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Bank of Communications Co (SHSE:601328) Cyclically Adjusted PS Ratio : (As of Apr. 30, 2024)


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What is Bank of Communications Co Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Communications Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bank of Communications 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.

Bank of Communications Co Cyclically Adjusted PS Ratio Chart

Bank of Communications 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 2.15 1.66 1.63 1.62 1.93

Bank of Communications 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 1.73 1.97 1.93 1.93 -

Competitive Comparison of Bank of Communications Co's Cyclically Adjusted PS Ratio

For the Banks - Diversified subindustry, Bank of Communications 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.


Bank of Communications Co's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Communications Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank of Communications Co's Cyclically Adjusted PS Ratio falls into.



Bank of Communications 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.

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

For example, Bank of Communications 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)
=0.902/114.6694*114.6694
=0.902

Current CPI (Mar. 2024) = 114.6694.

Bank of Communications Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.611 98.200 0.713
201409 0.574 98.900 0.666
201412 0.583 99.000 0.675
201503 0.641 99.900 0.736
201506 0.614 99.500 0.708
201509 0.667 100.500 0.761
201512 0.646 100.600 0.736
201603 0.654 102.200 0.734
201606 0.602 101.400 0.681
201609 0.582 102.400 0.652
201612 0.593 102.600 0.663
201703 0.628 103.200 0.698
201706 0.545 103.100 0.606
201709 0.603 104.100 0.664
201712 0.604 104.500 0.663
201803 0.617 105.300 0.672
201806 0.605 104.900 0.661
201809 0.758 106.600 0.815
201812 0.709 106.500 0.763
201903 0.730 107.700 0.777
201906 0.656 107.700 0.698
201909 0.751 109.800 0.784
201912 0.720 111.200 0.742
202003 0.667 112.300 0.681
202006 0.800 110.400 0.831
202009 0.668 111.700 0.686
202012 0.797 111.500 0.820
202103 0.834 112.662 0.849
202106 0.745 111.769 0.764
202109 0.741 112.215 0.757
202112 1.070 113.108 1.085
202203 0.844 114.335 0.846
202206 0.790 114.558 0.791
202209 0.754 115.339 0.750
202212 0.784 115.116 0.781
202303 0.895 115.116 0.892
202306 0.803 114.558 0.804
202309 0.717 115.339 0.713
202312 0.775 114.669 0.775
202403 0.902 114.669 0.902

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.


Bank of Communications Co  (SHSE:601328) 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.


Bank of Communications Co Cyclically Adjusted PS Ratio Related Terms

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Bank of Communications Co (SHSE:601328) Business Description

Traded in Other Exchanges
Address
No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

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