China Pacific Insurance (Group) Co (HKSE:02601) Cyclically Adjusted PS Ratio: 0.61 (As of Sep. 17, 2026) — 36% Below Median

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HKSE:02601 China Pacific Insurance (Group) Co Ltd HKSE:02601
77 GF Score
Price HK$28.56
GF Value HK$36.36
Valuation Modestly Undervalued
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What is China Pacific Insurance (Group) Co Cyclically Adjusted PS Ratio?

China Pacific Insurance (Group) Co HKSE:02601 -0.63% 77 Cyclically Adjusted PS Ratio is 0.61 as of Sep. 17, 2026, which is 36% below its 10-year median of 0.95. GuruFocus rates HKSE:02601 with a GF Score™ of 77/100 and a GF Value™ of HK$36.36 (Modestly Undervalued). Among 407 Insurance companies, China Pacific Insurance (Group) Co ranks better than 69.04% on this metric.

As of today (2026-09-17), China Pacific Insurance (Group) Co's current share price is HK$28.56. China Pacific Insurance (Group) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was HK$46.59. China Pacific Insurance (Group) Co's Cyclically Adjusted PS Ratio for today is 0.61.

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

HKSE:02601' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.95   Max: 2.07
Current: 0.8

During the past years, China Pacific Insurance (Group) Co's highest Cyclically Adjusted PS Ratio was 2.07. The lowest was 0.49. And the median was 0.95.

HKSE:02601's Cyclically Adjusted PS Ratio is ranked better than
69.04% of 407 companies
in the Insurance industry
Industry Median: 1.25 vs HKSE:02601: 0.80

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 Pacific Insurance (Group) Co's adjusted revenue per share data for the three months ended in Jun. 2026 was HK$13.244. 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$46.59 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Pacific Insurance (Group) Co  (HKSE:02601) 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 Pacific Insurance (Group) Co Cyclically Adjusted PS Ratio Related Terms


China Pacific Insurance (Group) Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Pacific Insurance (Group) Co'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 Pacific Insurance (Group) Co Cyclically Adjusted PS Ratio Chart

China Pacific Insurance (Group) Co 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 0.51 0.40 0.36 0.57 0.78

China Pacific Insurance (Group) Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.60 0.68 0.76 0.69 0.58

HKSE:02601 vs MET, AFL, PRU: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, China Pacific Insurance (Group) Co'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 Pacific Insurance (Group) Co Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


HKSE:02601
77GF Score
China Pacific Insurance (Group) Co Ltd HKSE:02601
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Pacific Insurance (Group) Co 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 Pacific Insurance (Group) Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.56/46.585
=0.61

* 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 Pacific Insurance (Group) Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Pacific Insurance (Group) Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=13.244/116.0564*116.0564
=13.244

Current CPI (Jun. 2026) = 116.0564.

China Pacific Insurance (Group) Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.723 102.400 9.886
201612 6.725 102.600 7.607
201703 13.413 103.200 15.084
201706 8.638 103.100 9.724
201709 10.450 104.100 11.650
201712 7.884 104.500 8.756
201803 17.018 105.300 18.756
201806 10.964 104.900 12.130
201809 10.852 106.600 11.815
201812 8.102 106.500 8.829
201903 16.939 107.700 18.253
201906 11.075 107.700 11.934
201909 11.058 109.800 11.688
201912 8.966 111.200 9.358
202003 16.843 112.300 17.406
202006 11.571 110.400 12.164
202009 12.265 111.700 12.743
202012 9.701 111.500 10.097
202103 18.665 112.662 19.227
202106 12.556 111.769 13.038
202109 12.128 112.215 12.543
202112 11.002 113.108 11.289
202203 10.144 114.335 10.297
202206 10.549 114.558 10.687
202209 10.443 115.339 10.508
202212 8.933 115.116 9.006
202303 9.750 115.116 9.830
202306 10.165 114.558 10.298
202309 9.901 115.339 9.963
202312 8.792 114.781 8.890
202403 9.098 115.227 9.163
202406 10.473 114.781 10.589
202409 10.782 115.785 10.807
202412 11.003 114.893 11.114
202503 10.239 115.116 10.323
202506 11.508 114.907 11.623
202509 12.300 115.471 12.362
202512 11.661 115.832 11.684
202603 11.508 116.303 11.484
202606 13.244 116.056 13.244

