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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Shiller PE Ratio Chart
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Annual Data
* 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.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Shiller PE Ratio Distribution in the Real Estate Industry
* The bar in red indicates where Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Shiller PE Ratio falls into.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate Shiller PE Ratio for this company.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Business Description
Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd is engaged in an established measuring and cutting tools trading centre operator in China. The principal activity and source of revenue of the group were primarily derived from the property leasing business through the operation of the Trading Centre for the measuring and cutting tools industry. The group also engages in real estate investment, development and management business through its material subsidiary, Wenling Sunrise Real Estate Development Co., Ltd.
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