Harbin Bank Co (HKSE:06138) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:06138 Harbin Bank Co Ltd HKSE:06138
41 GF Score
Price HK$0.30
GF Value HK$0.36
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Harbin Bank Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbin Bank Co  (HKSE:06138) 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.


Harbin Bank Co Cyclically Adjusted PS Ratio Related Terms


Harbin Bank Co Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Harbin Bank 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.

Harbin Bank Co Cyclically Adjusted PS Ratio Chart

Harbin Bank 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 0.54 0.22 0.16 0.22 0.23

Harbin Bank Co 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 0.19 0.22 0.26 0.23 0.20

Harbin Bank Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Harbin Bank 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.


Harbin Bank Co Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Harbin Bank Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Harbin Bank Co's Cyclically Adjusted PS Ratio falls into.


HKSE:06138
41GF Score
Harbin Bank Co Ltd HKSE:06138
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbin Bank 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.

Harbin Bank Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Harbin Bank Co'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)
=1.451/115.8323*115.8323
=1.451

Current CPI (Dec25) = 115.8323.

Harbin Bank Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.518 102.600 1.714
201712 1.476 104.500 1.636
201812 1.558 106.500 1.695
201912 1.580 111.200 1.646
202012 1.514 111.500 1.573
202112 1.339 113.108 1.371
202212 1.377 115.116 1.386
202312 1.349 114.781 1.361
202412 1.426 114.893 1.438
202512 1.451 115.832 1.451

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 Harbin Bank Co (HKSE:06138) Overvalued in 2026?

Based on GuruFocus' analysis, Harbin Bank Co stock appears to be undervalued. The current stock price of HK$0.30 is trading 16.7% below its estimated GF Value™ of HK$0.36. GuruFocus considers Harbin Bank Co to be Modestly Undervalued.

Key valuation signals for HKSE:06138:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: HK$0.36 vs. price of HK$0.30 (16.7% below fair value)
  • GF Score™: 41/100 with 5 warning signs

No single metric tells the full story. See the HKSE:06138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harbin Bank Co Business Description

Other Exchanges 5H6:Germany
Address No. 888 Shangjiang Street, Daoli District, Heilongjiang Province, Harbin, CHN, 150010
Harbin Bank Co Ltd provides deposit services, loan services, payment and settlement services and financial leasing services, as well as other financial services approved by the NFRA. Its segments include Corporate financial business, Retail financial business, Interbank financial business, and Other business. The majority of the revenue is derived from Corporate financial business which provides financial products and services to corporate customers, including deposits, loans, settlement and clearing and other products and services relating to the trading business. Its geographical segments include Heilongjiang region, Other regions in Northeastern China, Southwestern China, and Other regions.
41GF Score

Get the complete analysis for HKSE:06138

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

HK$0.30
Price
HK$0.36
GF Value