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Beijing Enterprises Holdings (FRA:BJEB) Cyclically Adjusted PS Ratio : 0.46 (As of Apr. 27, 2024)


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What is Beijing Enterprises Holdings Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Beijing Enterprises Holdings's current share price is €2.98. Beijing Enterprises Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 was €6.49. Beijing Enterprises Holdings's Cyclically Adjusted PS Ratio for today is 0.46.

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

FRA:BJEB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.11   Max: 3.73
Current: 0.44

During the past 13 years, Beijing Enterprises Holdings's highest Cyclically Adjusted PS Ratio was 3.73. The lowest was 0.42. And the median was 1.11.

FRA:BJEB's Cyclically Adjusted PS Ratio is ranked better than
65.08% of 441 companies
in the Conglomerates industry
Industry Median: 0.74 vs FRA:BJEB: 0.44

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.

Beijing Enterprises Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec22 was €8.871. 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 €6.49 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Enterprises Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Beijing Enterprises 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.

Beijing Enterprises Holdings Cyclically Adjusted PS Ratio Chart

Beijing Enterprises Holdings 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 0.82 0.55 0.54 0.46 -

Beijing Enterprises Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.54 - 0.46 - -

Competitive Comparison of Beijing Enterprises Holdings's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Beijing Enterprises 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.


Beijing Enterprises Holdings's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Beijing Enterprises Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Beijing Enterprises 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.

Beijing Enterprises Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.98/6.49
=0.46

* 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.

Beijing Enterprises Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Beijing Enterprises Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=8.871/114.5475*114.5475
=8.871

Current CPI (Dec22) = 114.5475.

Beijing Enterprises Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201312 3.349 95.090 4.034
201412 3.902 99.707 4.483
201512 5.549 102.015 6.231
201612 5.398 103.225 5.990
201712 4.928 104.984 5.377
201812 6.036 107.622 6.424
201912 6.194 110.700 6.409
202012 5.748 109.711 6.001
202112 7.240 112.349 7.382
202212 8.871 114.548 8.871

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.


Beijing Enterprises Holdings  (FRA:BJEB) 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.


Beijing Enterprises Holdings Cyclically Adjusted PS Ratio Related Terms

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


Beijing Enterprises Holdings (FRA:BJEB) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Beijing Enterprises Holdings was founded in 1997 and it is the listed flagship of the Beijing municipal government. It has a diversified business portfolio with focus on public utilities, including gas distribution and transmission, sewage and water treatment, and waste-to-energy business. It also invests in an upstream Russia oil and gas company, and owns 80% of Yanjing Brewery, one of the leading domestic brewers. The business mix is approximately 70% in gas operation, with the rest in water, waste treatment, and beer businesses.

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