Sunny Optical Technology (Group) Co (LTS:0Z4I) Cyclically Adjusted PS Ratio : 1.76 (As of Dec. 12, 2024)

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What is Sunny Optical Technology (Group) Co Cyclically Adjusted PS Ratio?

As of today (2024-12-12), Sunny Optical Technology (Group) Co's current share price is HK$50.55. Sunny Optical Technology (Group) Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$28.65. Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio for today is 1.76.

The historical rank and industry rank for Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0Z4I' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.24 Med: 7.97 Max: 23.17
Current: 2.34

During the past 13 years, Sunny Optical Technology (Group) Co's highest Cyclically Adjusted PS Ratio was 23.17. The lowest was 1.24. And the median was 7.97.

LTS:0Z4I's Cyclically Adjusted PS Ratio is ranked worse than
67.2% of 1616 companies
in the Hardware industry
Industry Median: 1.31 vs LTS:0Z4I: 2.34

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.

Sunny Optical Technology (Group) Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$31.716. 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$28.65 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Sunny Optical Technology (Group) Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sunny Optical Technology (Group) Co'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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Sunny Optical Technology (Group) Co Cyclically Adjusted PS Ratio Chart

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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8.79

8.78

10.57

3.50

2.46

Sunny Optical Technology (Group) Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															-	3.50	-	2.46	-

Competitive Comparison of Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio

For the Electronic Components subindustry, Sunny Optical Technology (Group) Co'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.

Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio falls into.

Sunny Optical Technology (Group) Co 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.

Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	50.55	/	28.65
	=	1.76

Sunny Optical Technology (Group) Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Sunny Optical Technology (Group) Co'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)
	=	31.716	/	114.7809	*	114.7809
	=	31.716

Current CPI (Dec23) = 114.7809.

Sunny Optical Technology (Group) Co Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	9.779	99.000	11.338
201512	11.864	100.600	13.536
201612	15.043	102.600	16.829
201712	24.261	104.500	26.648
201812	26.874	106.500	28.964
201912	38.429	111.200	39.667
202012	41.161	111.500	42.372
202112	41.968	113.108	42.589
202212	33.895	115.116	33.796
202312	31.716	114.781	31.716

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.

Sunny Optical Technology (Group) Co (LTS:0Z4I) 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.

Sunny Optical Technology (Group) Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Sunny Optical Technology (Group) Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunny Optical Technology (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (LTS:0Z4I) » Definitions » Cyclically Adjusted PS Ratio

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Traded in Other Exchanges

SOTGY:USA SNPTF:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is one of China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of extended-reality devices and vehicle camera demand, as advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 29,524 people as of December 2023.

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