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Xiamen Jihong Technology Co (SZSE:002803) Cyclically Adjusted PS Ratio : 1.19 (As of Jun. 09, 2024)


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What is Xiamen Jihong Technology Co Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Xiamen Jihong Technology Co's current share price is ¥12.37. Xiamen Jihong Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥10.36. Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio for today is 1.19.

The historical rank and industry rank for Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SZSE:002803' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.55   Max: 1.96
Current: 1.19

During the past years, Xiamen Jihong Technology Co's highest Cyclically Adjusted PS Ratio was 1.96. The lowest was 1.19. And the median was 1.55.

SZSE:002803's Cyclically Adjusted PS Ratio is ranked worse than
69.65% of 313 companies
in the Packaging & Containers industry
Industry Median: 0.74 vs SZSE:002803: 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.

Xiamen Jihong Technology Co's adjusted revenue per share data for the three months ended in Mar. 2024 was ¥3.404. 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 ¥10.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xiamen Jihong Technology Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Xiamen Jihong Technology 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.

Xiamen Jihong Technology Co Cyclically Adjusted PS Ratio Chart

Xiamen Jihong Technology 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 - - - - 2.01

Xiamen Jihong Technology 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 - - - 2.01 1.67

Competitive Comparison of Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio

For the Packaging & Containers subindustry, Xiamen Jihong Technology 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.


Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio falls into.



Xiamen Jihong Technology 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.

Xiamen Jihong Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.37/10.36
=1.19

* 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.

Xiamen Jihong Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Xiamen Jihong Technology 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)
=3.404/115.2271*115.2271
=3.404

Current CPI (Mar. 2024) = 115.2271.

Xiamen Jihong Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201503 0.434 99.900 0.501
201506 0.543 99.500 0.629
201509 0.556 100.500 0.637
201512 0.547 100.600 0.627
201603 0.514 102.200 0.580
201606 0.581 101.400 0.660
201609 0.508 102.400 0.572
201612 0.445 102.600 0.500
201703 0.572 103.200 0.639
201706 0.587 103.100 0.656
201709 0.917 104.100 1.015
201712 2.205 104.500 2.431
201803 2.102 105.300 2.300
201806 2.700 104.900 2.966
201809 3.381 106.600 3.655
201812 1.939 106.500 2.098
201903 2.003 107.700 2.143
201906 3.518 107.700 3.764
201909 3.632 109.800 3.812
201912 3.770 111.200 3.907
202003 2.892 112.300 2.967
202006 2.371 110.400 2.475
202009 3.434 111.700 3.542
202012 3.219 111.500 3.327
202103 3.191 112.662 3.264
202106 3.392 111.769 3.497
202109 3.664 112.215 3.762
202112 3.423 113.108 3.487
202203 3.086 114.335 3.110
202206 4.005 114.558 4.028
202209 3.454 115.339 3.451
202212 3.524 115.116 3.527
202303 3.712 115.116 3.716
202306 4.568 114.558 4.595
202309 4.775 115.339 4.770
202312 4.787 114.781 4.806
202403 3.404 115.227 3.404

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.


Xiamen Jihong Technology Co  (SZSE:002803) 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.


Xiamen Jihong Technology Co Cyclically Adjusted PS Ratio Related Terms

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


Xiamen Jihong Technology Co (SZSE:002803) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Putou Road, Dongfu Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361027
Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.
Executives
Zhuang Hao Directors, executives
Wang Ya Peng Director
Zhang He Ping Directors, executives
Zhuang Shu Directors, executives
Wang Hai Ying Supervisors

Xiamen Jihong Technology Co (SZSE:002803) Headlines

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