Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Cyclically Adjusted PS Ratio : 1.84 (As of May. 25, 2024)

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What is Yangzijiang Shipbuilding (Holdings) Cyclically Adjusted PS Ratio?

As of today (2024-05-25), Yangzijiang Shipbuilding (Holdings)'s current share price is S$1.90. Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$1.03. Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio for today is 1.84.

The historical rank and industry rank for Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

SGX:BS6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.88 Max: 1.85
Current: 1.7

During the past 13 years, Yangzijiang Shipbuilding (Holdings)'s highest Cyclically Adjusted PS Ratio was 1.85. The lowest was 0.44. And the median was 0.88.

SGX:BS6's Cyclically Adjusted PS Ratio is ranked worse than
53.27% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.55 vs SGX:BS6: 1.70

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.

Yangzijiang Shipbuilding (Holdings)'s adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$1.139. 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 S$1.03 for the trailing ten years ended in Dec23.

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Yangzijiang Shipbuilding (Holdings) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Yangzijiang Shipbuilding (Holdings)'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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Yangzijiang Shipbuilding (Holdings) Cyclically Adjusted PS Ratio Chart

Yangzijiang Shipbuilding (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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0.62

0.53

0.75

1.34

1.44

Yangzijiang Shipbuilding (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Cyclically Adjusted PS Ratio	Get a 7-Day Free Trial															0.79	0.75	-	1.34	1.44

Competitive Comparison of Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, Yangzijiang Shipbuilding (Holdings)'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.

Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio falls into.

Yangzijiang Shipbuilding (Holdings) 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.

Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	1.90	/	1.03
	=	1.84

Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Yangzijiang Shipbuilding (Holdings)'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)
	=	1.139	/	114.7809	*	114.7809
	=	1.139

Current CPI (Dec23) = 114.7809.

Yangzijiang Shipbuilding (Holdings) Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201412	0.851	99.000	0.987
201512	0.913	100.600	1.042
201612	0.817	102.600	0.914
201712	1.011	104.500	1.110
201812	1.169	106.500	1.260
201912	1.159	111.200	1.196
202012	0.774	111.500	0.797
202112	0.839	113.108	0.851
202212	1.019	115.116	1.016
202312	1.139	114.781	1.139

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.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) 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.

Yangzijiang Shipbuilding (Holdings) Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Yangzijiang Shipbuilding (Holdings)'s Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Yangzijiang Shipbuilding (Holdings) Ltd (SGX:BS6) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

YSHLF:USA B8O:Germany

Address

No. 1 Lianyi Road, Jiangyin-Jingjiang Industry Zone, Jiangsu Province, Jingjiang, CHN, 214532

Website

http://www.yzjship.com

Yangzijiang Shipbuilding (Holdings) Ltd is a large conglomerate, with shipbuilding and offshore engineering as its core focus. Its reportable segments comprise Shipbuilding, Shipping and others. The majority of revenue gets derived from the Shipbuilding segment that of shipbuilding and offshore marine equipment construction. The principal activities of the shipping segment consist of charter hire income earned by vessel owning companies. Geographically, it generates revenue from China.

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