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Jiangsufety Group Co (SHSE:603028) Cyclically Adjusted PS Ratio : (As of Apr. 27, 2024)


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What is Jiangsufety Group Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsufety Group Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jiangsufety Group 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.

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Jiangsufety Group Co Cyclically Adjusted PS Ratio Chart

Jiangsufety Group 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 - 3.05 4.77 3.26 -

Jiangsufety Group 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 - - - - -

Competitive Comparison of Jiangsufety Group Co's Cyclically Adjusted PS Ratio

For the Steel subindustry, Jiangsufety Group 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.


Jiangsufety Group Co's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsufety Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Jiangsufety Group 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.

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

For example, Jiangsufety Group 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)
=0.922/114.6694*114.6694
=0.922

Current CPI (Mar. 2024) = 114.6694.

Jiangsufety Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201503 0.443 99.900 0.508
201506 0.880 99.500 1.014
201509 0.643 100.500 0.734
201512 0.669 100.600 0.763
201603 0.389 102.200 0.436
201606 0.555 101.400 0.628
201609 0.537 102.400 0.601
201612 0.441 102.600 0.493
201703 0.392 103.200 0.436
201706 0.575 103.100 0.640
201709 0.514 104.100 0.566
201712 0.525 104.500 0.576
201803 0.415 105.300 0.452
201806 0.509 104.900 0.556
201809 0.619 106.600 0.666
201812 0.236 106.500 0.254
201903 0.425 107.700 0.453
201906 0.668 107.700 0.711
201909 0.600 109.800 0.627
201912 0.552 111.200 0.569
202003 0.300 112.300 0.306
202006 0.900 110.400 0.935
202009 0.986 111.700 1.012
202012 1.009 111.500 1.038
202103 0.882 112.662 0.898
202106 0.706 111.769 0.724
202109 1.039 112.215 1.062
202112 1.009 113.108 1.023
202203 0.552 114.335 0.554
202206 0.895 114.558 0.896
202209 0.488 115.339 0.485
202212 0.835 115.116 0.832
202303 1.172 115.116 1.167
202306 2.102 114.558 2.104
202309 1.342 115.339 1.334
202312 0.980 114.669 0.980
202403 0.922 114.669 0.922

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.


Jiangsufety Group Co  (SHSE:603028) 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.


Jiangsufety Group Co Cyclically Adjusted PS Ratio Related Terms

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Jiangsufety Group Co (SHSE:603028) Business Description

Traded in Other Exchanges
N/A
Address
No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192
Jiangsu Safety Wire Rope Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Jiangsufety Group Co (SHSE:603028) Headlines

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