HLDVF (Henderson Land Development Co) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

HLDVF Henderson Land Development Co Ltd HLDVF
75 GF Score
Price $3.23
GF Value $3.49
Valuation Fairly Valued
! 6 Warning Signs
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What is Henderson Land Development Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Henderson Land Development Co  (OTCPK:HLDVF) 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.


Henderson Land Development Co Cyclically Adjusted PS Ratio Related Terms


Henderson Land Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Henderson Land Development Co'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.

Henderson Land Development Co Cyclically Adjusted PS Ratio Chart

Henderson Land Development Co 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 6.10 5.04 4.16 4.20 5.17

Henderson Land Development Co Semi-Annual Data
Dec16 Jun17 Dec17 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 Premium Member Only Premium Member Only 3.71 4.14 4.93 5.11 4.35

Henderson Land Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Henderson Land Development 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.


Henderson Land Development Co Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Henderson Land Development Co's Cyclically Adjusted PS Ratio falls into.


HLDVF
75GF Score
Henderson Land Development Co Ltd HLDVF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Land Development 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.

Henderson Land Development Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Henderson Land Development Co'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)
=0.668/120.7036*120.7036
=0.668

Current CPI (Dec25) = 120.7036.

Henderson Land Development Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.696 103.225 0.814
201712 0.675 104.984 0.776
201812 0.588 107.622 0.659
201912 0.643 110.700 0.701
202012 0.677 109.711 0.745
202112 0.635 112.349 0.682
202212 0.671 114.548 0.707
202312 0.721 117.296 0.742
202412 0.668 118.945 0.678
202512 0.668 120.704 0.668

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.

Is Henderson Land Development Co (HLDVF) Overvalued in 2026?

Based on GuruFocus' analysis, Henderson Land Development Co stock appears to be undervalued. The current stock price of $3.23 is trading 7.4% below its estimated GF Value™ of $3.49. GuruFocus considers Henderson Land Development Co to be Fairly Valued.

Key valuation signals for HLDVF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $3.49 vs. price of $3.23 (7.4% below fair value)
  • GF Score™: 75/100 with 6 warning signs

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


Henderson Land Development Co Business Description

Address 8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Henderson Land directly controls four listed entities, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment.
75GF Score

Get the complete analysis for HLDVF

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

$3.23
Price
$3.49
GF Value