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China Gas Holdings (China Gas Holdings) Cyclically Adjusted PS Ratio : 0.64 (As of Apr. 29, 2024)


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What is China Gas Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-29), China Gas Holdings's current share price is $0.925. China Gas Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 was $1.44. China Gas Holdings's Cyclically Adjusted PS Ratio for today is 0.64.

The historical rank and industry rank for China Gas Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

CGHOF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 3.72   Max: 6.48
Current: 0.66

During the past 13 years, China Gas Holdings's highest Cyclically Adjusted PS Ratio was 6.48. The lowest was 0.61. And the median was 3.72.

CGHOF's Cyclically Adjusted PS Ratio is ranked better than
70.07% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.26 vs CGHOF: 0.66

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.

China Gas Holdings's adjusted revenue per share data of for the fiscal year that ended in Mar23 was $2.175. 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 $1.44 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Gas Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Gas Holdings'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.

China Gas Holdings Cyclically Adjusted PS Ratio Chart

China Gas Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.20 3.60 3.79 1.04 1.00

China Gas Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 1.04 - 1.00 -

Competitive Comparison of China Gas Holdings's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Gas subindustry, China Gas Holdings'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.


China Gas Holdings's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Gas Holdings's Cyclically Adjusted PS Ratio falls into.



China Gas Holdings 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.

China Gas Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.925/1.44
=0.64

* 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.

China Gas Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar23 is calculated as:

For example, China Gas Holdings's adjusted Revenue per Share data for the fiscal year that ended in Mar23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=2.175/115.4269*115.4269
=2.175

Current CPI (Mar23) = 115.4269.

China Gas Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.672 95.749 0.810
201503 0.793 99.927 0.916
201603 0.766 102.785 0.860
201703 0.839 103.335 0.937
201803 1.327 105.973 1.445
201903 1.498 108.172 1.598
202003 1.469 110.920 1.529
202103 1.728 111.579 1.788
202203 2.051 113.558 2.085
202303 2.175 115.427 2.175

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.


China Gas Holdings  (OTCPK:CGHOF) 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.


China Gas Holdings Cyclically Adjusted PS Ratio Related Terms

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


China Gas Holdings (China Gas Holdings) Business Description

Address
151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

China Gas Holdings (China Gas Holdings) Headlines

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