CTOWY (China Tower) Cyclically Adjusted PS Ratio: 2.18 (As of Jul. 18, 2026) — 12% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CTOWY China Tower Corp Ltd CTOWY
68 GF Score
Price $14.93
GF Value $17.96
Valuation Fairly Valued
! 4 Warning Signs
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What is China Tower Cyclically Adjusted PS Ratio?

China Tower CTOWY 68 Cyclically Adjusted PS Ratio is 2.18 as of Jul. 18, 2026, which is 12% below its 10-year median of 2.47. GuruFocus rates CTOWY with a GF Score™ of 68/100 and a GF Value™ of $17.96 (Fairly Valued). The stock has 4 warning signs investors should review. Among 301 Telecommunication Services companies, China Tower ranks worse than 63.12% on this metric.

As of today (2026-07-18), China Tower's current share price is $14.93. China Tower's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $6.84. China Tower's Cyclically Adjusted PS Ratio for today is 2.18.

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

CTOWY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.75   Med: 2.47   Max: 2.77
Current: 1.82

During the past 11 years, China Tower's highest Cyclically Adjusted PS Ratio was 2.77. The lowest was 1.75. And the median was 2.47.

CTOWY's Cyclically Adjusted PS Ratio is ranked worse than
63.12% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs CTOWY: 1.82

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.

China Tower's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $8.155. 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 $6.84 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Tower  (OTCPK:CTOWY) 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.


China Tower Cyclically Adjusted PS Ratio Related Terms


China Tower Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Tower'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.

China Tower Cyclically Adjusted PS Ratio Chart

China Tower 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 0.00 0.00 2.51 2.27

China Tower Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 2.51 0.00 2.27

CTOWY vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, China Tower'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.


China Tower Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Tower's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CTOWY
68GF Score
China Tower Corp Ltd CTOWY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Tower 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.

China Tower's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.93/6.84
=2.18

* 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.

China Tower's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Tower's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=8.155/115.8323*115.8323
=8.155

Current CPI (Dec25) = 115.8323.

China Tower Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 4.692 102.600 5.297
201712 5.958 104.500 6.604
201812 7.026 106.500 7.642
201912 6.204 111.200 6.462
202012 7.092 111.500 7.368
202112 7.776 113.108 7.963
202212 7.563 115.116 7.610
202312 7.532 114.781 7.601
202412 0.768 114.893 0.774
202512 8.155 115.832 8.155

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 2.18 mean?
China Tower (CTOWY) has a Cyclically Adjusted PS Ratio of 2.18 as of Jul. 18, 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 China Tower and its competitors. This is 12% below median its historical median of 2.47. Over the past decade, China Tower's Cyclically Adjusted PS Ratio has ranged from 1.75 to 2.77. According to the industry distribution chart, China Tower ranks #190 out of 301 companies in the Telecommunication Services industry, placing it in the top 63.1%.
Is China Tower's Cyclically Adjusted PS Ratio too high?
China Tower's current Cyclically Adjusted PS Ratio of 2.18 is 12% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 2.77. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. China Tower's value of 2.18 is 86.3% above this industry median. Based on the distribution chart, China Tower ranks #190 out of 301 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, China Tower has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Tower's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Tower ranks #190 out of 301 companies for Cyclically Adjusted PS Ratio. This places China Tower in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. China Tower's value of 2.18 is 86.3% above this benchmark. Historically, China Tower's own Cyclically Adjusted PS Ratio has ranged from 1.75 to 2.77 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 1.17, China Tower has consistently been above 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 301 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. China Tower's current Cyclically Adjusted PS Ratio of 2.18 is 86.3% above 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 China Tower and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tower's current Cyclically Adjusted PS Ratio is 2.18, which is 12% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tower stock overvalued right now?
Based on GuruFocus' analysis, China Tower (CTOWY) is currently considered Fairly Valued. The stock's GF Value™ is $17.96, compared to a current price of $14.93 — trading 16.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.18, which is 12% below median its 10-year median of 2.47 and 86.3% above the Telecommunication Services industry median of 1.17. China Tower's overall GF Score™ is 68/100 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 China Tower (CTOWY), the current Cyclically Adjusted PS Ratio is 2.18 as of Jul. 18, 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 China Tower (CTOWY) Overvalued in 2026?

Based on GuruFocus' analysis, China Tower stock appears to be undervalued. The current stock price of $14.93 is trading 16.9% below its estimated GF Value™ of $17.96. GuruFocus considers China Tower to be Fairly Valued.

Key valuation signals for CTOWY:

  • Cyclically Adjusted PS Ratio: 2.18 (12% below median its 10-year median of 2.47)
  • GF Value™: $17.96 vs. price of $14.93 (16.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 86.3% above the Telecommunication Services median (#190 of 301)

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


China Tower Business Description

Address Yard No. 9, Dongran North Street, Room 101, LG1 to 3rd Floor, Building 14, North District, Haidian District, Beijing, CHN
China Tower Corp Ltd is a telecommunications tower infrastructure service provider. It is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The Group's various operating divisions are Tower business, DAS business, Smart Tower business, and Energy business. Geographically, the Group derives all of its revenue from Mainland China.
68GF Score

Get the complete analysis for CTOWY

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

$14.93
Price
$17.96
GF Value