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Tat Hong Equipment Service Co (HKSE:02153) PS Ratio : 1.41 (As of Jun. 21, 2024)


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What is Tat Hong Equipment Service Co PS Ratio?

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, Tat Hong Equipment Service Co's share price is HK$0.99. Tat Hong Equipment Service Co's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was HK$0.70. Hence, Tat Hong Equipment Service Co's PS Ratio for today is 1.41.

Good Sign:

Tat Hong Equipment Service Co Ltd stock PS Ratio (=1.38) is close to 1-year low of 1.26

The historical rank and industry rank for Tat Hong Equipment Service Co's PS Ratio or its related term are showing as below:

HKSE:02153' s PS Ratio Range Over the Past 10 Years
Min: 1.13   Med: 1.44   Max: 2.41
Current: 1.38

During the past 6 years, Tat Hong Equipment Service Co's highest PS Ratio was 2.41. The lowest was 1.13. And the median was 1.44.

HKSE:02153's PS Ratio is ranked worse than
64.42% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.945 vs HKSE:02153: 1.38

Tat Hong Equipment Service Co's Revenue per Sharefor the six months ended in Sep. 2023 was HK$0.33. Its Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was HK$0.70.

Warning Sign:

Tat Hong Equipment Service Co Ltd revenue per share is in decline over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Tat Hong Equipment Service Co was -17.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was 2.10% per year. During the past 5 years, the average Revenue per Share Growth Rate was 7.80% per year.

During the past 6 years, Tat Hong Equipment Service Co's highest 3-Year average Revenue per Share Growth Rate was 20.00% per year. The lowest was 2.10% per year. And the median was 11.70% per year.

Back to Basics: PS Ratio


Tat Hong Equipment Service Co PS Ratio Historical Data

The historical data trend for Tat Hong Equipment Service Co's PS Ratio 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.

Tat Hong Equipment Service Co PS Ratio Chart

Tat Hong Equipment Service Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
PS Ratio
Get a 7-Day Free Trial - - 1.44 1.28 1.88

Tat Hong Equipment Service Co Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.28 - 1.88 -

Competitive Comparison of Tat Hong Equipment Service Co's PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Tat Hong Equipment Service 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.


Tat Hong Equipment Service Co's PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tat Hong Equipment Service Co's PS Ratio distribution charts can be found below:

* The bar in red indicates where Tat Hong Equipment Service Co's PS Ratio falls into.



Tat Hong Equipment Service 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.

Tat Hong Equipment Service Co's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=0.99/0.704
=1.41

Tat Hong Equipment Service Co's Share Price of today is HK$0.99.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Tat Hong Equipment Service Co's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was HK$0.70.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Tat Hong Equipment Service Co  (HKSE:02153) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Tat Hong Equipment Service Co PS Ratio Related Terms

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Tat Hong Equipment Service Co (HKSE:02153) Business Description

Traded in Other Exchanges
N/A
Address
No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106
Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.
Executives
Chwee Cheng & Sons Pte Ltd 2201 Interest of corporation controlled by you
Ng San Tiong 2301 Trustee
Ng San Wee 2301 Trustee
Ng Sun Ho 2301 Trustee
Tat Hong Equipment (china) Pte. Ltd. 2101 Beneficial owner
Tat Hong Holdings Ltd 2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd 2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Ng Sun Giam 2301 Trustee
Ng Sun Giam Roger 2301 Trustee
Zoomlion H.k. Holding Co., Limited 2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited 2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited 2101 Beneficial owner
Lim Hua Min 2201 Interest of corporation controlled by you

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