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Zhejiang Yongtai Technology Co (SZSE:002326) Cyclically Adjusted PS Ratio : 2.45 (As of Dec. 13, 2024)


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What is Zhejiang Yongtai Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-12-13), Zhejiang Yongtai Technology Co's current share price is ¥10.10. Zhejiang Yongtai Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ¥4.13. Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio for today is 2.45.

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

SZSE:002326' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.83   Med: 4.71   Max: 26.43
Current: 2.56

During the past years, Zhejiang Yongtai Technology Co's highest Cyclically Adjusted PS Ratio was 26.43. The lowest was 1.83. And the median was 4.71.

SZSE:002326's Cyclically Adjusted PS Ratio is ranked worse than
69.63% of 1034 companies
in the Chemicals industry
Industry Median: 1.485 vs SZSE:002326: 2.56

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.

Zhejiang Yongtai Technology Co's adjusted revenue per share data for the three months ended in Sep. 2024 was ¥1.382. 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 ¥4.13 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Yongtai Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zhejiang Yongtai 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.

Zhejiang Yongtai Technology Co Cyclically Adjusted PS Ratio Chart

Zhejiang Yongtai 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 4.75 4.57 18.03 6.28 3.05

Zhejiang Yongtai Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.41 3.05 2.67 1.96 2.38

Competitive Comparison of Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio

For the Chemicals subindustry, Zhejiang Yongtai 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.


Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio falls into.



Zhejiang Yongtai 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.

Zhejiang Yongtai Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.10/4.13
=2.45

* 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.

Zhejiang Yongtai Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Zhejiang Yongtai Technology Co's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.382/115.7848*115.7848
=1.382

Current CPI (Sep. 2024) = 115.7848.

Zhejiang Yongtai Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.483 99.000 0.565
201503 0.308 99.900 0.357
201506 0.503 99.500 0.585
201509 0.429 100.500 0.494
201512 0.472 100.600 0.543
201603 0.468 102.200 0.530
201606 0.573 101.400 0.654
201609 0.422 102.400 0.477
201612 0.510 102.600 0.576
201703 0.578 103.200 0.648
201706 0.774 103.100 0.869
201709 0.717 104.100 0.797
201712 0.881 104.500 0.976
201803 0.665 105.300 0.731
201806 0.738 104.900 0.815
201809 1.008 106.600 1.095
201812 1.097 106.500 1.193
201903 0.902 107.700 0.970
201906 1.147 107.700 1.233
201909 1.051 109.800 1.108
201912 0.886 111.200 0.923
202003 0.574 112.300 0.592
202006 1.233 110.400 1.293
202009 1.046 111.700 1.084
202012 1.224 111.500 1.271
202103 0.971 112.662 0.998
202106 1.315 111.769 1.362
202109 1.463 112.215 1.510
202112 1.353 113.108 1.385
202203 1.983 114.335 2.008
202206 1.781 114.558 1.800
202209 1.810 115.339 1.817
202212 1.633 115.116 1.642
202303 1.153 115.116 1.160
202306 0.988 114.558 0.999
202309 1.362 115.339 1.367
202312 1.151 114.781 1.161
202403 0.885 115.227 0.889
202406 1.381 114.781 1.393
202409 1.382 115.785 1.382

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.


Zhejiang Yongtai Technology Co  (SZSE:002326) 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.


Zhejiang Yongtai Technology Co Cyclically Adjusted PS Ratio Related Terms

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


Zhejiang Yongtai Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Donghai Fifth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province, Zhejiang, CHN, 317016
Zhejiang Yongtai Technology Co Ltd is a fluorinated pharmaceutical, crop science, and new energy materials manufacturer with fluorine-containing technology as the core, technological innovation as the impetus, and intelligent manufacturing as the driving force, which is able to provide customized R&D services, manufacturing and technical services for domestic and overseas customers with its vertically integrated industrial chain, a flexible and comprehensive production platform, and specialized R&D innovation teams.
Executives
Wang Ying Mei Director
Chen Li Jie Directors, executives
Wang Chun Hua Executives
Shao Hong Ming Director
Zhang Zheng Qiu Supervisors
Jin Yi Zhong Directors, executives
He Ren Bao Directors, executives
Chen Yi Jin Executives
Wu Wei Bing Supervisors
Lin Bao Ming Supervisors
Chen Li Ping Securities Affairs Representative
Xiang Yu Yan Executives
Luo Jian Rong Directors, executives
Huang Wei Bin Supervisors
Guan Hui Directors, executives

Zhejiang Yongtai Technology Co Headlines

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