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Tong Ming Enterprise Co (TPE:5538) Median PS Value : NT$42.25 (As of May. 25, 2024)


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What is Tong Ming Enterprise Co Median PS Value?

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. Tong Ming Enterprise Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was NT$60.135. Tong Ming Enterprise Co's 10-Year median PS Ratio is 0.7026. Therefore, the Median PS Value for today is NT$42.25.

As of today (2024-05-25), Tong Ming Enterprise Co's share price is NT$32.15. Tong Ming Enterprise Co's Median PS Value is NT$42.25. Therefore, Tong Ming Enterprise Co's Price to Median PS Value for today is 0.76.

The historical rank and industry rank for Tong Ming Enterprise Co's Median PS Value or its related term are showing as below:

TPE:5538' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.68   Med: 0.76   Max: 0.79
Current: 0.76

During the past 13 years, the highest Price to Median PS Value of Tong Ming Enterprise Co was 0.79. The lowest was 0.68. And the median was 0.76.

TPE:5538's Price-to-Median-PS-Value is ranked better than
72.73% of 407 companies
in the Steel industry
Industry Median: 1.04 vs TPE:5538: 0.76

Tong Ming Enterprise Co Median PS Value Historical Data

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co Median PS Value Chart

Tong Ming Enterprise Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Median PS Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 45.29

Tong Ming Enterprise Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Median PS Value 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 - - 48.31 45.29 42.25

Competitive Comparison of Tong Ming Enterprise Co's Median PS Value

For the Steel subindustry, Tong Ming Enterprise 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.


Tong Ming Enterprise Co's Price-to-Median-PS-Value Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where Tong Ming Enterprise Co's Price-to-Median-PS-Value falls into.



Tong Ming Enterprise Co Median PS Value Calculation

Tong Ming Enterprise Co's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=60.135*0.7026
=42.25

10-Year Median PS Ratio is 0.7026.
Tong Ming Enterprise Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$60.135.

* 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.


Tong Ming Enterprise Co  (TPE:5538) 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.

Tong Ming Enterprise Co's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=32.15/42.25
=0.76

* 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.


Tong Ming Enterprise Co Median PS Value Related Terms

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Tong Ming Enterprise Co (TPE:5538) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co (TPE:5538) Headlines

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