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Kweichow Moutai Co (SHSE:600519) Cyclically Adjusted PS Ratio : 23.99 (As of May. 03, 2024)


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What is Kweichow Moutai Co Cyclically Adjusted PS Ratio?

As of today (2024-05-03), Kweichow Moutai Co's current share price is ¥1705.00. Kweichow Moutai Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥71.07. Kweichow Moutai Co's Cyclically Adjusted PS Ratio for today is 23.99.

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

SHSE:600519' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.99   Med: 26.63   Max: 60.24
Current: 23.99

During the past years, Kweichow Moutai Co's highest Cyclically Adjusted PS Ratio was 60.24. The lowest was 8.99. And the median was 26.63.

SHSE:600519's Cyclically Adjusted PS Ratio is ranked worse than
99.4% of 167 companies
in the Beverages - Alcoholic industry
Industry Median: 1.8 vs SHSE:600519: 23.99

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.

Kweichow Moutai Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥37.010. 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 ¥71.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kweichow Moutai Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kweichow Moutai 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.

Kweichow Moutai Co Cyclically Adjusted PS Ratio Chart

Kweichow Moutai Co 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 32.44 46.27 40.39 29.14 25.36

Kweichow Moutai 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 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 29.49 26.72 27.38 25.36 23.96

Competitive Comparison of Kweichow Moutai Co's Cyclically Adjusted PS Ratio

For the Beverages - Wineries & Distilleries subindustry, Kweichow Moutai 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.


Kweichow Moutai Co's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kweichow Moutai Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kweichow Moutai 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.

Kweichow Moutai Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1705.00/71.07
=23.99

* 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.

Kweichow Moutai Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kweichow Moutai 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)
=37.01/114.6694*114.6694
=37.010

Current CPI (Mar. 2024) = 114.6694.

Kweichow Moutai Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.597 98.200 6.536
201409 6.023 98.900 6.983
201412 8.004 99.000 9.271
201503 6.964 99.900 7.994
201506 5.920 99.500 6.823
201509 6.019 100.500 6.868
201512 7.740 100.600 8.822
201603 8.156 102.200 9.151
201606 6.765 101.400 7.650
201609 7.011 102.400 7.851
201612 10.062 102.600 11.246
201703 11.066 103.200 12.296
201706 9.235 103.100 10.271
201709 15.116 104.100 16.651
201712 13.199 104.500 14.483
201803 14.639 105.300 15.942
201806 13.424 104.900 14.674
201809 15.696 106.600 16.884
201812 17.684 106.500 19.041
201903 17.890 107.700 19.048
201906 14.881 107.700 15.844
201909 17.777 109.800 18.565
201912 20.179 111.200 20.809
202003 20.132 112.300 20.557
202006 16.190 110.400 16.816
202009 19.066 111.700 19.573
202012 22.609 111.500 23.252
202103 22.344 112.662 22.742
202106 18.041 111.769 18.509
202109 20.961 112.215 21.419
202112 25.788 113.108 26.144
202203 26.423 114.335 26.500
202206 20.903 114.558 20.923
202209 24.140 115.339 24.000
202212 30.086 115.116 29.969
202303 31.341 115.116 31.220
202306 25.163 114.558 25.188
202309 27.327 115.339 27.168
202312 36.017 114.669 36.017
202403 37.010 114.669 37.010

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.


Kweichow Moutai Co  (SHSE:600519) 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.


Kweichow Moutai Co Cyclically Adjusted PS Ratio Related Terms

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Kweichow Moutai Co (SHSE:600519) Business Description

Traded in Other Exchanges
N/A
Address
Guizhou Province, Maotai Town, Renhuai, CHN, 564501
Kweichow Moutai is one of China's leading liquor producers. The company was established in 1951 and its headquarters is located in Moutai Town, Guizhou province, southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Given its remarkable pricing power, premium product quality, and unparalleled brand strength, the company achieves the industry's highest retail prices and profit margins.

Kweichow Moutai Co (SHSE:600519) Headlines

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