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Foshan Haitian Flavouring and Food Co (SHSE:603288) Cyclically Adjusted PS Ratio : 12.79 (As of Dec. 15, 2024)


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What is Foshan Haitian Flavouring and Food Co Cyclically Adjusted PS Ratio?

As of today (2024-12-15), Foshan Haitian Flavouring and Food Co's current share price is ¥47.18. Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ¥3.69. Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio for today is 12.79.

The historical rank and industry rank for Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:603288' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.39   Med: 16.46   Max: 33.05
Current: 12.54

During the past years, Foshan Haitian Flavouring and Food Co's highest Cyclically Adjusted PS Ratio was 33.05. The lowest was 9.39. And the median was 16.46.

SHSE:603288's Cyclically Adjusted PS Ratio is ranked worse than
97.23% of 1226 companies
in the Consumer Packaged Goods industry
Industry Median: 0.9 vs SHSE:603288: 12.54

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.

Foshan Haitian Flavouring and Food Co's adjusted revenue per share data for the three months ended in Sep. 2024 was ¥1.143. 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 ¥3.69 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foshan Haitian Flavouring and Food Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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.

Foshan Haitian Flavouring and Food Co Cyclically Adjusted PS Ratio Chart

Foshan Haitian Flavouring and Food 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 - - 27.36 20.76 11.03

Foshan Haitian Flavouring and Food Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 11.18 11.03 11.15 9.60 13.06

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food 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.


Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio falls into.



Foshan Haitian Flavouring and Food 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.

Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47.18/3.69
=12.79

* 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.

Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Foshan Haitian Flavouring and Food Co's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.143/115.7848*115.7848
=1.143

Current CPI (Sep. 2024) = 115.7848.

Foshan Haitian Flavouring and Food Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.458 99.000 0.536
201503 0.562 99.900 0.651
201506 0.429 99.500 0.499
201509 0.445 100.500 0.513
201512 0.568 100.600 0.654
201603 0.607 102.200 0.688
201606 0.485 101.400 0.554
201609 0.507 102.400 0.573
201612 0.602 102.600 0.679
201703 0.707 103.200 0.793
201706 0.619 103.100 0.695
201709 0.592 104.100 0.658
201712 0.667 104.500 0.739
201803 0.840 105.300 0.924
201806 0.702 104.900 0.775
201809 0.713 106.600 0.774
201812 0.772 106.500 0.839
201903 0.978 107.700 1.051
201906 0.825 107.700 0.887
201909 0.814 109.800 0.858
201912 0.884 111.200 0.920
202003 1.047 112.300 1.079
202006 1.032 110.400 1.082
202009 0.980 111.700 1.016
202012 1.013 111.500 1.052
202103 1.277 112.662 1.312
202106 0.929 111.769 0.962
202109 1.041 112.215 1.074
202112 1.247 113.108 1.277
202203 1.281 114.335 1.297
202206 1.150 114.558 1.162
202209 1.004 115.339 1.008
202212 1.150 115.116 1.157
202303 1.261 115.116 1.268
202306 1.083 114.558 1.095
202309 1.017 115.339 1.021
202312 1.049 114.781 1.058
202403 1.403 115.227 1.410
202406 1.142 114.781 1.152
202409 1.143 115.785 1.143

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.


Foshan Haitian Flavouring and Food Co  (SHSE:603288) 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.


Foshan Haitian Flavouring and Food Co Cyclically Adjusted PS Ratio Related Terms

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


Foshan Haitian Flavouring and Food Co Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food was founded in 1955 through the consolidation of 25 condiment producers in Foshan, Guangdong province of China. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with number-one market share in soy sauces and oyster sauces in China.
Executives
Guan Jiang Hua Director
Liao Zhang Hui Director
Tong Xing Supervisors
Cheng Xue Director
Pang Kang Director
Huang Shu Liang Supervisors
Huang Wen Biao senior management
Chen Jun Yang Director
Zhang Xin senior management
Chen Min Supervisors
Wen Zhi Zhou Director
He Ting Wei Director
Wu Zhen Xing senior management
Zhang Yong Le senior management
Ye Yan Qiao Director

Foshan Haitian Flavouring and Food Co Headlines

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