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New Hope Liuhe Co (SZSE:000876) Cyclically Adjusted PS Ratio : 0.38 (As of Apr. 28, 2024)


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What is New Hope Liuhe Co Cyclically Adjusted PS Ratio?

As of today (2024-04-28), New Hope Liuhe Co's current share price is ¥9.25. New Hope Liuhe Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was ¥24.11. New Hope Liuhe Co's Cyclically Adjusted PS Ratio for today is 0.38.

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

SZSE:000876' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.59   Max: 1.84
Current: 0.38

During the past years, New Hope Liuhe Co's highest Cyclically Adjusted PS Ratio was 1.84. The lowest was 0.31. And the median was 0.59.

SZSE:000876's Cyclically Adjusted PS Ratio is ranked better than
72.94% of 1356 companies
in the Consumer Packaged Goods industry
Industry Median: 0.79 vs SZSE:000876: 0.38

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.

New Hope Liuhe Co's adjusted revenue per share data for the three months ended in Sep. 2023 was ¥8.479. 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 ¥24.11 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


New Hope Liuhe Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for New Hope Liuhe 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.

New Hope Liuhe Co Cyclically Adjusted PS Ratio Chart

New Hope Liuhe 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 0.39 0.95 1.05 0.70 0.55

New Hope Liuhe 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 0.61 0.55 0.56 0.49 0.46

Competitive Comparison of New Hope Liuhe Co's Cyclically Adjusted PS Ratio

For the Farm Products subindustry, New Hope Liuhe 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.


New Hope Liuhe Co's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Liuhe Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where New Hope Liuhe Co's Cyclically Adjusted PS Ratio falls into.



New Hope Liuhe 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.

New Hope Liuhe Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.25/24.11
=0.38

* 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.

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

For example, New Hope Liuhe 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)
=8.479/115.3387*115.3387
=8.479

Current CPI (Sep. 2023) = 115.3387.

New Hope Liuhe Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 5.307 97.624 6.270
201403 4.166 98.600 4.873
201406 5.136 98.200 6.032
201409 5.154 98.900 6.011
201412 4.518 99.000 5.264
201503 3.198 99.900 3.692
201506 7.890 99.500 9.146
201509 8.030 100.500 9.216
201512 3.581 100.600 4.106
201603 2.969 102.200 3.351
201606 3.621 101.400 4.119
201609 4.120 102.400 4.641
201612 3.841 102.600 4.318
201703 3.431 103.200 3.835
201706 3.684 103.100 4.121
201709 3.778 104.100 4.186
201712 3.940 104.500 4.349
201803 3.434 105.300 3.761
201806 4.059 104.900 4.463
201809 4.439 106.600 4.803
201812 4.298 106.500 4.655
201903 3.892 107.700 4.168
201906 4.706 107.700 5.040
201909 5.156 109.800 5.416
201912 6.162 111.200 6.391
202003 4.931 112.300 5.064
202006 5.656 110.400 5.909
202009 7.363 111.700 7.603
202012 7.963 111.500 8.237
202103 4.274 112.662 4.376
202106 7.373 111.769 7.608
202109 7.612 112.215 7.824
202112 7.123 113.108 7.263
202203 6.764 114.335 6.823
202206 7.229 114.558 7.278
202209 8.639 115.339 8.639
202212 14.083 115.116 14.110
202303 7.643 115.116 7.658
202306 7.957 114.558 8.011
202309 8.479 115.339 8.479

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.


New Hope Liuhe Co  (SZSE:000876) 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.


New Hope Liuhe Co Cyclically Adjusted PS Ratio Related Terms

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


New Hope Liuhe Co (SZSE:000876) Business Description

Traded in Other Exchanges
N/A
Address
Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006
New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

New Hope Liuhe Co (SZSE:000876) Headlines

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