Hong Kong Technology Venture Co (FRA:XHN1) Cyclically Adjusted PS Ratio: 0.36 (As of Aug. 25, 2026) — 89% 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:XHN1 Hong Kong Technology Venture Co Ltd FRA:XHN1
44 GF Score
Price €0.11
GF Value €0.21
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Hong Kong Technology Venture Co Cyclically Adjusted PS Ratio?

Hong Kong Technology Venture Co FRA:XHN1 44 Cyclically Adjusted PS Ratio is 0.36 as of Aug. 25, 2026, which is 89% below its 10-year median of 3.18. GuruFocus rates FRA:XHN1 with a GF Score™ of 44/100 and a GF Value™ of €0.21 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 803 Retail - Cyclical companies, Hong Kong Technology Venture Co ranks better than 62.39% on this metric.

As of today (2026-08-25), Hong Kong Technology Venture Co's current share price is €0.107. Hong Kong Technology Venture Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €0.30. Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio for today is 0.36.

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

FRA:XHN1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 3.18   Max: 27.35
Current: 0.35

During the past 13 years, Hong Kong Technology Venture Co's highest Cyclically Adjusted PS Ratio was 27.35. The lowest was 0.35. And the median was 3.18.

FRA:XHN1's Cyclically Adjusted PS Ratio is ranked better than
62.39% of 803 companies
in the Retail - Cyclical industry
Industry Median: 0.51 vs FRA:XHN1: 0.35

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.

Hong Kong Technology Venture Co's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.536. 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 €0.30 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Kong Technology Venture Co  (FRA:XHN1) 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.


Hong Kong Technology Venture Co Cyclically Adjusted PS Ratio Related Terms


Hong Kong Technology Venture Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co Cyclically Adjusted PS Ratio Chart

Hong Kong Technology Venture 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 8.16 3.66 1.39 0.60 0.48

Hong Kong Technology Venture Co Semi-Annual Data
Jun16 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 1.39 0.00 0.60 0.00 0.48

FRA:XHN1 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Hong Kong Technology Venture 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.


Hong Kong Technology Venture Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio falls into.


FRA:XHN1
44GF Score
Hong Kong Technology Venture Co Ltd FRA:XHN1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.107/0.30
=0.36

* 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.

Hong Kong Technology Venture Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Hong Kong Technology Venture Co'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)
=0.536/120.7036*120.7036
=0.536

Current CPI (Dec25) = 120.7036.

Hong Kong Technology Venture Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.028 103.225 0.033
201712 0.065 104.984 0.075
201812 0.124 107.622 0.139
201912 0.199 110.700 0.217
202012 0.327 109.711 0.360
202112 0.372 112.349 0.400
202212 0.490 114.548 0.516
202312 0.479 117.296 0.493
202412 0.557 118.945 0.565
202512 0.536 120.704 0.536

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 0.36 mean?
Hong Kong Technology Venture Co (FRA:XHN1) has a Cyclically Adjusted PS Ratio of 0.36 as of Aug. 25, 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 Hong Kong Technology Venture Co and its competitors. This is 89% below median its historical median of 3.18. Over the past decade, Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio has ranged from 0.35 to 27.35. According to the industry distribution chart, Hong Kong Technology Venture Co ranks #302 out of 803 companies in the Retail - Cyclical industry, placing it in the top 37.6%.
Is Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio too high?
Hong Kong Technology Venture Co's current Cyclically Adjusted PS Ratio of 0.36 is 89% below median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 27.35. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.51. Hong Kong Technology Venture Co's value of 0.36 is 29.4% below this industry median. Based on the distribution chart, Hong Kong Technology Venture Co ranks #302 out of 803 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Hong Kong Technology Venture Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Technology Venture Co's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Hong Kong Technology Venture Co ranks #302 out of 803 companies for Cyclically Adjusted PS Ratio. This puts Hong Kong Technology Venture Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.51. Hong Kong Technology Venture Co's value of 0.36 is 29.4% below this benchmark. Historically, Hong Kong Technology Venture Co's own Cyclically Adjusted PS Ratio has ranged from 0.35 to 27.35 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 0.51, Hong Kong Technology Venture 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.51, based on 803 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. Hong Kong Technology Venture Co's current Cyclically Adjusted PS Ratio of 0.36 is 29.4% 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 Hong Kong Technology Venture Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Technology Venture Co's current Cyclically Adjusted PS Ratio is 0.36, which is 89% below median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Technology Venture Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Technology Venture Co (FRA:XHN1) is currently considered Possible Value Trap. The stock's GF Value™ is €0.21, compared to a current price of €0.11 — trading 49% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is 89% below median its 10-year median of 3.18 and 29.4% below the Retail - Cyclical industry median of 0.51. Hong Kong Technology Venture Co's overall GF Score™ is 44/100 with 1 warning sign 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 Hong Kong Technology Venture Co (FRA:XHN1), the current Cyclically Adjusted PS Ratio is 0.36 as of Aug. 25, 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 Hong Kong Technology Venture Co (FRA:XHN1) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Technology Venture Co stock appears to be undervalued. The current stock price of €0.11 is trading 49% below its estimated GF Value™ of €0.21. GuruFocus considers Hong Kong Technology Venture Co to be Possible Value Trap.

Key valuation signals for FRA:XHN1:

  • Cyclically Adjusted PS Ratio: 0.36 (89% below median its 10-year median of 3.18)
  • GF Value™: €0.21 vs. price of €0.11 (49% below fair value)
  • GF Score™: 44/100 with 1 warning sign
  • Industry Position: 29.4% below the Retail - Cyclical median (#302 of 803)

No single metric tells the full story. See the FRA:XHN1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hong Kong Technology Venture Co Business Description

Other Exchanges HKTVY:USA01137:Hong Kong
Address No. 1 Chun Cheong Street, HKTV Multimedia and Ecommerce Centre, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Hong Kong Technology Venture Co Ltd is included in the business of Ecommerce business which cover end-to end online shopping platform operation (including fulfillment and logistics), multimedia production and other related services; and New venture projects performing research and development activities on technologies, and operating business by adopting the technologies globally; and research, development and provision of technology solutions as a service including end-to-end digital retailing and retail store automation. The company has two reporting segments: Hong Kong Ecommerce business and New Ventures and Technology business, out of which the Hong Kong Ecommerce business derives the maximum revenue.
44GF Score

Get the complete analysis for FRA:XHN1

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

€0.11
Price
€0.21
GF Value