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SPIC Industry-Finance Holdings Co (SZSE:000958) Cyclically Adjusted Revenue per Share : ¥2.82 (As of Mar. 2024)


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What is SPIC Industry-Finance Holdings Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

SPIC Industry-Finance Holdings Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.288. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ¥2.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SPIC Industry-Finance Holdings Co's average Cyclically Adjusted Revenue Growth Rate was -0.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of SPIC Industry-Finance Holdings Co was 8.50% per year. The lowest was -0.60% per year. And the median was 5.90% per year.

As of today (2024-05-14), SPIC Industry-Finance Holdings Co's current stock price is ¥4.27. SPIC Industry-Finance Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.82. SPIC Industry-Finance Holdings Co's Cyclically Adjusted PS Ratio of today is 1.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SPIC Industry-Finance Holdings Co was 9.60. The lowest was 1.06. And the median was 1.71.


SPIC Industry-Finance Holdings Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SPIC Industry-Finance Holdings Co's Cyclically Adjusted Revenue per Share 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.

SPIC Industry-Finance Holdings Co Cyclically Adjusted Revenue per Share Chart

SPIC Industry-Finance Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.90 2.87 2.88 2.87 2.82

SPIC Industry-Finance Holdings 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 Revenue per Share 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 2.83 2.82 2.85 2.82 2.82

Competitive Comparison of SPIC Industry-Finance Holdings Co's Cyclically Adjusted Revenue per Share

For the Utilities - Regulated Electric subindustry, SPIC Industry-Finance Holdings 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.


SPIC Industry-Finance Holdings Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPIC Industry-Finance Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SPIC Industry-Finance Holdings Co's Cyclically Adjusted PS Ratio falls into.



SPIC Industry-Finance Holdings Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, SPIC Industry-Finance Holdings 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)
=0.288/114.6694*114.6694
=0.288

Current CPI (Mar. 2024) = 114.6694.

SPIC Industry-Finance Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.181 98.200 0.211
201409 0.105 98.900 0.122
201412 2.114 99.000 2.449
201503 0.788 99.900 0.904
201506 0.516 99.500 0.595
201509 0.423 100.500 0.483
201512 0.596 100.600 0.679
201603 0.673 102.200 0.755
201606 0.862 101.400 0.975
201609 0.908 102.400 1.017
201612 1.396 102.600 1.560
201703 0.753 103.200 0.837
201706 0.575 103.100 0.640
201709 0.787 104.100 0.867
201712 0.643 104.500 0.706
201803 0.822 105.300 0.895
201806 0.534 104.900 0.584
201809 0.814 106.600 0.876
201812 1.919 106.500 2.066
201903 0.501 107.700 0.533
201906 2.241 107.700 2.386
201909 0.487 109.800 0.509
201912 0.683 111.200 0.704
202003 0.479 112.300 0.489
202006 0.531 110.400 0.552
202009 0.665 111.700 0.683
202012 0.864 111.500 0.889
202103 0.523 112.662 0.532
202106 0.447 111.769 0.459
202109 0.320 112.215 0.327
202112 0.355 113.108 0.360
202203 0.336 114.335 0.337
202206 0.239 114.558 0.239
202209 0.242 115.339 0.241
202212 0.318 115.116 0.317
202303 0.294 115.116 0.293
202306 0.247 114.558 0.247
202309 0.254 115.339 0.253
202312 0.333 114.669 0.333
202403 0.288 114.669 0.288

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


SPIC Industry-Finance Holdings Co  (SZSE:000958) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

SPIC Industry-Finance Holdings Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.27/2.82
=1.51

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SPIC Industry-Finance Holdings Co was 9.60. The lowest was 1.06. And the median was 1.71.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


SPIC Industry-Finance Holdings Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of SPIC Industry-Finance Holdings Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SPIC Industry-Finance Holdings Co (SZSE:000958) Business Description

Traded in Other Exchanges
N/A
Address
No. 161 Jianhua South Street, Hebei Province, Shijiazhuang, CHN, 050031
SPIC Industry-Finance Holdings Co Ltd is engaged in the generation and distribution of heat, steam, and electricity for industrial, commercial and residential purposes.

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