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BeiGene (HKSE:06160) Cyclically Adjusted PS Ratio : 16.22 (As of Jun. 09, 2024)


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What is BeiGene Cyclically Adjusted PS Ratio?

As of today (2024-06-09), BeiGene's current share price is HK$95.35. BeiGene's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$5.88. BeiGene's Cyclically Adjusted PS Ratio for today is 16.22.

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

HKSE:06160' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.39   Med: 16.78   Max: 19.6
Current: 16.18

During the past years, BeiGene's highest Cyclically Adjusted PS Ratio was 19.60. The lowest was 13.39. And the median was 16.78.

HKSE:06160's Cyclically Adjusted PS Ratio is ranked worse than
79.17% of 504 companies
in the Biotechnology industry
Industry Median: 5.47 vs HKSE:06160: 16.18

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.

BeiGene's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$4.338. 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$5.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BeiGene Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BeiGene'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.

BeiGene Cyclically Adjusted PS Ratio Chart

BeiGene 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 - - - - 20.17

BeiGene 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 - - - 20.17 16.18

Competitive Comparison of BeiGene's Cyclically Adjusted PS Ratio

For the Biotechnology subindustry, BeiGene'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.


BeiGene's Cyclically Adjusted PS Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, BeiGene's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



BeiGene 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=95.35/5.88
=16.22

* 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.

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

For example, BeiGene'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)
=4.338/131.7762*131.7762
=4.338

Current CPI (Mar. 2024) = 131.7762.

BeiGene Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.000 100.560 0.000
201409 0.072 100.428 0.094
201412 0.015 99.070 0.020
201503 0.015 99.621 0.020
201506 0.015 100.684 0.020
201509 0.015 100.392 0.020
201512 0.088 99.792 0.116
201603 0.018 100.470 0.024
201606 0.007 101.688 0.009
201609 0.000 101.861 0.000
201612 0.000 101.863 0.000
201703 0.000 102.862 0.000
201706 0.000 103.349 0.000
201709 2.865 104.136 3.625
201712 0.240 104.011 0.304
201803 0.381 105.290 0.477
201806 0.593 106.317 0.735
201809 0.574 106.507 0.710
201812 0.594 105.998 0.738
201903 0.789 107.251 0.969
201906 2.449 108.070 2.986
201909 0.503 108.329 0.612
201912 0.563 108.420 0.684
202003 0.402 108.902 0.486
202006 0.504 108.767 0.611
202009 0.614 109.815 0.737
202012 0.657 109.897 0.788
202103 3.741 111.754 4.411
202106 0.975 114.631 1.121
202109 1.332 115.734 1.517
202112 1.351 117.630 1.513
202203 1.801 121.301 1.957
202206 2.006 125.017 2.114
202209 2.262 125.227 2.380
202212 2.194 125.222 2.309
202303 2.595 127.348 2.685
202306 3.428 128.729 3.509
202309 4.399 129.860 4.464
202312 3.662 129.419 3.729
202403 4.338 131.776 4.338

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.


BeiGene  (HKSE:06160) 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.


BeiGene Cyclically Adjusted PS Ratio Related Terms

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


BeiGene (HKSE:06160) Business Description

Industry
Traded in Other Exchanges
Address
c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, Grand Cayman, CYM, KY1-1108
BeiGene Ltd is a commercial-stage biotechnology company. It is engaged in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The company has developed a proprietary cancer biology platform that addresses the importance of tumor-immune system interactions and the value of primary biopsies in developing new models to support its drug discovery effort. It has developed clinical-stage drug candidates that inhibit the important oncology targets Bruton's tyrosine kinase, or BTK; RAF dimer protein complex and PARP family of proteins, and an immuno-oncology agent that inhibits the immune checkpoint protein receptor PD-1. Its geographical segments are China, the United States, and the Rest of the world.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
Oyler John Victor 2101 Beneficial owner
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
Baker Felix James 2201 Interest of corporation controlled by you
Baker Julian Charles 2201 Interest of corporation controlled by you
Baker Bros. Advisors (gp) Llc 2201 Interest of corporation controlled by you
Baker Brothers Life Sciences Capital, L.p. 2201 Interest of corporation controlled by you
Hhlr Advisors, Ltd. 2102 Investment manager
Hhlr Fund, L.p. 2101 Beneficial owner
Amgen Inc. 2101 Beneficial owner
Hillhouse Capital Advisors, Ltd. 2102 Investment manager
Gaoling Fund, L.p. 2101 Beneficial owner
Fidelity Management & Research Company
Fmr Co., Inc.

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