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Hangzhou First Applied Material Co (SHSE:603806) Cyclically Adjusted PS Ratio : 2.81 (As of Jun. 01, 2025)


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What is Hangzhou First Applied Material Co Cyclically Adjusted PS Ratio?

As of today (2025-06-01), Hangzhou First Applied Material Co's current share price is ¥12.12. Hangzhou First Applied Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ¥4.32. Hangzhou First Applied Material Co's Cyclically Adjusted PS Ratio for today is 2.81.

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

SHSE:603806' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.78   Med: 5.22   Max: 13.73
Current: 2.87

During the past years, Hangzhou First Applied Material Co's highest Cyclically Adjusted PS Ratio was 13.73. The lowest was 2.78. And the median was 5.22.

SHSE:603806's Cyclically Adjusted PS Ratio is ranked worse than
62.34% of 685 companies
in the Semiconductors industry
Industry Median: 1.88 vs SHSE:603806: 2.87

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 First Applied Material Co's adjusted revenue per share data for the three months ended in Mar. 2025 was ¥1.328. 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 ¥4.32 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hangzhou First Applied Material Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hangzhou First Applied Material 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.

Hangzhou First Applied Material Co Cyclically Adjusted PS Ratio Chart

Hangzhou First Applied Material Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 11.34 4.78 3.51

Hangzhou First Applied Material Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.32 3.71 4.28 3.51 3.26

Competitive Comparison of Hangzhou First Applied Material Co's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Hangzhou First Applied Material 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 First Applied Material Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Hangzhou First Applied Material Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Hangzhou First Applied Material 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 First Applied Material Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.12/4.32
=2.81

* 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.

Hangzhou First Applied Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Hangzhou First Applied Material Co's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.328/115.1156*115.1156
=1.328

Current CPI (Mar. 2025) = 115.1156.

Hangzhou First Applied Material Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.324 99.500 0.375
201509 0.383 100.500 0.439
201512 0.372 100.600 0.426
201603 0.372 102.200 0.419
201606 0.431 101.400 0.489
201609 0.420 102.400 0.472
201612 0.417 102.600 0.468
201703 0.416 103.200 0.464
201706 0.523 103.100 0.584
201709 0.475 104.100 0.525
201712 0.492 104.500 0.542
201803 0.440 105.300 0.481
201806 0.469 104.900 0.515
201809 0.499 106.600 0.539
201812 0.595 106.500 0.643
201903 0.670 107.700 0.716
201906 0.562 107.700 0.601
201909 0.680 109.800 0.713
201912 0.723 111.200 0.748
202003 0.621 112.300 0.637
202006 0.782 110.400 0.815
202009 0.812 111.700 0.837
202012 1.180 111.500 1.218
202103 1.119 112.662 1.143
202106 1.140 111.769 1.174
202109 1.251 112.215 1.283
202112 1.498 113.108 1.525
202203 1.461 114.335 1.471
202206 2.025 114.558 2.035
202209 1.702 115.339 1.699
202212 2.094 115.116 2.094
202303 1.926 115.116 1.926
202306 2.029 114.558 2.039
202309 2.320 115.339 2.316
202312 2.268 114.781 2.275
202403 2.020 115.227 2.018
202406 2.037 114.781 2.043
202409 1.631 115.785 1.622
202412 1.529 114.893 1.532
202503 1.328 115.116 1.328

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 First Applied Material Co  (SHSE:603806) 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 First Applied Material Co Cyclically Adjusted PS Ratio Related Terms

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


Hangzhou First Applied Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Foster Street, Jinbei Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311300
Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products.
Executives
Lin Jian Hua Director
Wang Bang Jin senior management

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