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AECC Aviation Power Co (SHSE:600893) Cyclically Adjusted PS Ratio : 2.61 (As of May. 03, 2024)


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What is AECC Aviation Power Co Cyclically Adjusted PS Ratio?

As of today (2024-05-03), AECC Aviation Power Co's current share price is ¥35.36. AECC Aviation Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥13.57. AECC Aviation Power Co's Cyclically Adjusted PS Ratio for today is 2.61.

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

SHSE:600893' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.74   Med: 3.31   Max: 9.34
Current: 2.61

During the past years, AECC Aviation Power Co's highest Cyclically Adjusted PS Ratio was 9.34. The lowest was 1.74. And the median was 3.31.

SHSE:600893's Cyclically Adjusted PS Ratio is ranked worse than
69.16% of 214 companies
in the Aerospace & Defense industry
Industry Median: 1.475 vs SHSE:600893: 2.61

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.

AECC Aviation Power Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥2.430. 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 ¥13.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AECC Aviation Power Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for AECC Aviation Power 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.

AECC Aviation Power Co Cyclically Adjusted PS Ratio Chart

AECC Aviation Power 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 1.89 4.94 5.00 3.11 2.75

AECC Aviation Power 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 3.15 3.09 2.70 2.75 2.50

Competitive Comparison of AECC Aviation Power Co's Cyclically Adjusted PS Ratio

For the Aerospace & Defense subindustry, AECC Aviation Power 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.


AECC Aviation Power Co's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aviation Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AECC Aviation Power 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.

AECC Aviation Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.36/13.57
=2.61

* 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.

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

For example, AECC Aviation Power 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)
=2.43/114.6694*114.6694
=2.430

Current CPI (Mar. 2024) = 114.6694.

AECC Aviation Power Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.798 98.200 4.435
201409 2.734 98.900 3.170
201412 5.111 99.000 5.920
201503 1.932 99.900 2.218
201506 2.808 99.500 3.236
201509 2.302 100.500 2.627
201512 5.182 100.600 5.907
201603 1.266 102.200 1.420
201606 2.191 101.400 2.478
201609 2.599 102.400 2.910
201612 5.528 102.600 6.178
201703 1.511 103.200 1.679
201706 2.354 103.100 2.618
201709 4.002 104.100 4.408
201712 3.969 104.500 4.355
201803 1.231 105.300 1.341
201806 2.466 104.900 2.696
201809 2.476 106.600 2.663
201812 3.980 106.500 4.285
201903 1.453 107.700 1.547
201906 2.370 107.700 2.523
201909 1.757 109.800 1.835
201912 5.939 111.200 6.124
202003 1.601 112.300 1.635
202006 2.409 110.400 2.502
202009 2.788 111.700 2.862
202012 5.128 111.500 5.274
202103 1.087 112.662 1.106
202106 2.337 111.769 2.398
202109 3.091 112.215 3.159
202112 6.413 113.108 6.502
202203 1.630 114.335 1.635
202206 4.447 114.558 4.451
202209 2.879 115.339 2.862
202212 5.896 115.116 5.873
202303 2.098 115.116 2.090
202306 4.765 114.558 4.770
202309 3.336 115.339 3.317
202312 6.229 114.669 6.229
202403 2.430 114.669 2.430

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.


AECC Aviation Power Co  (SHSE:600893) 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.


AECC Aviation Power Co Cyclically Adjusted PS Ratio Related Terms

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


AECC Aviation Power Co (SHSE:600893) Business Description

Traded in Other Exchanges
N/A
Address
Fengcheng Road, Weiyang District, Shaanxi Province, Xi'an, CHN, 710021
AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.

AECC Aviation Power Co (SHSE:600893) Headlines

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