The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, China New Town Development Co's share price is HK$0.088.
China New Town Development Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.02. Hence, China New Town Development Co's PS Ratio for today is 4.89.
Warning Sign:
China New Town Development Co Ltd stock PS Ratio (=4.61) is close to 2-year high of 4.61
The historical rank and industry rank for China New Town Development Co's PS Ratio or its related term are showing as below:
HKSE:01278'
s PS Ratio Range Over the Past 10 Years
Min: 1.56 Med: 4.48 Max: 68.75
Current: 4.87
During the past 13 years, China New Town Development Co's highest PS Ratio was 68.75. The lowest was 1.56. And the median was 4.48.
HKSE:01278's PS Ratio is ranked worse than 67.89% of 1775
companies
in the Real Estate industry
Industry Median: 2.42
vs HKSE:01278: 4.87
During the past 13 years, China New Town Development Co's highest 3-Year average Revenue per Share Growth Rate was 138.80% per year. The lowest was -65.90% per year. And the median was -16.35% per year.
Back to Basics: PS Ratio
China New Town Development Co PS Ratio Historical Data
* 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 China New Town Development Co's PS Ratio
For the Real Estate - Development subindustry, China New Town Development Co's PS Ratio, along with its competitors' market caps and PS Ratio 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.
China New Town Development Co's PS Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China New Town Development Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where China New Town Development Co's PS Ratio falls into.
China New Town Development Co PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
China New Town Development Co's Share Price of today is HK$0.088.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China New Town Development Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.02.
* 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.
It can also be calculated from the numbers for the whole company:
China New Town Development Co (HKSE:01278) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
China New Town Development Co PS Ratio Related Terms
Thank you for viewing the detailed overview of China New Town Development Co's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China New Town Development Co (HKSE:01278) Business Description
China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives major revenue from the Urbanization development segment.
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