This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Hang Seng Bank's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$21.515. Hang Seng Bank's 10-Year median PS Ratio is 5.8155. Therefore, the Median PS Value for today is HK$125.12.
As of today (2024-05-04), Hang Seng Bank's share price is HK$105.00. Hang Seng Bank's Median PS Value is HK$125.12. Therefore, Hang Seng Bank's Price to Median PS Value for today is 0.84.
The historical rank and industry rank for Hang Seng Bank's Median PS Value or its related term are showing as below:
HKSE:00011'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.66 Med: 0.83 Max: 1.19
Current: 0.84
During the past 13 years, the highest Price to Median PS Value of Hang Seng Bank was 1.19. The lowest was 0.66. And the median was 0.83.
HKSE:00011's Price-to-Median-PS-Value is ranked better than 52.63% of 952
companies
in the Banks industry
Industry Median: 0.86
vs HKSE:00011: 0.84
Hang Seng Bank Median PS Value Historical Data
The historical data trend for Hang Seng Bank's Median PS Value 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.
Competitive Comparison of Hang Seng Bank's Median PS Value
For the Banks - Regional subindustry, Hang Seng Bank's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Hang Seng Bank's Price-to-Median-PS-Value Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Hang Seng Bank's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Hang Seng Bank's Price-to-Median-PS-Value falls into.
Hang Seng Bank Median PS Value Calculation
Hang Seng Bank's Median PS Value for today is calculated as
10-Year Median PS Ratio is 5.8155.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hang Seng Bank's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$21.515.
* 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.
Hang Seng Bank (HKSE:00011) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Hang Seng Bank's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
105.00
/
125.12
=
0.84
* 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.
Hang Seng Bank Median PS Value Related Terms
Thank you for viewing the detailed overview of Hang Seng Bank's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments, retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.
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