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. Honghua Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.891. Honghua Group's 10-Year median PS Ratio is 0.3255. Therefore, the Median PS Value for today is HK$0.29.
As of today (2024-06-20), Honghua Group's share price is HK$0.092. Honghua Group's Median PS Value is HK$0.29. Therefore, Honghua Group's Price to Median PS Value for today is 0.32.
The historical rank and industry rank for Honghua Group's Median PS Value or its related term are showing as below:
HKSE:00196'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.31 Med: 0.54 Max: 1.26
Current: 0.32
During the past 13 years, the highest Price to Median PS Value of Honghua Group was 1.26. The lowest was 0.31. And the median was 0.54.
HKSE:00196's Price-to-Median-PS-Value is ranked better than 91.46% of 574
companies
in the Oil & Gas industry
Industry Median: 0.88
vs HKSE:00196: 0.32
Honghua Group Median PS Value Historical Data
The historical data trend for Honghua Group'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 Honghua Group's Median PS Value
For the Oil & Gas Equipment & Services subindustry, Honghua Group'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.
Honghua Group's Price-to-Median-PS-Value Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Honghua Group's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Honghua Group's Price-to-Median-PS-Value falls into.
Honghua Group Median PS Value Calculation
Honghua Group's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.3255.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Honghua Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.891.
* 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.
Honghua Group (HKSE:00196) 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.
Honghua Group's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
0.092
/
0.29
=
0.32
* 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.
Honghua Group Median PS Value Related Terms
Thank you for viewing the detailed overview of Honghua Group's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.
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