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The Pacific Securities Co (SHSE:601099) Cyclically Adjusted PS Ratio : 12.15 (As of Jun. 20, 2024)


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What is The Pacific Securities Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), The Pacific Securities Co's current share price is ¥3.16. The Pacific Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥0.26. The Pacific Securities Co's Cyclically Adjusted PS Ratio for today is 12.15.

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

SHSE:601099' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.33   Med: 13.96   Max: 28.86
Current: 12.39

During the past years, The Pacific Securities Co's highest Cyclically Adjusted PS Ratio was 28.86. The lowest was 8.33. And the median was 13.96.

SHSE:601099's Cyclically Adjusted PS Ratio is ranked worse than
84.13% of 605 companies
in the Capital Markets industry
Industry Median: 3.1 vs SHSE:601099: 12.39

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.

The Pacific Securities Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.040. 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 ¥0.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Pacific Securities Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for The Pacific Securities 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.

The Pacific Securities Co Cyclically Adjusted PS Ratio Chart

The Pacific Securities 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 15.43 16.79 13.04 10.00 14.14

The Pacific Securities 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 10.06 9.90 14.86 14.14 12.20

Competitive Comparison of The Pacific Securities Co's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, The Pacific Securities 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.


The Pacific Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Pacific Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



The Pacific Securities 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.

The Pacific Securities Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.16/0.26
=12.15

* 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.

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

For example, The Pacific Securities 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)
=0.04/115.2271*115.2271
=0.040

Current CPI (Mar. 2024) = 115.2271.

The Pacific Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.068 98.200 0.080
201409 0.077 98.900 0.090
201412 0.083 99.000 0.097
201503 0.109 99.900 0.126
201506 0.246 99.500 0.285
201509 0.007 100.500 0.008
201512 0.158 100.600 0.181
201603 0.025 102.200 0.028
201606 0.092 101.400 0.105
201609 0.063 102.400 0.071
201612 0.119 102.600 0.134
201703 0.024 103.200 0.027
201706 0.031 103.100 0.035
201709 0.075 104.100 0.083
201712 0.058 104.500 0.064
201803 0.066 105.300 0.072
201806 0.016 104.900 0.018
201809 0.024 106.600 0.026
201812 -0.038 106.500 -0.041
201903 0.104 107.700 0.111
201906 0.053 107.700 0.057
201909 0.047 109.800 0.049
201912 0.053 111.200 0.055
202003 0.047 112.300 0.048
202006 0.024 110.400 0.025
202009 0.046 111.700 0.047
202012 0.059 111.500 0.061
202103 0.029 112.662 0.030
202106 0.059 111.769 0.061
202109 0.091 112.215 0.093
202112 0.057 113.108 0.058
202203 0.027 114.335 0.027
202206 0.067 114.558 0.067
202209 0.039 115.339 0.039
202212 0.032 115.116 0.032
202303 0.068 115.116 0.068
202306 0.042 114.558 0.042
202309 0.042 115.339 0.042
202312 0.051 114.781 0.051
202403 0.040 115.227 0.040

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.


The Pacific Securities Co  (SHSE:601099) 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.


The Pacific Securities Co Cyclically Adjusted PS Ratio Related Terms

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


The Pacific Securities Co (SHSE:601099) Business Description

Traded in Other Exchanges
N/A
Address
926 Beijing Road, 31st Floor, Office Building, Tongde Plaza, Kunming, CHN, 650224
The Pacific Securities Co Ltd is a China-based company. It is engaged in the securities business. The company operates its businesses through securities broking, including agency trading of stocks, funds, warrants, and bonds, investment banking.

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