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 Xinyi Glass Holdings's Median PS Value or its related term are showing as below:
HKSE:00868'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.54 Med: 0.96 Max: 2.05
Current: 0.68
During the past 13 years, the highest Price to Median PS Value of Xinyi Glass Holdings was 2.05. The lowest was 0.54. And the median was 0.96.
HKSE:00868's Price-to-Median-PS-Value is ranked better than 72.66% of 256
companies
in the Building Materials industry
Industry Median: 0.93
vs HKSE:00868: 0.68
Xinyi Glass Holdings Median PS Value Historical Data
The historical data trend for Xinyi Glass Holdings'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 Xinyi Glass Holdings's Median PS Value
For the Building Materials subindustry, Xinyi Glass Holdings'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.
Xinyi Glass Holdings's Price-to-Median-PS-Value Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Xinyi Glass Holdings's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 2.2628.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Xinyi Glass Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$6.439.
* 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.
Xinyi Glass Holdings (HKSE:00868) 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.
Xinyi Glass Holdings's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
9.89
/
14.57
=
0.68
* 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.
Xinyi Glass Holdings Median PS Value Related Terms
Thank you for viewing the detailed overview of Xinyi Glass Holdings's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinyi Glass Holdings (HKSE:00868) Business Description
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.
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