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Haier Smart Home Co (SHSE:600690) Cyclically Adjusted PS Ratio : 1.22 (As of May. 16, 2024)


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What is Haier Smart Home Co Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Haier Smart Home Co's current share price is ¥32.02. Haier Smart Home Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥26.33. Haier Smart Home Co's Cyclically Adjusted PS Ratio for today is 1.22.

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

SHSE:600690' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.91   Max: 1.52
Current: 1.23

During the past years, Haier Smart Home Co's highest Cyclically Adjusted PS Ratio was 1.52. The lowest was 0.64. And the median was 0.91.

SHSE:600690's Cyclically Adjusted PS Ratio is ranked worse than
61.27% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.85 vs SHSE:600690: 1.23

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.

Haier Smart Home Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥7.370. 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 ¥26.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Haier Smart Home Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Haier Smart Home Co'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.

Haier Smart Home Co Cyclically Adjusted PS Ratio Chart

Haier Smart Home Co 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 0.92 1.27 1.24 0.97 0.81

Haier Smart Home Co 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 0.89 0.92 0.91 0.81 0.95

Competitive Comparison of Haier Smart Home Co's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home Co'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.


Haier Smart Home Co's Cyclically Adjusted PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Haier Smart Home Co's Cyclically Adjusted PS Ratio falls into.



Haier Smart Home Co 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.

Haier Smart Home Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.02/26.33
=1.22

* 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.

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

For example, Haier Smart Home Co'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)
=7.37/114.6694*114.6694
=7.370

Current CPI (Mar. 2024) = 114.6694.

Haier Smart Home Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.255 98.200 2.633
201409 3.941 98.900 4.569
201412 4.393 99.000 5.088
201503 3.983 99.900 4.572
201506 3.717 99.500 4.284
201509 3.953 100.500 4.510
201512 3.075 100.600 3.505
201603 3.649 102.200 4.094
201606 4.341 101.400 4.909
201609 5.840 102.400 6.540
201612 5.640 102.600 6.303
201703 6.195 103.200 6.883
201706 6.522 103.100 7.254
201709 10.512 104.100 11.579
201712 5.704 104.500 6.259
201803 7.080 105.300 7.710
201806 7.689 104.900 8.405
201809 7.823 106.600 8.415
201812 6.672 106.500 7.184
201903 7.343 107.700 7.818
201906 7.764 107.700 8.266
201909 6.743 109.800 7.042
201912 7.290 111.200 7.517
202003 6.570 112.300 6.709
202006 7.841 110.400 8.144
202009 8.770 111.700 9.003
202012 7.908 111.500 8.133
202103 5.916 112.662 6.021
202106 5.974 111.769 6.129
202109 6.183 112.215 6.318
202112 6.240 113.108 6.326
202203 6.490 114.335 6.509
202206 6.500 114.558 6.506
202209 6.652 115.339 6.613
202212 6.348 115.116 6.323
202303 6.880 115.116 6.853
202306 7.200 114.558 7.207
202309 7.060 115.339 7.019
202312 6.736 114.669 6.736
202403 7.370 114.669 7.370

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.


Haier Smart Home Co  (SHSE:600690) 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.


Haier Smart Home Co Cyclically Adjusted PS Ratio Related Terms

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


Haier Smart Home Co (SHSE:600690) Business Description

Traded in Other Exchanges
Address
Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101
Haier Smart Home Co Ltd manufactures and distributes household electrical appliances. It offers products such as refrigerators, air conditioners, washing machine, microwave ovens, smoke exhausters, gas stoves, dishwashers, electrical water heaters and others under the brand name Haier, Casarte, Leader, AQUA and Fisher & Paykel. The company has three business segments namely China smart home business: Overseas home appliance and smart home business segment Other business segments. The products of the group are traded in mainland China and in other overseas markets including Hong Kong, Macau, and Taiwan.

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