Fidelity China Special Situations (LSE:FCSS) Cyclically Adjusted PS Ratio: 10.26 (As of Jul. 12, 2026) — Near Median


LSE:FCSS Fidelity China Special Situations PLC LSE:FCSS
41 GF Score
Price £2.57
! 1 Warning Sign
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What is Fidelity China Special Situations Cyclically Adjusted PS Ratio?

Fidelity China Special Situations LSE:FCSS -0.58% 41 Cyclically Adjusted PS Ratio is 10.26 as of Jul. 12, 2026, which is 2% below its 10-year median of 10.51. GuruFocus rates LSE:FCSS with a GF Score™ of 41/100. The stock has 1 warning sign investors should review. Among 904 Asset Management companies, Fidelity China Special Situations ranks worse than 63.27% on this metric.

As of today (2026-07-12), Fidelity China Special Situations's current share price is £2.565. Fidelity China Special Situations's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was £0.25. Fidelity China Special Situations's Cyclically Adjusted PS Ratio for today is 10.26.

The historical rank and industry rank for Fidelity China Special Situations's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:FCSS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.01   Med: 10.51   Max: 28.88
Current: 10.46

During the past 13 years, Fidelity China Special Situations's highest Cyclically Adjusted PS Ratio was 28.88. The lowest was 7.01. And the median was 10.51.

LSE:FCSS's Cyclically Adjusted PS Ratio is ranked worse than
63.27% of 904 companies
in the Asset Management industry
Industry Median: 7.635 vs LSE:FCSS: 10.46

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.

Fidelity China Special Situations's adjusted revenue per share data of for the fiscal year that ended in Mar26 was £0.303. 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 Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fidelity China Special Situations  (LSE:FCSS) 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.


Fidelity China Special Situations Cyclically Adjusted PS Ratio Related Terms


Fidelity China Special Situations Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Cyclically Adjusted PS Ratio Chart

Fidelity China Special Situations Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.94 9.39 9.77 12.74 11.41

Fidelity China Special Situations Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 9.77 0.00 12.74 0.00 11.41

LSE:FCSS vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Fidelity China Special Situations'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.


Fidelity China Special Situations Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidelity China Special Situations's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fidelity China Special Situations's Cyclically Adjusted PS Ratio falls into.


LSE:FCSS
41GF Score
Fidelity China Special Situations PLC LSE:FCSS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fidelity China Special Situations 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.

Fidelity China Special Situations's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.565/0.25
=10.26

* 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.

Fidelity China Special Situations's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Fidelity China Special Situations's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=0.303/140.8000*140.8000
=0.303

Current CPI (Mar26) = 140.8000.

Fidelity China Special Situations Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 0.636 102.700 0.872
201803 0.504 105.100 0.675
201903 -0.134 107.000 -0.176
202003 -0.146 108.600 -0.189
202103 1.914 109.700 2.457
202203 -1.456 116.500 -1.760
202303 0.051 126.800 0.057
202403 -0.440 131.600 -0.471
202503 0.663 136.100 0.686
202603 0.303 140.800 0.303

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 10.26 mean?
Fidelity China Special Situations (LSE:FCSS) has a Cyclically Adjusted PS Ratio of 10.26 as of Jul. 12, 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 Fidelity China Special Situations and its competitors. This is near median its historical median of 10.51. Over the past decade, Fidelity China Special Situations' Cyclically Adjusted PS Ratio has ranged from 7.01 to 28.88. According to the industry distribution chart, Fidelity China Special Situations ranks #572 out of 904 companies in the Asset Management industry, placing it in the top 63.3%.
Is Fidelity China Special Situations' Cyclically Adjusted PS Ratio too high?
Fidelity China Special Situations' current Cyclically Adjusted PS Ratio of 10.26 is near median its 10-year median of 10.51. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 28.88. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.64. Fidelity China Special Situations' value of 10.26 is 34.4% above this industry median. Based on the distribution chart, Fidelity China Special Situations ranks #572 out of 904 companies in the Asset Management industry, which is below the industry midpoint. Overall, Fidelity China Special Situations has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Fidelity China Special Situations' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity China Special Situations ranks #572 out of 904 companies for Cyclically Adjusted PS Ratio. This places Fidelity China Special Situations in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.64. Fidelity China Special Situations' value of 10.26 is 34.4% above this benchmark. Historically, Fidelity China Special Situations' own Cyclically Adjusted PS Ratio has ranged from 7.01 to 28.88 over the past decade. While the company's 10-year median is 10.51 vs. the industry median of 7.64, Fidelity China Special Situations 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.64, based on 904 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. Fidelity China Special Situations's current Cyclically Adjusted PS Ratio of 10.26 is 34.4% 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 Fidelity China Special Situations and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity China Special Situations's current Cyclically Adjusted PS Ratio is 10.26, which is near median its own 10-year median of 10.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity China Special Situations stock overvalued right now?
Fidelity China Special Situations (LSE:FCSS) has a current Cyclically Adjusted PS Ratio of 10.26. The current Cyclically Adjusted PS Ratio is 10.26, which is near median its 10-year median of 10.51 and 34.4% above the Asset Management industry median of 7.64. Fidelity China Special Situations' overall GF Score™ is 41/100 with 1 warning sign 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 Fidelity China Special Situations (LSE:FCSS), the current Cyclically Adjusted PS Ratio is 10.26 as of Jul. 12, 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.

Fidelity China Special Situations Business Description

Address Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC offers investors building a diversified portfolio direct exposure to China. The Company's investment objective is to achieve long-term capital growth through an actively managed portfolio mainly comprising securities issued by companies in China, both listed and unlisted, as well as Chinese companies listed elsewhere. The Company may also invest in companies with interests in China. Its portfolio may consist of equities, index-linked securities, equity-linked notes, other debt securities, cash deposits, money market instruments, foreign currency exchange transactions and other interests, including derivatives such as futures, options and contracts for difference.
41GF Score

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

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