GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Jiaxin Silk Corp Ltd (SZSE:002404) » Definitions » Cyclically Adjusted PS Ratio

Zhejiang Jiaxin Silk (SZSE:002404) Cyclically Adjusted PS Ratio : 1.10 (As of Dec. 12, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Zhejiang Jiaxin Silk Cyclically Adjusted PS Ratio?

As of today (2024-12-12), Zhejiang Jiaxin Silk's current share price is ¥6.79. Zhejiang Jiaxin Silk's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ¥6.18. Zhejiang Jiaxin Silk's Cyclically Adjusted PS Ratio for today is 1.10.

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

SZSE:002404' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.22   Max: 1.75
Current: 1.06

During the past years, Zhejiang Jiaxin Silk's highest Cyclically Adjusted PS Ratio was 1.75. The lowest was 0.82. And the median was 1.22.

SZSE:002404's Cyclically Adjusted PS Ratio is ranked worse than
58.44% of 782 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.79 vs SZSE:002404: 1.06

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 Jiaxin Silk's adjusted revenue per share data for the three months ended in Sep. 2024 was ¥2.077. 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 ¥6.18 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Jiaxin Silk Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Zhejiang Jiaxin Silk'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 Jiaxin Silk Cyclically Adjusted PS Ratio Chart

Zhejiang Jiaxin Silk 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 1.36 1.75 1.14 1.16 1.04

Zhejiang Jiaxin Silk 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 1.11 1.04 0.90 0.88 0.99

Competitive Comparison of Zhejiang Jiaxin Silk's Cyclically Adjusted PS Ratio

For the Apparel Manufacturing subindustry, Zhejiang Jiaxin Silk'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 Jiaxin Silk's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Jiaxin Silk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiaxin Silk's Cyclically Adjusted PS Ratio falls into.



Zhejiang Jiaxin Silk 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 Jiaxin Silk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.79/6.18
=1.10

* 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 Jiaxin Silk's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Zhejiang Jiaxin Silk'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)
=2.077/115.7848*115.7848
=2.077

Current CPI (Sep. 2024) = 115.7848.

Zhejiang Jiaxin Silk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.977 99.000 1.143
201503 0.825 99.900 0.956
201506 1.081 99.500 1.258
201509 0.994 100.500 1.145
201512 0.911 100.600 1.049
201603 1.058 102.200 1.199
201606 1.128 101.400 1.288
201609 1.142 102.400 1.291
201612 0.985 102.600 1.112
201703 1.097 103.200 1.231
201706 1.459 103.100 1.639
201709 1.430 104.100 1.591
201712 1.216 104.500 1.347
201803 1.445 105.300 1.589
201806 1.331 104.900 1.469
201809 1.435 106.600 1.559
201812 1.344 106.500 1.461
201903 1.570 107.700 1.688
201906 1.453 107.700 1.562
201909 1.513 109.800 1.595
201912 1.283 111.200 1.336
202003 1.112 112.300 1.147
202006 1.023 110.400 1.073
202009 1.139 111.700 1.181
202012 1.227 111.500 1.274
202103 1.734 112.662 1.782
202106 1.321 111.769 1.368
202109 1.837 112.215 1.895
202112 1.696 113.108 1.736
202203 1.925 114.335 1.949
202206 1.887 114.558 1.907
202209 2.096 115.339 2.104
202212 1.795 115.116 1.805
202303 1.655 115.116 1.665
202306 2.205 114.558 2.229
202309 1.961 115.339 1.969
202312 1.739 114.781 1.754
202403 2.172 115.227 2.183
202406 2.167 114.781 2.186
202409 2.077 115.785 2.077

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 Jiaxin Silk  (SZSE:002404) 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 Jiaxin Silk Cyclically Adjusted PS Ratio Related Terms

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


Zhejiang Jiaxin Silk Business Description

Traded in Other Exchanges
N/A
Address
The Silk Building No. 22, Zhongshan Road, Zhejiang Province, Jiaxing, CHN
Zhejiang Jiaxin Silk Corp Ltd is a Chinese silk house. It is engaged in the manufacture of high-grade silk, silk, and clothing. It produces and sales silkworm cocoons, silk, weaving, printing and dyeing, knitting and garments.
Executives
Zhou Guo Jian Director
Han Shuo Directors, executives
Zhou Qing Rong Supervisors
Gu Qun Director
Feng Jian Ping Executives
Zhang Ning Supervisors
Zhu Jian Yong Supervisors
Zheng Xiao Directors, Directors, and Executives
Shen Yu Qi Executives
Xu Hong Directors, executives
Hu Chuan Guo Director

Zhejiang Jiaxin Silk Headlines

No Headlines