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HKSE:08286's Cyclically Adjusted PS Ratio is ranked better than 50.66% of 1964
companies
in the Hardware industry
Industry Median: 1.405
vs HKSE:08286: 1.37
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.
Shanxi Changcheng Microlight Equipment Co's adjusted revenue per share data of for the fiscal year that ended in Dec25 was HK$0.066. 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$0.08 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Shanxi Changcheng Microlight Equipment Co (HKSE:08286) 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.
Shanxi Changcheng Microlight Equipment Co Cyclically Adjusted PS Ratio Related Terms
Shanxi Changcheng Microlight Equipment Co Cyclically Adjusted PS Ratio Historical Data
* 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.
Shanxi Changcheng Microlight Equipment Co Cyclically Adjusted PS Ratio Chart
Shanxi Changcheng Microlight Equipment Co Annual Data
HKSE:08286 vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison
For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.
Shanxi Changcheng Microlight Equipment Co Cyclically Adjusted PS Ratio vs Hardware Industry
Shanxi Changcheng Microlight Equipment 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.
* 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.
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 1.38 mean?
Shanxi Changcheng Microlight Equipment Co (HKSE:08286) has a Cyclically Adjusted PS Ratio of 1.38 as of Sep. 08, 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 Shanxi Changcheng Microlight Equipment Co and its competitors. This is near median its historical median of 1.50. Over the past decade, Shanxi Changcheng Microlight Equipment Co's Cyclically Adjusted PS Ratio has ranged from 0.31 to 4.94. According to the industry distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #969 out of 1964 companies in the Hardware industry, placing it in the top 49.3%.
Is Shanxi Changcheng Microlight Equipment Co's Cyclically Adjusted PS Ratio too high?
Shanxi Changcheng Microlight Equipment Co's current Cyclically Adjusted PS Ratio of 1.38 is near median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.94. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. Shanxi Changcheng Microlight Equipment Co's value of 1.38 is 1.8% below this industry median. Based on the distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #969 out of 1964 companies in the Hardware industry, which is above the industry midpoint. Overall, Shanxi Changcheng Microlight Equipment Co has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanxi Changcheng Microlight Equipment Co's Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #969 out of 1964 companies for Cyclically Adjusted PS Ratio. This puts Shanxi Changcheng Microlight Equipment Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Shanxi Changcheng Microlight Equipment Co's value of 1.38 is 1.8% below this benchmark. Historically, Shanxi Changcheng Microlight Equipment Co's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 4.94 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.41, Shanxi Changcheng Microlight Equipment 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,964 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. Shanxi Changcheng Microlight Equipment Co's current Cyclically Adjusted PS Ratio of 1.38 is 1.8% 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 Shanxi Changcheng Microlight Equipment Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Changcheng Microlight Equipment Co's current Cyclically Adjusted PS Ratio is 1.38, which is near median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Changcheng Microlight Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Changcheng Microlight Equipment Co (HKSE:08286) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.11 — trading 8.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.38, which is near median its 10-year median of 1.50 and 1.8% below the Hardware industry median of 1.41. Shanxi Changcheng Microlight Equipment Co's overall GF Score™ is 38/100 with 3 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 Shanxi Changcheng Microlight Equipment Co (HKSE:08286), the current Cyclically Adjusted PS Ratio is 1.38 as of Sep. 08, 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 Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Overvalued in 2026?
Based on GuruFocus' analysis, Shanxi Changcheng Microlight Equipment Co stock appears to be undervalued.
The current stock price of HK$0.11 is trading 8.3% below its estimated GF Value™ of HK$0.12.
GuruFocus considers Shanxi Changcheng Microlight Equipment Co to be Fairly Valued.
Key valuation signals for HKSE:08286:
Cyclically Adjusted PS Ratio: 1.38 (near median its 10-year median of 1.50)
GF Value™: HK$0.12 vs. price of HK$0.11 (8.3% below fair value)
Industry Position: 1.8% below the Hardware median (#969 of 1964)
No single metric tells the full story. See the HKSE:08286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates. The company geographically operates in PRC, Russia, Europe and Hong Kong, out of which PRC derives maximum revenue.
38GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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