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China Development Financial Holding (TPE:2883) Cyclically Adjusted PS Ratio : 1.56 (As of Jun. 06, 2024)


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What is China Development Financial Holding Cyclically Adjusted PS Ratio?

As of today (2024-06-06), China Development Financial Holding's current share price is NT$15.10. China Development Financial Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$9.68. China Development Financial Holding's Cyclically Adjusted PS Ratio for today is 1.56.

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

TPE:2883' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.51   Max: 2.4
Current: 1.46

During the past years, China Development Financial Holding's highest Cyclically Adjusted PS Ratio was 2.40. The lowest was 1.18. And the median was 1.51.

TPE:2883's Cyclically Adjusted PS Ratio is ranked worse than
66.92% of 396 companies
in the Insurance industry
Industry Median: 1 vs TPE:2883: 1.46

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 Development Financial Holding's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$1.160. 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 NT$9.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Development Financial Holding Cyclically Adjusted PS Ratio Historical Data

The historical data trend for China Development Financial Holding'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 Development Financial Holding Cyclically Adjusted PS Ratio Chart

China Development Financial Holding 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 1.91 1.42 2.14 1.38 1.33

China Development Financial Holding 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 1.35 1.31 1.23 1.33 1.44

Competitive Comparison of China Development Financial Holding's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, China Development Financial Holding'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 Development Financial Holding's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Development Financial Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



China Development Financial Holding 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 Development Financial Holding's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.10/9.68
=1.56

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

For example, China Development Financial Holding'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)
=1.16/131.7762*131.7762
=1.160

Current CPI (Mar. 2024) = 131.7762.

China Development Financial Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.443 100.560 0.581
201409 0.502 100.428 0.659
201412 0.521 99.070 0.693
201503 0.504 99.621 0.667
201506 0.512 100.684 0.670
201509 0.393 100.392 0.516
201512 0.557 99.792 0.736
201603 0.393 100.470 0.515
201606 0.351 101.688 0.455
201609 0.517 101.861 0.669
201612 0.472 101.863 0.611
201703 0.368 102.862 0.471
201706 0.483 103.349 0.616
201709 1.425 104.136 1.803
201712 3.390 104.011 4.295
201803 3.936 105.290 4.926
201806 4.162 106.317 5.159
201809 4.925 106.507 6.093
201812 4.123 105.998 5.126
201903 4.550 107.251 5.590
201906 4.045 108.070 4.932
201909 4.215 108.329 5.127
201912 3.484 108.420 4.235
202003 3.649 108.902 4.415
202006 3.485 108.767 4.222
202009 4.534 109.815 5.441
202012 3.615 109.897 4.335
202103 3.391 111.754 3.999
202106 2.966 114.631 3.410
202109 2.756 115.734 3.138
202112 2.931 117.630 3.283
202203 2.539 121.301 2.758
202206 1.907 125.017 2.010
202209 1.893 125.227 1.992
202212 -0.579 125.222 -0.609
202303 0.549 127.348 0.568
202306 0.967 128.729 0.990
202309 0.853 129.860 0.866
202312 -0.311 129.419 -0.317
202403 1.160 131.776 1.160

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 Development Financial Holding  (TPE:2883) 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 Development Financial Holding Cyclically Adjusted PS Ratio Related Terms

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


China Development Financial Holding (TPE:2883) Business Description

Traded in Other Exchanges
N/A
Address
No. 135, Dunhua N. Road, Songshan District, Taipei, TWN, 105
China Development Financial Holding Corp is a financial services group catering primarily to the Taiwanese and Chinese markets. The company operates under four reportable segments: Venture Capital, which engages in investing, fundraising, and the management of private equity funds; Commercial Banking, which engages in consumer banking, corporate banking, and global market and financial institutions; Securities, which engages in wealth management, trading, and investment banking; and Insurance, which operates life insurance businesses. Most of its revenue is derived from noninterest income through the insurance segment.

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