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China Merchants Energy Shipping Co (SHSE:601872) Cyclically Adjusted PS Ratio : 3.91 (As of Jun. 02, 2024)


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What is China Merchants Energy Shipping Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), China Merchants Energy Shipping Co's current share price is ¥8.87. China Merchants Energy Shipping Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.27. China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio for today is 3.91.

The historical rank and industry rank for China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:601872' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.36   Med: 3.91   Max: 9.27
Current: 3.91

During the past years, China Merchants Energy Shipping Co's highest Cyclically Adjusted PS Ratio was 9.27. The lowest was 2.36. And the median was 3.91.

SHSE:601872's Cyclically Adjusted PS Ratio is ranked worse than
88.87% of 755 companies
in the Oil & Gas industry
Industry Median: 0.89 vs SHSE:601872: 3.91

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

China Merchants Energy Shipping Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.773. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ¥2.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Merchants Energy Shipping Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Merchants Energy Shipping Co's Cyclically Adjusted 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.

China Merchants Energy Shipping Co Cyclically Adjusted PS Ratio Chart

China Merchants Energy Shipping Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 3.44 2.51 2.89 2.68

China Merchants Energy Shipping Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 3.52 2.82 3.02 2.68 3.51

Competitive Comparison of China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio

For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted 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 Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio falls into.



China Merchants Energy Shipping Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.87/2.27
=3.91

* 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.

China Merchants Energy Shipping Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Merchants Energy Shipping Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.773/115.2271*115.2271
=0.773

Current CPI (Mar. 2024) = 115.2271.

China Merchants Energy Shipping Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.091 98.200 0.107
201409 0.101 98.900 0.118
201412 0.120 99.000 0.140
201503 0.303 99.900 0.349
201506 0.268 99.500 0.310
201509 0.339 100.500 0.389
201512 0.267 100.600 0.306
201603 0.315 102.200 0.355
201606 0.285 101.400 0.324
201609 0.205 102.400 0.231
201612 0.247 102.600 0.277
201703 0.291 103.200 0.325
201706 0.237 103.100 0.265
201709 0.353 104.100 0.391
201712 0.260 104.500 0.287
201803 0.259 105.300 0.283
201806 0.362 104.900 0.398
201809 0.369 106.600 0.399
201812 0.369 106.500 0.399
201903 0.526 107.700 0.563
201906 0.469 107.700 0.502
201909 0.880 109.800 0.923
201912 0.700 111.200 0.725
202003 0.566 112.300 0.581
202006 1.008 110.400 1.052
202009 0.566 111.700 0.584
202012 1.121 111.500 1.158
202103 0.696 112.662 0.712
202106 0.852 111.769 0.878
202109 0.949 112.215 0.974
202112 0.768 113.108 0.782
202203 0.747 114.335 0.753
202206 0.966 114.558 0.972
202209 0.968 115.339 0.967
202212 0.884 115.116 0.885
202303 0.734 115.116 0.735
202306 0.858 114.558 0.863
202309 0.735 115.339 0.734
202312 0.887 114.781 0.890
202403 0.773 115.227 0.773

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


China Merchants Energy Shipping Co  (SHSE:601872) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


China Merchants Energy Shipping Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of China Merchants Energy Shipping Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


China Merchants Energy Shipping Co (SHSE:601872) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.
Executives
Hu Bin senior management
Deng Wei Dong Director
Wang Yong Xin Directors, senior managers
Xu Hui senior management
Kong Kang senior management
Yan Wu Shan senior management
Su Xin Gang Director
Ding Lei senior management
Xie Chun Lin Director
Song De Xing Director
Lv Sheng Zhou Director

China Merchants Energy Shipping Co (SHSE:601872) Headlines

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