Jiangsu Expressway Co (FRA:JE2) Cyclically Adjusted PS Ratio: 4.28 (As of Jul. 30, 2026) — 18% Below Median

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FRA:JE2 Jiangsu Expressway Co Ltd FRA:JE2
85 GF Score
Price €1.07
GF Value €1.19
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Jiangsu Expressway Co Cyclically Adjusted PS Ratio?

Jiangsu Expressway Co FRA:JE2 +0.94% 85 Cyclically Adjusted PS Ratio is 4.28 as of Jul. 30, 2026, which is 18% below its 10-year median of 5.25. GuruFocus rates FRA:JE2 with a GF Score™ of 85/100 and a GF Value™ of €1.19 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,357 Construction companies, Jiangsu Expressway Co ranks worse than 91.75% on this metric.

As of today (2026-07-30), Jiangsu Expressway Co's current share price is €1.07. Jiangsu Expressway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.25. Jiangsu Expressway Co's Cyclically Adjusted PS Ratio for today is 4.28.

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

FRA:JE2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.39   Med: 5.25   Max: 6.37
Current: 4.42

During the past years, Jiangsu Expressway Co's highest Cyclically Adjusted PS Ratio was 6.37. The lowest was 3.39. And the median was 5.25.

FRA:JE2's Cyclically Adjusted PS Ratio is ranked worse than
91.75% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs FRA:JE2: 4.42

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.

Jiangsu Expressway Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.113. 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 €0.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Expressway Co  (FRA:JE2) 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.


Jiangsu Expressway Co Cyclically Adjusted PS Ratio Related Terms


Jiangsu Expressway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Cyclically Adjusted PS Ratio Chart

Jiangsu Expressway 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 4.25 3.84 4.54 6.09 4.42

Jiangsu Expressway 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 5.95 5.89 4.77 4.42 4.31

Jiangsu Expressway Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.


Jiangsu Expressway Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:JE2
85GF Score
Jiangsu Expressway Co Ltd FRA:JE2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Expressway 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.07/0.25
=4.28

* 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.

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

For example, Jiangsu Expressway 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)
=0.113/116.3033*116.3033
=0.113

Current CPI (Mar. 2026) = 116.3033.

Jiangsu Expressway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.054 101.400 0.062
201609 0.058 102.400 0.066
201612 0.080 102.600 0.091
201703 0.062 103.200 0.070
201706 0.062 103.100 0.070
201709 0.059 104.100 0.066
201712 0.063 104.500 0.070
201803 0.072 105.300 0.080
201806 0.061 104.900 0.068
201809 0.062 106.600 0.068
201812 0.059 106.500 0.064
201903 0.062 107.700 0.067
201906 0.063 107.700 0.068
201909 0.067 109.800 0.071
201912 0.066 111.200 0.069
202003 0.025 112.300 0.026
202006 0.042 110.400 0.044
202009 0.066 111.700 0.069
202012 0.067 111.500 0.070
202103 0.061 112.662 0.063
202106 0.068 111.769 0.071
202109 0.076 112.215 0.079
202112 0.174 113.108 0.179
202203 0.078 114.335 0.079
202206 0.060 114.558 0.061
202209 0.132 115.339 0.133
202212 0.101 115.116 0.102
202303 0.098 115.116 0.099
202306 0.090 114.558 0.091
202309 0.114 115.339 0.115
202312 0.091 114.781 0.092
202403 0.088 115.227 0.089
202406 0.165 114.781 0.167
202409 0.104 115.785 0.104
202412 0.238 114.893 0.241
202503 0.121 115.116 0.122
202506 0.111 114.907 0.112
202509 0.085 115.471 0.086
202512 0.176 115.832 0.177
202603 0.113 116.303 0.113

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 4.28 mean?
Jiangsu Expressway Co (FRA:JE2) has a Cyclically Adjusted PS Ratio of 4.28 as of Jul. 30, 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 Jiangsu Expressway Co and its competitors. This is 18% below median its historical median of 5.25. Over the past decade, Jiangsu Expressway Co's Cyclically Adjusted PS Ratio has ranged from 3.39 to 6.37. According to the industry distribution chart, Jiangsu Expressway Co ranks #1245 out of 1357 companies in the Construction industry, placing it in the top 91.7%.
Is Jiangsu Expressway Co's Cyclically Adjusted PS Ratio too high?
Jiangsu Expressway Co's current Cyclically Adjusted PS Ratio of 4.28 is 18% below median its 10-year median of 5.25. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 6.37. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Jiangsu Expressway Co's value of 4.28 is 511.4% above this industry median. Based on the distribution chart, Jiangsu Expressway Co ranks #1245 out of 1357 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Jiangsu Expressway Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Expressway Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Construction industry distribution chart, Jiangsu Expressway Co ranks #1245 out of 1357 companies for Cyclically Adjusted PS Ratio. This places Jiangsu Expressway Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Jiangsu Expressway Co's value of 4.28 is 511.4% above this benchmark. Historically, Jiangsu Expressway Co's own Cyclically Adjusted PS Ratio has ranged from 3.39 to 6.37 over the past decade. While the company's 10-year median is 5.25 vs. the industry median of 0.70, Jiangsu Expressway 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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. Jiangsu Expressway Co's current Cyclically Adjusted PS Ratio of 4.28 is 511.4% 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 Jiangsu Expressway Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Expressway Co's current Cyclically Adjusted PS Ratio is 4.28, which is 18% below median its own 10-year median of 5.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Expressway Co (FRA:JE2) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.19, compared to a current price of €1.07 — trading 10.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.28, which is 18% below median its 10-year median of 5.25 and 511.4% above the Construction industry median of 0.70. Jiangsu Expressway Co's overall GF Score™ is 85/100 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 Jiangsu Expressway Co (FRA:JE2), the current Cyclically Adjusted PS Ratio is 4.28 as of Jul. 30, 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 Jiangsu Expressway Co (FRA:JE2) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Expressway Co stock appears to be undervalued. The current stock price of €1.07 is trading 10.1% below its estimated GF Value™ of €1.19. GuruFocus considers Jiangsu Expressway Co to be Modestly Undervalued.

Key valuation signals for FRA:JE2:

  • Cyclically Adjusted PS Ratio: 4.28 (18% below median its 10-year median of 5.25)
  • GF Value™: €1.19 vs. price of €1.07 (10.1% below fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 511.4% above the Construction median (#1245 of 1357)

No single metric tells the full story. See the FRA:JE2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Expressway Co Business Description

Address 6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway, Ningchang Expressway and Zhenli Expressway, Guangjing Expressway and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Zhendan Expressway, Wufengshan Bridge, Changyi Expressway, Yichang Expressway, Longtan Bridge, Xitai Expressway, Danjin Expressway, ancillary services (including petrol, food and retail in service zones along the expressways), real estate development, sales of electricity and advertising and others. The Shanghai-Nanjing Expressway is the maximum revenue driver.
85GF Score

Get the complete analysis for FRA:JE2

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

€1.07
Price
€1.19
GF Value