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Hong Kong Exchanges and ClearingHKXCF +7.25%89 Cyclically Adjusted PS Ratio is 28.54 as of Jul. 26, 2026, which is 4% above its 10-year median of 27.48. GuruFocus rates HKXCF with a GF Score™ of 89/100 and a GF Value™ of $66.24 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 605 Capital Markets companies, Hong Kong Exchanges and Clearing ranks worse than 94.88% on this metric.
The historical rank and industry rank for Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio or its related term are showing as below:
HKXCF'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 17.36 Med: 27.48 Max: 57.21
Current: 28.37
During the past years, Hong Kong Exchanges and Clearing's highest Cyclically Adjusted PS Ratio was 57.21. The lowest was 17.36. And the median was 27.48.
HKXCF's Cyclically Adjusted PS Ratio is ranked worse than 94.88% of 605
companies
in the Capital Markets industry
Industry Median: 3.34
vs HKXCF: 28.37
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.
Hong Kong Exchanges and Clearing's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.689. 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 $1.85 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hong Kong Exchanges and Clearing (OTCPK:HKXCF) 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.
Hong Kong Exchanges and Clearing Cyclically Adjusted PS Ratio Related Terms
Hong Kong Exchanges and Clearing 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.
Hong Kong Exchanges and Clearing Cyclically Adjusted PS Ratio Chart
HKXCF vs SPGI, CME, MCO: Cyclically Adjusted PS Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.
Hong Kong Exchanges and Clearing Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio falls into.
Hong Kong Exchanges and Clearing 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 28.54 mean?
Hong Kong Exchanges and Clearing (HKXCF) has a Cyclically Adjusted PS Ratio of 28.54 as of Jul. 26, 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 Hong Kong Exchanges and Clearing and its competitors. This is near median its historical median of 27.48. Over the past decade, Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio has ranged from 17.36 to 57.21. According to the industry distribution chart, Hong Kong Exchanges and Clearing ranks #574 out of 605 companies in the Capital Markets industry, placing it in the top 94.9%.
Is Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio too high?
Hong Kong Exchanges and Clearing's current Cyclically Adjusted PS Ratio of 28.54 is near median its 10-year median of 27.48. Over the past 10 years, this metric has ranged from a low of 17.36 to a high of 57.21. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.34. Hong Kong Exchanges and Clearing's value of 28.54 is 754.5% above this industry median. Based on the distribution chart, Hong Kong Exchanges and Clearing ranks #574 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Hong Kong Exchanges and Clearing has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Exchanges and Clearing's Cyclically Adjusted PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Hong Kong Exchanges and Clearing ranks #574 out of 605 companies for Cyclically Adjusted PS Ratio. This places Hong Kong Exchanges and Clearing in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.34. Hong Kong Exchanges and Clearing's value of 28.54 is 754.5% above this benchmark. Historically, Hong Kong Exchanges and Clearing's own Cyclically Adjusted PS Ratio has ranged from 17.36 to 57.21 over the past decade. While the company's 10-year median is 27.48 vs. the industry median of 3.34, Hong Kong Exchanges and Clearing 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.34, based on 605 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. Hong Kong Exchanges and Clearing's current Cyclically Adjusted PS Ratio of 28.54 is 754.5% 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 Hong Kong Exchanges and Clearing and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Exchanges and Clearing's current Cyclically Adjusted PS Ratio is 28.54, which is near median its own 10-year median of 27.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Exchanges and Clearing stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing (HKXCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $66.24, compared to a current price of $52.80 — trading 20.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 28.54, which is near median its 10-year median of 27.48 and 754.5% above the Capital Markets industry median of 3.34. Hong Kong Exchanges and Clearing's overall GF Score™ is 89/100 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 Hong Kong Exchanges and Clearing (HKXCF), the current Cyclically Adjusted PS Ratio is 28.54 as of Jul. 26, 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 Hong Kong Exchanges and Clearing (HKXCF) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing stock appears to be undervalued.
The current stock price of $52.80 is trading 20.3% below its estimated GF Value™ of $66.24.
GuruFocus considers Hong Kong Exchanges and Clearing to be Modestly Undervalued.
Key valuation signals for HKXCF:
Cyclically Adjusted PS Ratio: 28.54 (near median its 10-year median of 27.48)
GF Value™: $66.24 vs. price of $52.80 (20.3% below fair value)
Industry Position: 754.5% above the Capital Markets median (#574 of 605)
No single metric tells the full story. See the HKXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Exchanges and Clearing Business Description
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
89GF Score
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