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China Telecom (SGX:K3ED) Cyclically Adjusted PS Ratio : (As of Jun. 06, 2024)


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What is China Telecom Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Telecom Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Telecom'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.

China Telecom Cyclically Adjusted PS Ratio Chart

China Telecom 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 0.60 0.40 0.46 0.52 0.64

China Telecom 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 0.71 0.64 0.67 0.64 0.71

Competitive Comparison of China Telecom's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, China Telecom'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.


China Telecom's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Telecom 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.

China Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Telecom'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)
=20.409/115.2271*115.2271
=20.409

Current CPI (Mar. 2024) = 115.2271.

China Telecom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 16.418 98.200 19.265
201409 15.628 98.900 18.208
201412 16.130 99.000 18.774
201503 16.132 99.900 18.607
201506 16.627 99.500 19.255
201509 15.788 100.500 18.102
201512 16.324 100.600 18.697
201603 16.422 102.200 18.515
201606 16.952 101.400 19.264
201609 16.114 102.400 18.133
201612 15.841 102.600 17.791
201703 16.398 103.200 18.309
201706 16.850 103.100 18.832
201709 17.051 104.100 18.874
201712 17.103 104.500 18.859
201803 18.896 105.300 20.677
201806 18.427 104.900 20.241
201809 16.572 106.600 17.913
201812 16.541 106.500 17.896
201903 17.698 107.700 18.935
201906 16.902 107.700 18.083
201909 16.039 109.800 16.832
201912 16.368 111.200 16.961
202003 16.683 112.300 17.118
202006 17.275 110.400 18.030
202009 17.927 111.700 18.493
202012 19.074 111.500 19.712
202103 20.176 112.662 20.635
202106 21.716 111.769 22.388
202109 15.124 112.215 15.530
202112 18.927 113.108 19.282
202203 20.424 114.335 20.583
202206 20.298 114.558 20.417
202209 17.985 115.339 17.968
202212 19.375 115.116 19.394
202303 20.577 115.116 20.597
202306 19.977 114.558 20.094
202309 18.035 115.339 18.018
202312 20.271 114.781 20.350
202403 20.409 115.227 20.409

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.


China Telecom  (SGX:K3ED) 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.


China Telecom Cyclically Adjusted PS Ratio Related Terms

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


China Telecom (SGX:K3ED) Business Description

Traded in Other Exchanges
Address
31 Jinrong Street, Xicheng District, Beijing, CHN, 100033
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.

China Telecom (SGX:K3ED) Headlines

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