Bank of Communications Co (FRA:C4C) Cyclically Adjusted PS Ratio: 2.35 (As of Aug. 03, 2026) — 11% Above 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:C4C Bank of Communications Co Ltd FRA:C4C
45 GF Score
Price €0.82
GF Value €0.76
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Bank of Communications Co Cyclically Adjusted PS Ratio?

Bank of Communications Co FRA:C4C -2.35% 45 Cyclically Adjusted PS Ratio is 2.35 as of Aug. 03, 2026, which is 11% above its 10-year median of 2.12. GuruFocus rates FRA:C4C with a GF Score™ of 45/100 and a GF Value™ of €0.76 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,299 Banks companies, Bank of Communications Co ranks better than 72.13% on this metric.

As of today (2026-08-03), Bank of Communications Co's current share price is €0.8226. Bank of Communications Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.35. Bank of Communications Co's Cyclically Adjusted PS Ratio for today is 2.35.

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

FRA:C4C' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.12   Max: 2.97
Current: 2.24

During the past years, Bank of Communications Co's highest Cyclically Adjusted PS Ratio was 2.97. The lowest was 1.44. And the median was 2.12.

FRA:C4C's Cyclically Adjusted PS Ratio is ranked better than
72.13% of 1299 companies
in the Banks industry
Industry Median: 3.4 vs FRA:C4C: 2.24

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.

Bank of Communications Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.100. 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 €0.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Communications Co  (FRA:C4C) 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.


Bank of Communications Co Cyclically Adjusted PS Ratio Related Terms


Bank of Communications Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank of Communications 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.

Bank of Communications Co Cyclically Adjusted PS Ratio Chart

Bank of Communications 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 1.53 1.52 1.82 2.43 2.25

Bank of Communications 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 2.32 2.49 2.09 2.25 2.18

FRA:C4C vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Bank of Communications 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.


Bank of Communications Co Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank of Communications Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:C4C
45GF Score
Bank of Communications Co Ltd FRA:C4C
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Communications 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.

Bank of Communications Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.8226/0.35
=2.35

* 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.

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

For example, Bank of Communications 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)
=0.1/116.3033*116.3033
=0.100

Current CPI (Mar. 2026) = 116.3033.

Bank of Communications Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.084 101.400 0.096
201609 0.080 102.400 0.091
201612 0.082 102.600 0.093
201703 0.115 103.200 0.130
201706 0.079 103.100 0.089
201709 0.083 104.100 0.093
201712 0.079 104.500 0.088
201803 0.090 105.300 0.099
201806 0.083 104.900 0.092
201809 0.100 106.600 0.109
201812 0.097 106.500 0.106
201903 0.121 107.700 0.131
201906 0.088 107.700 0.095
201909 0.100 109.800 0.106
201912 0.100 111.200 0.105
202003 0.109 112.300 0.113
202006 0.112 110.400 0.118
202009 0.088 111.700 0.092
202012 0.109 111.500 0.114
202103 0.133 112.662 0.137
202106 0.108 111.769 0.112
202109 0.105 112.215 0.109
202112 0.101 113.108 0.104
202203 0.121 114.335 0.123
202206 0.112 114.558 0.114
202209 0.109 115.339 0.110
202212 0.106 115.116 0.107
202303 0.121 115.116 0.122
202306 0.103 114.558 0.105
202309 0.092 115.339 0.093
202312 0.099 114.781 0.100
202403 0.116 115.227 0.117
202406 0.094 114.781 0.095
202409 0.093 115.785 0.093
202412 0.107 114.893 0.108
202503 0.113 115.116 0.114
202506 0.098 114.907 0.099
202509 0.069 115.471 0.069
202512 0.086 115.832 0.086
202603 0.100 116.303 0.100

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 2.35 mean?
Bank of Communications Co (FRA:C4C) has a Cyclically Adjusted PS Ratio of 2.35 as of Aug. 03, 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 Bank of Communications Co and its competitors. This is 11% above median its historical median of 2.12. Over the past decade, Bank of Communications Co's Cyclically Adjusted PS Ratio has ranged from 1.44 to 2.97. According to the industry distribution chart, Bank of Communications Co ranks #362 out of 1299 companies in the Banks industry, placing it in the top 27.9%.
Is Bank of Communications Co's Cyclically Adjusted PS Ratio too high?
Bank of Communications Co's current Cyclically Adjusted PS Ratio of 2.35 is 11% above median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 2.97. The Banks industry median Cyclically Adjusted PS Ratio is 3.40. Bank of Communications Co's value of 2.35 is 30.9% below this industry median. Based on the distribution chart, Bank of Communications Co ranks #362 out of 1299 companies in the Banks industry, which is above the industry midpoint. Overall, Bank of Communications Co has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank of Communications Co's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Communications Co ranks #362 out of 1299 companies for Cyclically Adjusted PS Ratio. This puts Bank of Communications Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.40. Bank of Communications Co's value of 2.35 is 30.9% below this benchmark. Historically, Bank of Communications Co's own Cyclically Adjusted PS Ratio has ranged from 1.44 to 2.97 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 3.40, Bank of Communications Co 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.40, based on 1,299 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. Bank of Communications Co's current Cyclically Adjusted PS Ratio of 2.35 is 30.9% 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 Bank of Communications Co and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Communications Co's current Cyclically Adjusted PS Ratio is 2.35, which is 11% above median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Communications Co stock overvalued right now?
Based on GuruFocus' analysis, Bank of Communications Co (FRA:C4C) is currently considered Fairly Valued. The stock's GF Value™ is €0.76, compared to a current price of €0.82 — trading 8.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.35, which is 11% above median its 10-year median of 2.12 and 30.9% below the Banks industry median of 3.40. Bank of Communications Co's overall GF Score™ is 45/100 with 6 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 Bank of Communications Co (FRA:C4C), the current Cyclically Adjusted PS Ratio is 2.35 as of Aug. 03, 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 Bank of Communications Co (FRA:C4C) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Communications Co stock appears to be overvalued. The current stock price of €0.82 is trading 8.2% above its estimated GF Value™ of €0.76. GuruFocus considers Bank of Communications Co to be Fairly Valued.

Key valuation signals for FRA:C4C:

  • Cyclically Adjusted PS Ratio: 2.35 (11% above median its 10-year median of 2.12)
  • GF Value™: €0.76 vs. price of €0.82 (8.2% above fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 30.9% below the Banks median (#362 of 1299)

No single metric tells the full story. See the FRA:C4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of Communications Co Business Description

Address No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications stands as the only nationwide state-owned commercial bank headquartered in Shanghai and ranks among China's four oldest financial institutions. Following its 1987 restructuring as the nation's first state-owned shareholding commercial bank, Bocom is now executing a strategic pivot toward becoming a global wealth management institution with integrated operations spanning insurance, brokerage, trust, and asset management.The bank operates a comprehensive financial services platform encompassing corporate finance, personal banking, and money market activities. Bocom plays a strategic role in RMB internationalization as one of the inaugural participants in the Cross-Border Interbank Payment System.
45GF Score

Get the complete analysis for FRA:C4C

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

€0.82
Price
€0.76
GF Value