China Anchu Energy Storage Group (HKSE:02399) Cyclically Adjusted PS Ratio : 0.53 (As of May. 26, 2024)

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What is China Anchu Energy Storage Group Cyclically Adjusted PS Ratio?

As of today (2024-05-26), China Anchu Energy Storage Group's current share price is HK$0.32. China Anchu Energy Storage Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$0.60. China Anchu Energy Storage Group's Cyclically Adjusted PS Ratio for today is 0.53.

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

HKSE:02399' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.72 Max: 1.63
Current: 0.54

During the past 11 years, China Anchu Energy Storage Group's highest Cyclically Adjusted PS Ratio was 1.63. The lowest was 0.30. And the median was 0.72.

HKSE:02399's Cyclically Adjusted PS Ratio is ranked better than
56.99% of 858 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.65 vs HKSE:02399: 0.54

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 Anchu Energy Storage Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$0.315. 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$0.60 for the trailing ten years ended in Dec23.

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China Anchu Energy Storage Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Anchu Energy Storage 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.

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China Anchu Energy Storage Group Cyclically Adjusted PS Ratio Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.74

1.48

China Anchu Energy Storage Group 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															-	-	0.74	-	1.48

Competitive Comparison of China Anchu Energy Storage Group's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, China Anchu Energy Storage 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 Anchu Energy Storage Group's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Anchu Energy Storage Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

China Anchu Energy Storage 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 Anchu Energy Storage Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	0.32	/	0.6
	=	0.53

China Anchu Energy Storage Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Anchu Energy Storage Group'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)
	=	0.315	/	114.7809	*	114.7809
	=	0.315

Current CPI (Dec23) = 114.7809.

China Anchu Energy Storage Group Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	1.262	99.000	1.463
201512	1.173	100.600	1.338
201612	0.692	102.600	0.774
201712	0.695	104.500	0.763
201812	0.343	106.500	0.370
201912	0.208	111.200	0.215
202012	0.166	111.500	0.171
202112	0.237	113.108	0.241
202212	0.315	115.116	0.314
202312	0.315	114.781	0.315

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 Anchu Energy Storage Group (HKSE:02399) 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 Anchu Energy Storage Group Cyclically Adjusted PS Ratio Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

Executives

Wang Xiu Hua	2101 Beneficial owner
Everkept Limited	2101 Beneficial owner
Kwok Kin Sun	2201 Interest of corporation controlled by you
Wong Tung Yam	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Cheng Cong	2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited	2101 Beneficial owner
Kwok Hon Fung	2201 Interest of corporation controlled by you
Asia Glory International Development Limited	2101 Beneficial owner
Chen Huiru	2201 Interest of corporation controlled by you
True Faith Ventures Limited	2101 Beneficial owner
Lu Ke	2101 Beneficial owner

China Anchu Energy Storage Group (HKSE:02399) Headlines

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