Hangzhou Cable Co (SHSE:603618) Cyclically Adjusted PS Ratio : 0.53 (As of Jun. 20, 2024)

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What is Hangzhou Cable Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Hangzhou Cable Co's current share price is ¥4.44. Hangzhou Cable Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥8.43. Hangzhou Cable Co's Cyclically Adjusted PS Ratio for today is 0.53.

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

SHSE:603618' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.73 Max: 0.84
Current: 0.55

During the past years, Hangzhou Cable Co's highest Cyclically Adjusted PS Ratio was 0.84. The lowest was 0.50. And the median was 0.73.

SHSE:603618's Cyclically Adjusted PS Ratio is ranked better than
78.67% of 2199 companies
in the Industrial Products industry
Industry Median: 1.4 vs SHSE:603618: 0.55

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.

Hangzhou Cable Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥2.614. 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 ¥8.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Hangzhou Cable Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hangzhou Cable 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.

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Hangzhou Cable Co Cyclically Adjusted PS Ratio Chart

Hangzhou Cable Co Annual Data

Trend

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Dec23

Cyclically Adjusted PS Ratio

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0.77

Hangzhou Cable 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															0.72	0.80	0.74	0.77	0.61

Competitive Comparison of Hangzhou Cable Co's Cyclically Adjusted PS Ratio

For the Electrical Equipment & Parts subindustry, Hangzhou Cable 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.

Hangzhou Cable Co's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Cable Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Hangzhou Cable 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.

Hangzhou Cable Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	4.44	/	8.43
	=	0.53

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

For example, Hangzhou Cable 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)
	=	2.614	/	115.2271	*	115.2271
	=	2.614

Current CPI (Mar. 2024) = 115.2271.

Hangzhou Cable Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	1.595	98.200	1.872
201409	1.294	98.900	1.508
201412	1.876	99.000	2.183
201503	1.255	99.900	1.448
201506	1.099	99.500	1.273
201509	1.388	100.500	1.591
201512	1.396	100.600	1.599
201603	0.971	102.200	1.095
201606	1.636	101.400	1.859
201609	1.286	102.400	1.447
201612	2.041	102.600	2.292
201703	0.973	103.200	1.086
201706	1.511	103.100	1.689
201709	1.627	104.100	1.801
201712	1.835	104.500	2.023
201803	1.491	105.300	1.632
201806	1.266	104.900	1.391
201809	1.572	106.600	1.699
201812	1.996	106.500	2.160
201903	1.265	107.700	1.353
201906	2.033	107.700	2.175
201909	1.751	109.800	1.838
201912	2.375	111.200	2.461
202003	1.408	112.300	1.445
202006	2.373	110.400	2.477
202009	2.330	111.700	2.404
202012	1.921	111.500	1.985
202103	1.923	112.662	1.967
202106	2.772	111.769	2.858
202109	2.966	112.215	3.046
202112	2.759	113.108	2.811
202203	2.713	114.335	2.734
202206	2.917	114.558	2.934
202209	3.292	115.339	3.289
202212	3.048	115.116	3.051
202303	1.988	115.116	1.990
202306	3.591	114.558	3.612
202309	2.501	115.339	2.499
202312	3.065	114.781	3.077
202403	2.614	115.227	2.614

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.

Hangzhou Cable Co (SHSE:603618) 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.

Hangzhou Cable Co Cyclically Adjusted PS Ratio Related Terms

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

Hangzhou Cable Co (SHSE:603618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Zhang Xu Dong	Supervisors
Yin Zhi Ping	senior management
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co (SHSE:603618) Headlines

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