hop Fung Group Holdings Cyclically Adjusted PS Ratio Chart

Hop Fung Group 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 0.19 0.12 0.16 0.07 0.06

Hop Fung Group 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 0.16 - 0.07 - 0.06

Competitive Comparison of Hop Fung Group Holdings's Cyclically Adjusted PS Ratio

For the Packaging & Containers subindustry, Hop Fung Group 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.


Hop Fung Group Holdings's Cyclically Adjusted PS Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hop Fung Group Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hop Fung Group 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.

Hop Fung Group Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.089/1.37
=0.06

* 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.

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

For example, Hop Fung Group 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)
=0.274/117.2957*117.2957
=0.274

Current CPI (Dec23) = 117.2957.

Hop Fung Group Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.491 99.707 1.754
201512 1.328 102.015 1.527
201612 1.485 103.225 1.687
201712 1.912 104.984 2.136
201812 1.780 107.622 1.940
201912 1.473 110.700 1.561
202012 1.272 109.711 1.360
202112 0.924 112.349 0.965
202212 0.519 114.548 0.531
202312 0.274 117.296 0.274

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.


Hop Fung Group Holdings  (HKSE:02320) 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.


Hop Fung Group Holdings Cyclically Adjusted PS Ratio Related Terms

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


Hop Fung Group Holdings (HKSE:02320) Business Description

Traded in Other Exchanges
N/A
Address
No. 57 Sha Tsui Road and Nos. 30-38 Tai Chung Road, Workshops E, F and H, 22nd Floor, Superluck Industrial Centre (Phase 2), Tsuen Wan, New Territories, Hong Kong, HKG
Hop Fung Group Holdings Ltd is principally engaged in the business of manufacturing and sale of corrugated paperware products. The company operates through two segments namely Containerboard and Corrugated packaging. Its Containerboard segment offers corrugating medium and liner board. The Corrugated packaging segment is involved in the production and marketing of corrugated paper boards and carton boxes. It generates key revenue from the Corrugated packaging segment. Geographically, it derives a majority of its revenue from the PRC.

Hop Fung Group Holdings (HKSE:02320) Headlines

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