This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Joy City Property's Median PS Value or its related term are showing as below:
HKSE:00207'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.19 Med: 0.19 Max: 0.22
Current: 0.21
During the past 13 years, the highest Price to Median PS Value of Joy City Property was 0.22. The lowest was 0.19. And the median was 0.19.
HKSE:00207's Price-to-Median-PS-Value is ranked better than 90.58% of 1051
companies
in the Real Estate industry
Industry Median: 0.87
vs HKSE:00207: 0.21
Joy City Property Median PS Value Historical Data
The historical data trend for Joy City Property's Median PS Value 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.
Competitive Comparison of Joy City Property's Median PS Value
For the Real Estate - Diversified subindustry, Joy City Property's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Joy City Property's Price-to-Median-PS-Value Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Joy City Property's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Joy City Property's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 1.1721.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Joy City Property's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0.947.
* 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.
Joy City Property (HKSE:00207) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Joy City Property's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
0.238
/
1.11
=
0.21
* 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.
Joy City Property Median PS Value Related Terms
Thank you for viewing the detailed overview of Joy City Property's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Joy City Property (HKSE:00207) Business Description
Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.
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