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Western Mining Co (SHSE:601168) Cyclically Adjusted PS Ratio : 1.31 (As of Jun. 08, 2024)


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What is Western Mining Co Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Western Mining Co's current share price is ¥18.38. Western Mining Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥14.05. Western Mining Co's Cyclically Adjusted PS Ratio for today is 1.31.

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

SHSE:601168' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.78   Max: 1.56
Current: 1.32

During the past years, Western Mining Co's highest Cyclically Adjusted PS Ratio was 1.56. The lowest was 0.46. And the median was 0.78.

SHSE:601168's Cyclically Adjusted PS Ratio is ranked worse than
51.8% of 583 companies
in the Metals & Mining industry
Industry Median: 1.28 vs SHSE:601168: 1.32

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.

Western Mining Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥4.616. 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 ¥14.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Mining Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Western Mining 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.

Western Mining Co Cyclically Adjusted PS Ratio Chart

Western Mining 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 0.58 1.06 1.10 0.77 1.04

Western Mining 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 0.93 0.77 0.93 1.04 1.37

Competitive Comparison of Western Mining Co's Cyclically Adjusted PS Ratio

For the Other Industrial Metals & Mining subindustry, Western Mining 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.


Western Mining Co's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Mining Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Western Mining 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.

Western Mining Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.38/14.05
=1.31

* 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.

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

For example, Western Mining 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)
=4.616/115.2271*115.2271
=4.616

Current CPI (Mar. 2024) = 115.2271.

Western Mining Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.925 98.200 2.259
201409 2.434 98.900 2.836
201412 3.438 99.000 4.002
201503 1.629 99.900 1.879
201506 2.914 99.500 3.375
201509 3.302 100.500 3.786
201512 2.756 100.600 3.157
201603 2.595 102.200 2.926
201606 2.424 101.400 2.755
201609 4.217 102.400 4.745
201612 1.094 102.600 1.229
201703 3.177 103.200 3.547
201706 3.226 103.100 3.605
201709 2.410 104.100 2.668
201712 2.837 104.500 3.128
201803 2.781 105.300 3.043
201806 3.217 104.900 3.534
201809 2.284 106.600 2.469
201812 3.314 106.500 3.586
201903 3.253 107.700 3.480
201906 3.130 107.700 3.349
201909 2.935 109.800 3.080
201912 3.395 111.200 3.518
202003 2.484 112.300 2.549
202006 3.409 110.400 3.558
202009 3.177 111.700 3.277
202012 3.074 111.500 3.177
202103 3.536 112.662 3.617
202106 4.450 111.769 4.588
202109 4.239 112.215 4.353
202112 3.923 113.108 3.997
202203 3.742 114.335 3.771
202206 3.496 114.558 3.516
202209 4.282 115.339 4.278
202212 5.313 115.116 5.318
202303 4.936 115.116 4.941
202306 4.555 114.558 4.582
202309 4.007 115.339 4.003
202312 4.438 114.781 4.455
202403 4.616 115.227 4.616

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.


Western Mining Co  (SHSE:601168) 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.


Western Mining Co Cyclically Adjusted PS Ratio Related Terms

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


Western Mining Co (SHSE:601168) Business Description

Traded in Other Exchanges
N/A
Address
No.52, No.54 Avenue, Qinghai Province, Xining, CHN, 810001
Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four major trading sectors: mining, smelting, trade, and finance.

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