Huicheng International Holdings (HKSE:01146) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Huicheng International Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Huicheng International Holdings  (HKSE:01146) 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.


Huicheng International Holdings Cyclically Adjusted PS Ratio Related Terms


Huicheng International Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Huicheng International 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.

Huicheng International Holdings Cyclically Adjusted PS Ratio Chart

Huicheng International 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 0.63 0.53 0.18 0.33 0.16

Huicheng International 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 0.37 0.33 0.43 0.16 0.29

HKSE:01146 vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Huicheng International 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.


Huicheng International Holdings Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

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

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



Huicheng International 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.

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

For example, Huicheng International 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)
=0.044/115.8323*115.8323
=0.044

Current CPI (Dec25) = 115.8323.

Huicheng International Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.307 102.600 0.347
201712 0.309 104.500 0.343
201812 0.311 106.500 0.338
201912 0.272 111.200 0.283
202012 0.247 111.500 0.257
202112 0.119 113.108 0.122
202212 0.073 115.116 0.073
202312 0.070 114.781 0.071
202412 0.051 114.893 0.051
202512 0.044 115.832 0.044

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.


Huicheng International Holdings Business Description

Address Tong Pu Road, No. 9 Lane 1225, Pu Tuo District, Shanghai, CHN, 200333
Huicheng International Holdings Ltd is an investment holding company principally engaged in the design, manufacture, marketing, and sale of apparel products and accessories in the People's Republic of China with a focus on menswear. The company offers a wide range of men's casual wear, including smart casual wear, outdoor casual wear, leisure wear, and accessories. It also engages in property development in the PRC. Its segments include the apparel products and accessories segment, which generates maximum revenue and is engaged in the design, manufacture, marketing, and sale of apparel products and accessories with a focus on menswear, and the property development segment, engaged in the development of properties in the PRC. It generates maximum revenue from the Chinese Mainland.