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Ares AsiaHKSE:00645 +3.23%40 Cyclically Adjusted PS Ratio is 0.08 as of Sep. 15, 2026, which is 11% below its 10-year median of 0.09. GuruFocus rates HKSE:00645 with a GF Score™ of 40/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 110 Other Energy Sources companies, Ares Asia ranks better than 96.36% on this metric.
The historical rank and industry rank for Ares Asia's Cyclically Adjusted PS Ratio or its related term are showing as below:
HKSE:00645'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.88
Current: 0.07
During the past 13 years, Ares Asia's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.02. And the median was 0.09.
HKSE:00645's Cyclically Adjusted PS Ratio is ranked better than 96.36% of 110
companies
in the Other Energy Sources industry
Industry Median: 1.345
vs HKSE:00645: 0.07
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.
Ares Asia's adjusted revenue per share data of for the fiscal year that ended in Mar26 was HK$0.106. 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 HK$2.50 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ares Asia (HKSE:00645) 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.
Ares Asia Cyclically Adjusted PS Ratio Related Terms
Ares Asia Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Ares Asia'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.
Ares Asia Cyclically Adjusted PS Ratio Competitor Comparison
For the Thermal Coal subindustry, Ares Asia'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.
Ares Asia Cyclically Adjusted PS Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Ares Asia's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Ares Asia's Cyclically Adjusted PS Ratio falls into.
Ares Asia 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.
Ares Asia's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.08 mean?
Ares Asia (HKSE:00645) has a Cyclically Adjusted PS Ratio of 0.08 as of Sep. 15, 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 Ares Asia and its competitors. This is 11% below median its historical median of 0.09. Over the past decade, Ares Asia's Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.88. According to the industry distribution chart, Ares Asia ranks #4 out of 110 companies in the Other Energy Sources industry, placing it in the top 3.6%.
Is Ares Asia's Cyclically Adjusted PS Ratio too high?
Ares Asia's current Cyclically Adjusted PS Ratio of 0.08 is 11% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.88. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.35. Ares Asia's value of 0.08 is 94.1% below this industry median. Based on the distribution chart, Ares Asia ranks #4 out of 110 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Ares Asia has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ares Asia's Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Ares Asia ranks #4 out of 110 companies for Cyclically Adjusted PS Ratio. This places Ares Asia in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.35. Ares Asia's value of 0.08 is 94.1% below this benchmark. Historically, Ares Asia's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.88 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 1.35, Ares Asia 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 an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.35, based on 110 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. Ares Asia's current Cyclically Adjusted PS Ratio of 0.08 is 94.1% 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 Ares Asia and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Asia's current Cyclically Adjusted PS Ratio is 0.08, which is 11% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Asia stock overvalued right now?
Based on GuruFocus' analysis, Ares Asia (HKSE:00645) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.19 — trading 1820% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.08, which is 11% below median its 10-year median of 0.09 and 94.1% below the Other Energy Sources industry median of 1.35. Ares Asia's overall GF Score™ is 40/100 with 5 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 Ares Asia (HKSE:00645), the current Cyclically Adjusted PS Ratio is 0.08 as of Sep. 15, 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 Ares Asia (HKSE:00645) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Asia stock appears to be overvalued.
The current stock price of HK$0.19 is trading 1820% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Ares Asia to be Significantly Overvalued.
Key valuation signals for HKSE:00645:
Cyclically Adjusted PS Ratio: 0.08 (11% below median its 10-year median of 0.09)
GF Value™: HK$0.01 vs. price of HK$0.19 (1820% above fair value)
Industry Position: 94.1% below the Other Energy Sources median (#4 of 110)
No single metric tells the full story. See the HKSE:00645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.
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