HKBN (HKSE:01310) 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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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:01310 HKBN Ltd HKSE:01310
75 GF Score
Price HK$5.51
GF Value HK$5.12
Valuation Fairly Valued
! 7 Warning Signs
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What is HKBN Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


HKBN  (HKSE:01310) 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.


HKBN Cyclically Adjusted PS Ratio Related Terms


HKBN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HKBN'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.

HKBN Cyclically Adjusted PS Ratio Chart

HKBN Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 1.65 0.72 0.46 0.79

HKBN Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.60 0.46 0.82 0.79 1.09

HKSE:01310 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, HKBN'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.


HKBN Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HKBN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HKSE:01310
75GF Score
HKBN Ltd HKSE:01310
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HKBN 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.

HKBN's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Aug25 is calculated as:

For example, HKBN's adjusted Revenue per Share data for the fiscal year that ended in Aug25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=7.529/119.8241*119.8241
=7.529

Current CPI (Aug25) = 119.8241.

HKBN Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201608 2.776 102.235 3.254
201708 3.223 104.214 3.706
201808 3.936 106.633 4.423
201908 4.390 110.260 4.771
202008 6.395 109.820 6.978
202108 7.756 111.579 8.329
202208 7.866 113.668 8.292
202308 8.920 115.647 9.242
202408 7.206 118.505 7.286
202508 7.529 119.824 7.529

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.

Is HKBN (HKSE:01310) Overvalued in 2026?

Based on GuruFocus' analysis, HKBN stock appears to be overvalued. The current stock price of HK$5.51 is trading 7.6% above its estimated GF Value™ of HK$5.12. GuruFocus considers HKBN to be Fairly Valued.

Key valuation signals for HKSE:01310:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: HK$5.12 vs. price of HK$5.51 (7.6% above fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the HKSE:01310 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HKBN Business Description

Other Exchanges HKBNF:USA2HK:Germany
Address 77 Hoi Bun Road, 19th Floor, Tower 1, The Quayside, Kwun Tong, Kowloon, HKG
HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are: provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong; system integration services; product sales; and marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (Hong Kong) and the majority of the company's revenue is generated from Hong Kong.
75GF Score

Get the complete analysis for HKSE:01310

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

HK$5.51
Price
HK$5.12
GF Value