GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GF Securities Co Ltd (STU:9GF) » Definitions » Cyclically Adjusted PS Ratio

GF Securities Co (STU:9GF) Cyclically Adjusted PS Ratio : 4.13 (As of May. 16, 2024)


View and export this data going back to 2015. Start your Free Trial

What is GF Securities Co Cyclically Adjusted PS Ratio?

As of today (2024-05-16), GF Securities Co's current share price is €0.95. GF Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.23. GF Securities Co's Cyclically Adjusted PS Ratio for today is 4.13.

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

STU:9GF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.84   Med: 6.98   Max: 23.91
Current: 3.98

During the past years, GF Securities Co's highest Cyclically Adjusted PS Ratio was 23.91. The lowest was 3.84. And the median was 6.98.

STU:9GF's Cyclically Adjusted PS Ratio is ranked worse than
58.28% of 580 companies
in the Capital Markets industry
Industry Median: 3.115 vs STU:9GF: 3.98

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.

GF Securities Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.070. 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 €0.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GF Securities Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for GF Securities 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.

GF Securities Co Cyclically Adjusted PS Ratio Chart

GF Securities 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 6.06 6.20 8.24 4.82 4.31

GF Securities 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 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 4.84 4.48 4.43 4.31 4.02

Competitive Comparison of GF Securities Co's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, GF Securities 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.


GF Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GF Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



GF Securities 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.

GF Securities Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.95/0.23
=4.13

* 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.

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

For example, GF Securities 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)
=0.07/114.6694*114.6694
=0.070

Current CPI (Mar. 2024) = 114.6694.

GF Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.040 98.200 0.047
201409 0.073 98.900 0.085
201412 0.119 99.000 0.138
201503 0.143 99.900 0.164
201506 0.282 99.500 0.325
201509 0.121 100.500 0.138
201512 0.132 100.600 0.150
201603 0.086 102.200 0.096
201606 0.092 101.400 0.104
201609 0.086 102.400 0.096
201612 0.097 102.600 0.108
201703 0.086 103.200 0.096
201706 0.090 103.100 0.100
201709 0.080 104.100 0.088
201712 0.104 104.500 0.114
201803 0.063 105.300 0.069
201806 0.065 104.900 0.071
201809 0.058 106.600 0.062
201812 0.062 106.500 0.067
201903 0.116 107.700 0.124
201906 0.084 107.700 0.089
201909 0.088 109.800 0.092
201912 0.087 111.200 0.090
202003 0.090 112.300 0.092
202006 0.141 110.400 0.146
202009 0.113 111.700 0.116
202012 0.117 111.500 0.120
202103 0.136 112.662 0.138
202106 0.156 111.769 0.160
202109 0.149 112.215 0.152
202112 0.125 113.108 0.127
202203 0.088 114.335 0.088
202206 0.143 114.558 0.143
202209 0.084 115.339 0.084
202212 0.125 115.116 0.125
202303 0.106 115.116 0.106
202306 0.104 114.558 0.104
202309 0.068 115.339 0.068
202312 0.075 114.669 0.075
202403 0.070 114.669 0.070

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.


GF Securities Co  (STU:9GF) 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.


GF Securities Co Cyclically Adjusted PS Ratio Related Terms

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


GF Securities Co (STU:9GF) Business Description

Traded in Other Exchanges
Address
26 Machang Road, 59th Floor, GF Securities Tower, Tianhe District, Guangdong, Guangzhou, CHN, 510627
GF Securities Co Ltd is a full-service investment bank with operating branches located across China. The principal activities of the company include commodity futures brokerage, financial futures brokerage, investment consulting and asset management, trading and trading agent, project investment, investment management, and financial advisory. It operates through the following segments: Investment banking, Wealth management, Trading & Institutions, and Investment management.

GF Securities Co (STU:9GF) Headlines

No Headlines