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Shanghai Zhezhong Group Co (SZSE:002346) Cyclically Adjusted PS Ratio : 4.83 (As of Sep. 21, 2024)


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What is Shanghai Zhezhong Group Co Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Shanghai Zhezhong Group Co's current share price is ¥7.25. Shanghai Zhezhong Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was ¥1.50. Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio for today is 4.83.

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

SZSE:002346' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.46   Med: 8.69   Max: 16.99
Current: 4.83

During the past years, Shanghai Zhezhong Group Co's highest Cyclically Adjusted PS Ratio was 16.99. The lowest was 4.46. And the median was 8.69.

SZSE:002346's Cyclically Adjusted PS Ratio is ranked worse than
87.36% of 2057 companies
in the Industrial Products industry
Industry Median: 1.44 vs SZSE:002346: 4.83

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.

Shanghai Zhezhong Group Co's adjusted revenue per share data for the three months ended in Jun. 2024 was ¥0.617. 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 ¥1.50 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Zhezhong Group Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shanghai Zhezhong Group 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.

Shanghai Zhezhong Group Co Cyclically Adjusted PS Ratio Chart

Shanghai Zhezhong Group 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 8.21 6.74 14.23 9.10 7.65

Shanghai Zhezhong Group Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.81 8.43 7.65 6.63 5.09

Competitive Comparison of Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio

For the Electrical Equipment & Parts subindustry, Shanghai Zhezhong Group 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.


Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio falls into.



Shanghai Zhezhong Group 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.

Shanghai Zhezhong Group Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.25/1.5
=4.83

* 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.

Shanghai Zhezhong Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Shanghai Zhezhong Group Co's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.617/114.7809*114.7809
=0.617

Current CPI (Jun. 2024) = 114.7809.

Shanghai Zhezhong Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 0.124 98.900 0.144
201412 0.472 99.000 0.547
201503 0.319 99.900 0.367
201506 0.160 99.500 0.185
201509 0.193 100.500 0.220
201512 0.329 100.600 0.375
201603 0.116 102.200 0.130
201606 0.300 101.400 0.340
201609 0.209 102.400 0.234
201612 0.390 102.600 0.436
201703 0.130 103.200 0.145
201706 0.171 103.100 0.190
201709 0.189 104.100 0.208
201712 0.550 104.500 0.604
201803 0.377 105.300 0.411
201806 0.291 104.900 0.318
201809 0.350 106.600 0.377
201812 0.240 106.500 0.259
201903 0.230 107.700 0.245
201906 0.233 107.700 0.248
201909 0.253 109.800 0.264
201912 0.329 111.200 0.340
202003 0.194 112.300 0.198
202006 0.613 110.400 0.637
202009 0.320 111.700 0.329
202012 0.346 111.500 0.356
202103 0.311 112.662 0.317
202106 0.470 111.769 0.483
202109 0.199 112.215 0.204
202112 0.582 113.108 0.591
202203 0.325 114.335 0.326
202206 0.559 114.558 0.560
202209 0.259 115.339 0.258
202212 0.530 115.116 0.528
202303 0.358 115.116 0.357
202306 0.524 114.558 0.525
202309 0.305 115.339 0.304
202312 1.431 114.781 1.431
202403 0.375 115.227 0.374
202406 0.617 114.781 0.617

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.


Shanghai Zhezhong Group Co  (SZSE:002346) 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.


Shanghai Zhezhong Group Co Cyclically Adjusted PS Ratio Related Terms

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


Shanghai Zhezhong Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 368 Canggong Road, Fengxian District, Chemical Industry Park, Shanghai, CHN, 201402
Shanghai Zhezhong Group Co Ltd manufactures and sells sets of switching equipment in China. It offers sets of switchgear, control equipment, and box-type substation.
Executives
Wu Cheng Min Supervisors
Ma Yu Hua Directors, executives
Tang Wen Hua Supervisors
Yu Mei Supervisors
Tang Yi Bo Supervisors
Huang Dong Supervisors
Ji Ji Ping Director

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