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, Changgao Electric Group Co's share price is ¥7.23.
Changgao Electric Group Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2024 was ¥2.83. Hence, Changgao Electric Group Co's PS Ratio for today is 2.56.
Good Sign:
Changgao Electric Group Co Ltd stock PS Ratio (=2.55) is close to 1-year low of 2.45.
The historical rank and industry rank for Changgao Electric Group Co's PS Ratio or its related term are showing as below:
SZSE:002452'
s PS Ratio Range Over the Past 10 Years
Min: 1.46 Med: 2.81 Max: 15.91
Current: 2.56
During the past 13 years, Changgao Electric Group Co's highest PS Ratio was 15.91. The lowest was 1.46. And the median was 2.81.
SZSE:002452's PS Ratio is ranked worse than 66.83% of 2973
companies
in the Industrial Products industry
Industry Median: 1.67
vs SZSE:002452: 2.56
During the past 12 months, the average Revenue per Share Growth Rate of Changgao Electric Group Co was 17.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 1.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 1.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.50% per year.
During the past 13 years, Changgao Electric Group Co's highest 3-Year average Revenue per Share Growth Rate was 43.20% per year. The lowest was -13.40% per year. And the median was 3.30% per year.
Back to Basics: PS Ratio
Changgao Electric Group 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 Changgao Electric Group Co's PS Ratio
For the Specialty Industrial Machinery subindustry, Changgao Electric Group 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.
Changgao Electric Group Co's PS Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changgao Electric Group Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Changgao Electric Group Co's PS Ratio falls into.
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.
Changgao Electric Group Co's Share Price of today is ¥7.23. Changgao Electric Group Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2.83.
* 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:
Changgao Electric Group Co (SZSE:002452) 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.
Changgao Electric Group Co PS Ratio Related Terms
Thank you for viewing the detailed overview of Changgao Electric Group Co's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Changgao Electric Group Co Ltd is engaged in power equipment manufacturing, engineering services, new energy vehicle operation, and power trading operations. The products of the company include gas insulated metal enclosed switchgear, tank circuit breaker, and combined substation.
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