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Tung Ho Steel Enterprise (LUX:TNGHS) Cyclically Adjusted PS Ratio : 0.96 (As of Jun. 16, 2024)


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What is Tung Ho Steel Enterprise Cyclically Adjusted PS Ratio?

As of today (2024-06-16), Tung Ho Steel Enterprise's current share price is $21.20. Tung Ho Steel Enterprise's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $22.07. Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio for today is 0.96.

The historical rank and industry rank for Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio or its related term are showing as below:

LUX:TNGHS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.87   Max: 1.57
Current: 0.96

During the past years, Tung Ho Steel Enterprise's highest Cyclically Adjusted PS Ratio was 1.57. The lowest was 0.55. And the median was 0.87.

LUX:TNGHS's Cyclically Adjusted PS Ratio is ranked worse than
73.52% of 525 companies
in the Steel industry
Industry Median: 0.47 vs LUX:TNGHS: 0.96

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.

Tung Ho Steel Enterprise's adjusted revenue per share data for the three months ended in Mar. 2024 was $6.400. 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 $22.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tung Ho Steel Enterprise Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise Cyclically Adjusted PS Ratio Chart

Tung Ho Steel Enterprise 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 0.63 0.98 1.12 0.81 1.02

Tung Ho Steel Enterprise Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.84 0.88 0.88 1.02 0.97

Competitive Comparison of Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio

For the Steel subindustry, Tung Ho Steel Enterprise'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.


Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio falls into.



Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.20/22.07
=0.96

* 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.

Tung Ho Steel Enterprise's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tung Ho Steel Enterprise's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.4/131.7762*131.7762
=6.400

Current CPI (Mar. 2024) = 131.7762.

Tung Ho Steel Enterprise Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.298 100.560 5.632
201409 3.956 100.428 5.191
201412 4.112 99.070 5.470
201503 3.661 99.621 4.843
201506 3.849 100.684 5.038
201509 3.019 100.392 3.963
201512 3.174 99.792 4.191
201603 2.513 100.470 3.296
201606 3.036 101.688 3.934
201609 2.496 101.861 3.229
201612 2.767 101.863 3.580
201703 3.603 102.862 4.616
201706 3.482 103.349 4.440
201709 3.947 104.136 4.995
201712 4.558 104.011 5.775
201803 4.475 105.290 5.601
201806 4.916 106.317 6.093
201809 5.092 106.507 6.300
201812 4.421 105.998 5.496
201903 5.126 107.251 6.298
201906 5.180 108.070 6.316
201909 4.686 108.329 5.700
201912 5.043 108.420 6.129
202003 4.375 108.902 5.294
202006 4.682 108.767 5.672
202009 4.886 109.815 5.863
202012 6.161 109.897 7.388
202103 6.205 111.754 7.317
202106 7.363 114.631 8.464
202109 7.154 115.734 8.146
202112 8.187 117.630 9.172
202203 7.293 121.301 7.923
202206 7.474 125.017 7.878
202209 6.263 125.227 6.591
202212 6.191 125.222 6.515
202303 5.998 127.348 6.207
202306 7.030 128.729 7.196
202309 6.560 129.860 6.657
202312 7.205 129.419 7.336
202403 6.400 131.776 6.400

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.


Tung Ho Steel Enterprise  (LUX:TNGHS) 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.


Tung Ho Steel Enterprise Cyclically Adjusted PS Ratio Related Terms

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


Tung Ho Steel Enterprise (LUX:TNGHS) Business Description

Traded in Other Exchanges
Address
Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (LUX:TNGHS) Headlines

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