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CK Infrastructure Holdings (HKSE:01038) Cyclically Adjusted PS Ratio : 16.46 (As of Jun. 01, 2024)


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What is CK Infrastructure Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-01), CK Infrastructure Holdings's current share price is HK$45.10. CK Infrastructure Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$2.74. CK Infrastructure Holdings's Cyclically Adjusted PS Ratio for today is 16.46.

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

HKSE:01038' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.33   Med: 29.68   Max: 46.75
Current: 17.03

During the past 13 years, CK Infrastructure Holdings's highest Cyclically Adjusted PS Ratio was 46.75. The lowest was 13.33. And the median was 29.68.

HKSE:01038's Cyclically Adjusted PS Ratio is ranked worse than
99.32% of 444 companies
in the Utilities - Regulated industry
Industry Median: 1.275 vs HKSE:01038: 17.03

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.

CK Infrastructure Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$2.377. 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$2.74 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Infrastructure Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CK Infrastructure Holdings'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.

CK Infrastructure Holdings Cyclically Adjusted PS Ratio Chart

CK Infrastructure Holdings 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 23.55 16.97 19.11 15.15 15.74

CK Infrastructure Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 19.11 - 15.15 - 15.74

Competitive Comparison of CK Infrastructure Holdings's Cyclically Adjusted PS Ratio

For the Utilities - Regulated Electric subindustry, CK Infrastructure Holdings'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.


CK Infrastructure Holdings's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CK Infrastructure Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CK Infrastructure Holdings 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.

CK Infrastructure Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.10/2.74
=16.46

* 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.

CK Infrastructure Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CK Infrastructure Holdings'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)
=2.377/117.2957*117.2957
=2.377

Current CPI (Dec23) = 117.2957.

CK Infrastructure Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.448 99.707 2.880
201512 2.211 102.015 2.542
201612 2.112 103.225 2.400
201712 2.388 104.984 2.668
201812 2.837 107.622 3.092
201912 2.672 110.700 2.831
202012 2.850 109.711 3.047
202112 2.797 112.349 2.920
202212 2.625 114.548 2.688
202312 2.377 117.296 2.377

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.


CK Infrastructure Holdings  (HKSE:01038) 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.


CK Infrastructure Holdings Cyclically Adjusted PS Ratio Related Terms

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


CK Infrastructure Holdings (HKSE:01038) Business Description

Traded in Other Exchanges
Address
2 Queen's Road Central, 12th Floor, Cheung Kong Center, Hong Kong, HKG
CK Infrastructure Holdings is a leading global utility and infrastructure investment company with a focus on regulated utility assets. It is part of the CK Hutchison group of companies, holding the bulk of the group infrastructure businesses. CKI's investments stretch across Hong Kong, the U.K., Australia, Europe, Canada, and New Zealand. The U.K. division contributes about half of total group net profit. The company also owns an infrastructure materials business in Hong Kong and mainland China, producing cement, concrete, asphalt, and aggregates.
Executives
Ck Hutchison Holdings Limited 2201 Interest of corporation controlled by you

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