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Fanhua (Fanhua) Cyclically Adjusted PS Ratio : 0.36 (As of May. 22, 2024)


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What is Fanhua Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Fanhua's current share price is $3.26. Fanhua's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $9.18. Fanhua's Cyclically Adjusted PS Ratio for today is 0.36.

The historical rank and industry rank for Fanhua's Cyclically Adjusted PS Ratio or its related term are showing as below:

FANH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.48   Max: 4.76
Current: 0.36

During the past years, Fanhua's highest Cyclically Adjusted PS Ratio was 4.76. The lowest was 0.36. And the median was 1.48.

FANH's Cyclically Adjusted PS Ratio is ranked better than
86.04% of 394 companies
in the Insurance industry
Industry Median: 1.05 vs FANH: 0.36

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.

Fanhua's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.567. 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 $9.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fanhua Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fanhua'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.

Fanhua Cyclically Adjusted PS Ratio Chart

Fanhua 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 2.89 1.27 0.72 0.82 0.72

Fanhua Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.82 0.95 0.90 0.78 0.72

Competitive Comparison of Fanhua's Cyclically Adjusted PS Ratio

For the Insurance Brokers subindustry, Fanhua'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.


Fanhua's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fanhua's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fanhua's Cyclically Adjusted PS Ratio falls into.



Fanhua 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.

Fanhua's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.26/9.18
=0.36

* 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.

Fanhua's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fanhua's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.567/114.7809*114.7809
=1.567

Current CPI (Dec. 2023) = 114.7809.

Fanhua Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.505 98.600 1.752
201406 1.624 98.200 1.898
201409 1.758 98.900 2.040
201412 1.973 99.000 2.288
201503 1.546 99.900 1.776
201506 1.798 99.500 2.074
201509 1.875 100.500 2.141
201512 1.262 100.600 1.440
201603 2.322 102.200 2.608
201606 2.681 101.400 3.035
201609 2.949 102.400 3.306
201612 2.183 102.600 2.442
201703 3.189 103.200 3.547
201706 2.308 103.100 2.569
201709 2.546 104.100 2.807
201712 1.629 104.500 1.789
201803 2.049 105.300 2.233
201806 2.311 104.900 2.529
201809 1.758 106.600 1.893
201812 2.395 106.500 2.581
201903 2.577 107.700 2.746
201906 2.372 107.700 2.528
201909 2.148 109.800 2.245
201912 2.687 111.200 2.774
202003 1.916 112.300 1.958
202006 2.317 110.400 2.409
202009 2.220 111.700 2.281
202012 2.425 111.500 2.496
202103 3.131 112.662 3.190
202106 1.999 111.769 2.053
202109 1.971 112.215 2.016
202112 2.346 113.108 2.381
202203 2.015 114.335 2.023
202206 1.955 114.558 1.959
202209 1.657 115.339 1.649
202212 2.048 115.116 2.042
202303 2.236 115.116 2.229
202306 2.927 114.558 2.933
202309 1.620 115.339 1.612
202312 1.567 114.781 1.567

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.


Fanhua  (NAS:FANH) 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.


Fanhua Cyclically Adjusted PS Ratio Related Terms

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


Fanhua (Fanhua) Business Description

Industry
Traded in Other Exchanges
Address
No.15 West Zhujiang Road, 60th Floor, Pearl River Tower, Guangdong, Guangzhou, CHN, 510623
Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through their online platforms Lan Zhanggui, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and P&C insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.