China Reinsurance (Group) (HKSE:01508) Cyclically Adjusted PS Ratio: 0.38 (As of Sep. 11, 2026) — 31% Above Median

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:01508 China Reinsurance (Group) Corp HKSE:01508
78 GF Score
Price HK$1.24
GF Value HK$1.14
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is China Reinsurance (Group) Cyclically Adjusted PS Ratio?

China Reinsurance (Group) HKSE:01508 -0.80% 78 Cyclically Adjusted PS Ratio is 0.38 as of Sep. 11, 2026, which is 31% above its 10-year median of 0.29. GuruFocus rates HKSE:01508 with a GF Score™ of 78/100 and a GF Value™ of HK$1.14 (Fairly Valued). The stock has 2 warning signs investors should review. Among 406 Insurance companies, China Reinsurance (Group) ranks better than 88.67% on this metric.

As of today (2026-09-11), China Reinsurance (Group)'s current share price is HK$1.24. China Reinsurance (Group)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was HK$3.30. China Reinsurance (Group)'s Cyclically Adjusted PS Ratio for today is 0.38.

The historical rank and industry rank for China Reinsurance (Group)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:01508' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.29   Max: 0.8
Current: 0.38

During the past 13 years, China Reinsurance (Group)'s highest Cyclically Adjusted PS Ratio was 0.80. The lowest was 0.12. And the median was 0.29.

HKSE:01508's Cyclically Adjusted PS Ratio is ranked better than
88.67% of 406 companies
in the Insurance industry
Industry Median: 1.23 vs HKSE:01508: 0.38

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.

China Reinsurance (Group)'s adjusted revenue per share data of for the fiscal year that ended in Dec25 was HK$2.942. 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$3.30 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Reinsurance (Group)  (HKSE:01508) 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.


China Reinsurance (Group) Cyclically Adjusted PS Ratio Related Terms


China Reinsurance (Group) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Reinsurance (Group)'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.

China Reinsurance (Group) Cyclically Adjusted PS Ratio Chart

China Reinsurance (Group) 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 0.23 0.15 0.14 0.27 0.51

China Reinsurance (Group) 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 0.00 0.27 0.00 0.51 0.00

HKSE:01508 vs RGA, EG, RNR: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Reinsurance subindustry, China Reinsurance (Group)'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.


China Reinsurance (Group) Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, China Reinsurance (Group)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Reinsurance (Group)'s Cyclically Adjusted PS Ratio falls into.


HKSE:01508
78GF Score
China Reinsurance (Group) Corp HKSE:01508
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Reinsurance (Group) 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.

China Reinsurance (Group)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.24/3.30
=0.38

* 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.

China Reinsurance (Group)'s Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Reinsurance (Group)'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)
=2.942/115.8323*115.8323
=2.942

Current CPI (Dec25) = 115.8323.

China Reinsurance (Group) Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 2.415 102.600 2.726
201712 3.034 104.500 3.363
201812 3.197 106.500 3.477
201912 3.717 111.200 3.872
202012 4.692 111.500 4.874
202112 4.401 113.108 4.507
202212 2.320 115.116 2.334
202312 2.059 114.781 2.078
202412 2.836 114.893 2.859
202512 2.942 115.832 2.942

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 0.38 mean?
China Reinsurance (Group) (HKSE:01508) has a Cyclically Adjusted PS Ratio of 0.38 as of Sep. 11, 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 China Reinsurance (Group) and its competitors. This is 31% above median its historical median of 0.29. Over the past decade, China Reinsurance (Group)'s Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.80. According to the industry distribution chart, China Reinsurance (Group) ranks #46 out of 406 companies in the Insurance industry, placing it in the top 11.3%.
Is China Reinsurance (Group)'s Cyclically Adjusted PS Ratio too high?
China Reinsurance (Group)'s current Cyclically Adjusted PS Ratio of 0.38 is 31% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.80. The Insurance industry median Cyclically Adjusted PS Ratio is 1.23. China Reinsurance (Group)'s value of 0.38 is 69.1% below this industry median. Based on the distribution chart, China Reinsurance (Group) ranks #46 out of 406 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, China Reinsurance (Group) has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Reinsurance (Group)'s Cyclically Adjusted PS Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, China Reinsurance (Group) ranks #46 out of 406 companies for Cyclically Adjusted PS Ratio. This places China Reinsurance (Group) in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.23. China Reinsurance (Group)'s value of 0.38 is 69.1% below this benchmark. Historically, China Reinsurance (Group)'s own Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.80 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.23, China Reinsurance (Group) 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 an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.23, based on 406 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. China Reinsurance (Group)'s current Cyclically Adjusted PS Ratio of 0.38 is 69.1% 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 China Reinsurance (Group) and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Reinsurance (Group)'s current Cyclically Adjusted PS Ratio is 0.38, which is 31% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Reinsurance (Group) stock overvalued right now?
Based on GuruFocus' analysis, China Reinsurance (Group) (HKSE:01508) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.14, compared to a current price of HK$1.24 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.38, which is 31% above median its 10-year median of 0.29 and 69.1% below the Insurance industry median of 1.23. China Reinsurance (Group)'s overall GF Score™ is 78/100 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 China Reinsurance (Group) (HKSE:01508), the current Cyclically Adjusted PS Ratio is 0.38 as of Sep. 11, 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 China Reinsurance (Group) (HKSE:01508) Overvalued in 2026?

Based on GuruFocus' analysis, China Reinsurance (Group) stock appears to be overvalued. The current stock price of HK$1.24 is trading 8.8% above its estimated GF Value™ of HK$1.14. GuruFocus considers China Reinsurance (Group) to be Fairly Valued.

Key valuation signals for HKSE:01508:

  • Cyclically Adjusted PS Ratio: 0.38 (31% above median its 10-year median of 0.29)
  • GF Value™: HK$1.14 vs. price of HK$1.24 (8.8% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 69.1% below the Insurance median (#46 of 406)

No single metric tells the full story. See the HKSE:01508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Reinsurance (Group) Business Description

Other Exchanges C53:Germany
Address No. 11 Jinrong Avenue, Xicheng District, Beijing, CHN, 100033
China Reinsurance (Group) Corp is mainly engaged in property and casualty reinsurance, life and health reinsurance, primary property and casualty insurance, asset management and other businesses. Its operating and reportable segments are Property and casualty reinsurance segment offers a wide variety of reinsurance products; Life and health reinsurance segment offers a wide range of reinsurance products; Primary property and casualty insurance segment offers a wide variety of insurance products and other businesses including motor, property and liability insurance; Asset management segment offers asset management services; and Other segments of which majority of revenue comes from Primary property and casualty insurance.
78GF Score

Get the complete analysis for HKSE:01508

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

HK$1.24
Price
HK$1.14
GF Value