WLS Holdings (HKSE:08021) Cyclically Adjusted PS Ratio: 0.35 (As of Aug. 22, 2026) — 31% Below Median

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HKSE:08021 WLS Holdings Ltd HKSE:08021
41 GF Score
Price HK$0.17
GF Value HK$0.66
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is WLS Holdings Cyclically Adjusted PS Ratio?

WLS Holdings HKSE:08021 +1.19% 41 Cyclically Adjusted PS Ratio is 0.35 as of Aug. 22, 2026, which is 31% below its 10-year median of 0.51. GuruFocus rates HKSE:08021 with a GF Score™ of 41/100 and a GF Value™ of HK$0.66 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 420 Credit Services companies, WLS Holdings ranks better than 95.24% on this metric.

As of today (2026-08-22), WLS Holdings's current share price is HK$0.17. WLS Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr25 was HK$0.49. WLS Holdings's Cyclically Adjusted PS Ratio for today is 0.35.

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

HKSE:08021' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.51   Max: 3.82
Current: 0.35

During the past 13 years, WLS Holdings's highest Cyclically Adjusted PS Ratio was 3.82. The lowest was 0.04. And the median was 0.51.

HKSE:08021's Cyclically Adjusted PS Ratio is ranked better than
95.24% of 420 companies
in the Credit Services industry
Industry Median: 3.03 vs HKSE:08021: 0.35

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.

WLS Holdings's adjusted revenue per share data of for the fiscal year that ended in Apr25 was HK$0.220. 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$0.49 for the trailing ten years ended in Apr25.

Shiller PE for Stocks: The True Measure of Stock Valuation


WLS Holdings  (HKSE:08021) 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.


WLS Holdings Cyclically Adjusted PS Ratio Related Terms


WLS Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for WLS 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.

WLS Holdings Cyclically Adjusted PS Ratio Chart

WLS 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 0.94 3.16 1.73 1.88 0.00

WLS Holdings Semi-Annual Data
Oct16 Apr17 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 Premium Member Only Premium Member Only 1.73 0.00 1.88 0.00 0.00

HKSE:08021 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, WLS 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.


WLS Holdings Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, WLS Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HKSE:08021
41GF Score
WLS Holdings Ltd HKSE:08021
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WLS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.17/0.49
=0.35

* 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.

WLS Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Apr25 is calculated as:

For example, WLS Holdings's adjusted Revenue per Share data for the fiscal year that ended in Apr25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr25 (Change)*Current CPI (Apr25)
=0.22/119.2745*119.2745
=0.220

Current CPI (Apr25) = 119.2745.

WLS Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201604 0.770 101.796 0.902
201704 0.582 103.884 0.668
201804 0.470 105.863 0.530
201904 0.477 108.941 0.522
202004 0.383 111.030 0.411
202104 0.415 111.909 0.442
202204 0.526 113.338 0.554
202304 0.406 115.647 0.419
202404 0.229 116.966 0.234
202504 0.220 119.275 0.220

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 0.35 mean?
WLS Holdings (HKSE:08021) has a Cyclically Adjusted PS Ratio of 0.35 as of Aug. 22, 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 WLS Holdings and its competitors. This is 31% below median its historical median of 0.51. Over the past decade, WLS Holdings' Cyclically Adjusted PS Ratio has ranged from 0.04 to 3.82. According to the industry distribution chart, WLS Holdings ranks #20 out of 420 companies in the Credit Services industry, placing it in the top 4.8%.
Is WLS Holdings' Cyclically Adjusted PS Ratio too high?
WLS Holdings' current Cyclically Adjusted PS Ratio of 0.35 is 31% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 3.82. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.03. WLS Holdings' value of 0.35 is 88.4% below this industry median. Based on the distribution chart, WLS Holdings ranks #20 out of 420 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, WLS Holdings has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WLS Holdings' Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, WLS Holdings ranks #20 out of 420 companies for Cyclically Adjusted PS Ratio. This places WLS Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.03. WLS Holdings' value of 0.35 is 88.4% below this benchmark. Historically, WLS Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.04 to 3.82 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 3.03, WLS Holdings 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 a Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.03, based on 420 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. WLS Holdings's current Cyclically Adjusted PS Ratio of 0.35 is 88.4% 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 WLS Holdings and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WLS Holdings's current Cyclically Adjusted PS Ratio is 0.35, which is 31% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WLS Holdings stock overvalued right now?
Based on GuruFocus' analysis, WLS Holdings (HKSE:08021) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.66, compared to a current price of HK$0.17 — trading 74.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.35, which is 31% below median its 10-year median of 0.51 and 88.4% below the Credit Services industry median of 3.03. WLS Holdings' overall GF Score™ is 41/100 with 4 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 WLS Holdings (HKSE:08021), the current Cyclically Adjusted PS Ratio is 0.35 as of Aug. 22, 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 WLS Holdings (HKSE:08021) Overvalued in 2026?

Based on GuruFocus' analysis, WLS Holdings stock appears to be undervalued. The current stock price of HK$0.17 is trading 74.2% below its estimated GF Value™ of HK$0.66. GuruFocus considers WLS Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08021:

  • Cyclically Adjusted PS Ratio: 0.35 (31% below median its 10-year median of 0.51)
  • GF Value™: HK$0.66 vs. price of HK$0.17 (74.2% below fair value)
  • GF Score™: 41/100 with 4 warning signs
  • Industry Position: 88.4% below the Credit Services median (#20 of 420)

No single metric tells the full story. See the HKSE:08021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WLS Holdings Business Description

Address No.11 Yip Hing Street, Rooms 1001-1006, 10th Floor, Tower A, Southmark, Wong Chuk Hang, Aberdeen, Hong Kong, HKG
WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. The Group is organized into three operating segments the provision of scaffolding, fittingout and other auxiliary services for construction and buildings work; Money lending business; and Securities investment business. The group generates a majority of the revenue from the Money lending business segment. The Group's operations are located in Hong Kong and all of the Group's revenue were derived from Hong Kong.
41GF Score

Get the complete analysis for HKSE:08021

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

HK$0.17
Price
HK$0.66
GF Value