Goldstream Investment (HKSE:01328) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:01328 Goldstream Investment Ltd HKSE:01328
60 GF Score
Price HK$3.21
GF Value HK$3.64
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Goldstream Investment Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Goldstream Investment  (HKSE:01328) 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.


Goldstream Investment Cyclically Adjusted PS Ratio Related Terms


Goldstream Investment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Goldstream Investment'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.

Goldstream Investment Cyclically Adjusted PS Ratio Chart

Goldstream Investment 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 3.90 1.89 1.49 2.79 3.49

Goldstream Investment 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 2.48 2.49 1.63 3.07 4.49

HKSE:01328 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Goldstream Investment'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.


Goldstream Investment Cyclically Adjusted PS Ratio vs Asset Management Industry

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

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


HKSE:01328
60GF Score
Goldstream Investment Ltd HKSE:01328
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldstream Investment 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.

Goldstream Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Goldstream Investment'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)
=0.222/120.7036*120.7036
=0.222

Current CPI (Dec25) = 120.7036.

Goldstream Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.627 103.225 1.902
201712 1.422 104.984 1.635
201812 1.459 107.622 1.636
201912 1.385 110.700 1.510
202012 0.566 109.711 0.623
202112 0.447 112.349 0.480
202212 0.219 114.548 0.231
202312 0.305 117.296 0.314
202412 0.270 118.945 0.274
202512 0.222 120.704 0.222

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 Goldstream Investment (HKSE:01328) Overvalued in 2026?

Based on GuruFocus' analysis, Goldstream Investment stock appears to be undervalued. The current stock price of HK$3.21 is trading 11.8% below its estimated GF Value™ of HK$3.64. GuruFocus considers Goldstream Investment to be Modestly Undervalued.

Key valuation signals for HKSE:01328:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: HK$3.64 vs. price of HK$3.21 (11.8% below fair value)
  • GF Score™: 60/100 with 1 warning sign

No single metric tells the full story. See the HKSE:01328 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goldstream Investment Business Description

Address No. 8 Finance Street, Suite 7008, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Goldstream Investment Ltd is an investment holding. The company, along with its subsidiaries, is principally engaged in provision of IM service and strategic direct investment (SDI) business. The company's segments are: (i) IM business: this segment includes (a) the provision of advisory services on securities and asset management; and (b) securities trading. (ii) SDI business: this segment includes engaging in: (a) the proprietary investments in the financial markets directly managed by investment department of the Company; (b) the proprietary investments in the funds and/or discretionary accounts managed by Goldstream Capital Management Limited or third parties; and (c) the provision of general advisory services. The majority of revenue is derived from the SDI business segment.
60GF Score

Get the complete analysis for HKSE:01328

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

HK$3.21
Price
HK$3.64
GF Value