China Automotive Systems (HAM:2IW) Cyclically Adjusted PS Ratio: 0.24 (As of Jul. 27, 2026) — Near Median

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HAM:2IW China Automotive Systems Inc HAM:2IW
78 GF Score
Price €3.98
GF Value €4.81
! 3 Warning Signs
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What is China Automotive Systems Cyclically Adjusted PS Ratio?

China Automotive Systems HAM:2IW 78 Cyclically Adjusted PS Ratio is 0.24 as of Jul. 27, 2026, which is at its 10-year median of 0.24. GuruFocus rates HAM:2IW with a GF Score™ of 78/100 and a GF Value™ of €4.81. The stock has 3 warning signs investors should review. Among 1,042 Vehicles & Parts companies, China Automotive Systems ranks better than 76.68% on this metric.

As of today (2026-07-27), China Automotive Systems's current share price is €3.975. China Automotive Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €16.81. China Automotive Systems's Cyclically Adjusted PS Ratio for today is 0.24.

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

HAM:2IW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.24   Max: 0.61
Current: 0.24

During the past years, China Automotive Systems's highest Cyclically Adjusted PS Ratio was 0.61. The lowest was 0.10. And the median was 0.24.

HAM:2IW's Cyclically Adjusted PS Ratio is ranked better than
76.68% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs HAM:2IW: 0.24

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.

China Automotive Systems's adjusted revenue per share data for the three months ended in Dec. 2025 was €6.487. 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 €16.81 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Automotive Systems  (HAM:2IW) 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.


China Automotive Systems Cyclically Adjusted PS Ratio Related Terms


China Automotive Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Automotive Systems'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.

China Automotive Systems Cyclically Adjusted PS Ratio Chart

China Automotive Systems 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 0.17 0.35 0.19 0.24 0.24

China Automotive Systems Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.24 0.26 0.24 0.27 0.24

HAM:2IW vs INVZ, CVGI, SES: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, China Automotive Systems'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.


China Automotive Systems Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

* The bar in red indicates where China Automotive Systems's Cyclically Adjusted PS Ratio falls into.


HAM:2IW
78GF Score
China Automotive Systems Inc HAM:2IW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Automotive Systems 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.

China Automotive Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.975/16.81
=0.24

* 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.

China Automotive Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, China Automotive Systems's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=6.487/115.8323*115.8323
=6.487

Current CPI (Dec. 2025) = 115.8323.

China Automotive Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.267 102.200 3.703
201606 2.802 101.400 3.201
201609 2.642 102.400 2.989
201612 4.471 102.600 5.048
201703 3.525 103.200 3.956
201706 3.309 103.100 3.718
201709 3.138 104.100 3.492
201712 3.838 104.500 4.254
201803 3.435 105.300 3.779
201806 3.402 104.900 3.757
201809 3.035 106.600 3.298
201812 3.452 106.500 3.754
201903 3.067 107.700 3.299
201906 2.971 107.700 3.195
201909 2.899 109.800 3.058
201912 3.330 111.200 3.469
202003 2.135 112.300 2.202
202006 2.370 110.400 2.487
202009 3.122 111.700 3.237
202012 3.903 111.500 4.055
202103 3.548 112.662 3.648
202106 3.244 111.769 3.362
202109 2.982 112.215 3.078
202112 3.982 113.108 4.078
202203 4.014 114.335 4.067
202206 3.899 114.558 3.942
202209 4.523 115.339 4.542
202212 4.022 115.116 4.047
202303 4.400 115.116 4.427
202306 4.201 114.558 4.248
202309 4.269 115.339 4.287
202312 4.835 114.781 4.879
202403 4.248 115.227 4.270
202406 4.881 114.781 4.926
202409 4.902 115.785 4.904
202412 5.972 114.893 6.021
202503 5.123 115.116 5.155
202506 5.065 114.907 5.106
202509 5.456 115.471 5.473
202512 6.487 115.832 6.487

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 0.24 mean?
China Automotive Systems (HAM:2IW) has a Cyclically Adjusted PS Ratio of 0.24 as of Jul. 27, 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 China Automotive Systems and its competitors. This is near median its historical median of 0.24. Over the past decade, China Automotive Systems' Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.61. According to the industry distribution chart, China Automotive Systems ranks #243 out of 1042 companies in the Vehicles & Parts industry, placing it in the top 23.3%.
Is China Automotive Systems' Cyclically Adjusted PS Ratio too high?
China Automotive Systems' current Cyclically Adjusted PS Ratio of 0.24 is near median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.61. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. China Automotive Systems' value of 0.24 is 66.7% below this industry median. Based on the distribution chart, China Automotive Systems ranks #243 out of 1042 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, China Automotive Systems has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does China Automotive Systems' Cyclically Adjusted PS Ratio compare to INVZ and CVGI?
According to the Vehicles & Parts industry distribution chart, China Automotive Systems ranks #243 out of 1042 companies for Cyclically Adjusted PS Ratio. This places China Automotive Systems in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.72. China Automotive Systems' value of 0.24 is 66.7% below this benchmark. Historically, China Automotive Systems' own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.61 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.72, China Automotive Systems 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,042 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. China Automotive Systems's current Cyclically Adjusted PS Ratio of 0.24 is 66.7% 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 China Automotive Systems and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Automotive Systems's current Cyclically Adjusted PS Ratio is 0.24, which is near median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Automotive Systems stock overvalued right now?
China Automotive Systems (HAM:2IW) has a current Cyclically Adjusted PS Ratio of 0.24. The stock's GF Value™ is €4.81, compared to a current price of €3.98 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.24, which is near median its 10-year median of 0.24 and 66.7% below the Vehicles & Parts industry median of 0.72. China Automotive Systems' overall GF Score™ is 78/100 with 3 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 China Automotive Systems (HAM:2IW), the current Cyclically Adjusted PS Ratio is 0.24 as of Jul. 27, 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 China Automotive Systems (HAM:2IW) Overvalued in 2026?

Based on GuruFocus' analysis, China Automotive Systems stock appears to be undervalued. The current stock price of €3.98 is trading 17.4% below its estimated GF Value™ of €4.81.

Key valuation signals for HAM:2IW:

  • Cyclically Adjusted PS Ratio: 0.24 (near median its 10-year median of 0.24)
  • GF Value™: €4.81 vs. price of €3.98 (17.4% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 66.7% below the Vehicles & Parts median (#243 of 1042)

No single metric tells the full story. See the HAM:2IW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Automotive Systems Business Description

Other Exchanges CAAS:USA2IW:Germany
Address No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000
China Automotive Systems Inc is a holding company. The firm, through its subsidiary, is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series of power steering models, including rack and pinion power steering, integral power steering, electronic power steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.
78GF Score

Get the complete analysis for HAM:2IW

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

€3.98
Price
€4.81
GF Value