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Jiangsu Etern Co (SHSE:600105) Cyclically Adjusted PS Ratio : 1.62 (As of Apr. 28, 2024)


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What is Jiangsu Etern Co Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Jiangsu Etern Co's current share price is ¥4.35. Jiangsu Etern Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was ¥2.69. Jiangsu Etern Co's Cyclically Adjusted PS Ratio for today is 1.62.

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

SHSE:600105' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.96   Max: 7.8
Current: 1.61

During the past years, Jiangsu Etern Co's highest Cyclically Adjusted PS Ratio was 7.80. The lowest was 1.05. And the median was 1.96.

SHSE:600105's Cyclically Adjusted PS Ratio is ranked worse than
63.05% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs SHSE:600105: 1.61

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.

Jiangsu Etern Co's adjusted revenue per share data for the three months ended in Sep. 2023 was ¥0.745. 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 ¥2.69 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Etern Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jiangsu Etern 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.

Jiangsu Etern Co Cyclically Adjusted PS Ratio Chart

Jiangsu Etern Co 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 1.72 1.89 1.61 2.24 1.33

Jiangsu Etern Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 1.27 1.33 1.73 2.83 2.29

Competitive Comparison of Jiangsu Etern Co's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Jiangsu Etern 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.


Jiangsu Etern Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu Etern Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Etern Co's Cyclically Adjusted PS Ratio falls into.



Jiangsu Etern 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.

Jiangsu Etern Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.35/2.69
=1.62

* 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.

Jiangsu Etern Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Jiangsu Etern Co's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.745/115.3387*115.3387
=0.745

Current CPI (Sep. 2023) = 115.3387.

Jiangsu Etern Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.391 97.624 0.462
201403 0.511 98.600 0.598
201406 0.307 98.200 0.361
201409 0.451 98.900 0.526
201412 0.881 99.000 1.026
201503 0.423 99.900 0.488
201506 0.432 99.500 0.501
201509 0.449 100.500 0.515
201512 0.598 100.600 0.686
201603 0.572 102.200 0.646
201606 0.540 101.400 0.614
201609 0.504 102.400 0.568
201612 0.817 102.600 0.918
201703 0.372 103.200 0.416
201706 0.366 103.100 0.409
201709 0.652 104.100 0.722
201712 0.887 104.500 0.979
201803 0.527 105.300 0.577
201806 0.589 104.900 0.648
201809 0.679 106.600 0.735
201812 0.870 106.500 0.942
201903 0.524 107.700 0.561
201906 0.910 107.700 0.975
201909 0.524 109.800 0.550
201912 0.697 111.200 0.723
202003 0.388 112.300 0.398
202006 0.618 110.400 0.646
202009 0.776 111.700 0.801
202012 0.810 111.500 0.838
202103 0.598 112.662 0.612
202106 0.817 111.769 0.843
202109 0.622 112.215 0.639
202112 0.898 113.108 0.916
202203 0.656 114.335 0.662
202206 0.677 114.558 0.682
202209 0.861 115.339 0.861
202212 0.791 115.116 0.793
202303 0.666 115.116 0.667
202306 0.687 114.558 0.692
202309 0.745 115.339 0.745

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.


Jiangsu Etern Co  (SHSE:600105) 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.


Jiangsu Etern Co Cyclically Adjusted PS Ratio Related Terms

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


Jiangsu Etern Co (SHSE:600105) Business Description

Traded in Other Exchanges
N/A
Address
Fenhu Economic Development Zone, Luxu Town, Wujiang, Jiangsu, CHN, 215211
Jiangsu Etern Co Ltd is a China-based company operating in the communication industry. It is engaged in providing optical fiber optic cable, wires, and cables, special optical cable, optical devices, communication devices and equipment, communication large data and engineering services, system integration solutions in the communications industry chain.

Jiangsu Etern Co (SHSE:600105) Headlines

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