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. Shandong Weigao Group Medical Polymer Co's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2023 was $1.64. Shandong Weigao Group Medical Polymer Co's 10-Year median PS Ratio is 4.2378. Therefore, the Median PS Value for today is $6.95.
As of today (2024-04-23), Shandong Weigao Group Medical Polymer Co's share price is $2.445. Shandong Weigao Group Medical Polymer Co's Median PS Value is $6.95. Therefore, Shandong Weigao Group Medical Polymer Co's Price to Median PS Value for today is 0.35.
The historical rank and industry rank for Shandong Weigao Group Medical Polymer Co's Median PS Value or its related term are showing as below:
SHWGY'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.34 Med: 0.53 Max: 1.25
Current: 0.35
During the past 13 years, the highest Price to Median PS Value of Shandong Weigao Group Medical Polymer Co was 1.25. The lowest was 0.34. And the median was 0.53.
SHWGY's Price-to-Median-PS-Value is ranked better than 85.58% of 312
companies
in the Medical Devices & Instruments industry
Industry Median: 0.77
vs SHWGY: 0.35
Shandong Weigao Group Medical Polymer Co Median PS Value Historical Data
The historical data trend for Shandong Weigao Group Medical Polymer 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.
* Premium members only.
Shandong Weigao Group Medical Polymer Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Median PS Value
6.02
7.00
8.30
6.72
-
Shandong Weigao Group Medical Polymer Co Semi-Annual Data
For the Medical Instruments & Supplies subindustry, Shandong Weigao Group Medical Polymer 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.
Shandong Weigao Group Medical Polymer Co Price-to-Median-PS-Value Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Group Medical Polymer Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Shandong Weigao Group Medical Polymer Co's Price-to-Median-PS-Value falls into.
Shandong Weigao Group Medical Polymer Co Median PS Value Calculation
Shandong Weigao Group Medical Polymer Co's Median PS Value for today is calculated as
10-Year Median PS Ratio is 4.2378.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Shandong Weigao Group Medical Polymer Co's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2023 was $1.64.
* 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.
Shandong Weigao Group Medical Polymer Co (OTCPK:SHWGY) 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.
Shandong Weigao Group Medical Polymer Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
2.445
/
6.95
=
0.35
* 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.
Shandong Weigao Group Medical Polymer Co Median PS Value Related Terms
Thank you for viewing the detailed overview of Shandong Weigao Group Medical Polymer Co's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Weigao Group Medical Polymer Co (Shandong Weigao Group Medical Polymer Co) Business Description
Shandong Weigao Group Medical Polymer Co Ltd functions in the healthcare sector in China. Its business mainly involves the research and development, production, and sale of single-use medical device products. The company's segments include Medical device products, Orthopaedic products, Interventional products, Pharma packaging products, Blood management products, and others. The company's products comprise consumables including infusion sets, syringes, medical needles, blood bags, prefilled syringes, wound management, blood sampling products; orthopedic materials, and blood purification consumables and equipment. The company operates in the People's Republic of China, the United States, Europe, the Middle East, and Africa, Asia, and others.
Shandong Weigao Group Medical Polymer Co (Shandong Weigao Group Medical Polymer Co) Headlines
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