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Western Superconducting Technologies Co (SHSE:688122) Cyclically Adjusted PS Ratio : 9.67 (As of May. 02, 2024)


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What is Western Superconducting Technologies Co Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Western Superconducting Technologies Co's current share price is ¥39.65. Western Superconducting Technologies Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ¥4.10. Western Superconducting Technologies Co's Cyclically Adjusted PS Ratio for today is 9.67.

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

SHSE:688122' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.33   Med: 17.65   Max: 23.62
Current: 9.66

During the past years, Western Superconducting Technologies Co's highest Cyclically Adjusted PS Ratio was 23.62. The lowest was 8.33. And the median was 17.65.

SHSE:688122's Cyclically Adjusted PS Ratio is ranked worse than
96.32% of 2174 companies
in the Industrial Products industry
Industry Median: 1.43 vs SHSE:688122: 9.66

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.

Western Superconducting Technologies Co's adjusted revenue per share data for the three months ended in Dec. 2023 was ¥1.630. 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 ¥4.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Superconducting Technologies Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Western Superconducting Technologies 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.

Western Superconducting Technologies Co Cyclically Adjusted PS Ratio Chart

Western Superconducting Technologies 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 - - 23.22 18.09 12.97

Western Superconducting Technologies 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 18.09 15.26 14.17 11.33 12.97

Competitive Comparison of Western Superconducting Technologies Co's Cyclically Adjusted PS Ratio

For the Metal Fabrication subindustry, Western Superconducting Technologies 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.


Western Superconducting Technologies Co's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Western Superconducting Technologies Co's Cyclically Adjusted PS Ratio falls into.



Western Superconducting Technologies 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.

Western Superconducting Technologies Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.65/4.1
=9.67

* 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.

Western Superconducting Technologies Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Western Superconducting Technologies Co's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.63/114.6694*114.6694
=1.630

Current CPI (Dec. 2023) = 114.6694.

Western Superconducting Technologies Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201012 0.000 89.289 0.000
201109 0.000 92.711 0.000
201112 0.000 92.885 0.000
201203 0.000 94.367 0.000
201206 0.000 93.495 0.000
201209 0.000 94.482 0.000
201212 0.459 95.237 0.553
201312 0.000 97.624 0.000
201406 0.000 98.200 0.000
201412 0.000 99.000 0.000
201506 0.000 99.500 0.000
201512 0.000 100.600 0.000
201612 0.000 102.600 0.000
201703 0.459 103.200 0.510
201709 0.395 104.100 0.435
201712 0.443 104.500 0.486
201803 0.424 105.300 0.462
201806 0.527 104.900 0.576
201809 0.429 106.600 0.461
201812 0.621 106.500 0.669
201903 0.618 107.700 0.658
201906 0.585 107.700 0.623
201909 0.515 109.800 0.538
201912 0.789 111.200 0.814
202003 0.584 112.300 0.596
202006 0.941 110.400 0.977
202009 0.927 111.700 0.952
202012 0.944 111.500 0.971
202103 0.860 112.662 0.875
202106 1.174 111.769 1.204
202109 1.355 112.215 1.385
202112 1.351 113.108 1.370
202203 1.356 114.335 1.360
202206 2.578 114.558 2.581
202209 1.819 115.339 1.808
202212 1.483 115.116 1.477
202303 1.423 115.116 1.417
202306 1.826 114.558 1.828
202309 1.519 115.339 1.510
202312 1.630 114.669 1.630

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.


Western Superconducting Technologies Co  (SHSE:688122) 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.


Western Superconducting Technologies Co Cyclically Adjusted PS Ratio Related Terms

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Western Superconducting Technologies Co (SHSE:688122) Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Mingguang Road, Economic and Technological Development Zone, Shaanxi Province, Xi'an, CHN, 710018
Western Superconducting Technologies Co Ltd is engaged in the development, production and sales of high-end titanium alloy materials, superconducting products and high-performance superalloy materials. Geographically, the business presence of the group can be seen in both Chinese and international market.

Western Superconducting Technologies Co (SHSE:688122) Headlines

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