Asia-express Logistics Holdings (HKSE:08620) Cyclically Adjusted PS Ratio: 0.20 (As of Sep. 05, 2026) — Near Median

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HKSE:08620 Asia-express Logistics Holdings Ltd HKSE:08620
53 GF Score
Price HK$0.15
GF Value HK$0.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Asia-express Logistics Holdings Cyclically Adjusted PS Ratio?

Asia-express Logistics Holdings HKSE:08620 -5.70% 53 Cyclically Adjusted PS Ratio is 0.20 as of Sep. 05, 2026, which is 5% above its 10-year median of 0.19. GuruFocus rates HKSE:08620 with a GF Score™ of 53/100 and a GF Value™ of HK$0.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 763 Transportation companies, Asia-express Logistics Holdings ranks better than 86.5% on this metric.

As of today (2026-09-05), Asia-express Logistics Holdings's current share price is HK$0.149. Asia-express Logistics Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was HK$0.76. Asia-express Logistics Holdings's Cyclically Adjusted PS Ratio for today is 0.20.

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

HKSE:08620' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.19   Max: 0.24
Current: 0.2

During the past 10 years, Asia-express Logistics Holdings's highest Cyclically Adjusted PS Ratio was 0.24. The lowest was 0.14. And the median was 0.19.

HKSE:08620's Cyclically Adjusted PS Ratio is ranked better than
86.5% of 763 companies
in the Transportation industry
Industry Median: 0.92 vs HKSE:08620: 0.20

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.

Asia-express Logistics Holdings's adjusted revenue per share data of for the fiscal year that ended in Mar26 was HK$0.621. 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$0.76 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia-express Logistics Holdings  (HKSE:08620) 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.


Asia-express Logistics Holdings Cyclically Adjusted PS Ratio Related Terms


Asia-express Logistics Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asia-express Logistics 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.

Asia-express Logistics Holdings Cyclically Adjusted PS Ratio Chart

Asia-express Logistics Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.25

Asia-express Logistics Holdings Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 0.00 0.00 0.00 0.25

HKSE:08620 vs JOBY: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Asia-express Logistics 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.


Asia-express Logistics Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Asia-express Logistics Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Asia-express Logistics Holdings's Cyclically Adjusted PS Ratio falls into.


HKSE:08620
53GF Score
Asia-express Logistics Holdings Ltd HKSE:08620
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia-express Logistics 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.

Asia-express Logistics Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.149/0.76
=0.20

* 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.

Asia-express Logistics Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Asia-express Logistics Holdings's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=0.621/121.4731*121.4731
=0.621

Current CPI (Mar26) = 121.4731.

Asia-express Logistics Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 0.644 103.335 0.757
201803 0.671 105.973 0.769
201903 0.732 108.172 0.822
202003 0.665 110.920 0.728
202103 0.797 111.579 0.868
202203 0.860 113.558 0.920
202303 0.683 115.427 0.719
202403 0.682 117.735 0.704
202503 0.659 119.384 0.671
202603 0.621 121.473 0.621

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 0.20 mean?
Asia-express Logistics Holdings (HKSE:08620) has a Cyclically Adjusted PS Ratio of 0.20 as of Sep. 05, 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 Asia-express Logistics Holdings and its competitors. This is near median its historical median of 0.19. Over the past decade, Asia-express Logistics Holdings' Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.24. According to the industry distribution chart, Asia-express Logistics Holdings ranks #103 out of 763 companies in the Transportation industry, placing it in the top 13.5%.
Is Asia-express Logistics Holdings' Cyclically Adjusted PS Ratio too high?
Asia-express Logistics Holdings' current Cyclically Adjusted PS Ratio of 0.20 is near median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.24. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Asia-express Logistics Holdings' value of 0.20 is 78.3% below this industry median. Based on the distribution chart, Asia-express Logistics Holdings ranks #103 out of 763 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Asia-express Logistics Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia-express Logistics Holdings' Cyclically Adjusted PS Ratio compare to JOBY?
According to the Transportation industry distribution chart, Asia-express Logistics Holdings ranks #103 out of 763 companies for Cyclically Adjusted PS Ratio. This places Asia-express Logistics Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.92. Asia-express Logistics Holdings' value of 0.20 is 78.3% below this benchmark. Historically, Asia-express Logistics Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.24 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.92, Asia-express Logistics 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.92, based on 763 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. Asia-express Logistics Holdings's current Cyclically Adjusted PS Ratio of 0.20 is 78.3% 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 Asia-express Logistics Holdings and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia-express Logistics Holdings's current Cyclically Adjusted PS Ratio is 0.20, which is near median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia-express Logistics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia-express Logistics Holdings (HKSE:08620) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.15 — trading 49% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.20, which is near median its 10-year median of 0.19 and 78.3% below the Transportation industry median of 0.92. Asia-express Logistics Holdings' overall GF Score™ is 53/100 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 Asia-express Logistics Holdings (HKSE:08620), the current Cyclically Adjusted PS Ratio is 0.20 as of Sep. 05, 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 Asia-express Logistics Holdings (HKSE:08620) Overvalued in 2026?

Based on GuruFocus' analysis, Asia-express Logistics Holdings stock appears to be overvalued. The current stock price of HK$0.15 is trading 49% above its estimated GF Value™ of HK$0.10. GuruFocus considers Asia-express Logistics Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:08620:

  • Cyclically Adjusted PS Ratio: 0.20 (near median its 10-year median of 0.19)
  • GF Value™: HK$0.10 vs. price of HK$0.15 (49% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 78.3% below the Transportation median (#103 of 763)

No single metric tells the full story. See the HKSE:08620 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia-express Logistics Holdings Business Description

Address 38-42 Kwai Fung Crescent, 3rd Floor, Magnet Place Tower 2, Kwai Chung, New Territories, Hong Kong, HKG
Asia-express Logistics Holdings Ltd is an air cargo ground handling services provider in Hong Kong. The company's air cargo ground handling services cover Air cargo terminal operation; Transportation; Warehousing and other value-added services. It provides services to express carriers; air cargo terminal operators, freight forwarders, and corporates domestically and regionally. The group's operations are mainly located in Hong Kong and the PRC, of which key revenue is generated from Air cargo terminal operation services in Hong Kong.
53GF Score

Get the complete analysis for HKSE:08620

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

HK$0.15
Price
HK$0.10
GF Value