CK Infrastructure Holdings (LSE:CKI) Cyclically Adjusted PS Ratio: 23.80 (As of Jul. 27, 2026) — 19% Above Median

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LSE:CKI CK Infrastructure Holdings Ltd LSE:CKI
42 GF Score
Price £5.95
GF Value £4.10
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is CK Infrastructure Holdings Cyclically Adjusted PS Ratio?

CK Infrastructure Holdings LSE:CKI -1.33% 42 Cyclically Adjusted PS Ratio is 23.80 as of Jul. 27, 2026, which is 19% above its 10-year median of 20.04. GuruFocus rates LSE:CKI with a GF Score™ of 42/100 and a GF Value™ of £4.10 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 442 Utilities - Regulated companies, CK Infrastructure Holdings ranks worse than 99.32% on this metric.

As of today (2026-07-27), CK Infrastructure Holdings's current share price is £5.95. CK Infrastructure Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was £0.25. CK Infrastructure Holdings's Cyclically Adjusted PS Ratio for today is 23.80.

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

LSE:CKI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.33   Med: 20.04   Max: 41.51
Current: 23.67

During the past 13 years, CK Infrastructure Holdings's highest Cyclically Adjusted PS Ratio was 41.51. The lowest was 13.33. And the median was 20.04.

LSE:CKI's Cyclically Adjusted PS Ratio is ranked worse than
99.32% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.46 vs LSE:CKI: 23.67

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.

CK Infrastructure Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was £0.168. 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 £0.25 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Infrastructure Holdings  (LSE:CKI) 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.


CK Infrastructure Holdings Cyclically Adjusted PS Ratio Related Terms


CK Infrastructure Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CK Infrastructure 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.

CK Infrastructure Holdings Cyclically Adjusted PS Ratio Chart

CK Infrastructure 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 19.11 15.15 15.74 21.47 21.83

CK Infrastructure Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 15.74 0.00 21.47 0.00 21.83

LSE:CKI vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, CK Infrastructure 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.


CK Infrastructure Holdings Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CK Infrastructure Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LSE:CKI
42GF Score
CK Infrastructure Holdings Ltd LSE:CKI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CK Infrastructure 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.

CK Infrastructure Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.95/0.25
=23.80

* 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.

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

For example, CK Infrastructure 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)
=0.168/120.7036*120.7036
=0.168

Current CPI (Dec25) = 120.7036.

CK Infrastructure Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.218 103.225 0.255
201712 0.228 104.984 0.262
201812 0.287 107.622 0.322
201912 0.261 110.700 0.285
202012 0.274 109.711 0.301
202112 0.270 112.349 0.290
202212 0.277 114.548 0.292
202312 0.240 117.296 0.247
202412 0.202 118.945 0.205
202512 0.168 120.704 0.168

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 23.80 mean?
CK Infrastructure Holdings (LSE:CKI) has a Cyclically Adjusted PS Ratio of 23.80 as of Jul. 27, 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 CK Infrastructure Holdings and its competitors. This is 19% above median its historical median of 20.04. Over the past decade, CK Infrastructure Holdings' Cyclically Adjusted PS Ratio has ranged from 13.33 to 41.51. According to the industry distribution chart, CK Infrastructure Holdings ranks #439 out of 442 companies in the Utilities - Regulated industry, placing it in the top 99.3%.
Is CK Infrastructure Holdings' Cyclically Adjusted PS Ratio too high?
CK Infrastructure Holdings' current Cyclically Adjusted PS Ratio of 23.80 is 19% above median its 10-year median of 20.04. Over the past 10 years, this metric has ranged from a low of 13.33 to a high of 41.51. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.46. CK Infrastructure Holdings' value of 23.80 is 1530.1% above this industry median. Based on the distribution chart, CK Infrastructure Holdings ranks #439 out of 442 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CK Infrastructure Holdings has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CK Infrastructure Holdings' Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CK Infrastructure Holdings ranks #439 out of 442 companies for Cyclically Adjusted PS Ratio. This places CK Infrastructure Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.46. CK Infrastructure Holdings' value of 23.80 is 1530.1% above this benchmark. Historically, CK Infrastructure Holdings' own Cyclically Adjusted PS Ratio has ranged from 13.33 to 41.51 over the past decade. While the company's 10-year median is 20.04 vs. the industry median of 1.46, CK Infrastructure Holdings 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.46, based on 442 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. CK Infrastructure Holdings's current Cyclically Adjusted PS Ratio of 23.80 is 1530.1% 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 CK Infrastructure Holdings and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CK Infrastructure Holdings's current Cyclically Adjusted PS Ratio is 23.80, which is 19% above median its own 10-year median of 20.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CK Infrastructure Holdings stock overvalued right now?
Based on GuruFocus' analysis, CK Infrastructure Holdings (LSE:CKI) is currently considered Significantly Overvalued. The stock's GF Value™ is £4.10, compared to a current price of £5.95 — trading 45.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 23.80, which is 19% above median its 10-year median of 20.04 and 1530.1% above the Utilities - Regulated industry median of 1.46. CK Infrastructure Holdings' overall GF Score™ is 42/100 with 11 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 CK Infrastructure Holdings (LSE:CKI), the current Cyclically Adjusted PS Ratio is 23.80 as of Jul. 27, 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 CK Infrastructure Holdings (LSE:CKI) Overvalued in 2026?

Based on GuruFocus' analysis, CK Infrastructure Holdings stock appears to be overvalued. The current stock price of £5.95 is trading 45.1% above its estimated GF Value™ of £4.10. GuruFocus considers CK Infrastructure Holdings to be Significantly Overvalued.

Key valuation signals for LSE:CKI:

  • Cyclically Adjusted PS Ratio: 23.80 (19% above median its 10-year median of 20.04)
  • GF Value™: £4.10 vs. price of £5.95 (45.1% above fair value)
  • GF Score™: 42/100 with 11 warning signs
  • Industry Position: 1530.1% above the Utilities - Regulated median (#439 of 442)

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


CK Infrastructure Holdings Business Description

Address 2 Queen\'s Road Central, 12th Floor, Cheung Kong Center, Hong Kong, HKG
CK Infrastructure Holdings, or CKI, is a Hong Kong-headquartered global infrastructure investment company. It is part of the CK Hutchison group of companies, holding the bulk of the group's infrastructure investments. Its portfolio primarily comprises regulated utilities and, to a lesser extent, contracted infrastructure businesses across the UK, Australia, Hong Kong, Europe, Canada, and New Zealand. The UK and Australia combined made up more than 70% of CKI's net profit in 2024. The company also owns infrastructure materials businesses in Hong Kong and mainland China, producing cement, concrete, asphalt, and aggregates. In 2024, CKI added a listing on the London Stock Exchange to its main Hong Kong listing.
42GF Score

Get the complete analysis for LSE:CKI

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

£5.95
Price
£4.10
GF Value