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Guosen Securities Co (SZSE:002736) Cyclically Adjusted Revenue per Share : ¥1.89 (As of Mar. 2024)


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What is Guosen Securities Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Guosen Securities Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.240. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ¥1.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Guosen Securities Co's average Cyclically Adjusted Revenue Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Guosen Securities Co was 2.20% per year. The lowest was 2.20% per year. And the median was 2.20% per year.

As of today (2024-05-22), Guosen Securities Co's current stock price is ¥8.89. Guosen Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥1.89. Guosen Securities Co's Cyclically Adjusted PS Ratio of today is 4.70.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Guosen Securities Co was 7.92. The lowest was 4.13. And the median was 5.18.


Guosen Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Guosen Securities Co's Cyclically Adjusted Revenue per Share 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.

Guosen Securities Co Cyclically Adjusted Revenue per Share Chart

Guosen Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.78 1.85 1.86 1.90

Guosen Securities 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 Revenue per Share 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 1.86 1.86 1.89 1.90 1.89

Competitive Comparison of Guosen Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Guosen Securities 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.


Guosen Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Guosen Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Guosen Securities Co's Cyclically Adjusted PS Ratio falls into.



Guosen Securities Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Guosen Securities 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)
=0.24/115.2271*115.2271
=0.240

Current CPI (Mar. 2024) = 115.2271.

Guosen Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.270 98.200 0.317
201409 0.421 98.900 0.491
201412 0.609 99.000 0.709
201503 0.779 99.900 0.899
201506 1.330 99.500 1.540
201509 0.538 100.500 0.617
201512 0.855 100.600 0.979
201603 0.334 102.200 0.377
201606 0.406 101.400 0.461
201609 0.411 102.400 0.462
201612 0.384 102.600 0.431
201703 0.315 103.200 0.352
201706 0.290 103.100 0.324
201709 0.356 104.100 0.394
201712 0.358 104.500 0.395
201803 0.246 105.300 0.269
201806 0.164 104.900 0.180
201809 0.258 106.600 0.279
201812 0.425 106.500 0.460
201903 0.421 107.700 0.450
201906 0.313 107.700 0.335
201909 0.398 109.800 0.418
201912 0.411 111.200 0.426
202003 0.451 112.300 0.463
202006 0.447 110.400 0.467
202009 0.640 111.700 0.660
202012 0.459 111.500 0.474
202103 0.393 112.662 0.402
202106 0.560 111.769 0.577
202109 0.618 112.215 0.635
202112 0.630 113.108 0.642
202203 0.216 114.335 0.218
202206 0.557 114.558 0.560
202209 0.387 115.339 0.387
202212 0.209 115.116 0.209
202303 0.339 115.116 0.339
202306 0.347 114.558 0.349
202309 0.336 115.339 0.336
202312 0.400 114.781 0.402
202403 0.240 115.227 0.240

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Guosen Securities Co  (SZSE:002736) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Guosen Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.89/1.89
=4.70

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Guosen Securities Co was 7.92. The lowest was 4.13. And the median was 5.18.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Guosen Securities Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Guosen Securities Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Guosen Securities Co (SZSE:002736) Business Description

Traded in Other Exchanges
N/A
Address
1012 Hongling Middle Road, Floors 16 to 26 of Guoxin Securities Building, Luohu District, Guangdong, Shenzhen, CHN, 518001
Guosen Securities Co Ltd is a national securities company. It offers investment banking, financial engineering and asset management services.

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