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China Yangtze Power Co (FRA:CYZB) Cyclically Adjusted PS Ratio : 10.10 (As of Jun. 02, 2024)


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What is China Yangtze Power Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), China Yangtze Power Co's current share price is €31.60. China Yangtze Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.13. China Yangtze Power Co's Cyclically Adjusted PS Ratio for today is 10.10.

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

FRA:CYZB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.42   Med: 9.1   Max: 12.7
Current: 10.15

During the past years, China Yangtze Power Co's highest Cyclically Adjusted PS Ratio was 12.70. The lowest was 5.42. And the median was 9.10.

FRA:CYZB's Cyclically Adjusted PS Ratio is ranked worse than
92.34% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.83 vs FRA:CYZB: 10.15

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 Yangtze Power Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.817. 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 €3.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Yangtze Power Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Yangtze Power 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 Yangtze Power Co Cyclically Adjusted PS Ratio Chart

China Yangtze Power 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 8.87 8.83 9.90 8.66 9.07

China Yangtze Power 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 8.62 8.91 8.77 9.07 9.51

Competitive Comparison of China Yangtze Power Co's Cyclically Adjusted PS Ratio

For the Utilities - Independent Power Producers subindustry, China Yangtze Power 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 Yangtze Power Co's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Yangtze Power Co's Cyclically Adjusted PS Ratio falls into.



China Yangtze Power 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 Yangtze Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.60/3.13
=10.10

* 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 Yangtze Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Yangtze Power 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)
=0.817/115.2271*115.2271
=0.817

Current CPI (Mar. 2024) = 115.2271.

China Yangtze Power Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.439 98.200 0.515
201409 0.837 98.900 0.975
201412 0.498 99.000 0.580
201503 0.343 99.900 0.396
201506 1.040 99.500 1.204
201509 1.452 100.500 1.665
201512 0.576 100.600 0.660
201603 0.492 102.200 0.555
201606 0.751 101.400 0.853
201609 1.043 102.400 1.174
201612 0.728 102.600 0.818
201703 0.484 103.200 0.540
201706 0.680 103.100 0.760
201709 1.042 104.100 1.153
201712 0.752 104.500 0.829
201803 0.475 105.300 0.520
201806 0.666 104.900 0.732
201809 1.128 106.600 1.219
201812 0.705 106.500 0.763
201903 0.516 107.700 0.552
201906 0.686 107.700 0.734
201909 1.028 109.800 1.079
201912 0.687 111.200 0.712
202003 0.491 112.300 0.504
202006 0.657 110.400 0.686
202009 1.300 111.700 1.341
202012 0.825 111.500 0.853
202103 0.503 112.662 0.514
202106 0.627 111.769 0.646
202109 1.189 112.215 1.221
202112 0.929 113.108 0.946
202203 0.744 114.335 0.750
202206 1.071 114.558 1.077
202209 1.271 115.339 1.270
202212 0.874 115.116 0.875
202303 0.882 115.116 0.883
202306 0.794 114.558 0.799
202309 1.411 115.339 1.410
202312 1.063 114.781 1.067
202403 0.817 115.227 0.817

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 Yangtze Power Co  (FRA:CYZB) 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 Yangtze Power Co Cyclically Adjusted PS Ratio Related Terms

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


China Yangtze Power Co (FRA:CYZB) Business Description

Traded in Other Exchanges
Address
No. 19, Financial Street, Tower B, Focus Place, Xicheng District, Beijing, CHN, 100033
China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has expanded its business to countries such as Germany, Peru, Brazil, and Malaysia. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.

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