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Shanghai Beite Technology Co (SHSE:603009) Median PS Value : ¥11.36 (As of May. 30, 2024)


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What is Shanghai Beite Technology Co Median PS Value?

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.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Shanghai Beite Technology Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5.447. Shanghai Beite Technology Co's 10-Year median PS Ratio is 2.0856. Therefore, the Median PS Value for today is ¥11.36.

As of today (2024-05-30), Shanghai Beite Technology Co's share price is ¥19.00. Shanghai Beite Technology Co's Median PS Value is ¥11.36. Therefore, Shanghai Beite Technology Co's Price to Median PS Value for today is 1.67.

The historical rank and industry rank for Shanghai Beite Technology Co's Median PS Value or its related term are showing as below:

SHSE:603009' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 1.34   Med: 1.34   Max: 1.68
Current: 1.67

During the past 13 years, the highest Price to Median PS Value of Shanghai Beite Technology Co was 1.68. The lowest was 1.34. And the median was 1.34.

SHSE:603009's Price-to-Median-PS-Value is ranked worse than
85.49% of 765 companies
in the Vehicles & Parts industry
Industry Median: 0.89 vs SHSE:603009: 1.67

Shanghai Beite Technology Co Median PS Value Historical Data

The historical data trend for Shanghai Beite Technology Co'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.

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Shanghai Beite Technology Co Median PS Value Chart

Shanghai Beite Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Median PS Value
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Shanghai Beite Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Median PS Value 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 - - - - 11.36

Competitive Comparison of Shanghai Beite Technology Co's Median PS Value

For the Auto Parts subindustry, Shanghai Beite Technology Co'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.


Shanghai Beite Technology Co's Price-to-Median-PS-Value Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Beite Technology Co's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where Shanghai Beite Technology Co's Price-to-Median-PS-Value falls into.



Shanghai Beite Technology Co Median PS Value Calculation

Shanghai Beite Technology Co's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=5.447*2.0856
=11.36

10-Year Median PS Ratio is 2.0856.
Shanghai Beite Technology Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥5.447.

* 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.


Shanghai Beite Technology Co  (SHSE:603009) 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.

Shanghai Beite Technology Co's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=19.00/11.36
=1.67

* 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.


Shanghai Beite Technology Co Median PS Value Related Terms

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Shanghai Beite Technology Co (SHSE:603009) Business Description

Traded in Other Exchanges
N/A
Address
No 2488 Gaoshi Road, Jiading District, Shanghai, IND, 201816
Shanghai Beite Technology Co Ltd provides metal products for steering and shock absorber piston rod customers primarily in China. Its products include rack blanks, semi-finished racks, finished racks, finished valve sleeves, semi-finished input shafts, semi-finished worm shafts, pinion blanks, semi-finished pinions, piston rod blanks, semi-finished piston rods, and finished piston rods.
Executives
Jin Kun Director
Xu Hong Fei senior management
Cao Qing Supervisors
Cai Xiang Dong senior management
Liu Chun Mei senior management
Cao Xian Bin Supervisors
Tao Wan Yin Director
Jin Xiao Tang Director

Shanghai Beite Technology Co (SHSE:603009) Headlines

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