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Sichuan Meifeng Chemical Industry Co (SZSE:000731) Cyclically Adjusted PS Ratio : 1.12 (As of Jun. 21, 2024)


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What is Sichuan Meifeng Chemical Industry Co Cyclically Adjusted PS Ratio?

As of today (2024-06-21), Sichuan Meifeng Chemical Industry Co's current share price is ¥6.85. Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥6.11. Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio for today is 1.12.

The historical rank and industry rank for Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:000731' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.07   Max: 2.5
Current: 1.12

During the past years, Sichuan Meifeng Chemical Industry Co's highest Cyclically Adjusted PS Ratio was 2.50. The lowest was 0.57. And the median was 1.07.

SZSE:000731's Cyclically Adjusted PS Ratio is ranked worse than
52.48% of 202 companies
in the Agriculture industry
Industry Median: 1.1 vs SZSE:000731: 1.12

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.

Sichuan Meifeng Chemical Industry Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥1.502. 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 ¥6.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sichuan Meifeng Chemical Industry Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sichuan Meifeng Chemical Industry 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.

Sichuan Meifeng Chemical Industry Co Cyclically Adjusted PS Ratio Chart

Sichuan Meifeng Chemical Industry 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 0.68 0.70 1.47 1.19 1.20

Sichuan Meifeng Chemical Industry 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 1.23 1.29 1.19 1.20 1.11

Competitive Comparison of Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio

For the Agricultural Inputs subindustry, Sichuan Meifeng Chemical Industry 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.


Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio falls into.



Sichuan Meifeng Chemical Industry 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.

Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.85/6.11
=1.12

* 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.

Sichuan Meifeng Chemical Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sichuan Meifeng Chemical Industry 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)
=1.502/115.2271*115.2271
=1.502

Current CPI (Mar. 2024) = 115.2271.

Sichuan Meifeng Chemical Industry Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.102 98.200 2.466
201409 0.022 98.900 0.026
201412 2.005 99.000 2.334
201503 1.566 99.900 1.806
201506 1.630 99.500 1.888
201509 2.069 100.500 2.372
201512 1.366 100.600 1.565
201603 1.122 102.200 1.265
201606 1.264 101.400 1.436
201609 0.726 102.400 0.817
201612 0.894 102.600 1.004
201703 1.192 103.200 1.331
201706 1.222 103.100 1.366
201709 1.022 104.100 1.131
201712 0.839 104.500 0.925
201803 0.957 105.300 1.047
201806 1.062 104.900 1.167
201809 1.300 106.600 1.405
201812 1.143 106.500 1.237
201903 1.256 107.700 1.344
201906 1.291 107.700 1.381
201909 1.361 109.800 1.428
201912 1.044 111.200 1.082
202003 0.961 112.300 0.986
202006 1.379 110.400 1.439
202009 1.175 111.700 1.212
202012 1.405 111.500 1.452
202103 1.322 112.662 1.352
202106 1.684 111.769 1.736
202109 1.859 112.215 1.909
202112 2.071 113.108 2.110
202203 2.138 114.335 2.155
202206 2.521 114.558 2.536
202209 1.646 115.339 1.644
202212 2.078 115.116 2.080
202303 2.055 115.116 2.057
202306 1.735 114.558 1.745
202309 1.707 115.339 1.705
202312 1.692 114.781 1.699
202403 1.502 115.227 1.502

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.


Sichuan Meifeng Chemical Industry Co  (SZSE:000731) 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.


Sichuan Meifeng Chemical Industry Co Cyclically Adjusted PS Ratio Related Terms

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


Sichuan Meifeng Chemical Industry Co (SZSE:000731) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Section 1, Yuhua South Road, Sichuan Province, Deyang, CHN
Sichuan Meifeng Chemical Industry Co Ltd is a China-based chemical production enterprise. The chemical products offered by the company are urea, compound fertilizer, melamine, diesel exhaust gas treatment, nitric acid, ammonium nitrate, plastic-woven products and heavy-duty film packaging bags. Geographically operates through China.
Executives
Liu Zhi Gang Supervisors
Chen Rong Jiang Supervisors
Zhang Xiao Bin Director
Deng Da Lin Director
Liao Zhi Jun Supervisors
Cai Xing Fu Executives
Mao Kai Gui Supervisors
Fu Yong Director
Dong Wen De Supervisors
Chen Ping Directors, executives
Min Long Gang Director
Ding Wen Yi Supervisors
Liao Yong Fang Supervisors
Yang Jiu Yi Supervisors

Sichuan Meifeng Chemical Industry Co (SZSE:000731) Headlines

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