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Kingsoft (HKSE:03888) Cyclically Adjusted PS Ratio : 5.20 (As of May. 17, 2024)


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What is Kingsoft Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Kingsoft's current share price is HK$26.55. Kingsoft's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was HK$5.11. Kingsoft's Cyclically Adjusted PS Ratio for today is 5.20.

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

HKSE:03888' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.77   Med: 6.74   Max: 18.87
Current: 5.21

During the past years, Kingsoft's highest Cyclically Adjusted PS Ratio was 18.87. The lowest was 3.77. And the median was 6.74.

HKSE:03888's Cyclically Adjusted PS Ratio is ranked worse than
79.26% of 299 companies
in the Interactive Media industry
Industry Median: 1.55 vs HKSE:03888: 5.21

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.

Kingsoft's adjusted revenue per share data for the three months ended in Dec. 2023 was HK$1.949. 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$5.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingsoft Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kingsoft'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.

Kingsoft Cyclically Adjusted PS Ratio Chart

Kingsoft 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 5.20 12.31 7.95 5.52 4.72

Kingsoft Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 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 5.52 7.97 6.33 5.68 4.72

Competitive Comparison of Kingsoft's Cyclically Adjusted PS Ratio

For the Electronic Gaming & Multimedia subindustry, Kingsoft'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.


Kingsoft's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingsoft's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kingsoft 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.55/5.11
=5.20

* 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.

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

For example, Kingsoft'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)
=1.949/114.7809*114.7809
=1.949

Current CPI (Dec. 2023) = 114.7809.

Kingsoft Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 0.203 97.332 0.239
201312 0.719 97.624 0.845
201403 0.690 98.600 0.803
201406 0.787 98.200 0.920
201409 0.840 98.900 0.975
201412 1.081 99.000 1.253
201503 1.205 99.900 1.384
201506 1.023 99.500 1.180
201509 1.543 100.500 1.762
201512 1.700 100.600 1.940
201603 0.594 102.200 0.667
201606 0.690 101.400 0.781
201609 1.014 102.400 1.137
201612 1.109 102.600 1.241
201703 1.032 103.200 1.148
201706 1.118 103.100 1.245
201709 1.170 104.100 1.290
201712 1.203 104.500 1.321
201803 1.192 105.300 1.299
201806 1.133 104.900 1.240
201809 1.187 106.600 1.278
201812 1.395 106.500 1.503
201903 1.490 107.700 1.588
201906 0.797 107.700 0.849
201909 1.854 109.800 1.938
201912 0.367 111.200 0.379
202006 1.133 110.400 1.178
202009 1.144 111.700 1.176
202012 1.386 111.500 1.427
202106 1.102 111.769 1.132
202109 1.320 112.215 1.350
202112 1.626 113.108 1.650
202203 1.397 114.335 1.402
202206 1.533 114.558 1.536
202209 1.506 115.339 1.499
202212 1.735 115.116 1.730
202303 1.633 115.116 1.628
202306 1.678 114.558 1.681
202309 1.551 115.339 1.543
202312 1.949 114.781 1.949

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.


Kingsoft  (HKSE:03888) 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.


Kingsoft Cyclically Adjusted PS Ratio Related Terms

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


Kingsoft (HKSE:03888) Business Description

Traded in Other Exchanges
Address
No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085
Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others and office software and services. It generates maximum revenue from the entertainment software and others segment. The entertainment software and others segment is engaged in the research and development of games, and the provision of online games, mobile games and casual game services. Geographically, it derives a majority of revenue from Mainland China.

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