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Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Cyclically Adjusted PS Ratio : 0.69 (As of May. 21, 2024)


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What is Zhejiang Feida Environmental Science & Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Zhejiang Feida Environmental Science & Technology Co's current share price is ¥4.55. Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥6.56. Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio for today is 0.69.

The historical rank and industry rank for Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600526' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.88   Max: 4.59
Current: 0.71

During the past years, Zhejiang Feida Environmental Science & Technology Co's highest Cyclically Adjusted PS Ratio was 4.59. The lowest was 0.51. And the median was 0.88.

SHSE:600526's Cyclically Adjusted PS Ratio is ranked better than
72.35% of 2195 companies
in the Industrial Products industry
Industry Median: 1.43 vs SHSE:600526: 0.71

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.

Zhejiang Feida Environmental Science & Technology Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.632. 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 ¥6.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Feida Environmental Science & Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zhejiang Feida Environmental Science & Technology 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.

Zhejiang Feida Environmental Science & Technology Co Cyclically Adjusted PS Ratio Chart

Zhejiang Feida Environmental Science & Technology 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 0.69 0.63 0.85 0.75 0.74

Zhejiang Feida Environmental Science & Technology 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 0.74 0.71 0.74 0.74 0.71

Competitive Comparison of Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Zhejiang Feida Environmental Science & Technology 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.


Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio falls into.



Zhejiang Feida Environmental Science & Technology 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.

Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.55/6.56
=0.69

* 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.

Zhejiang Feida Environmental Science & Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Feida Environmental Science & Technology 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)
=0.632/115.2271*115.2271
=0.632

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Feida Environmental Science & Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.596 98.200 1.873
201409 1.912 98.900 2.228
201412 1.938 99.000 2.256
201503 1.492 99.900 1.721
201506 1.807 99.500 2.093
201509 1.396 100.500 1.601
201512 2.027 100.600 2.322
201603 1.421 102.200 1.602
201606 1.262 101.400 1.434
201609 1.729 102.400 1.946
201612 1.963 102.600 2.205
201703 1.400 103.200 1.563
201706 2.187 103.100 2.444
201709 1.861 104.100 2.060
201712 1.580 104.500 1.742
201803 1.224 105.300 1.339
201806 1.828 104.900 2.008
201809 2.448 106.600 2.646
201812 0.620 106.500 0.671
201903 1.485 107.700 1.589
201906 0.951 107.700 1.017
201909 1.211 109.800 1.271
201912 2.531 111.200 2.623
202003 1.337 112.300 1.372
202006 0.692 110.400 0.722
202009 0.983 111.700 1.014
202012 2.127 111.500 2.198
202103 0.884 112.662 0.904
202106 1.166 111.769 1.202
202109 1.125 112.215 1.155
202112 3.536 113.108 3.602
202203 1.245 114.335 1.255
202206 1.078 114.558 1.084
202209 1.101 115.339 1.100
202212 2.191 115.116 2.193
202303 0.818 115.116 0.819
202306 1.020 114.558 1.026
202309 0.977 115.339 0.976
202312 2.083 114.781 2.091
202403 0.632 115.227 0.632

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.


Zhejiang Feida Environmental Science & Technology Co  (SHSE:600526) 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.


Zhejiang Feida Environmental Science & Technology Co Cyclically Adjusted PS Ratio Related Terms

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Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Business Description

Traded in Other Exchanges
N/A
Address
No. 88 Wangyun Road, Zhuji City, Zhejiang, CHN, 311800
Zhejiang Feida Environmental Science & Technology Co Ltd is engaged in the business of designing and manufacturing equipment for air quality control. Its business includes Flue gas treatment; Water treatment; Solid Waste treatment; Soil ecological restoration; Cyclic economy industrial park; and Equipment manufacture.

Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Headlines

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