Mainland Headwear Holdings (HKSE:01100) Cyclically Adjusted PS Ratio: 0.41 (As of Sep. 13, 2026) — 23% Below Median

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HKSE:01100 Mainland Headwear Holdings Ltd HKSE:01100
83 GF Score
Price HK$1.31
GF Value HK$1.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Mainland Headwear Holdings Cyclically Adjusted PS Ratio?

Mainland Headwear Holdings HKSE:01100 +0.38% 83 Cyclically Adjusted PS Ratio is 0.41 as of Sep. 13, 2026, which is 23% below its 10-year median of 0.53. GuruFocus rates HKSE:01100 with a GF Score™ of 83/100 and a GF Value™ of HK$1.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 884 Manufacturing - Apparel & Accessories companies, Mainland Headwear Holdings ranks better than 63.8% on this metric.

As of today (2026-09-13), Mainland Headwear Holdings's current share price is HK$1.31. Mainland Headwear Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was HK$3.20. Mainland Headwear Holdings's Cyclically Adjusted PS Ratio for today is 0.41.

The historical rank and industry rank for Mainland Headwear Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:01100' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.53   Max: 0.82
Current: 0.41

During the past 13 years, Mainland Headwear Holdings's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.24. And the median was 0.53.

HKSE:01100's Cyclically Adjusted PS Ratio is ranked better than
63.8% of 884 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs HKSE:01100: 0.41

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.

Mainland Headwear Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was HK$3.964. 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$3.20 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mainland Headwear Holdings  (HKSE:01100) 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.


Mainland Headwear Holdings Cyclically Adjusted PS Ratio Related Terms


Mainland Headwear Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mainland Headwear Holdings'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.

Mainland Headwear Holdings Cyclically Adjusted PS Ratio Chart

Mainland Headwear Holdings 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 0.61 0.68 0.61 0.53 0.40

Mainland Headwear Holdings 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 0.53 0.00 0.40 0.00

HKSE:01100 vs NKE, DECK, ONON: Cyclically Adjusted PS Ratio Comparison

For the Footwear & Accessories subindustry, Mainland Headwear Holdings'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.


Mainland Headwear Holdings Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mainland Headwear Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mainland Headwear Holdings's Cyclically Adjusted PS Ratio falls into.


HKSE:01100
83GF Score
Mainland Headwear Holdings Ltd HKSE:01100
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mainland Headwear Holdings 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.

Mainland Headwear Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.31/3.20
=0.41

* 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.

Mainland Headwear Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Mainland Headwear Holdings'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)
=3.964/120.7036*120.7036
=3.964

Current CPI (Dec25) = 120.7036.

Mainland Headwear Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 2.023 103.225 2.366
201712 2.051 104.984 2.358
201812 2.061 107.622 2.312
201912 2.692 110.700 2.935
202012 2.462 109.711 2.709
202112 3.752 112.349 4.031
202212 4.321 114.548 4.553
202312 3.247 117.296 3.341
202412 3.397 118.945 3.447
202512 3.964 120.704 3.964

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 0.41 mean?
Mainland Headwear Holdings (HKSE:01100) has a Cyclically Adjusted PS Ratio of 0.41 as of Sep. 13, 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 Mainland Headwear Holdings and its competitors. This is 23% below median its historical median of 0.53. Over the past decade, Mainland Headwear Holdings' Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.82. According to the industry distribution chart, Mainland Headwear Holdings ranks #320 out of 884 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 36.2%.
Is Mainland Headwear Holdings' Cyclically Adjusted PS Ratio too high?
Mainland Headwear Holdings' current Cyclically Adjusted PS Ratio of 0.41 is 23% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.82. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Mainland Headwear Holdings' value of 0.41 is 35.9% below this industry median. Based on the distribution chart, Mainland Headwear Holdings ranks #320 out of 884 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Mainland Headwear Holdings has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainland Headwear Holdings' Cyclically Adjusted PS Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mainland Headwear Holdings ranks #320 out of 884 companies for Cyclically Adjusted PS Ratio. This puts Mainland Headwear Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Mainland Headwear Holdings' value of 0.41 is 35.9% below this benchmark. Historically, Mainland Headwear Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.82 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.64, Mainland Headwear Holdings 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 884 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. Mainland Headwear Holdings's current Cyclically Adjusted PS Ratio of 0.41 is 35.9% 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 Mainland Headwear Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainland Headwear Holdings's current Cyclically Adjusted PS Ratio is 0.41, which is 23% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainland Headwear Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mainland Headwear Holdings (HKSE:01100) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.80, compared to a current price of HK$1.31 — trading 27.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.41, which is 23% below median its 10-year median of 0.53 and 35.9% below the Manufacturing - Apparel & Accessories industry median of 0.64. Mainland Headwear Holdings' overall GF Score™ is 83/100 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 Mainland Headwear Holdings (HKSE:01100), the current Cyclically Adjusted PS Ratio is 0.41 as of Sep. 13, 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 Mainland Headwear Holdings (HKSE:01100) Overvalued in 2026?

Based on GuruFocus' analysis, Mainland Headwear Holdings stock appears to be undervalued. The current stock price of HK$1.31 is trading 27.2% below its estimated GF Value™ of HK$1.80. GuruFocus considers Mainland Headwear Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:01100:

  • Cyclically Adjusted PS Ratio: 0.41 (23% below median its 10-year median of 0.53)
  • GF Value™: HK$1.80 vs. price of HK$1.31 (27.2% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 35.9% below the Manufacturing - Apparel & Accessories median (#320 of 884)

No single metric tells the full story. See the HKSE:01100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mainland Headwear Holdings Business Description

Address 18 Sheung Yuet Road, Rooms 2301-2305, 23rd Floor, CTF Life Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the U.S. as the main market; followed by the European market. The key revenue is derived from the Manufacturing segment.
83GF Score

Get the complete analysis for HKSE:01100

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

HK$1.31
Price
HK$1.80
GF Value