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Tianqi LithiumHKSE:09696 -5.16%91 Cyclically Adjusted PS Ratio is 4.81 as of Sep. 15, 2026, which is 52% below its 10-year median of 10.06. GuruFocus rates HKSE:09696 with a GF Score™ of 91/100 and a GF Value™ of HK$29.53 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,281 Chemicals companies, Tianqi Lithium ranks worse than 83.37% on this metric.
The historical rank and industry rank for Tianqi Lithium's Cyclically Adjusted PS Ratio or its related term are showing as below:
HKSE:09696'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.08 Med: 10.06 Max: 50.97
Current: 4.5
During the past years, Tianqi Lithium's highest Cyclically Adjusted PS Ratio was 50.97. The lowest was 3.08. And the median was 10.06.
HKSE:09696's Cyclically Adjusted PS Ratio is ranked worse than 83.37% of 1281
companies
in the Chemicals industry
Industry Median: 1.32
vs HKSE:09696: 4.50
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.
Tianqi Lithium's adjusted revenue per share data for the three months ended in Jun. 2026 was HK$4.707. 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$6.26 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tianqi Lithium (HKSE:09696) 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.
Tianqi Lithium Cyclically Adjusted PS Ratio Related Terms
Tianqi Lithium Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Tianqi Lithium'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.
HKSE:09696 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium Cyclically Adjusted PS Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium's Cyclically Adjusted PS Ratio falls into.
Tianqi Lithium 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.
Tianqi Lithium's Cyclically Adjusted PS Ratio for today is calculated as
* 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 4.81 mean?
Tianqi Lithium (HKSE:09696) has a Cyclically Adjusted PS Ratio of 4.81 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 Tianqi Lithium and its competitors. This is 52% below median its historical median of 10.06. Over the past decade, Tianqi Lithium's Cyclically Adjusted PS Ratio has ranged from 3.08 to 50.97. According to the industry distribution chart, Tianqi Lithium ranks #1068 out of 1281 companies in the Chemicals industry, placing it in the top 83.4%.
Is Tianqi Lithium's Cyclically Adjusted PS Ratio too high?
Tianqi Lithium's current Cyclically Adjusted PS Ratio of 4.81 is 52% below median its 10-year median of 10.06. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 50.97. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Tianqi Lithium's value of 4.81 is 264.4% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #1068 out of 1281 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tianqi Lithium has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #1068 out of 1281 companies for Cyclically Adjusted PS Ratio. This places Tianqi Lithium in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Tianqi Lithium's value of 4.81 is 264.4% above this benchmark. Historically, Tianqi Lithium's own Cyclically Adjusted PS Ratio has ranged from 3.08 to 50.97 over the past decade. While the company's 10-year median is 10.06 vs. the industry median of 1.32, Tianqi Lithium has consistently been above 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.32, based on 1,281 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. Tianqi Lithium's current Cyclically Adjusted PS Ratio of 4.81 is 264.4% above 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 Tianqi Lithium and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianqi Lithium's current Cyclically Adjusted PS Ratio is 4.81, which is 52% below median its own 10-year median of 10.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (HKSE:09696) is currently considered Fairly Valued. The stock's GF Value™ is HK$29.53, compared to a current price of HK$30.14 — trading 2.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.81, which is 52% below median its 10-year median of 10.06 and 264.4% above the Chemicals industry median of 1.32. Tianqi Lithium's overall GF Score™ is 91/100 with 5 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 Tianqi Lithium (HKSE:09696), the current Cyclically Adjusted PS Ratio is 4.81 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 Tianqi Lithium (HKSE:09696) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of HK$30.14 is trading 2.1% above its estimated GF Value™ of HK$29.53.
GuruFocus considers Tianqi Lithium to be Fairly Valued.
Key valuation signals for HKSE:09696:
Cyclically Adjusted PS Ratio: 4.81 (52% below median its 10-year median of 10.06)
GF Value™: HK$29.53 vs. price of HK$30.14 (2.1% above fair value)
Industry Position: 264.4% above the Chemicals median (#1068 of 1281)
No single metric tells the full story. See the HKSE:09696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
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