Tieling Newcity Investment Holding (Group) (SZSE:000809) Cyclically Adjusted PS Ratio : 6.59 (As of May. 24, 2024)

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What is Tieling Newcity Investment Holding (Group) Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Tieling Newcity Investment Holding (Group)'s current share price is ¥2.24. Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥0.34. Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio for today is 6.59.

The historical rank and industry rank for Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:000809' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.53 Med: 3.8 Max: 9.35
Current: 6.63

During the past years, Tieling Newcity Investment Holding (Group)'s highest Cyclically Adjusted PS Ratio was 9.35. The lowest was 1.53. And the median was 3.80.

SZSE:000809's Cyclically Adjusted PS Ratio is ranked worse than
83.76% of 1367 companies
in the Real Estate industry
Industry Median: 1.75 vs SZSE:000809: 6.63

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.

Tieling Newcity Investment Holding (Group)'s adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.003. 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 ¥0.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Tieling Newcity Investment Holding (Group) Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tieling Newcity Investment Holding (Group)'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.

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Tieling Newcity Investment Holding (Group) Cyclically Adjusted PS Ratio Chart

Tieling Newcity Investment Holding (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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1.80

1.84

4.52

5.04

9.07

Tieling Newcity Investment Holding (Group) 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															5.24	7.83	6.67	9.07	6.12

Competitive Comparison of Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, Tieling Newcity Investment Holding (Group)'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.

Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio falls into.

Tieling Newcity Investment Holding (Group) 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.

Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	2.24	/	0.34
	=	6.59

Tieling Newcity Investment Holding (Group)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tieling Newcity Investment Holding (Group)'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)
	=	0.003	/	115.2271	*	115.2271
	=	0.003

Current CPI (Mar. 2024) = 115.2271.

Tieling Newcity Investment Holding (Group) Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	0.198	98.200	0.232
201409	0.007	98.900	0.008
201412	0.063	99.000	0.073
201503	0.008	99.900	0.009
201506	0.007	99.500	0.008
201509	0.013	100.500	0.015
201512	0.016	100.600	0.018
201603	0.004	102.200	0.005
201606	0.007	101.400	0.008
201609	0.007	102.400	0.008
201612	0.007	102.600	0.008
201703	0.005	103.200	0.006
201706	0.006	103.100	0.007
201709	0.065	104.100	0.072
201712	0.030	104.500	0.033
201803	0.007	105.300	0.008
201806	0.008	104.900	0.009
201809	0.112	106.600	0.121
201812	1.690	106.500	1.828
201903	0.005	107.700	0.005
201906	0.016	107.700	0.017
201909	0.072	109.800	0.076
201912	0.125	111.200	0.130
202003	0.004	112.300	0.004
202006	0.011	110.400	0.011
202009	0.007	111.700	0.007
202012	0.188	111.500	0.194
202103	0.006	112.662	0.006
202106	0.006	111.769	0.006
202109	0.005	112.215	0.005
202112	0.121	113.108	0.123
202203	0.005	114.335	0.005
202206	0.007	114.558	0.007
202209	0.015	115.339	0.015
202212	0.243	115.116	0.243
202303	0.007	115.116	0.007
202306	0.006	114.558	0.006
202309	0.006	115.339	0.006
202312	0.010	114.781	0.010
202403	0.003	115.227	0.003

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.

Tieling Newcity Investment Holding (Group) (SZSE:000809) 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.

Tieling Newcity Investment Holding (Group) Cyclically Adjusted PS Ratio Related Terms

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Tieling Newcity Investment Holding (Group) (SZSE:000809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tieling Newcity Investment Holding (Group) Ltd (SZSE:000809) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

N/A

Address

No. 12, Jinshajiang Road, Fanhe New District, Liaoning Province, Tieling, CHN, 112000

Website

http://www.tielingnewcity.com.cn

Tieling Newcity Investment Holding Ltd is a China-based company engaged in the land development projects. Its business activities include first-level development business and urban operations. The first-level development business division includes municipal infrastructure construction and land project development. And the urban operations division includes water supply, sewage treatment, taxi operations, and advertising media.

Executives

Han Guang Lin	Director
Li Shi Fan	Director
Zhu Heng	Director
Li Jing Chuan	Supervisors

Tieling Newcity Investment Holding (Group) (SZSE:000809) Headlines

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