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. Li Ning Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$11.618. Li Ning Co's 10-Year median PS Ratio is 2.0959. Therefore, the Median PS Value for today is HK$24.35.
As of today (2024-04-29), Li Ning Co's share price is HK$20.90. Li Ning Co's Median PS Value is HK$24.35. Therefore, Li Ning Co's Price to Median PS Value for today is 0.86.
The historical rank and industry rank for Li Ning Co's Median PS Value or its related term are showing as below:
HKSE:02331'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.72 Med: 1.48 Max: 6.7
Current: 0.86
During the past 13 years, the highest Price to Median PS Value of Li Ning Co was 6.70. The lowest was 0.72. And the median was 1.48.
HKSE:02331's Price-to-Median-PS-Value is ranked better than 53.58% of 489
companies
in the Travel & Leisure industry
Industry Median: 0.89
vs HKSE:02331: 0.86
Li Ning Co Median PS Value Historical Data
The historical data trend for Li Ning Co'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 Li Ning Co's Median PS Value
For the Leisure subindustry, Li Ning Co'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.
Li Ning Co's Price-to-Median-PS-Value Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Li Ning Co's Price-to-Median-PS-Value falls into.
Li Ning Co Median PS Value Calculation
Li Ning Co's Median PS Value for today is calculated as
10-Year Median PS Ratio is 2.0959.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Li Ning Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$11.618.
* 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.
Li Ning Co (HKSE:02331) 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.
Li Ning Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
20.90
/
24.35
=
0.86
* 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.
Li Ning Co Median PS Value Related Terms
Thank you for viewing the detailed overview of Li Ning Co's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.
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