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Wuxi AppTec Co (SHSE:603259) Cyclically Adjusted PS Ratio : 7.15 (As of May. 02, 2024)


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What is Wuxi AppTec Co Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Wuxi AppTec Co's current share price is ¥43.67. Wuxi AppTec Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ¥6.11. Wuxi AppTec Co's Cyclically Adjusted PS Ratio for today is 7.15.

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

SHSE:603259' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.91   Med: 8.4   Max: 12.26
Current: 7.15

During the past 10 years, Wuxi AppTec Co's highest Cyclically Adjusted PS Ratio was 12.26. The lowest was 6.91. And the median was 8.40.

SHSE:603259's Cyclically Adjusted PS Ratio is ranked worse than
81.48% of 135 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.3 vs SHSE:603259: 7.15

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.

Wuxi AppTec Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ¥13.605. 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 ¥6.11 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wuxi AppTec Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Wuxi AppTec 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.

Wuxi AppTec Co Cyclically Adjusted PS Ratio Chart

Wuxi AppTec 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 - - - - 11.91

Wuxi AppTec Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - 11.91

Competitive Comparison of Wuxi AppTec Co's Cyclically Adjusted PS Ratio

For the Diagnostics & Research subindustry, Wuxi AppTec 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.


Wuxi AppTec Co's Cyclically Adjusted PS Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Wuxi AppTec Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Wuxi AppTec 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.

Wuxi AppTec Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.67/6.11
=7.15

* 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.

Wuxi AppTec Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Wuxi AppTec Co's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=13.605/114.6694*114.6694
=13.605

Current CPI (Dec23) = 114.6694.

Wuxi AppTec Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.945 99.000 2.253
201512 2.320 100.600 2.644
201612 2.880 102.600 3.219
201712 3.498 104.500 3.838
201812 4.000 106.500 4.307
201912 4.627 111.200 4.771
202012 5.865 111.500 6.032
202112 7.773 113.108 7.880
202212 12.592 115.116 12.543
202312 13.605 114.669 13.605

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.


Wuxi AppTec Co  (SHSE:603259) 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.


Wuxi AppTec Co Cyclically Adjusted PS Ratio Related Terms

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Wuxi AppTec Co (SHSE:603259) Business Description

Traded in Other Exchanges
Address
288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131
Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services through the discovery, development, and manufacturing spectrum for small-molecule drugs, cell therapies, and gene therapies as well as providing testing services for medical devices. Its segments comprise China-based laboratory services; U.S.-based laboratory services; Clinical research and other CRO services; CDMO services; and Others. The majority of revenue gets derived from China-based laboratory services that include small molecules discovery, such as synthetic chemistry, medicinal chemistry, analytical chemistry, biology, drug metabolism and pharmacokinetics (DMPK)/absorption, distribution, metabolism, and excretion (ADME), toxicology and bioanalytical services.

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