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Greentown China Holdings (HKSE:03900) Cyclically Adjusted PS Ratio : 0.19 (As of Sep. 21, 2024)


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What is Greentown China Holdings Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Greentown China Holdings's current share price is HK$6.43. Greentown China Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$34.27. Greentown China Holdings's Cyclically Adjusted PS Ratio for today is 0.19.

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

HKSE:03900' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.48   Max: 1.02
Current: 0.17

During the past 13 years, Greentown China Holdings's highest Cyclically Adjusted PS Ratio was 1.02. The lowest was 0.15. And the median was 0.48.

HKSE:03900's Cyclically Adjusted PS Ratio is ranked better than
91.38% of 1357 companies
in the Real Estate industry
Industry Median: 1.76 vs HKSE:03900: 0.17

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.

Greentown China Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$56.739. 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$34.27 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greentown China Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Greentown China 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.

Greentown China Holdings Cyclically Adjusted PS Ratio Chart

Greentown China 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 0.45 0.48 0.47 0.37 0.23

Greentown China 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 0.47 - 0.37 - 0.23

Competitive Comparison of Greentown China Holdings's Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, Greentown China 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.


Greentown China Holdings's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greentown China Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Greentown China 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.

Greentown China Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.43/34.27
=0.19

* 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.

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

For example, Greentown China 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)
=56.739/114.7809*114.7809
=56.739

Current CPI (Dec23) = 114.7809.

Greentown China Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 18.527 99.000 21.480
201512 14.442 100.600 16.478
201612 14.993 102.600 16.773
201712 22.919 104.500 25.174
201812 31.497 106.500 33.946
201912 31.580 111.200 32.597
202012 32.902 111.500 33.870
202112 49.067 113.108 49.793
202212 55.991 115.116 55.828
202312 56.739 114.781 56.739

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.


Greentown China Holdings  (HKSE:03900) 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.


Greentown China Holdings Cyclically Adjusted PS Ratio Related Terms

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


Greentown China Holdings Business Description

Traded in Other Exchanges
Address
No. 1 Hangda Road, 10th Floor, Block A, Dragon Century Plaza, Zhejiang, Hangzhou, CHN, 310007
Greentown China Holdings Ltd, or Greentown, is a China property developer headquartered in Hangzhou. Founded by Song Weiping, the company listed on the Hong Kong Stock Exchange in 2006. Predominantly a property developer is known for high-end residential projects with landbank geographically focused in Zhejiang and the Bohai Rim, Greentown is also noted for being one of the first developers to embark on the asset-light construction management model to generate development fee income from third-party construction and project management services. In June 2012, Wharf entered as a strategic shareholder of the company.
Executives
China Communications Construction Group Limited 2201 Interest of corporation controlled by you
Xiang Gang Xin Hu Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhe Jiang Xin Hu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Hu Zhong Bao Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Li Ping 2202 Interest of your spouse
Huang Wei 2201 Interest of corporation controlled by you
Song Weiping
Cccg Holding (hk) Limited 2101 Beneficial owner
Wheelock And Company Limited 2201 Interest of corporation controlled by you
The Wharf (holdings) Limited 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Ever Step Holdings Limited 2201 Interest of corporation controlled by you
First Pioneer Holdings Limited 2201 Interest of corporation controlled by you
King Focus International Limited 2201 Interest of corporation controlled by you
Ping An Securities Group (holdings) Limited 2201 Interest of corporation controlled by you

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