The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, China Telecom's share price is HK$4.20.
China Telecom's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was HK$6.10. Hence, China Telecom's PS Ratio for today is 0.69.
Warning Sign:
China Telecom Corp Ltd stock PS Ratio (=0.69) is close to 5-year high of 0.74
The historical rank and industry rank for China Telecom's PS Ratio or its related term are showing as below:
HKSE:00728'
s PS Ratio Range Over the Past 10 Years
Min: 0.36 Med: 0.69 Max: 1.2
Current: 0.69
During the past 13 years, China Telecom's highest PS Ratio was 1.20. The lowest was 0.36. And the median was 0.69.
HKSE:00728's PS Ratio is ranked better than 69.03% of 381
companies
in the Telecommunication Services industry
Industry Median: 1.28
vs HKSE:00728: 0.69
China Telecom Corp Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of China Telecom was -0.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 3.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.40% per year.
During the past 13 years, China Telecom's highest 3-Year average Revenue per Share Growth Rate was 24.50% per year. The lowest was -1.30% per year. And the median was 7.05% per year.
Back to Basics: PS Ratio
China Telecom PS Ratio Historical Data
The historical data trend for China Telecom's 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.
Competitive Comparison of China Telecom's PS Ratio
For the Telecom Services subindustry, China Telecom's PS Ratio, along with its competitors' market caps and 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 Telecom's PS Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Telecom's PS Ratio distribution charts can be found below:
* The bar in red indicates where China Telecom's PS Ratio falls into.
China Telecom PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
China Telecom's Share Price of today is HK$4.20. China Telecom'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 HK$6.10.
* 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.
It can also be calculated from the numbers for the whole company:
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
China Telecom PS Ratio Related Terms
Thank you for viewing the detailed overview of China Telecom's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.
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