Shenzhen Fenda Technology Co (SZSE:002681) Cyclically Adjusted PS Ratio : 2.09 (As of Jun. 20, 2024)

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What is Shenzhen Fenda Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Shenzhen Fenda Technology Co's current share price is ¥3.68. Shenzhen Fenda Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥1.76. Shenzhen Fenda Technology Co's Cyclically Adjusted PS Ratio for today is 2.09.

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

SZSE:002681' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.88 Med: 2.74 Max: 4.87
Current: 2.11

During the past years, Shenzhen Fenda Technology Co's highest Cyclically Adjusted PS Ratio was 4.87. The lowest was 1.88. And the median was 2.74.

SZSE:002681's Cyclically Adjusted PS Ratio is ranked worse than
70.31% of 1923 companies
in the Hardware industry
Industry Median: 1.09 vs SZSE:002681: 2.11

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.

Shenzhen Fenda Technology Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.364. 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 ¥1.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Shenzhen Fenda Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Shenzhen Fenda 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.

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Shenzhen Fenda Technology Co Cyclically Adjusted PS Ratio Chart

Shenzhen Fenda Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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3.16

2.54

2.29

2.87

Shenzhen Fenda 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															2.63	2.91	2.83	2.87	2.72

Competitive Comparison of Shenzhen Fenda Technology Co's Cyclically Adjusted PS Ratio

For the Consumer Electronics subindustry, Shenzhen Fenda 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.

Shenzhen Fenda Technology Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Fenda Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Shenzhen Fenda 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.

Shenzhen Fenda Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	3.68	/	1.76
	=	2.09

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

For example, Shenzhen Fenda 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)
	=	0.364	/	115.2271	*	115.2271
	=	0.364

Current CPI (Mar. 2024) = 115.2271.

Shenzhen Fenda Technology Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	0.153	98.200	0.180
201409	0.270	98.900	0.315
201412	0.337	99.000	0.392
201503	0.310	99.900	0.358
201506	0.180	99.500	0.208
201509	0.309	100.500	0.354
201512	0.273	100.600	0.313
201603	0.180	102.200	0.203
201606	0.255	101.400	0.290
201609	0.367	102.400	0.413
201612	0.408	102.600	0.458
201703	0.204	103.200	0.228
201706	0.318	103.100	0.355
201709	0.710	104.100	0.786
201712	0.766	104.500	0.845
201803	0.436	105.300	0.477
201806	0.526	104.900	0.578
201809	0.544	106.600	0.588
201812	0.460	106.500	0.498
201903	0.329	107.700	0.352
201906	0.390	107.700	0.417
201909	0.492	109.800	0.516
201912	0.517	111.200	0.536
202003	0.293	112.300	0.301
202006	0.441	110.400	0.460
202009	0.535	111.700	0.552
202012	0.576	111.500	0.595
202103	0.455	112.662	0.465
202106	0.497	111.769	0.512
202109	0.681	112.215	0.699
202112	0.632	113.108	0.644
202203	0.377	114.335	0.380
202206	0.485	114.558	0.488
202209	0.452	115.339	0.452
202212	0.310	115.116	0.310
202303	0.318	115.116	0.318
202306	0.521	114.558	0.524
202309	0.435	115.339	0.435
202312	0.397	114.781	0.399
202403	0.364	115.227	0.364

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.

Shenzhen Fenda Technology Co (SZSE:002681) 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.

Shenzhen Fenda Technology Co Cyclically Adjusted PS Ratio Related Terms

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

Shenzhen Fenda Technology Co (SZSE:002681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Fenda Technology Co Ltd (SZSE:002681) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

N/A

Address

Zhoushi Road, Fenda Hi-Tech Park, Shiyan, Baoan district, Shenzhen, CHN, 518108

Website

http://www.fenda.com

Shenzhen Fenda Technology Co Ltd is a China-based company engaged in the designs and manufacturing of audio and electro-acoustic devices for global consumers. It offers hardware and integrated solutions to provide services for software development, hardware design, and cloud technology. The product portfolio of the company includes speakers, headphones and other related accessories.

Executives

Xiao Xiao	Directors, executives
Xiao Fen	Director
Guo Xue Song	Supervisors
Xiao Yong	Directors, executives
Ceng Xiu Qing	Supervisors
Dong Xiao Lin	Director
Huang Han Long	Supervisors
Wen Zhong Ze	Directors, executives
Xie Yu Ping	Secretary, Director
Zhou Gui Qing	Securities Affairs Representative
Wang Ze Qi	Directors, executives

Shenzhen Fenda Technology Co (SZSE:002681) Headlines

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