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China Rare Earth Resources & Technology Co (SZSE:000831) Cyclically Adjusted PS Ratio : 15.82 (As of May. 21, 2024)


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What is China Rare Earth Resources & Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-05-21), China Rare Earth Resources & Technology Co's current share price is ¥29.59. China Rare Earth Resources & Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥1.87. China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio for today is 15.82.

The historical rank and industry rank for China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:000831' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.72   Med: 4.89   Max: 25.62
Current: 15.23

During the past years, China Rare Earth Resources & Technology Co's highest Cyclically Adjusted PS Ratio was 25.62. The lowest was 2.72. And the median was 4.89.

SZSE:000831's Cyclically Adjusted PS Ratio is ranked worse than
97.43% of 1208 companies
in the Chemicals industry
Industry Median: 1.23 vs SZSE:000831: 15.23

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.

China Rare Earth Resources & Technology Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.284. 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 ¥1.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Rare Earth Resources & Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Rare Earth Resources & Technology 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.

China Rare Earth Resources & Technology Co Cyclically Adjusted PS Ratio Chart

China Rare Earth Resources & Technology 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 4.51 5.39 22.46 19.41 15.06

China Rare Earth Resources & Technology 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 18.52 15.92 14.76 15.06 14.72

Competitive Comparison of China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, China Rare Earth Resources & Technology 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.


China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio falls into.



China Rare Earth Resources & Technology 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.

China Rare Earth Resources & Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.59/1.87
=15.82

* 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.

China Rare Earth Resources & Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Rare Earth Resources & Technology 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)
=0.284/115.2271*115.2271
=0.284

Current CPI (Mar. 2024) = 115.2271.

China Rare Earth Resources & Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.192 98.200 0.225
201409 0.302 98.900 0.352
201412 0.175 99.000 0.204
201503 0.070 99.900 0.081
201506 0.134 99.500 0.155
201509 0.103 100.500 0.118
201512 0.030 100.600 0.034
201603 0.064 102.200 0.072
201606 0.021 101.400 0.024
201609 0.009 102.400 0.010
201612 0.367 102.600 0.412
201703 0.107 103.200 0.119
201706 0.174 103.100 0.194
201709 0.338 104.100 0.374
201712 0.111 104.500 0.122
201803 0.110 105.300 0.120
201806 0.188 104.900 0.207
201809 0.303 106.600 0.328
201812 0.342 106.500 0.370
201903 0.418 107.700 0.447
201906 0.612 107.700 0.655
201909 0.288 109.800 0.302
201912 0.361 111.200 0.374
202003 0.321 112.300 0.329
202006 0.387 110.400 0.404
202009 0.274 111.700 0.283
202012 0.705 111.500 0.729
202103 0.785 112.662 0.803
202106 0.820 111.769 0.845
202109 0.438 112.215 0.450
202112 0.988 113.108 1.007
202203 1.232 114.335 1.242
202206 1.012 114.558 1.018
202209 0.987 115.339 0.986
202212 1.068 115.116 1.069
202303 1.574 115.116 1.576
202306 0.508 114.558 0.511
202309 0.998 115.339 0.997
202312 0.875 114.781 0.878
202403 0.284 115.227 0.284

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.


China Rare Earth Resources & Technology Co  (SZSE:000831) 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.


China Rare Earth Resources & Technology Co Cyclically Adjusted PS Ratio Related Terms

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China Rare Earth Resources & Technology Co (SZSE:000831) Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Zhangjiang South Avenue, 15th Floor, Building A, Haode Ginza, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000
China Rare Earth Resources & Technology Co Ltd is principally engaged in the production and sales of rare earth oxides. It is mainly engaged in the operation and trade of rare earth oxides, rare earth metals and rare earth deep processing products, as well as rare earth technology research and development and consulting services. The company's leading product include high-purity single rare earth oxides and rare earth co-precipitate products. Geographically activities are carried out through China.

China Rare Earth Resources & Technology Co (SZSE:000831) Headlines

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