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Tsingtao Brewery Co (STU:TSI) Cyclically Adjusted PS Ratio : 4.12 (As of May. 23, 2024)


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What is Tsingtao Brewery Co Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Tsingtao Brewery Co's current share price is €7.125. Tsingtao Brewery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.73. Tsingtao Brewery Co's Cyclically Adjusted PS Ratio for today is 4.12.

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

STU:TSI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.56   Max: 5.3
Current: 3.75

During the past years, Tsingtao Brewery Co's highest Cyclically Adjusted PS Ratio was 5.30. The lowest was 1.46. And the median was 2.56.

STU:TSI's Cyclically Adjusted PS Ratio is ranked worse than
73.81% of 168 companies
in the Beverages - Alcoholic industry
Industry Median: 1.82 vs STU:TSI: 3.75

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.

Tsingtao Brewery Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.951. 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 €1.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsingtao Brewery Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Cyclically Adjusted PS Ratio Chart

Tsingtao Brewery 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 2.35 4.54 4.43 4.72 3.29

Tsingtao Brewery 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 5.24 4.52 3.81 3.29 3.64

Competitive Comparison of Tsingtao Brewery Co's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tsingtao Brewery 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.

Tsingtao Brewery Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.125/1.73
=4.12

* 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.

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

For example, Tsingtao Brewery 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)
=0.951/115.2271*115.2271
=0.951

Current CPI (Mar. 2024) = 115.2271.

Tsingtao Brewery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.835 98.200 0.980
201409 0.821 98.900 0.957
201412 0.321 99.000 0.374
201503 0.788 99.900 0.909
201506 0.943 99.500 1.092
201509 0.855 100.500 0.980
201512 0.350 100.600 0.401
201603 0.701 102.200 0.790
201606 0.786 101.400 0.893
201609 0.820 102.400 0.923
201612 0.311 102.600 0.349
201703 0.707 103.200 0.789
201706 0.776 103.100 0.867
201709 0.787 104.100 0.871
201712 0.274 104.500 0.302
201803 0.679 105.300 0.743
201806 0.785 104.900 0.862
201809 0.785 106.600 0.849
201812 0.278 106.500 0.301
201903 0.776 107.700 0.830
201906 0.816 107.700 0.873
201909 0.788 109.800 0.827
201912 0.293 111.200 0.304
202003 0.601 112.300 0.617
202006 0.870 110.400 0.908
202009 0.806 111.700 0.831
202012 0.309 111.500 0.319
202103 0.850 112.662 0.869
202106 0.888 111.769 0.915
202109 0.822 112.215 0.844
202112 0.347 113.108 0.354
202203 0.970 114.335 0.978
202206 1.041 114.558 1.047
202209 1.039 115.339 1.038
202212 0.305 115.116 0.305
202303 1.066 115.116 1.067
202306 1.026 114.558 1.032
202309 0.885 115.339 0.884
202312 0.278 114.781 0.279
202403 0.951 115.227 0.951

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.


Tsingtao Brewery Co  (STU:TSI) 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.


Tsingtao Brewery Co Cyclically Adjusted PS Ratio Related Terms

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


Tsingtao Brewery Co (STU:TSI) Business Description

Traded in Other Exchanges
Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Tsingtao Brewery Co (STU:TSI) Headlines

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