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Asia Power (SGX:A03) Cyclically Adjusted PS Ratio : (As of Jun. 15, 2024)


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What is Asia Power Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Power Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Asia Power'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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Asia Power Cyclically Adjusted PS Ratio Chart

Asia Power Annual Data
Trend Jun03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PS Ratio
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Asia Power Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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Competitive Comparison of Asia Power's Cyclically Adjusted PS Ratio

For the Utilities - Independent Power Producers subindustry, Asia Power'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.


Asia Power's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Asia Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Asia Power 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.

Asia Power's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec12 is calculated as:

For example, Asia Power's adjusted Revenue per Share data for the fiscal year that ended in Dec12 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec12 (Change)*Current CPI (Dec12)
=0.066/96.8711*96.8711
=0.066

Current CPI (Dec12) = 96.8711.

Asia Power Annual Data

Revenue per Share CPI Adj_RevenuePerShare
200306 0.327 77.505 0.409
200412 0.268 80.290 0.323
200512 0.282 83.032 0.329
200612 0.335 85.142 0.381
200712 0.358 88.616 0.391
200812 0.377 88.697 0.412
200912 0.336 91.111 0.357
201012 0.253 92.474 0.265
201112 0.076 95.213 0.077
201212 0.066 96.871 0.066

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.


Asia Power  (SGX:A03) 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.


Asia Power Cyclically Adjusted PS Ratio Related Terms

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Asia Power (SGX:A03) Business Description

Traded in Other Exchanges
N/A
Address
Asia Power Corporation Limited is incorporated in Singapore. The Company is engaged in the business of ownership, management and operation of power plants in China. The Company operates under the following segments: Power plant operations which include owning, managing and operating power plants to generate and sell power, heat and steam; Power-related technology which includes design, manufacture and assembly of computerized automation systems which are used for the regulation of electricity flow and protection of power grids; Investment holding and others which include Holding of long-term investments and provision of power related business consultancy and management services.

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