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HKT Trust and HKT (HKSE:06823) Cyclically Adjusted PS Ratio : 1.82 (As of Jun. 08, 2024)


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What is HKT Trust and HKT Cyclically Adjusted PS Ratio?

As of today (2024-06-08), HKT Trust and HKT's current share price is HK$8.77. HKT Trust and HKT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was HK$4.81. HKT Trust and HKT's Cyclically Adjusted PS Ratio for today is 1.82.

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

HKSE:06823' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.73   Med: 2.31   Max: 2.71
Current: 1.89

During the past 13 years, HKT Trust and HKT's highest Cyclically Adjusted PS Ratio was 2.71. The lowest was 1.73. And the median was 2.31.

HKSE:06823's Cyclically Adjusted PS Ratio is ranked worse than
71% of 300 companies
in the Telecommunication Services industry
Industry Median: 1.05 vs HKSE:06823: 1.89

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.

HKT Trust and HKT's adjusted revenue per share data of for the fiscal year that ended in Dec23 was HK$4.531. 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$4.81 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


HKT Trust and HKT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for HKT Trust and HKT'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.

HKT Trust and HKT Cyclically Adjusted PS Ratio Chart

HKT Trust and HKT 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 2.35 2.24 2.31 2.05 1.94

HKT Trust and HKT 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 2.31 - 2.05 - 1.94

Competitive Comparison of HKT Trust and HKT's Cyclically Adjusted PS Ratio

For the Telecom Services subindustry, HKT Trust and HKT'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.


HKT Trust and HKT's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HKT Trust and HKT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



HKT Trust and HKT 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.

HKT Trust and HKT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.77/4.81
=1.82

* 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.

HKT Trust and HKT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, HKT Trust and HKT'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)
=4.531/117.2957*117.2957
=4.531

Current CPI (Dec23) = 117.2957.

HKT Trust and HKT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 4.063 99.707 4.780
201512 4.588 102.015 5.275
201612 4.471 103.225 5.080
201712 4.367 104.984 4.879
201812 4.646 107.622 5.064
201912 4.371 110.700 4.631
202012 4.275 109.711 4.571
202112 4.484 112.349 4.681
202212 4.505 114.548 4.613
202312 4.531 117.296 4.531

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.


HKT Trust and HKT  (HKSE:06823) 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.


HKT Trust and HKT Cyclically Adjusted PS Ratio Related Terms

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


HKT Trust and HKT (HKSE:06823) Business Description

Traded in Other Exchanges
Address
979 King’s Road, Quarry Bay, 39th Floor, PCCW Tower, Taikoo Place, Hong Kong, HKG
HKT Trust and HKT Ltd is a triple-play telecommunications provider that operates through three segments, telecommunications services, mobile, and Other businesses. Telecommunication services are the larger business segment and generates revenue by providing voice services, broadband services, local and international data services, and the sales of equipment. The company's mobile segment generates revenue by selling mobile services and handsets. The Other Businesses segment primarily comprises new business areas such as Tap & Go mobile payment service and The Club program, and corporate support functions. The company owns fiber and mobile infrastructure. HKT Trust generate the vast majority of its revenue in Hong Kong.
Executives
Pccw Limited 2201 Interest of corporation controlled by you
Citigroup Inc. 2502 Approved lending agent

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