JTF International Holdings (HKSE:09689) Cyclically Adjusted PS Ratio: 0.16 (As of Sep. 15, 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:09689 JTF International Holdings Ltd HKSE:09689
52 GF Score
Price HK$0.47
GF Value HK$0.74
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is JTF International Holdings Cyclically Adjusted PS Ratio?

JTF International Holdings HKSE:09689 52 Cyclically Adjusted PS Ratio is 0.16 as of Sep. 15, 2026, which is 23% above its 10-year median of 0.13. GuruFocus rates HKSE:09689 with a GF Score™ of 52/100 and a GF Value™ of HK$0.74 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 713 Oil & Gas companies, JTF International Holdings ranks better than 89.62% on this metric.

As of today (2026-09-15), JTF International Holdings's current share price is HK$0.47. JTF International Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was HK$2.97. JTF International Holdings's Cyclically Adjusted PS Ratio for today is 0.16.

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

HKSE:09689' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.13   Max: 0.26
Current: 0.16

During the past 11 years, JTF International Holdings's highest Cyclically Adjusted PS Ratio was 0.26. The lowest was 0.07. And the median was 0.13.

HKSE:09689's Cyclically Adjusted PS Ratio is ranked better than
89.62% of 713 companies
in the Oil & Gas industry
Industry Median: 1.07 vs HKSE:09689: 0.16

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.

JTF International Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was HK$1.389. 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$2.97 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


JTF International Holdings  (HKSE:09689) 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.


JTF International Holdings Cyclically Adjusted PS Ratio Related Terms


JTF International Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JTF International 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.

JTF International Holdings Cyclically Adjusted PS Ratio Chart

JTF International Holdings 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 0.00 0.00 0.00 0.12 0.14

JTF International Holdings Semi-Annual Data
Jun17 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 0.00 0.12 0.09 0.14 0.22

HKSE:09689 vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, JTF International 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.


JTF International Holdings Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, JTF International Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HKSE:09689
52GF Score
JTF International Holdings Ltd HKSE:09689
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JTF International 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.47/2.965
=0.16

* 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.

JTF International Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, JTF International Holdings'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)
=1.389/115.8323*115.8323
=1.389

Current CPI (Dec25) = 115.8323.

JTF International Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 3.106 102.600 3.507
201712 4.779 104.500 5.297
201812 5.440 106.500 5.917
201912 4.519 111.200 4.707
202012 1.340 111.500 1.392
202112 2.648 113.108 2.712
202212 1.919 115.116 1.931
202312 1.473 114.781 1.486
202412 1.305 114.893 1.316
202512 1.389 115.832 1.389

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 0.16 mean?
JTF International Holdings (HKSE:09689) has a Cyclically Adjusted PS Ratio of 0.16 as of Sep. 15, 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 JTF International Holdings and its competitors. This is 23% above median its historical median of 0.13. Over the past decade, JTF International Holdings' Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.26. According to the industry distribution chart, JTF International Holdings ranks #74 out of 713 companies in the Oil & Gas industry, placing it in the top 10.4%.
Is JTF International Holdings' Cyclically Adjusted PS Ratio too high?
JTF International Holdings' current Cyclically Adjusted PS Ratio of 0.16 is 23% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.26. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.07. JTF International Holdings' value of 0.16 is 85% below this industry median. Based on the distribution chart, JTF International Holdings ranks #74 out of 713 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, JTF International Holdings has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JTF International Holdings' Cyclically Adjusted PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, JTF International Holdings ranks #74 out of 713 companies for Cyclically Adjusted PS Ratio. This places JTF International Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.07. JTF International Holdings' value of 0.16 is 85% below this benchmark. Historically, JTF International Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.26 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 1.07, JTF International 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.07, based on 713 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. JTF International Holdings's current Cyclically Adjusted PS Ratio of 0.16 is 85% 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 JTF International Holdings and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JTF International Holdings's current Cyclically Adjusted PS Ratio is 0.16, which is 23% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTF International Holdings stock overvalued right now?
Based on GuruFocus' analysis, JTF International Holdings (HKSE:09689) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.74, compared to a current price of HK$0.47 — trading 36.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.16, which is 23% above median its 10-year median of 0.13 and 85% below the Oil & Gas industry median of 1.07. JTF International Holdings' overall GF Score™ is 52/100 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 JTF International Holdings (HKSE:09689), the current Cyclically Adjusted PS Ratio is 0.16 as of Sep. 15, 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 JTF International Holdings (HKSE:09689) Overvalued in 2026?

Based on GuruFocus' analysis, JTF International Holdings stock appears to be undervalued. The current stock price of HK$0.47 is trading 36.5% below its estimated GF Value™ of HK$0.74. GuruFocus considers JTF International Holdings to be Possible Value Trap.

Key valuation signals for HKSE:09689:

  • Cyclically Adjusted PS Ratio: 0.16 (23% above median its 10-year median of 0.13)
  • GF Value™: HK$0.74 vs. price of HK$0.47 (36.5% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 85% below the Oil & Gas median (#74 of 713)

No single metric tells the full story. See the HKSE:09689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JTF International Holdings Business Description

Industry EnergyOil & Gas
Address No. 35, Yanjiang Road, Shazhuang Tujiang Village, Shitan Town, Zengcheng District, Guangdong Province, Guangzhou, CHN
JTF International Holdings Ltd is engaged in the sale of refined oil, other petrochemical products, and the blending and sale of fuel oil in the People's Republic of China (the PRC). Its product portfolio includes fuel oil, refined oil, and other petrochemical products. It operates in a single segment and geographically derives the majority of the revenue from the PRC.
52GF Score

Get the complete analysis for HKSE:09689

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

HK$0.47
Price
HK$0.74
GF Value