BYD Co (FRA:BY6) Cyclically Adjusted PS Ratio: 2.17 (As of Jul. 23, 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:BY6 BYD Co Ltd FRA:BY6
92 GF Score
Price €9.86
GF Value €13.31
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is BYD Co Cyclically Adjusted PS Ratio?

BYD Co FRA:BY6 -1.12% 92 Cyclically Adjusted PS Ratio is 2.17 as of Jul. 23, 2026, which is 32% below its 10-year median of 3.17. GuruFocus rates FRA:BY6 with a GF Score™ of 92/100 and a GF Value™ of €13.31 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,041 Vehicles & Parts companies, BYD Co ranks worse than 79.54% on this metric.

As of today (2026-07-23), BYD Co's current share price is €9.86. BYD Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €4.54. BYD Co's Cyclically Adjusted PS Ratio for today is 2.17.

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

FRA:BY6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.27   Med: 3.17   Max: 8.23
Current: 2.31

During the past years, BYD Co's highest Cyclically Adjusted PS Ratio was 8.23. The lowest was 1.27. And the median was 3.17.

FRA:BY6's Cyclically Adjusted PS Ratio is ranked worse than
79.54% of 1041 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs FRA:BY6: 2.31

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.

BYD Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.068. 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 €4.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BYD Co  (FRA:BY6) 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.


BYD Co Cyclically Adjusted PS Ratio Related Terms


BYD Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BYD Co'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.

BYD Co Cyclically Adjusted PS Ratio Chart

BYD Co 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 6.54 4.76 2.70 3.05 2.51

BYD Co 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 3.83 3.21 2.99 2.51 2.60

FRA:BY6 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, BYD Co'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.


BYD Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:BY6
92GF Score
BYD Co Ltd FRA:BY6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BYD Co 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.

BYD Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.86/4.54
=2.17

* 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.

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

For example, BYD Co'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)
=2.068/121.4731*121.4731
=2.068

Current CPI (Mar. 2026) = 121.4731.

BYD Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.438 101.686 0.523
201609 0.468 102.565 0.554
201612 0.503 103.225 0.592
201703 0.314 103.335 0.369
201706 0.372 103.664 0.436
201709 0.426 103.994 0.498
201712 0.472 104.984 0.546
201803 0.207 105.973 0.237
201806 0.352 106.193 0.403
201809 0.499 106.852 0.567
201812 0.670 107.622 0.756
201903 0.444 108.172 0.499
201906 0.464 109.601 0.514
201909 0.225 110.260 0.248
201912 0.397 110.700 0.436
202003 0.150 110.920 0.164
202006 0.575 110.590 0.632
202009 0.655 107.512 0.740
202012 0.760 109.711 0.841
202103 0.594 111.579 0.647
202106 0.779 111.360 0.850
202109 0.822 109.051 0.916
202112 1.146 112.349 1.239
202203 1.104 113.558 1.181
202206 1.355 113.448 1.451
202209 1.916 113.778 2.046
202212 2.421 114.548 2.567
202303 1.867 115.427 1.965
202306 2.071 115.647 2.175
202309 2.385 116.087 2.496
202312 2.637 117.296 2.731
202403 1.828 117.735 1.886
202406 0.430 117.296 0.445
202409 2.933 118.615 3.004
202412 4.130 118.945 4.218
202503 2.467 119.384 2.510
202506 2.600 119.055 2.653
202509 2.534 119.934 2.567
202512 3.166 120.704 3.186
202603 2.068 121.473 2.068

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 2.17 mean?
BYD Co (FRA:BY6) has a Cyclically Adjusted PS Ratio of 2.17 as of Jul. 23, 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 BYD Co and its competitors. This is 32% below median its historical median of 3.17. Over the past decade, BYD Co's Cyclically Adjusted PS Ratio has ranged from 1.27 to 8.23. According to the industry distribution chart, BYD Co ranks #828 out of 1041 companies in the Vehicles & Parts industry, placing it in the top 79.5%.
Is BYD Co's Cyclically Adjusted PS Ratio too high?
BYD Co's current Cyclically Adjusted PS Ratio of 2.17 is 32% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 8.23. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. BYD Co's value of 2.17 is 193.2% above this industry median. Based on the distribution chart, BYD Co ranks #828 out of 1041 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, BYD Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BYD Co's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, BYD Co ranks #828 out of 1041 companies for Cyclically Adjusted PS Ratio. This places BYD Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. BYD Co's value of 2.17 is 193.2% above this benchmark. Historically, BYD Co's own Cyclically Adjusted PS Ratio has ranged from 1.27 to 8.23 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 0.74, BYD Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,041 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. BYD Co's current Cyclically Adjusted PS Ratio of 2.17 is 193.2% 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 BYD Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BYD Co's current Cyclically Adjusted PS Ratio is 2.17, which is 32% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BYD Co stock overvalued right now?
Based on GuruFocus' analysis, BYD Co (FRA:BY6) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.31, compared to a current price of €9.86 — trading 25.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.17, which is 32% below median its 10-year median of 3.17 and 193.2% above the Vehicles & Parts industry median of 0.74. BYD Co's overall GF Score™ is 92/100 with 7 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 BYD Co (FRA:BY6), the current Cyclically Adjusted PS Ratio is 2.17 as of Jul. 23, 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 BYD Co (FRA:BY6) Overvalued in 2026?

Based on GuruFocus' analysis, BYD Co stock appears to be undervalued. The current stock price of €9.86 is trading 25.9% below its estimated GF Value™ of €13.31. GuruFocus considers BYD Co to be Modestly Undervalued.

Key valuation signals for FRA:BY6:

  • Cyclically Adjusted PS Ratio: 2.17 (32% below median its 10-year median of 3.17)
  • GF Value™: €13.31 vs. price of €9.86 (25.9% below fair value)
  • GF Score™: 92/100 with 7 warning signs
  • Industry Position: 193.2% above the Vehicles & Parts median (#828 of 1041)

No single metric tells the full story. See the FRA:BY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BYD Co Business Description

Address Unit 505-510, 1 Science Park E Avenue, 5th Floor, Core Building 1E, Pak Shek Kok, Tai Po, HKG
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
92GF Score

Get the complete analysis for FRA:BY6

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

€9.86
Price
€13.31
GF Value