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China Construction Bank (SHSE:601939) Cyclically Adjusted PS Ratio : 2.42 (As of May. 14, 2024)


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What is China Construction Bank Cyclically Adjusted PS Ratio?

As of today (2024-05-14), China Construction Bank's current share price is ¥7.04. China Construction Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.91. China Construction Bank's Cyclically Adjusted PS Ratio for today is 2.42.

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

SHSE:601939' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.86   Med: 2.53   Max: 4.24
Current: 2.43

During the past years, China Construction Bank's highest Cyclically Adjusted PS Ratio was 4.24. The lowest was 1.86. And the median was 2.53.

SHSE:601939's Cyclically Adjusted PS Ratio is ranked worse than
50.63% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs SHSE:601939: 2.43

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.

China Construction Bank's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.810. 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 ¥2.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Construction Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Construction Bank'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.

China Construction Bank Cyclically Adjusted PS Ratio Chart

China Construction Bank 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 2.77 2.46 2.16 1.98 2.24

China Construction Bank 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 2.07 2.18 2.17 2.24 2.36

Competitive Comparison of China Construction Bank's Cyclically Adjusted PS Ratio

For the Banks - Diversified subindustry, China Construction Bank'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.


China Construction Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Construction Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Construction Bank 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.

China Construction Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.04/2.91
=2.42

* 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.

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

For example, China Construction Bank'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)
=0.81/114.6694*114.6694
=0.810

Current CPI (Mar. 2024) = 114.6694.

China Construction Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.560 98.200 0.654
201409 0.571 98.900 0.662
201412 0.564 99.000 0.653
201503 0.654 99.900 0.751
201506 0.596 99.500 0.687
201509 0.589 100.500 0.672
201512 0.575 100.600 0.655
201603 0.747 102.200 0.838
201606 0.576 101.400 0.651
201609 0.555 102.400 0.621
201612 0.508 102.600 0.568
201703 0.683 103.200 0.759
201706 0.591 103.100 0.657
201709 0.602 104.100 0.663
201712 0.588 104.500 0.645
201803 0.736 105.300 0.801
201806 0.632 104.900 0.691
201809 0.646 106.600 0.695
201812 0.580 106.500 0.624
201903 0.754 107.700 0.803
201906 0.699 107.700 0.744
201909 0.701 109.800 0.732
201912 0.626 111.200 0.646
202003 0.829 112.300 0.846
202006 0.724 110.400 0.752
202009 0.721 111.700 0.740
202012 0.682 111.500 0.701
202103 0.860 112.662 0.875
202106 0.795 111.769 0.816
202109 0.841 112.215 0.859
202112 0.744 113.108 0.754
202203 0.812 114.335 0.814
202206 0.803 114.558 0.804
202209 0.764 115.339 0.760
202212 0.710 115.116 0.707
202303 0.815 115.116 0.812
202306 0.785 114.558 0.786
202309 0.746 115.339 0.742
202312 0.685 114.669 0.685
202403 0.810 114.669 0.810

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.


China Construction Bank  (SHSE:601939) 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.


China Construction Bank Cyclically Adjusted PS Ratio Related Terms

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


China Construction Bank (SHSE:601939) Business Description

Traded in Other Exchanges
Address
No. 25, Finance Street, Xicheng District, Beijing, CHN, 100033
As one of the big four banks, China Construction Bank is headquartered in Beijing. The bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company's second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. Corporate banking, retail banking, and wholesale banking business segments accounted for 36%, 57%, and 7% of profit before tax, respectively, in 2022.

China Construction Bank (SHSE:601939) Headlines

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