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Hyflux (SGX:600) Cyclically Adjusted PS Ratio : (As of Jun. 25, 2024)


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What is Hyflux Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyflux Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hyflux'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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Hyflux Cyclically Adjusted PS Ratio Chart

Hyflux Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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Hyflux Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Hyflux's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Water subindustry, Hyflux'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.


Hyflux's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hyflux's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Hyflux 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.

Hyflux's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Hyflux's adjusted Revenue per Share data for the three months ended in Sep. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=0.031/106.5067*106.5067
=0.031

Current CPI (Sep. 2018) = 106.5067.

Hyflux Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200812 0.000 88.697 0.000
200903 0.112 89.744 0.133
200906 0.170 91.003 0.199
200909 0.156 91.120 0.182
200912 0.222 91.111 0.260
201003 0.122 91.821 0.142
201006 0.164 91.962 0.190
201009 0.161 92.162 0.186
201012 0.212 92.474 0.244
201103 0.100 94.283 0.113
201106 0.128 95.235 0.143
201109 0.101 95.727 0.112
201112 0.228 95.213 0.255
201203 0.158 96.783 0.174
201206 0.213 96.819 0.234
201209 0.177 97.633 0.193
201212 0.227 96.871 0.250
201303 0.151 98.209 0.164
201306 0.167 98.518 0.181
201309 0.227 98.790 0.245
201312 0.103 98.326 0.112
201403 0.107 99.695 0.114
201406 0.097 100.560 0.103
201409 0.122 100.428 0.129
201412 0.063 99.070 0.068
201503 0.075 99.621 0.080
201506 0.118 100.684 0.125
201509 0.166 100.392 0.176
201512 0.198 99.792 0.211
201603 0.284 100.470 0.301
201606 0.294 101.688 0.308
201609 0.316 101.861 0.330
201612 0.163 101.863 0.170
201703 0.117 102.862 0.121
201706 0.104 103.349 0.107
201709 0.125 104.136 0.128
201712 0.105 104.011 0.108
201803 0.092 105.290 0.093
201806 -0.037 106.317 -0.037
201809 0.031 106.507 0.031

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.


Hyflux  (SGX:600) 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.


Hyflux Cyclically Adjusted PS Ratio Related Terms

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Hyflux (SGX:600) Business Description

Industry
Traded in Other Exchanges
N/A
Address
80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949
Hyflux Ltd through its subsidiaries is engaged in seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation and ultra-pure water production for municipal and industrial clients as well as home consumer, filtration, and purification products. The company operates through two segments: Municipal and Industrial. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation, and maintenance of a range of water treatment and liquid separation plants. The Industrial segment includes liquid separation applications for the manufacturing sector, such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries.

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