IDCBY (Industrial And Commercial Bank Of China) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

IDCBY Industrial And Commercial Bank Of China Ltd IDCBY
56 GF Score
Price $19.09
GF Value $17.05
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrial And Commercial Bank Of China  (OTCPK:IDCBY) 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.


Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Related Terms


Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Chart

Industrial And Commercial Bank Of China 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 1.65 1.44 1.38 1.91 2.33

Industrial And Commercial Bank Of China Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 2.32 2.16 2.37 2.59 2.40

IDCBY vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.


Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio falls into.


IDCBY
56GF Score
Industrial And Commercial Bank Of China Ltd IDCBY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Industrial And Commercial Bank Of China's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.885/116.0564*116.0564
=1.885

Current CPI (Jun. 2026) = 116.0564.

Industrial And Commercial Bank Of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.347 102.400 1.527
201612 1.342 102.600 1.518
201703 1.404 103.200 1.579
201706 1.416 103.100 1.594
201709 1.464 104.100 1.632
201712 1.509 104.500 1.676
201803 1.652 105.300 1.821
201806 1.633 104.900 1.807
201809 1.508 106.600 1.642
201812 1.542 106.500 1.680
201903 1.713 107.700 1.846
201906 1.609 107.700 1.734
201909 1.558 109.800 1.647
201912 1.564 111.200 1.632
202003 1.680 112.300 1.736
202006 1.583 110.400 1.664
202009 1.640 111.700 1.704
202012 1.728 111.500 1.799
202103 1.887 112.662 1.944
202106 1.875 111.769 1.947
202109 1.920 112.215 1.986
202112 1.945 113.108 1.996
202203 2.037 114.335 2.068
202206 1.882 114.558 1.907
202209 1.739 115.339 1.750
202212 1.554 115.116 1.567
202303 1.834 115.116 1.849
202306 1.746 114.558 1.769
202309 1.563 115.339 1.573
202312 1.456 114.781 1.472
202403 1.703 115.227 1.715
202406 1.523 114.781 1.540
202409 1.573 115.785 1.577
202412 1.492 114.893 1.507
202503 1.606 115.116 1.619
202506 1.613 114.907 1.629
202509 1.610 115.471 1.618
202512 1.556 115.832 1.559
202603 1.829 116.303 1.825
202606 1.885 116.056 1.885

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 Industrial And Commercial Bank Of China (IDCBY) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued. The current stock price of $19.09 is trading 12% above its estimated GF Value™ of $17.05. GuruFocus considers Industrial And Commercial Bank Of China to be Modestly Overvalued.

Key valuation signals for IDCBY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $17.05 vs. price of $19.09 (12% above fair value)
  • GF Score™: 56/100 with 8 warning signs

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


Industrial And Commercial Bank Of China Business Description

Address No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100140
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
56GF Score

Get the complete analysis for IDCBY

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

$19.09
Price
$17.05
GF Value