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China Fortune Land Development Co (SHSE:600340) Cyclically Adjusted PS Ratio : 0.07 (As of Apr. 29, 2024)


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What is China Fortune Land Development Co Cyclically Adjusted PS Ratio?

As of today (2024-04-29), China Fortune Land Development Co's current share price is ¥1.18. China Fortune Land Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was ¥16.31. China Fortune Land Development Co's Cyclically Adjusted PS Ratio for today is 0.07.

The historical rank and industry rank for China Fortune Land Development Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600340' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 2.66   Max: 9.3
Current: 0.07

During the past years, China Fortune Land Development Co's highest Cyclically Adjusted PS Ratio was 9.30. The lowest was 0.07. And the median was 2.66.

SHSE:600340's Cyclically Adjusted PS Ratio is ranked better than
95.67% of 1362 companies
in the Real Estate industry
Industry Median: 1.715 vs SHSE:600340: 0.07

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 Fortune Land Development Co's adjusted revenue per share data for the three months ended in Sep. 2023 was ¥1.760. 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 ¥16.31 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Fortune Land Development Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Fortune Land Development 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.

China Fortune Land Development Co Cyclically Adjusted PS Ratio Chart

China Fortune Land Development 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 2.25 1.89 0.88 0.23 0.15

China Fortune Land Development 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 0.15 0.15 0.15 0.14 0.13

Competitive Comparison of China Fortune Land Development Co's Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, China Fortune Land Development 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.


China Fortune Land Development Co's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's Cyclically Adjusted PS Ratio falls into.



China Fortune Land Development 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.

China Fortune Land Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.18/16.31
=0.07

* 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 Fortune Land Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, China Fortune Land Development 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)
=1.76/115.3387*115.3387
=1.760

Current CPI (Sep. 2023) = 115.3387.

China Fortune Land Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 2.099 97.624 2.480
201403 0.920 98.600 1.076
201406 2.389 98.200 2.806
201409 1.911 98.900 2.229
201412 2.599 99.000 3.028
201503 0.945 99.900 1.091
201506 4.035 99.500 4.677
201509 2.368 100.500 2.718
201512 3.849 100.600 4.413
201603 1.290 102.200 1.456
201606 3.397 101.400 3.864
201609 2.081 102.400 2.344
201612 7.374 102.600 8.290
201703 2.019 103.200 2.256
201706 3.802 103.100 4.253
201709 2.153 104.100 2.385
201712 7.006 104.500 7.733
201803 2.361 105.300 2.586
201806 6.394 104.900 7.030
201809 2.512 106.600 2.718
201812 9.529 106.500 10.320
201903 2.591 107.700 2.775
201906 7.079 107.700 7.581
201909 6.380 109.800 6.702
201912 9.834 111.200 10.200
202003 6.422 112.300 6.596
202006 5.905 110.400 6.169
202009 4.840 111.700 4.998
202012 13.589 111.500 14.057
202103 2.332 112.662 2.387
202106 3.427 111.769 3.536
202109 2.051 112.215 2.108
202112 3.259 113.108 3.323
202203 1.070 114.335 1.079
202206 2.691 114.558 2.709
202209 1.902 115.339 1.902
202212 2.660 115.116 2.665
202303 1.512 115.116 1.515
202306 1.249 114.558 1.258
202309 1.760 115.339 1.760

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 Fortune Land Development Co  (SHSE:600340) 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 Fortune Land Development Co Cyclically Adjusted PS Ratio Related Terms

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


China Fortune Land Development Co (SHSE:600340) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027
China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

China Fortune Land Development Co (SHSE:600340) Headlines

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