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 0.61 mean?
China Pacific Insurance (Group) Co (HKSE:02601) has a Cyclically Adjusted PS Ratio of 0.61 as of Sep. 17, 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 Pacific Insurance (Group) Co and its competitors. This is 36% below median its historical median of 0.95. Over the past decade, China Pacific Insurance (Group) Co's Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.07. According to the industry distribution chart, China Pacific Insurance (Group) Co ranks #126 out of 407 companies in the Insurance industry, placing it in the top 31%.
Is China Pacific Insurance (Group) Co's Cyclically Adjusted PS Ratio too high?
China Pacific Insurance (Group) Co's current Cyclically Adjusted PS Ratio of 0.61 is 36% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.07. The Insurance industry median Cyclically Adjusted PS Ratio is 1.25. China Pacific Insurance (Group) Co's value of 0.61 is 51.2% below this industry median. Based on the distribution chart, China Pacific Insurance (Group) Co ranks #126 out of 407 companies in the Insurance industry, which is above the industry midpoint. Overall, China Pacific Insurance (Group) Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Pacific Insurance (Group) Co's Cyclically Adjusted PS Ratio compare to MET and AFL?
According to the Insurance industry distribution chart, China Pacific Insurance (Group) Co ranks #126 out of 407 companies for Cyclically Adjusted PS Ratio. This puts China Pacific Insurance (Group) Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.25. China Pacific Insurance (Group) Co's value of 0.61 is 51.2% below this benchmark. Historically, China Pacific Insurance (Group) Co's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.07 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 1.25, China Pacific Insurance (Group) Co 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 1.25, based on 407 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 Pacific Insurance (Group) Co's current Cyclically Adjusted PS Ratio of 0.61 is 51.2% 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 Pacific Insurance (Group) Co and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Pacific Insurance (Group) Co's current Cyclically Adjusted PS Ratio is 0.61, which is 36% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Pacific Insurance (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Pacific Insurance (Group) Co (HKSE:02601) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$36.36, compared to a current price of HK$28.56 — trading 21.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.61, which is 36% below median its 10-year median of 0.95 and 51.2% below the Insurance industry median of 1.25. China Pacific Insurance (Group) Co's overall GF Score™ is 77/100. 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 China Pacific Insurance (Group) Co (HKSE:02601), the current Cyclically Adjusted PS Ratio is 0.61 as of Sep. 17, 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 Pacific Insurance (Group) Co (HKSE:02601) Overvalued in 2026?

Based on GuruFocus' analysis, China Pacific Insurance (Group) Co stock appears to be undervalued. The current stock price of HK$28.56 is trading 21.5% below its estimated GF Value™ of HK$36.36. GuruFocus considers China Pacific Insurance (Group) Co to be Modestly Undervalued.

Key valuation signals for HKSE:02601:

  • Cyclically Adjusted PS Ratio: 0.61 (36% below median its 10-year median of 0.95)
  • GF Value™: HK$36.36 vs. price of HK$28.56 (21.5% below fair value)
  • GF Score™: 77/100
  • Industry Position: 51.2% below the Insurance median (#126 of 407)

No single metric tells the full story. See the HKSE:02601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Pacific Insurance (Group) Co Business Description

Address 1 South Zhongshan Road, Huangpu District, Shanghai, CHN, 200010
Established in 1988, China Pacific Insurance is China's third-largest life insurer and third-largest general property and casualty insurer, with headquarters in Beijing. The company strives to create an integrated financial services platform that encompasses insurance, banking, and asset management. CPIC's major shareholders are state-owned companies related to the Shanghai government.
77GF Score

Get the complete analysis for HKSE:02601

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

HK$28.56
Price
HK$36.36
GF Value