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China Tianying (SZSE:000035) Cyclically Adjusted PS Ratio : 1.30 (As of May. 15, 2024)


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What is China Tianying Cyclically Adjusted PS Ratio?

As of today (2024-05-15), China Tianying's current share price is ¥4.65. China Tianying's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥3.59. China Tianying's Cyclically Adjusted PS Ratio for today is 1.30.

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

SZSE:000035' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.03   Med: 6.2   Max: 73.94
Current: 1.3

During the past years, China Tianying's highest Cyclically Adjusted PS Ratio was 73.94. The lowest was 1.03. And the median was 6.20.

SZSE:000035's Cyclically Adjusted PS Ratio is ranked worse than
51.08% of 139 companies
in the Waste Management industry
Industry Median: 1.24 vs SZSE:000035: 1.30

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 Tianying's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥0.497. 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 ¥3.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Tianying Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Tianying'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 Tianying Cyclically Adjusted PS Ratio Chart

China Tianying 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 4.52 1.84 1.94 1.49 1.39

China Tianying 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 1.50 1.32 1.59 1.39 1.22

Competitive Comparison of China Tianying's Cyclically Adjusted PS Ratio

For the Waste Management subindustry, China Tianying'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 Tianying's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Tianying's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.65/3.59
=1.30

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

For example, China Tianying'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)
=0.497/114.6694*114.6694
=0.497

Current CPI (Mar. 2024) = 114.6694.

China Tianying Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.099 98.200 0.116
201409 0.102 98.900 0.118
201412 0.266 99.000 0.308
201503 0.117 99.900 0.134
201506 0.104 99.500 0.120
201509 0.153 100.500 0.175
201512 0.295 100.600 0.336
201603 0.135 102.200 0.151
201606 0.149 101.400 0.168
201609 0.172 102.400 0.193
201612 0.335 102.600 0.374
201703 0.193 103.200 0.214
201706 0.245 103.100 0.272
201709 0.340 104.100 0.375
201712 0.458 104.500 0.503
201803 0.216 105.300 0.235
201806 0.423 104.900 0.462
201809 0.373 106.600 0.401
201812 0.355 106.500 0.382
201903 1.570 107.700 1.672
201906 1.963 107.700 2.090
201909 2.060 109.800 2.151
201912 2.164 111.200 2.232
202003 2.002 112.300 2.044
202006 2.236 110.400 2.322
202009 2.191 111.700 2.249
202012 2.237 111.500 2.301
202103 2.290 112.662 2.331
202106 2.252 111.769 2.310
202109 2.572 112.215 2.628
202112 1.199 113.108 1.216
202203 0.505 114.335 0.506
202206 0.543 114.558 0.544
202209 0.572 115.339 0.569
202212 1.044 115.116 1.040
202303 0.486 115.116 0.484
202306 0.513 114.558 0.513
202309 0.571 115.339 0.568
202312 0.635 114.669 0.635
202403 0.497 114.669 0.497

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 Tianying  (SZSE:000035) 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 Tianying Cyclically Adjusted PS Ratio Related Terms

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


China Tianying (SZSE:000035) Business Description

Traded in Other Exchanges
N/A
Address
No.1535,Hongmei Road, Build 2,Xinglian TehBuilding, Xuhui District, Shanghai, CHN
China Tianying Inc is an environmental protection and new energy enterprise. The company is engaged in the investment, build, operation and maintenance of MSW incineration power generation and steam manufacture, sludge treatment, food waste treatment, hazardous waste treatment, construction waste treatment, wastewater treatment and others.

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