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Lien Hwa Industrial Holding (TPE:1229) Cyclically Adjusted PS Ratio : 11.41 (As of Jun. 08, 2024)


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What is Lien Hwa Industrial Holding Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Lien Hwa Industrial Holding's current share price is NT$67.20. Lien Hwa Industrial Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$5.89. Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio for today is 11.41.

The historical rank and industry rank for Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:1229' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.68   Med: 9.5   Max: 13.6
Current: 11.51

During the past years, Lien Hwa Industrial Holding's highest Cyclically Adjusted PS Ratio was 13.60. The lowest was 5.68. And the median was 9.50.

TPE:1229's Cyclically Adjusted PS Ratio is ranked worse than
94.87% of 448 companies
in the Conglomerates industry
Industry Median: 0.725 vs TPE:1229: 11.51

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.

Lien Hwa Industrial Holding's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$1.934. 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 NT$5.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lien Hwa Industrial Holding Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lien Hwa Industrial Holding'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.

Lien Hwa Industrial Holding Cyclically Adjusted PS Ratio Chart

Lien Hwa Industrial Holding Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.82 7.07 8.73 11.88 8.86

Lien Hwa Industrial Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 8.86 9.59 11.27 10.88 11.49

Competitive Comparison of Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Lien Hwa Industrial Holding'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.


Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio falls into.



Lien Hwa Industrial Holding 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.

Lien Hwa Industrial Holding's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=67.20/5.89
=11.41

* 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.

Lien Hwa Industrial Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lien Hwa Industrial Holding'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)
=1.934/131.7762*131.7762
=1.934

Current CPI (Mar. 2024) = 131.7762.

Lien Hwa Industrial Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.785 99.695 1.038
201406 0.839 100.560 1.099
201409 0.837 100.428 1.098
201412 0.876 99.070 1.165
201503 0.823 99.621 1.089
201506 0.863 100.684 1.130
201509 0.864 100.392 1.134
201512 0.868 99.792 1.146
201603 0.827 100.470 1.085
201606 0.844 101.688 1.094
201609 0.829 101.861 1.072
201612 0.803 101.863 1.039
201703 0.720 102.862 0.922
201706 0.757 103.349 0.965
201709 0.770 104.136 0.974
201712 0.790 104.011 1.001
201803 0.773 105.290 0.967
201806 0.793 106.317 0.983
201809 0.807 106.507 0.998
201812 0.840 105.998 1.044
201903 0.779 107.251 0.957
201906 1.306 108.070 1.592
201909 1.734 108.329 2.109
201912 1.460 108.420 1.775
202003 1.300 108.902 1.573
202006 1.718 108.767 2.081
202009 1.476 109.815 1.771
202012 1.556 109.897 1.866
202103 1.413 111.754 1.666
202106 2.045 114.631 2.351
202109 1.632 115.734 1.858
202112 2.087 117.630 2.338
202203 1.647 121.301 1.789
202206 2.380 125.017 2.509
202209 1.667 125.227 1.754
202212 1.952 125.222 2.054
202303 1.820 127.348 1.883
202306 2.170 128.729 2.221
202309 1.762 129.860 1.788
202403 1.934 131.776 1.934

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.


Lien Hwa Industrial Holding  (TPE:1229) 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.


Lien Hwa Industrial Holding Cyclically Adjusted PS Ratio Related Terms

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Lien Hwa Industrial Holding (TPE:1229) Business Description

Traded in Other Exchanges
N/A
Address
No. 44, Section 1, Chengde Road, 6th Floor, Datong District, Taipei, TWN
Lien Hwa Industrial Holding Corp is engaged in flour production and sale, real estate rental, integrated system service, automatic system, and other electronic businesses. The company has five reportable segments. The rental business provides real property rental and development services. The noodle business manufactures and sells all kinds of noodles and processed foods. The noodle business overseas is a noodles manufacturing and sale company. The system integration service business provides the system integration service, automatic system, applied software design, and sale of industrial computers. The administrative resource center is responsible for the management of domestic/foreign investment business.

Lien Hwa Industrial Holding (TPE:1229) Headlines

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