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Industrial And Commercial Bank Of China (HKSE:01398) 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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Related Terms
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Historical Data
* 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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Chart
Industrial And Commercial Bank Of China Annual Data
HKSE:01398 vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison
For the Banks - Diversified subindustry, Industrial And Commercial 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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio falls into.
Industrial And Commercial 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.
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 Industrial And Commercial Bank Of China (HKSE:01398) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued.
The current stock price of HK$7.58 is trading 14.2% above its estimated GF Value™ of HK$6.64.
GuruFocus considers Industrial And Commercial Bank Of China to be Modestly Overvalued.
Key valuation signals for HKSE:01398:
Cyclically Adjusted PS Ratio:
GF Value™: HK$6.64 vs. price of HK$7.58 (14.2% above fair value)
No single metric tells the full story. See the HKSE:01398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
68GF Score
Get the complete analysis for HKSE:01398
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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