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Optics Technology Holding Co (SZSE:300489) Cyclically Adjusted PS Ratio : 5.97 (As of Jun. 14, 2024)


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What is Optics Technology Holding Co Cyclically Adjusted PS Ratio?

As of today (2024-06-14), Optics Technology Holding Co's current share price is ¥18.92. Optics Technology Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥3.17. Optics Technology Holding Co's Cyclically Adjusted PS Ratio for today is 5.97.

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

SZSE:300489' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.07   Med: 6.54   Max: 9.78
Current: 5.77

During the past years, Optics Technology Holding Co's highest Cyclically Adjusted PS Ratio was 9.78. The lowest was 4.07. And the median was 6.54.

SZSE:300489's Cyclically Adjusted PS Ratio is ranked worse than
86.75% of 581 companies
in the Metals & Mining industry
Industry Median: 1.22 vs SZSE:300489: 5.77

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.

Optics Technology Holding Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥1.703. 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 ¥3.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Optics Technology Holding Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Optics Technology Holding 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.

Optics Technology Holding Co Cyclically Adjusted PS Ratio Chart

Optics Technology Holding 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 - - - - 6.70

Optics Technology Holding 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 7.04 6.66 6.66 6.70 5.77

Competitive Comparison of Optics Technology Holding Co's Cyclically Adjusted PS Ratio

For the Aluminum subindustry, Optics Technology Holding 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.


Optics Technology Holding Co's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Optics Technology Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Optics Technology Holding 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.

Optics Technology Holding Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.92/3.17
=5.97

* 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.

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

For example, Optics Technology Holding 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)
=1.703/115.2271*115.2271
=1.703

Current CPI (Mar. 2024) = 115.2271.

Optics Technology Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.508 98.200 0.596
201409 0.228 98.900 0.266
201412 0.511 99.000 0.595
201503 0.272 99.900 0.314
201506 0.185 99.500 0.214
201509 0.194 100.500 0.222
201512 0.181 100.600 0.207
201603 0.239 102.200 0.269
201606 0.305 101.400 0.347
201609 0.164 102.400 0.185
201612 0.304 102.600 0.341
201703 0.269 103.200 0.300
201706 0.360 103.100 0.402
201709 0.251 104.100 0.278
201712 0.177 104.500 0.195
201803 0.204 105.300 0.223
201806 0.420 104.900 0.461
201809 0.210 106.600 0.227
201812 0.242 106.500 0.262
201903 0.167 107.700 0.179
201906 0.356 107.700 0.381
201909 0.404 109.800 0.424
201912 0.275 111.200 0.285
202003 0.326 112.300 0.334
202006 0.575 110.400 0.600
202009 0.926 111.700 0.955
202012 1.141 111.500 1.179
202103 1.096 112.662 1.121
202106 1.485 111.769 1.531
202109 1.323 112.215 1.359
202112 1.407 113.108 1.433
202203 1.452 114.335 1.463
202206 2.008 114.558 2.020
202209 1.882 115.339 1.880
202212 1.532 115.116 1.533
202303 1.758 115.116 1.760
202306 1.762 114.558 1.772
202309 1.756 115.339 1.754
202312 2.110 114.781 2.118
202403 1.703 115.227 1.703

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.


Optics Technology Holding Co  (SZSE:300489) 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.


Optics Technology Holding Co Cyclically Adjusted PS Ratio Related Terms

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


Optics Technology Holding Co (SZSE:300489) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060
Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.
Executives
Gong Tao Directors, executives
Liu Liu Director
Gao Shu Zeng Executives
Zhang Chun Bo Directors, executives
Shi Yong Sheng Supervisors
Zhang Yong Supervisors
Wang Chun Yu Directors, executives
Li Hai Bing Secretary, Director
Wang Gui Xiang Supervisors

Optics Technology Holding Co (SZSE:300489) Headlines

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