Huffaz Seamless Pipe Industries (KAR:HSPI) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Huffaz Seamless Pipe Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Huffaz Seamless Pipe Industries  (KAR:HSPI) 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.


Huffaz Seamless Pipe Industries Cyclically Adjusted PS Ratio Related Terms


Huffaz Seamless Pipe Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Huffaz Seamless Pipe Industries'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.

Huffaz Seamless Pipe Industries Cyclically Adjusted PS Ratio Chart

Huffaz Seamless Pipe Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.61 0.65 0.47 0.59

Huffaz Seamless Pipe Industries Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Jun20
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 0.70 0.63 0.49 0.54 0.61

KAR:HSPI vs CTAM, SGBX: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Huffaz Seamless Pipe Industries'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.


Huffaz Seamless Pipe Industries Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Huffaz Seamless Pipe Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Huffaz Seamless Pipe Industries's Cyclically Adjusted PS Ratio falls into.



Huffaz Seamless Pipe Industries 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.

Huffaz Seamless Pipe Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2020 is calculated as:

For example, Huffaz Seamless Pipe Industries's adjusted Revenue per Share data for the three months ended in Jun. 2020 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=0/257.7970*257.7970
=0.000

Current CPI (Jun. 2020) = 257.7970.

Huffaz Seamless Pipe Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201003 5.190 217.631 6.148
201006 6.584 217.965 7.787
201009 5.788 218.439 6.831
201012 5.628 219.179 6.620
201103 5.523 223.467 6.371
201106 9.287 225.722 10.607
201109 7.620 226.889 8.658
201112 11.794 225.672 13.473
201203 8.815 229.392 9.907
201206 8.757 229.478 9.838
201209 7.786 231.407 8.674
201212 10.306 229.601 11.572
201303 11.379 232.773 12.602
201306 9.859 233.504 10.885
201309 6.114 234.149 6.731
201312 4.097 233.049 4.532
201403 5.509 236.293 6.010
201406 11.641 238.343 12.591
201409 7.302 238.031 7.908
201412 10.348 234.812 11.361
201503 6.843 236.119 7.471
201506 11.084 238.638 11.974
201509 5.199 237.945 5.633
201512 3.113 236.525 3.393
201603 4.281 238.132 4.635
201606 5.473 241.018 5.854
201609 4.439 241.428 4.740
201612 4.092 241.432 4.369
201703 4.112 243.801 4.348
201706 4.418 244.955 4.650
201709 4.124 246.819 4.307
201712 3.685 246.524 3.854
201803 3.411 249.554 3.524
201806 4.186 251.989 4.282
201809 2.466 252.439 2.518
201812 3.451 251.233 3.541
201903 1.991 254.202 2.019
201906 1.123 256.143 1.130
201909 2.245 256.759 2.254
202006 0.000 257.797 0.000

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.


Huffaz Seamless Pipe Industries Business Description

Address 207-210, Second Floor, Mashriq Centre, Block 14, Gulshan-e-Iqbal, Karachi, PAK
Huffaz Seamless Pipe Industries Ltd manufactures and sells seamless steel pipes and tubes mainly in Pakistan. The company operates through Seamless and Coating segments. The Seamless segment offers boiler tubes, heat exchanger tubes; high/ low-temperature services pipes/tubes, mechanical tubes, line pipes, structural pipes/tubes, casing, and tubing products. The coating segment which contributes the majority of revenue offers three-layered outer and inner epoxy coatings, and tape roll coatings, as well as line pipes with three-layer polyethylene/polypropylene and fusion, bonded epoxy-coated pipes/tubes for couplings and casings.