GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Baidu Inc (SGX:K3SD) » Definitions » Cyclically Adjusted PS Ratio

Baidu (SGX:K3SD) Cyclically Adjusted PS Ratio : (As of May. 17, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Baidu Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Baidu Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Baidu'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.

Baidu Cyclically Adjusted PS Ratio Chart

Baidu 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 4.72 7.09 4.17 2.83 2.72

Baidu 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 3.65 3.26 3.11 2.72 -

Competitive Comparison of Baidu's Cyclically Adjusted PS Ratio

For the Internet Content & Information subindustry, Baidu'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.


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

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

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



Baidu 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.

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

For example, Baidu'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)
=13.72/115.2271*115.2271
=13.720

Current CPI (Mar. 2024) = 115.2271.

Baidu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.473 98.200 6.422
201409 6.252 98.900 7.284
201412 6.437 99.000 7.492
201503 5.783 99.900 6.670
201506 7.574 99.500 8.771
201509 8.265 100.500 9.476
201512 8.362 100.600 9.578
201603 7.015 102.200 7.909
201606 7.977 101.400 9.065
201609 7.872 102.400 8.858
201612 7.560 102.600 8.490
201703 7.026 103.200 7.845
201706 8.806 103.100 9.842
201709 10.219 104.100 11.311
201712 10.172 104.500 11.216
201803 9.407 105.300 10.294
201806 11.381 104.900 12.501
201809 11.702 106.600 12.649
201812 11.273 106.500 12.197
201903 10.279 107.700 10.997
201906 10.891 107.700 11.652
201909 11.345 109.800 11.906
201912 11.898 111.200 12.329
202003 9.238 112.300 9.479
202006 10.656 110.400 11.122
202009 12.072 111.700 12.453
202012 13.532 111.500 13.984
202103 12.448 112.662 12.731
202106 14.031 111.769 14.465
202109 14.238 112.215 14.620
202112 14.758 113.108 15.035
202203 12.947 114.335 13.048
202206 12.602 114.558 12.676
202209 13.292 115.339 13.279
202212 13.551 115.116 13.564
202303 12.745 115.116 12.757
202306 13.424 114.558 13.502
202309 13.268 115.339 13.255
202312 13.837 114.781 13.891
202403 13.720 115.227 13.720

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.


Baidu  (SGX:K3SD) 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.


Baidu Cyclically Adjusted PS Ratio Related Terms

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


Baidu (SGX:K3SD) Business Description

Address
No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Baidu (SGX:K3SD) Headlines

No Headlines