Gulf Resources (FRA:R29) Cyclically Adjusted PS Ratio: (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
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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.

FRA:R29 Gulf Resources Inc FRA:R29
44 GF Score
Price €4.16
GF Value €9.95
! 4 Warning Signs
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What is Gulf Resources Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Resources  (FRA:R29) 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.


Gulf Resources Cyclically Adjusted PS Ratio Related Terms


Gulf Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Resources'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.

Gulf Resources Cyclically Adjusted PS Ratio Chart

Gulf Resources 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 0.37 0.29 0.18 0.08 0.07

Gulf Resources 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 0.10 0.10 0.09 0.07 0.12

FRA:R29 vs GLGI, YMAT, SNES: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Gulf Resources'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.


Gulf Resources Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gulf Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:R29
44GF Score
Gulf Resources Inc FRA:R29
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Resources 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.

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

For example, Gulf Resources'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)
=1.513/116.3033*116.3033
=1.513

Current CPI (Mar. 2026) = 116.3033.

Gulf Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 45.407 101.400 52.081
201609 37.344 102.400 42.414
201612 28.731 102.600 32.568
201703 32.753 103.200 36.912
201706 45.196 103.100 50.984
201709 21.324 104.100 23.824
201712 3.032 104.500 3.374
201803 1.945 105.300 2.148
201806 0.004 104.900 0.004
201809 0.314 106.600 0.343
201812 0.000 106.500 0.000
201903 0.037 107.700 0.040
201906 5.633 107.700 6.083
201909 4.338 109.800 4.595
201912 0.000 111.200 0.000
202003 0.530 112.300 0.549
202006 4.999 110.400 5.266
202009 9.299 111.700 9.682
202012 9.706 111.500 10.124
202103 4.418 112.662 4.561
202106 8.838 111.769 9.197
202109 14.414 112.215 14.939
202112 17.624 113.108 18.122
202203 7.745 114.335 7.878
202206 14.197 114.558 14.413
202209 22.055 115.339 22.239
202212 20.078 115.116 20.285
202303 8.330 115.116 8.416
202306 7.085 114.558 7.193
202309 5.269 115.339 5.313
202312 6.029 114.781 6.109
202403 1.120 115.227 1.130
202406 2.063 114.781 2.090
202409 1.850 115.785 1.858
202412 1.624 114.893 1.644
202503 1.269 115.116 1.282
202506 5.419 114.907 5.485
202509 5.691 115.471 5.732
202512 4.053 115.832 4.069
202603 1.513 116.303 1.513

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.

Is Gulf Resources (FRA:R29) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Resources stock appears to be undervalued. The current stock price of €4.16 is trading 58.2% below its estimated GF Value™ of €9.95.

Key valuation signals for FRA:R29:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.95 vs. price of €4.16 (58.2% below fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the FRA:R29 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gulf Resources Business Description

Other Exchanges GURE:USA
Address Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700
Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants.
44GF Score

Get the complete analysis for FRA:R29

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

€4.16
Price
€9.95
GF Value