GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Perfect World Co Ltd (SZSE:002624) » Definitions » Cyclically Adjusted PS Ratio

Perfect World Co (SZSE:002624) Cyclically Adjusted PS Ratio : 2.41 (As of May. 02, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Perfect World Co Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Perfect World Co's current share price is ¥10.00. Perfect World Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥4.15. Perfect World Co's Cyclically Adjusted PS Ratio for today is 2.41.

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

SZSE:002624' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.41   Med: 4.4   Max: 12.17
Current: 2.41

During the past years, Perfect World Co's highest Cyclically Adjusted PS Ratio was 12.17. The lowest was 2.41. And the median was 4.40.

SZSE:002624's Cyclically Adjusted PS Ratio is ranked worse than
80.11% of 699 companies
in the Media - Diversified industry
Industry Median: 0.9 vs SZSE:002624: 2.41

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.

Perfect World Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.893. 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 ¥4.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Perfect World Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Perfect World 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.

Perfect World Co Cyclically Adjusted PS Ratio Chart

Perfect World 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 9.05 8.36 5.49 3.18 2.90

Perfect World 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 4.20 4.09 3.15 2.90 2.54

Competitive Comparison of Perfect World Co's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Perfect World 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.


Perfect World Co's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Perfect World Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Perfect World Co's Cyclically Adjusted PS Ratio falls into.



Perfect World 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.

Perfect World Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.00/4.15
=2.41

* 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.

Perfect World Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Perfect World 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)
=0.893/114.6694*114.6694
=0.893

Current CPI (Mar. 2024) = 114.6694.

Perfect World Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.355 98.200 0.415
201409 0.163 98.900 0.189
201412 1.950 99.000 2.259
201503 0.038 99.900 0.044
201506 1.302 99.500 1.500
201509 0.723 100.500 0.825
201512 0.844 100.600 0.962
201603 0.589 102.200 0.661
201606 0.664 101.400 0.751
201609 0.710 102.400 0.795
201612 1.310 102.600 1.464
201703 0.978 103.200 1.087
201706 0.840 103.100 0.934
201709 0.983 104.100 1.083
201712 1.201 104.500 1.318
201803 0.901 105.300 0.981
201806 0.944 104.900 1.032
201809 0.942 106.600 1.013
201812 1.295 106.500 1.394
201903 1.036 107.700 1.103
201906 0.412 107.700 0.439
201909 1.089 109.800 1.137
201912 1.123 111.200 1.158
202003 1.341 112.300 1.369
202006 1.331 110.400 1.382
202009 1.525 111.700 1.566
202012 1.129 111.500 1.161
202103 1.153 112.662 1.174
202106 0.974 111.769 0.999
202109 1.341 112.215 1.370
202112 0.927 113.108 0.940
202203 1.115 114.335 1.118
202206 0.954 114.558 0.955
202209 0.941 115.339 0.936
202212 1.000 115.116 0.996
202303 1.026 115.116 1.022
202306 1.316 114.558 1.317
202309 0.884 115.339 0.879
202312 0.887 114.669 0.887
202403 0.893 114.669 0.893

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.


Perfect World Co  (SZSE:002624) 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.


Perfect World Co Cyclically Adjusted PS Ratio Related Terms

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


Perfect World Co (SZSE:002624) Business Description

Traded in Other Exchanges
N/A
Address
No. 117. Longshan Road, Zhongguan Town, Zhejiang Province, Huzhou, CHN
Perfect World Co Ltd is an entertainment company based in China, engaging in the production, distribution and marketing of film and television content, content related advertising and merchandising business, as well as talent management business.

Perfect World Co (SZSE:002624) Headlines

No Headlines