JD.com (BUE:JD) Cyclically Adjusted PS Ratio: 0.45 (As of Jul. 17, 2026) — 25% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:JD JD.com Inc BUE:JD
62 GF Score
Price ARS11,590.00
GF Value ARS15,100.58
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is JD.com Cyclically Adjusted PS Ratio?

JD.com BUE:JD +1.31% 62 Cyclically Adjusted PS Ratio is 0.45 as of Jul. 17, 2026, which is 25% below its 10-year median of 0.60. GuruFocus rates BUE:JD with a GF Score™ of 62/100 and a GF Value™ of ARS15,100.58 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 794 Retail - Cyclical companies, JD.com ranks better than 55.92% on this metric.

As of today (2026-07-17), JD.com's current share price is ARS11590.00. JD.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ARS25,783.63. JD.com's Cyclically Adjusted PS Ratio for today is 0.45.

The historical rank and industry rank for JD.com's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:JD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.6   Max: 1.73
Current: 0.42

During the past years, JD.com's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.36. And the median was 0.60.

BUE:JD's Cyclically Adjusted PS Ratio is ranked better than
55.92% of 794 companies
in the Retail - Cyclical industry
Industry Median: 0.495 vs BUE:JD: 0.42

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.

JD.com's adjusted revenue per share data for the three months ended in Mar. 2026 was ARS22,354.937. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS25,783.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com  (BUE:JD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


JD.com Cyclically Adjusted PS Ratio Related Terms


JD.com Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JD.com's Cyclically Adjusted 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.

JD.com Cyclically Adjusted PS Ratio Chart

JD.com Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.51 0.63 0.63 0.43

JD.com Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio 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 0.71 0.54 0.55 0.43 0.42

BUE:JD vs CPNG, EBAY, SE: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, JD.com'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.


JD.com Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JD.com's Cyclically Adjusted PS Ratio falls into.


BUE:JD
62GF Score
JD.com Inc BUE:JD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JD.com Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

JD.com's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11590.00/25783.63
=0.45

* 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.

JD.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, JD.com's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=22354.937/116.3033*116.3033
=22,354.937

Current CPI (Mar. 2026) = 116.3033.

JD.com Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 24.640 101.400 28.261
201609 23.369 102.400 26.542
201612 32.093 102.600 36.379
201703 29.123 103.200 32.821
201706 39.673 103.100 44.754
201709 38.189 104.100 42.666
201712 54.554 104.500 60.716
201803 54.327 105.300 60.004
201806 82.223 104.900 91.161
201809 95.122 106.600 103.781
201812 127.549 106.500 139.290
201903 119.438 107.700 128.979
201906 164.112 107.700 177.222
201909 178.393 109.800 188.959
201912 502.058 111.200 525.099
202003 215.524 112.300 223.207
202006 319.549 110.400 336.636
202009 297.549 111.700 309.811
202012 899.537 111.500 938.288
202103 876.245 112.662 904.570
202106 1,173.047 111.769 1,220.634
202109 1,039.319 112.215 1,077.180
202112 1,405.870 113.108 1,445.590
202203 1,301.596 114.335 1,324.007
202206 1,514.314 114.558 1,537.387
202209 1,515.480 115.339 1,528.154
202212 2,235.894 115.116 2,258.963
202303 2,190.259 115.116 2,212.857
202306 3,047.831 114.558 3,094.270
202309 3,746.893 115.339 3,778.229
202312 4,887.573 114.781 4,952.399
202403 9,676.529 115.227 9,766.906
202406 11,659.396 114.781 11,814.041
202409 11,524.574 115.785 11,576.183
202412 15,832.572 114.893 16,026.985
202503 14,588.220 115.116 14,738.733
202506 19,855.706 114.907 20,096.931
202509 19,208.936 115.471 19,347.325
202512 24,701.027 115.832 24,801.467
202603 22,354.937 116.303 22,354.937

Add all the adjusted revenue per share together and divide 10 will get our 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.

What does a Cyclically Adjusted PS Ratio of 0.45 mean?
JD.com (BUE:JD) has a Cyclically Adjusted PS Ratio of 0.45 as of Jul. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on JD.com and its competitors. This is 25% below median its historical median of 0.60. Over the past decade, JD.com's Cyclically Adjusted PS Ratio has ranged from 0.36 to 1.73. According to the industry distribution chart, JD.com ranks #350 out of 794 companies in the Retail - Cyclical industry, placing it in the top 44.1%.
Is JD.com's Cyclically Adjusted PS Ratio too high?
JD.com's current Cyclically Adjusted PS Ratio of 0.45 is 25% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.73. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. JD.com's value of 0.45 is 9.1% below this industry median. Based on the distribution chart, JD.com ranks #350 out of 794 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, JD.com has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JD.com's Cyclically Adjusted PS Ratio compare to CPNG and EBAY?
According to the Retail - Cyclical industry distribution chart, JD.com ranks #350 out of 794 companies for Cyclically Adjusted PS Ratio. This puts JD.com in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. JD.com's value of 0.45 is 9.1% below this benchmark. Historically, JD.com's own Cyclically Adjusted PS Ratio has ranged from 0.36 to 1.73 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.50, JD.com has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JD.com's current Cyclically Adjusted PS Ratio of 0.45 is 9.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on JD.com and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JD.com's current Cyclically Adjusted PS Ratio is 0.45, which is 25% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD.com stock overvalued right now?
Based on GuruFocus' analysis, JD.com (BUE:JD) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS15,100.58, compared to a current price of ARS11,590.00 — trading 23.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is 25% below median its 10-year median of 0.60 and 9.1% below the Retail - Cyclical industry median of 0.50. JD.com's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For JD.com (BUE:JD), the current Cyclically Adjusted PS Ratio is 0.45 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is JD.com (BUE:JD) Overvalued in 2026?

Based on GuruFocus' analysis, JD.com stock appears to be undervalued. The current stock price of ARS11,590.00 is trading 23.2% below its estimated GF Value™ of ARS15,100.58. GuruFocus considers JD.com to be Modestly Undervalued.

Key valuation signals for BUE:JD:

  • Cyclically Adjusted PS Ratio: 0.45 (25% below median its 10-year median of 0.60)
  • GF Value™: ARS15,100.58 vs. price of ARS11,590.00 (23.2% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 9.1% below the Retail - Cyclical median (#350 of 794)

No single metric tells the full story. See the BUE:JD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JD.com Business Description

Address No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by gross merchandise volume in 2025. It offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace, and omnichannel businesses.
62GF Score

Get the complete analysis for BUE:JD

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS11,590.00
Price
ARS15,100.58
GF Value