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Bethel Automotivefety Systems Co (SHSE:603596) Cyclically Adjusted PS Ratio : 5.52 (As of May. 23, 2024)


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What is Bethel Automotivefety Systems Co Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Bethel Automotivefety Systems Co's current share price is ¥36.63. Bethel Automotivefety Systems Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was ¥6.63. Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio for today is 5.52.

The historical rank and industry rank for Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:603596' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.51   Med: 6.72   Max: 10.65
Current: 5.55

During the past 11 years, Bethel Automotivefety Systems Co's highest Cyclically Adjusted PS Ratio was 10.65. The lowest was 5.51. And the median was 6.72.

SHSE:603596's Cyclically Adjusted PS Ratio is ranked worse than
94.01% of 1001 companies
in the Vehicles & Parts industry
Industry Median: 0.66 vs SHSE:603596: 5.55

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.

Bethel Automotivefety Systems Co's adjusted revenue per share data of for the fiscal year that ended in Dec23 was ¥12.875. 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 ¥6.63 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bethel Automotivefety Systems Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co Cyclically Adjusted PS Ratio Chart

Bethel Automotivefety Systems 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 - - - 10.06 7.46

Bethel Automotivefety Systems 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 - - - 7.46 -

Competitive Comparison of Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio

For the Auto Parts subindustry, Bethel Automotivefety Systems 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.


Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio falls into.



Bethel Automotivefety Systems 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.

Bethel Automotivefety Systems Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.63/6.63
=5.52

* 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.

Bethel Automotivefety Systems Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bethel Automotivefety Systems Co'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)
=12.875/114.7809*114.7809
=12.875

Current CPI (Dec23) = 114.7809.

Bethel Automotivefety Systems Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 4.560 99.000 5.287
201512 3.989 100.600 4.551
201612 5.849 102.600 6.543
201712 4.679 104.500 5.139
201812 4.701 106.500 5.067
201912 5.503 111.200 5.680
202012 5.321 111.500 5.478
202112 6.081 113.108 6.171
202212 9.569 115.116 9.541
202312 12.875 114.781 12.875

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.


Bethel Automotivefety Systems Co  (SHSE:603596) 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.


Bethel Automotivefety Systems Co Cyclically Adjusted PS Ratio Related Terms

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


Bethel Automotivefety Systems Co (SHSE:603596) Business Description

Traded in Other Exchanges
N/A
Address
No. 19, Taishan Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241009
Bethel Automotive Safety Systems Co Ltd is a China based company engaged in manufacturing and marketing of automotive safety systems. Its products include passenger car and commercial vehicle front and rear disc brakes, drum brakes, rear integrated parking brake, rear disc brake drum, brake master cylinder, vacuum booster, cast aluminum steering knuckle and others.

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