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Dongfang Electric (SHSE:600875) Cyclically Adjusted PS Ratio : 1.20 (As of Jun. 07, 2024)


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What is Dongfang Electric Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Dongfang Electric's current share price is ¥18.52. Dongfang Electric's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥15.45. Dongfang Electric's Cyclically Adjusted PS Ratio for today is 1.20.

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

SHSE:600875' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.66   Max: 1.58
Current: 1.19

During the past years, Dongfang Electric's highest Cyclically Adjusted PS Ratio was 1.58. The lowest was 0.35. And the median was 0.66.

SHSE:600875's Cyclically Adjusted PS Ratio is ranked better than
56.76% of 2197 companies
in the Industrial Products industry
Industry Median: 1.42 vs SHSE:600875: 1.19

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.

Dongfang Electric's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥4.820. 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 ¥15.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dongfang Electric Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dongfang Electric'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.

Dongfang Electric Cyclically Adjusted PS Ratio Chart

Dongfang Electric 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 0.51 0.59 1.34 1.34 0.95

Dongfang Electric 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 1.21 1.21 1.02 0.95 1.02

Competitive Comparison of Dongfang Electric's Cyclically Adjusted PS Ratio

For the Specialty Industrial Machinery subindustry, Dongfang Electric'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.


Dongfang Electric's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dongfang Electric's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Dongfang Electric 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.

Dongfang Electric's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.52/15.45
=1.20

* 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.

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

For example, Dongfang Electric'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)
=4.82/115.2271*115.2271
=4.820

Current CPI (Mar. 2024) = 115.2271.

Dongfang Electric Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.344 98.200 6.271
201409 4.554 98.900 5.306
201412 4.040 99.000 4.702
201503 3.568 99.900 4.115
201506 5.119 99.500 5.928
201509 3.117 100.500 3.574
201512 3.954 100.600 4.529
201603 4.226 102.200 4.765
201606 3.788 101.400 4.305
201609 2.323 102.400 2.614
201612 3.944 102.600 4.429
201703 2.556 103.200 2.854
201706 2.517 103.100 2.813
201709 2.156 104.100 2.386
201712 3.458 104.500 3.813
201803 2.299 105.300 2.516
201806 2.966 104.900 3.258
201809 1.792 106.600 1.937
201812 2.754 106.500 2.980
201903 2.530 107.700 2.707
201906 2.684 107.700 2.872
201909 2.338 109.800 2.454
201912 2.959 111.200 3.066
202003 2.628 112.300 2.696
202006 3.145 110.400 3.283
202009 2.882 111.700 2.973
202012 3.350 111.500 3.462
202103 3.487 112.662 3.566
202106 3.763 111.769 3.879
202109 3.491 112.215 3.585
202112 4.484 113.108 4.568
202203 4.524 114.335 4.559
202206 4.442 114.558 4.468
202209 4.012 115.339 4.008
202212 4.857 115.116 4.862
202303 4.723 115.116 4.728
202306 4.840 114.558 4.868
202309 4.735 115.339 4.730
202312 5.192 114.781 5.212
202403 4.820 115.227 4.820

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.


Dongfang Electric  (SHSE:600875) 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.


Dongfang Electric Cyclically Adjusted PS Ratio Related Terms

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


Dongfang Electric (SHSE:600875) Business Description

Traded in Other Exchanges
Address
18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731
Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.
Executives
Gao Feng senior management
Hu Xiu Kui senior management
Gong Dan senior management
Wang Wei Min senior management

Dongfang Electric (SHSE:600875) Headlines

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