Jiangsu LiXing General Steel Ball Co (SZSE:300421) Cyclically Adjusted PS Ratio : 3.22 (As of Jun. 20, 2024)

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What is Jiangsu LiXing General Steel Ball Co Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Jiangsu LiXing General Steel Ball Co's current share price is ¥9.21. Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.86. Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio for today is 3.22.

The historical rank and industry rank for Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:300421' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.67 Med: 3.4 Max: 4.55
Current: 3.61

During the past years, Jiangsu LiXing General Steel Ball Co's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 2.67. And the median was 3.40.

SZSE:300421's Cyclically Adjusted PS Ratio is ranked worse than
93.9% of 525 companies
in the Steel industry
Industry Median: 0.47 vs SZSE:300421: 3.61

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.

Jiangsu LiXing General Steel Ball Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.819. 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 ¥2.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Jiangsu LiXing General Steel Ball Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jiangsu LiXing General Steel Ball 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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Jiangsu LiXing General Steel Ball Co Cyclically Adjusted PS Ratio Chart

Jiangsu LiXing General Steel Ball Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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4.55

Jiangsu LiXing General Steel Ball 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															3.53	4.26	3.33	4.55	3.12

Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio

For the Steel subindustry, Jiangsu LiXing General Steel Ball 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.

Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio falls into.

Jiangsu LiXing General Steel Ball 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.

Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	9.21	/	2.86
	=	3.22

Jiangsu LiXing General Steel Ball Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Jiangsu LiXing General Steel Ball 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)
	=	0.819	/	115.2271	*	115.2271
	=	0.819

Current CPI (Mar. 2024) = 115.2271.

Jiangsu LiXing General Steel Ball Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	0.572	98.200	0.671
201409	0.644	98.900	0.750
201412	0.646	99.000	0.752
201503	0.461	99.900	0.532
201506	0.575	99.500	0.666
201509	0.456	100.500	0.523
201512	0.477	100.600	0.546
201603	0.465	102.200	0.524
201606	0.473	101.400	0.537
201609	0.471	102.400	0.530
201612	0.425	102.600	0.477
201703	0.510	103.200	0.569
201706	0.498	103.100	0.557
201709	0.580	104.100	0.642
201712	0.640	104.500	0.706
201803	0.535	105.300	0.585
201806	0.614	104.900	0.674
201809	1.196	106.600	1.293
201812	0.561	106.500	0.607
201903	1.069	107.700	1.144
201906	0.409	107.700	0.438
201909	0.623	109.800	0.654
201912	0.699	111.200	0.724
202003	0.504	112.300	0.517
202006	0.653	110.400	0.682
202009	0.713	111.700	0.736
202012	0.876	111.500	0.905
202103	0.826	112.662	0.845
202106	0.844	111.769	0.870
202109	0.884	112.215	0.908
202112	0.756	113.108	0.770
202203	0.778	114.335	0.784
202206	0.841	114.558	0.846
202209	0.473	115.339	0.473
202212	0.932	115.116	0.933
202303	0.953	115.116	0.954
202306	0.770	114.558	0.774
202309	0.857	115.339	0.856
202312	0.857	114.781	0.860
202403	0.819	115.227	0.819

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.

Jiangsu LiXing General Steel Ball Co (SZSE:300421) 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.

Jiangsu LiXing General Steel Ball Co Cyclically Adjusted PS Ratio Related Terms

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Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu LiXing General Steel Ball Co Ltd (SZSE:300421) » Definitions » Cyclically Adjusted PS Ratio

Traded in Other Exchanges

N/A

Address

No. 68, Xingyuan Avenue, Rugao Town, Jiangsu Province, Rugao, Jiangsu, CHN, 226500

Website

http://www.jgbr.com.cn

Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.

Executives

Su Yin Jian	Supervisors
Zhao Gao Ming	Directors, executives
Wang Rong	Directors, executives
Sha Xiao Jian	Executives
Zhang Bang You	Directors, executives
Chen Fang	Executives
Wu Xiang Hui	Supervisors
Tang Guo Hua	Directors, executives
Shi Xiang Gui	Directors, executives

Jiangsu LiXing General Steel Ball Co (SZSE:300421) Headlines

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