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Tsinghua Tongfang Co (SHSE:600100) Cyclically Adjusted PS Ratio : 0.62 (As of May. 11, 2024)


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What is Tsinghua Tongfang Co Cyclically Adjusted PS Ratio?

As of today (2024-05-11), Tsinghua Tongfang Co's current share price is ¥5.81. Tsinghua Tongfang Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥9.32. Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio for today is 0.62.

The historical rank and industry rank for Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600100' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.9   Max: 2.94
Current: 0.62

During the past years, Tsinghua Tongfang Co's highest Cyclically Adjusted PS Ratio was 2.94. The lowest was 0.41. And the median was 0.90.

SHSE:600100's Cyclically Adjusted PS Ratio is ranked better than
66.6% of 1916 companies
in the Hardware industry
Industry Median: 1.05 vs SHSE:600100: 0.62

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.

Tsinghua Tongfang Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.876. 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 ¥9.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsinghua Tongfang Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tsinghua Tongfang Co'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.

Tsinghua Tongfang Co Cyclically Adjusted PS Ratio Chart

Tsinghua Tongfang Co 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 0.82 0.60 0.60 0.45 0.78

Tsinghua Tongfang Co 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 0.83 0.88 0.76 0.78 0.69

Competitive Comparison of Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Tsinghua Tongfang Co'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.


Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tsinghua Tongfang Co 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.

Tsinghua Tongfang Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.81/9.32
=0.62

* 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.

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

For example, Tsinghua Tongfang Co'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)
=0.876/114.6694*114.6694
=0.876

Current CPI (Mar. 2024) = 114.6694.

Tsinghua Tongfang Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.577 98.200 3.009
201409 2.951 98.900 3.422
201412 4.208 99.000 4.874
201503 1.937 99.900 2.223
201506 1.959 99.500 2.258
201509 2.488 100.500 2.839
201512 3.544 100.600 4.040
201603 1.507 102.200 1.691
201606 2.087 101.400 2.360
201609 2.190 102.400 2.452
201612 3.385 102.600 3.783
201703 1.365 103.200 1.517
201706 2.012 103.100 2.238
201709 2.176 104.100 2.397
201712 3.218 104.500 3.531
201803 1.521 105.300 1.656
201806 2.025 104.900 2.214
201809 2.040 106.600 2.194
201812 2.793 106.500 3.007
201903 1.138 107.700 1.212
201906 1.775 107.700 1.890
201909 1.939 109.800 2.025
201912 2.924 111.200 3.015
202003 0.970 112.300 0.990
202006 1.717 110.400 1.783
202009 2.099 111.700 2.155
202012 2.455 111.500 2.525
202103 1.529 112.662 1.556
202106 2.279 111.769 2.338
202109 2.068 112.215 2.113
202112 3.272 113.108 3.317
202203 1.178 114.335 1.181
202206 1.412 114.558 1.413
202209 1.512 115.339 1.503
202212 2.991 115.116 2.979
202303 1.301 115.116 1.296
202306 1.802 114.558 1.804
202309 2.302 115.339 2.289
202312 3.208 114.669 3.208
202403 0.876 114.669 0.876

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.


Tsinghua Tongfang Co  (SHSE:600100) 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.


Tsinghua Tongfang Co Cyclically Adjusted PS Ratio Related Terms

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Tsinghua Tongfang Co (SHSE:600100) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083
Tsinghua Tongfang Co Ltd is a China-based company primarily engaged in the business of manufacturing personal computers. It develops computers, internet applications, microelectronics, radio frequency technology, multimedia, semiconductors, lighting, digital TVs and environmental technology products. The company also provides intelligence and information services for many buildings, subway lines, and high-speed rail passenger stations. The company is involved in the public safety industry, industrial manufacturing industry, lighting industry, science, and technology park and other businesses.

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