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Jiangsu Expressway Co (HKSE:00177) Cyclically Adjusted PS Ratio : 5.15 (As of Jun. 02, 2024)


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What is Jiangsu Expressway Co Cyclically Adjusted PS Ratio?

As of today (2024-06-02), Jiangsu Expressway Co's current share price is HK$8.13. Jiangsu Expressway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$1.58. Jiangsu Expressway Co's Cyclically Adjusted PS Ratio for today is 5.15.

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

HKSE:00177' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.39   Med: 5.2   Max: 7.4
Current: 5.12

During the past years, Jiangsu Expressway Co's highest Cyclically Adjusted PS Ratio was 7.40. The lowest was 3.39. And the median was 5.20.

HKSE:00177's Cyclically Adjusted PS Ratio is ranked worse than
94.32% of 1285 companies
in the Construction industry
Industry Median: 0.64 vs HKSE:00177: 5.12

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 Expressway Co's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$0.749. 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 HK$1.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Expressway Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Cyclically Adjusted PS Ratio Chart

Jiangsu Expressway 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 5.89 4.85 4.25 3.84 4.54

Jiangsu Expressway 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 3.85 4.50 4.63 4.54 5.08

Competitive Comparison of Jiangsu Expressway Co's Cyclically Adjusted PS Ratio

For the Infrastructure Operations subindustry, Jiangsu Expressway 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 Expressway Co's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Jiangsu Expressway 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 Expressway Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.13/1.58
=5.15

* 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.

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

For example, Jiangsu Expressway 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)
=0.749/115.2271*115.2271
=0.749

Current CPI (Mar. 2024) = 115.2271.

Jiangsu Expressway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.627 98.200 0.736
201409 0.579 98.900 0.675
201412 0.536 99.000 0.624
201503 0.491 99.900 0.566
201506 0.576 99.500 0.667
201509 0.567 100.500 0.650
201512 0.502 100.600 0.575
201603 0.485 102.200 0.547
201606 0.472 101.400 0.536
201609 0.508 102.400 0.572
201612 0.653 102.600 0.733
201703 0.513 103.200 0.573
201706 0.540 103.100 0.604
201709 0.548 104.100 0.607
201712 0.580 104.500 0.640
201803 0.695 105.300 0.761
201806 0.559 104.900 0.614
201809 0.567 106.600 0.613
201812 0.525 106.500 0.568
201903 0.548 107.700 0.586
201906 0.557 107.700 0.596
201909 0.582 109.800 0.611
201912 0.570 111.200 0.591
202003 0.212 112.300 0.218
202006 0.370 110.400 0.386
202009 0.606 111.700 0.625
202012 0.630 111.500 0.651
202103 0.566 112.662 0.579
202106 0.640 111.769 0.660
202109 0.692 112.215 0.711
202112 1.533 113.108 1.562
202203 0.668 114.335 0.673
202206 0.499 114.558 0.502
202209 1.023 115.339 1.022
202212 0.836 115.116 0.837
202303 0.821 115.116 0.822
202306 0.761 114.558 0.765
202309 0.952 115.339 0.951
202312 0.778 114.781 0.781
202403 0.749 115.227 0.749

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 Expressway Co  (HKSE:00177) 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 Expressway Co Cyclically Adjusted PS Ratio Related Terms

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


Jiangsu Expressway Co (HKSE:00177) Business Description

Address
6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.
Executives
Citigroup Inc. 2502 Approved lending agent
Jpmorgan Chase & Co. 2502 Approved lending agent
Blackrock, Inc. 2201 Interest of corporation controlled by you
Mitsubishi Ufj Financial Group, Inc. 2201 Interest of corporation controlled by you
Newton Investment Management Limited 2102 Investment manager

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