Agricultural Bank of China (HKSE:01288) Cyclically Adjusted PS Ratio: 2.63 (As of Sep. 16, 2026) — 23% Above Median

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HKSE:01288 Agricultural Bank of China Ltd HKSE:01288
71 GF Score
Price HK$6.36
GF Value HK$5.20
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Agricultural Bank of China Cyclically Adjusted PS Ratio?

Agricultural Bank of China HKSE:01288 +0.79% 71 Cyclically Adjusted PS Ratio is 2.63 as of Sep. 16, 2026, which is 23% above its 10-year median of 2.14. GuruFocus rates HKSE:01288 with a GF Score™ of 71/100 and a GF Value™ of HK$5.20 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,301 Banks companies, Agricultural Bank of China ranks worse than 51.73% on this metric.

As of today (2026-09-16), Agricultural Bank of China's current share price is HK$6.36. Agricultural Bank of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was HK$2.42. Agricultural Bank of China's Cyclically Adjusted PS Ratio for today is 2.63.

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

HKSE:01288' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.14   Max: 4.4
Current: 3.53

During the past years, Agricultural Bank of China's highest Cyclically Adjusted PS Ratio was 4.40. The lowest was 1.50. And the median was 2.14.

HKSE:01288's Cyclically Adjusted PS Ratio is ranked worse than
51.73% of 1301 companies
in the Banks industry
Industry Median: 3.45 vs HKSE:01288: 3.53

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.

Agricultural Bank of China's adjusted revenue per share data for the three months ended in Jun. 2026 was HK$0.681. 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$2.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agricultural Bank of China  (HKSE:01288) 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.


Agricultural Bank of China Cyclically Adjusted PS Ratio Related Terms


Agricultural Bank of China Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Agricultural Bank of China'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.

Agricultural Bank of China Cyclically Adjusted PS Ratio Chart

Agricultural Bank of China 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 1.22 1.18 1.30 1.90 2.47

Agricultural Bank of China Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 2.37 2.21 2.43 2.31 2.21

HKSE:01288 vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Agricultural Bank of China's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Agricultural Bank of China's Cyclically Adjusted PS Ratio falls into.


HKSE:01288
71GF Score
Agricultural Bank of China Ltd HKSE:01288
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agricultural Bank of China 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.

Agricultural Bank of China's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.36/2.421
=2.63

* 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.

Agricultural Bank of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Agricultural Bank of China's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.681/121.3631*121.3631
=0.681

Current CPI (Jun. 2026) = 121.3631.

Agricultural Bank of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.461 102.565 0.545
201612 0.439 103.225 0.516
201703 0.526 103.335 0.618
201706 0.463 103.664 0.542
201709 0.492 103.994 0.574
201712 0.490 104.984 0.566
201803 0.605 105.973 0.693
201806 0.000 106.193 0.000
201809 0.545 106.852 0.619
201812 0.479 107.622 0.540
201903 0.587 108.172 0.659
201906 0.506 109.601 0.560
201909 0.499 110.260 0.549
201912 0.502 110.700 0.550
202003 0.603 110.920 0.660
202006 0.491 110.590 0.539
202009 0.524 107.512 0.592
202012 0.550 109.711 0.608
202103 0.681 111.579 0.741
202106 0.606 111.360 0.660
202109 0.632 109.051 0.703
202112 0.628 112.349 0.678
202203 0.663 113.558 0.709
202206 0.615 113.448 0.658
202209 0.581 113.778 0.620
202212 0.509 114.548 0.539
202303 0.631 115.427 0.663
202306 0.588 115.647 0.617
202309 0.532 116.087 0.556
202312 0.513 117.296 0.531
202403 0.589 117.735 0.607
202406 0.574 117.296 0.594
202409 0.550 118.615 0.563
202412 0.548 118.945 0.559
202503 0.581 119.384 0.591
202506 0.574 119.055 0.585
202509 0.576 119.934 0.583
202512 0.559 120.704 0.562
202603 0.676 121.473 0.675
202606 0.681 121.363 0.681

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 2.63 mean?
Agricultural Bank of China (HKSE:01288) has a Cyclically Adjusted PS Ratio of 2.63 as of Sep. 16, 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 Agricultural Bank of China and its competitors. This is 23% above median its historical median of 2.14. Over the past decade, Agricultural Bank of China's Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.40. According to the industry distribution chart, Agricultural Bank of China ranks #673 out of 1301 companies in the Banks industry, placing it in the top 51.7%.
Is Agricultural Bank of China's Cyclically Adjusted PS Ratio too high?
Agricultural Bank of China's current Cyclically Adjusted PS Ratio of 2.63 is 23% above median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.40. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Agricultural Bank of China's value of 2.63 is 23.8% below this industry median. Based on the distribution chart, Agricultural Bank of China ranks #673 out of 1301 companies in the Banks industry, which is below the industry midpoint. Overall, Agricultural Bank of China has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agricultural Bank of China's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Agricultural Bank of China ranks #673 out of 1301 companies for Cyclically Adjusted PS Ratio. This places Agricultural Bank of China in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Agricultural Bank of China's value of 2.63 is 23.8% below this benchmark. Historically, Agricultural Bank of China's own Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.40 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 3.45, Agricultural Bank of China 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,301 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. Agricultural Bank of China's current Cyclically Adjusted PS Ratio of 2.63 is 23.8% 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 Agricultural Bank of China and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agricultural Bank of China's current Cyclically Adjusted PS Ratio is 2.63, which is 23% above median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agricultural Bank of China stock overvalued right now?
Based on GuruFocus' analysis, Agricultural Bank of China (HKSE:01288) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$5.20, compared to a current price of HK$6.36 — trading 22.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.63, which is 23% above median its 10-year median of 2.14 and 23.8% below the Banks industry median of 3.45. Agricultural Bank of China's overall GF Score™ is 71/100 with 2 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 Agricultural Bank of China (HKSE:01288), the current Cyclically Adjusted PS Ratio is 2.63 as of Sep. 16, 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 Agricultural Bank of China (HKSE:01288) Overvalued in 2026?

Based on GuruFocus' analysis, Agricultural Bank of China stock appears to be overvalued. The current stock price of HK$6.36 is trading 22.3% above its estimated GF Value™ of HK$5.20. GuruFocus considers Agricultural Bank of China to be Modestly Overvalued.

Key valuation signals for HKSE:01288:

  • Cyclically Adjusted PS Ratio: 2.63 (23% above median its 10-year median of 2.14)
  • GF Value™: HK$5.20 vs. price of HK$6.36 (22.3% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 23.8% below the Banks median (#673 of 1301)

No single metric tells the full story. See the HKSE:01288 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agricultural Bank of China Business Description

Address 50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the Big Four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It was listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates a more than 22,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 40.14% and 35.29%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 36%, 53%, and 7% of total revenue in 2025, respectively. Rural banking and urban banking contributed 49.6% and 50.4%, respectively, of total revenue during the same period.
71GF Score

Get the complete analysis for HKSE:01288

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

HK$6.36
Price
HK$5.20
GF Value