Harbour Digital Asset Capital (HKSE:00913) Cyclically Adjusted PS Ratio: (As of Sep. 14, 2026)

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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.

HKSE:00913 Harbour Digital Asset Capital Ltd HKSE:00913
21 GF Score
Price HK$0.17
! 1 Warning Sign
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What is Harbour Digital Asset Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbour Digital Asset Capital  (HKSE:00913) 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.


Harbour Digital Asset Capital Cyclically Adjusted PS Ratio Related Terms


Harbour Digital Asset Capital Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Harbour Digital Asset Capital'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.

Harbour Digital Asset Capital Cyclically Adjusted PS Ratio Chart

Harbour Digital Asset Capital 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 0.40 0.17 0.35 0.00 0.00

Harbour Digital Asset Capital Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 0.00 0.00 0.00 0.00

HKSE:00913 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Harbour Digital Asset Capital'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.


Harbour Digital Asset Capital Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Harbour Digital Asset Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Harbour Digital Asset Capital's Cyclically Adjusted PS Ratio falls into.


HKSE:00913
21GF Score
Harbour Digital Asset Capital Ltd HKSE:00913
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbour Digital Asset Capital 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.

Harbour Digital Asset Capital's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Harbour Digital Asset Capital'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)
=0.399/120.7036*120.7036
=0.399

Current CPI (Dec25) = 120.7036.

Harbour Digital Asset Capital Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 -3.351 103.225 -3.918
201712 -3.044 104.984 -3.500
201812 -0.569 107.622 -0.638
201912 -0.303 110.700 -0.330
202012 -0.134 109.711 -0.147
202112 -0.049 112.349 -0.053
202212 -0.089 114.548 -0.094
202312 -0.027 117.296 -0.028
202412 -0.033 118.945 -0.033
202512 0.399 120.704 0.399

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.


Harbour Digital Asset Capital Business Description

Address 287-299 Queen’s Road Central, Room 1006, 10th Floor, 299QRC, Sheung Wan, Hong Kong, HKG
Harbour Digital Asset Capital Ltd is a Hong Kong-based investment company. The principal activities of the company are to invest in both listed and unlisted companies. Its portfolio of investments includes various companies engaged in the businesses of infrastructure, manufacturing, trading, information technologies, media, energy, property investment, and securities investment. In addition, the company's portfolio also includes sectors such as finance, consumer goods, services, media, construction, and mining. The group only has one business segment, namely, investment in listed and unlisted financial assets. The group's revenue and non-current assets are attributable to and located in Hong Kong.
21GF Score

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HK$0.17
Price