SG Group Holdings (HKSE:01657) Cyclically Adjusted PS Ratio: 8.25 (As of Sep. 15, 2026) — 371% Above Median

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HKSE:01657 SG Group Holdings Ltd HKSE:01657
55 GF Score
Price HK$48.92
GF Value HK$10.97
Valuation Significantly Overvalued
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What is SG Group Holdings Cyclically Adjusted PS Ratio?

SG Group Holdings HKSE:01657 -3.13% 55 Cyclically Adjusted PS Ratio is 8.25 as of Sep. 15, 2026, which is 371% above its 10-year median of 1.75. GuruFocus rates HKSE:01657 with a GF Score™ of 55/100 and a GF Value™ of HK$10.97 (Significantly Overvalued). Among 801 Retail - Cyclical companies, SG Group Holdings ranks worse than 97.63% on this metric.

As of today (2026-09-15), SG Group Holdings's current share price is HK$48.92. SG Group Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr26 was HK$5.93. SG Group Holdings's Cyclically Adjusted PS Ratio for today is 8.25.

The historical rank and industry rank for SG Group Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:01657' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.75   Max: 10.39
Current: 9.11

During the past 12 years, SG Group Holdings's highest Cyclically Adjusted PS Ratio was 10.39. The lowest was 1.18. And the median was 1.75.

HKSE:01657's Cyclically Adjusted PS Ratio is ranked worse than
97.63% of 801 companies
in the Retail - Cyclical industry
Industry Median: 0.51 vs HKSE:01657: 9.11

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.

SG Group Holdings's adjusted revenue per share data of for the fiscal year that ended in Apr26 was HK$5.195. 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$5.93 for the trailing ten years ended in Apr26.

Shiller PE for Stocks: The True Measure of Stock Valuation


SG Group Holdings  (HKSE:01657) 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.


SG Group Holdings Cyclically Adjusted PS Ratio Related Terms


SG Group Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SG Group Holdings'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.

SG Group Holdings Cyclically Adjusted PS Ratio Chart

SG Group Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.49 1.75 5.08

SG Group Holdings Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 1.49 1.54 1.75 2.69 5.08

HKSE:01657 vs TJX, ROST, BURL: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, SG Group Holdings'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.


SG Group Holdings Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SG Group Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HKSE:01657
55GF Score
SG Group Holdings Ltd HKSE:01657
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SG Group Holdings 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.

SG Group Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.92/5.93
=8.25

* 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.

SG Group Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr26 is calculated as:

For example, SG Group Holdings's adjusted Revenue per Share data for the fiscal year that ended in Apr26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr26 (Change)*Current CPI (Apr26)
=5.195/121.3631*121.3631
=5.195

Current CPI (Apr26) = 121.3631.

SG Group Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201704 6.659 103.884 7.779
201804 6.016 105.863 6.897
201904 6.387 108.941 7.115
202004 8.041 111.030 8.789
202104 3.779 111.909 4.098
202204 5.278 113.338 5.652
202304 4.668 115.647 4.899
202404 3.841 116.966 3.985
202504 4.805 119.275 4.889
202604 5.195 121.363 5.195

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 8.25 mean?
SG Group Holdings (HKSE:01657) has a Cyclically Adjusted PS Ratio of 8.25 as of Sep. 15, 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 SG Group Holdings and its competitors. This is 371% above median its historical median of 1.75. Over the past decade, SG Group Holdings' Cyclically Adjusted PS Ratio has ranged from 1.18 to 10.39. According to the industry distribution chart, SG Group Holdings ranks #782 out of 801 companies in the Retail - Cyclical industry, placing it in the top 97.6%.
Is SG Group Holdings' Cyclically Adjusted PS Ratio too high?
SG Group Holdings' current Cyclically Adjusted PS Ratio of 8.25 is 371% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 10.39. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.51. SG Group Holdings' value of 8.25 is 1517.6% above this industry median. Based on the distribution chart, SG Group Holdings ranks #782 out of 801 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, SG Group Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SG Group Holdings' Cyclically Adjusted PS Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, SG Group Holdings ranks #782 out of 801 companies for Cyclically Adjusted PS Ratio. This places SG Group Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.51. SG Group Holdings' value of 8.25 is 1517.6% above this benchmark. Historically, SG Group Holdings' own Cyclically Adjusted PS Ratio has ranged from 1.18 to 10.39 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 0.51, SG Group Holdings has consistently been above 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.51, based on 801 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. SG Group Holdings's current Cyclically Adjusted PS Ratio of 8.25 is 1517.6% above 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 SG Group Holdings and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SG Group Holdings's current Cyclically Adjusted PS Ratio is 8.25, which is 371% above median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SG Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, SG Group Holdings (HKSE:01657) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$10.97, compared to a current price of HK$48.92 — trading 345.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.25, which is 371% above median its 10-year median of 1.75 and 1517.6% above the Retail - Cyclical industry median of 0.51. SG Group Holdings' overall GF Score™ is 55/100. 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 SG Group Holdings (HKSE:01657), the current Cyclically Adjusted PS Ratio is 8.25 as of Sep. 15, 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 SG Group Holdings (HKSE:01657) Overvalued in 2026?

Based on GuruFocus' analysis, SG Group Holdings stock appears to be overvalued. The current stock price of HK$48.92 is trading 345.9% above its estimated GF Value™ of HK$10.97. GuruFocus considers SG Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01657:

  • Cyclically Adjusted PS Ratio: 8.25 (371% above median its 10-year median of 1.75)
  • GF Value™: HK$10.97 vs. price of HK$48.92 (345.9% above fair value)
  • GF Score™: 55/100
  • Industry Position: 1517.6% above the Retail - Cyclical median (#782 of 801)

No single metric tells the full story. See the HKSE:01657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SG Group Holdings Business Description

Address 1-7 Wah Sing Street, Unit B, 9th Floor, Mai Wah Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG
SG Group Holdings Ltd is an investment holding company. The company's operating segment includes the Supply of Apparel Products Traditional, the Supply of Apparel Products New Retail, and the Provision of institutional catering. It generates maximum revenue from the Supply of Apparel Products segment, which is engaged in the supply of apparel products with designing and sourcing services to fashion retailers. The company earns maximum revenue from the sale of Womenswear, Childrenswear, and Menswear products. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the PRC, Germany, the United States of America, Hong Kong, Ireland, Canada, and other countries.
55GF Score

Get the complete analysis for HKSE:01657

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

HK$48.92
Price
HK$10.97
GF Value