Jiangsu Bide Science And Technology Co (SHSE:605298) Cyclically Adjusted PS Ratio : 2.57 (As of May. 23, 2024)

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What is Jiangsu Bide Science And Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Jiangsu Bide Science And Technology Co's current share price is ¥11.80. Jiangsu Bide Science And Technology Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ¥4.59. Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio for today is 2.57.

The historical rank and industry rank for Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:605298' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.86 Med: 2.86 Max: 3.43
Current: 2.58

During the past 10 years, Jiangsu Bide Science And Technology Co's highest Cyclically Adjusted PS Ratio was 3.43. The lowest was 1.86. And the median was 2.86.

SHSE:605298's Cyclically Adjusted PS Ratio is ranked worse than
79.97% of 739 companies
in the Transportation industry
Industry Median: 0.84 vs SHSE:605298: 2.58

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.

Jiangsu Bide Science And Technology Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ¥2.387. 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 ¥4.59 for the trailing ten years ended in Dec23.

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Jiangsu Bide Science And Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jiangsu Bide Science And Technology 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.

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Jiangsu Bide Science And Technology Co Cyclically Adjusted PS Ratio Chart

Jiangsu Bide Science And Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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3.39

Jiangsu Bide Science And Technology Co Quarterly Data
	Dec17	Dec18	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															-	-	-	3.39	-

Competitive Comparison of Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio

For the Railroads subindustry, Jiangsu Bide Science And Technology 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.

Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio falls into.

Jiangsu Bide Science And Technology 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.

Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	11.80	/	4.59
	=	2.57

Jiangsu Bide Science And Technology Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Jiangsu Bide Science And Technology Co's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	2.387	/	114.7809	*	114.7809
	=	2.387

Current CPI (Dec23) = 114.7809.

Jiangsu Bide Science And Technology Co Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	12.308	97.624	14.471
201412	8.474	99.000	9.825
201612	1.951	102.600	2.183
201712	2.714	104.500	2.981
201812	3.493	106.500	3.765
201912	2.971	111.200	3.067
202012	3.300	111.500	3.397
202112	2.206	113.108	2.239
202212	1.618	115.116	1.613
202312	2.387	114.781	2.387

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.

Jiangsu Bide Science And Technology Co (SHSE:605298) 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.

Jiangsu Bide Science And Technology Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Jiangsu Bide Science And Technology Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Bide Science And Technology Co (SHSE:605298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Bide Science And Technology Co Ltd (SHSE:605298) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

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Address

No. 27, Yuexiang Road, Yuecheng Town, Jiangsu Province, Jiangyin City, CHN, 214404

Website

http://www.bidekeji.com

Jiangsu Bide Science Shares Co Ltd is engaged in the research and development, production and sales of railway passenger car and vehicle accessories. The company's products mainly include accessories such as cable protection, air conditioning, ventilation, and sand-spreading devices for motor vehicle. The product application range covers high-speed EMUs, urban rail subways, railway passenger cars, special vehicles and others.

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