Jardine Matheson Holdings (LSE:JAR) Cyclically Adjusted PS Ratio: 0.52 (As of Jul. 30, 2026) — Near Median

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LSE:JAR Jardine Matheson Holdings Ltd LSE:JAR
63 GF Score
Price $62.50
GF Value $37.28
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Jardine Matheson Holdings Cyclically Adjusted PS Ratio?

Jardine Matheson Holdings LSE:JAR 63 Cyclically Adjusted PS Ratio is 0.52 as of Jul. 30, 2026, which is 4% above its 10-year median of 0.50. GuruFocus rates LSE:JAR with a GF Score™ of 63/100 and a GF Value™ of $37.28 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 471 Conglomerates companies, Jardine Matheson Holdings ranks better than 62.85% on this metric.

As of today (2026-07-30), Jardine Matheson Holdings's current share price is $62.50. Jardine Matheson Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $119.79. Jardine Matheson Holdings's Cyclically Adjusted PS Ratio for today is 0.52.

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

LSE:JAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.5   Max: 0.71
Current: 0.52

During the past 13 years, Jardine Matheson Holdings's highest Cyclically Adjusted PS Ratio was 0.71. The lowest was 0.27. And the median was 0.50.

LSE:JAR's Cyclically Adjusted PS Ratio is ranked better than
62.85% of 471 companies
in the Conglomerates industry
Industry Median: 0.78 vs LSE:JAR: 0.52

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.

Jardine Matheson Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $116.384. 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 $119.79 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jardine Matheson Holdings  (LSE:JAR) 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.


Jardine Matheson Holdings Cyclically Adjusted PS Ratio Related Terms


Jardine Matheson Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jardine Matheson 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.

Jardine Matheson Holdings Cyclically Adjusted PS Ratio Chart

Jardine Matheson 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 0.46 0.41 0.32 0.32 0.52

Jardine Matheson 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 0.32 0.00 0.32 0.00 0.52

LSE:JAR vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Jardine Matheson 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.


Jardine Matheson Holdings Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LSE:JAR
63GF Score
Jardine Matheson Holdings Ltd LSE:JAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jardine Matheson 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.

Jardine Matheson Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=62.50/119.79
=0.52

* 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.

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

For example, Jardine Matheson 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)
=116.384/324.0540*324.0540
=116.384

Current CPI (Dec25) = 324.0540.

Jardine Matheson Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 98.803 241.432 132.615
201712 102.780 246.524 135.104
201812 113.104 251.233 145.888
201912 109.125 256.974 137.611
202012 88.715 260.474 110.370
202112 114.575 278.802 133.172
202212 129.744 296.797 141.659
202312 124.307 306.746 131.321
202412 123.376 315.605 126.679
202512 116.384 324.054 116.384

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 0.52 mean?
Jardine Matheson Holdings (LSE:JAR) has a Cyclically Adjusted PS Ratio of 0.52 as of Jul. 30, 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 Jardine Matheson Holdings and its competitors. This is near median its historical median of 0.50. Over the past decade, Jardine Matheson Holdings' Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.71. According to the industry distribution chart, Jardine Matheson Holdings ranks #175 out of 471 companies in the Conglomerates industry, placing it in the top 37.2%.
Is Jardine Matheson Holdings' Cyclically Adjusted PS Ratio too high?
Jardine Matheson Holdings' current Cyclically Adjusted PS Ratio of 0.52 is near median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.71. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.78. Jardine Matheson Holdings' value of 0.52 is 33.3% below this industry median. Based on the distribution chart, Jardine Matheson Holdings ranks #175 out of 471 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Jardine Matheson Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jardine Matheson Holdings' Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Jardine Matheson Holdings ranks #175 out of 471 companies for Cyclically Adjusted PS Ratio. This puts Jardine Matheson Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. Jardine Matheson Holdings' value of 0.52 is 33.3% below this benchmark. Historically, Jardine Matheson Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.71 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.78, Jardine Matheson Holdings has consistently been below 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.78, based on 471 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. Jardine Matheson Holdings's current Cyclically Adjusted PS Ratio of 0.52 is 33.3% below 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 Jardine Matheson Holdings and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jardine Matheson Holdings's current Cyclically Adjusted PS Ratio is 0.52, which is near median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jardine Matheson Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jardine Matheson Holdings (LSE:JAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.28, compared to a current price of $62.50 — trading 67.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.52, which is near median its 10-year median of 0.50 and 33.3% below the Conglomerates industry median of 0.78. Jardine Matheson Holdings' overall GF Score™ is 63/100 with 3 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 Jardine Matheson Holdings (LSE:JAR), the current Cyclically Adjusted PS Ratio is 0.52 as of Jul. 30, 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 Jardine Matheson Holdings (LSE:JAR) Overvalued in 2026?

Based on GuruFocus' analysis, Jardine Matheson Holdings stock appears to be overvalued. The current stock price of $62.50 is trading 67.7% above its estimated GF Value™ of $37.28. GuruFocus considers Jardine Matheson Holdings to be Significantly Overvalued.

Key valuation signals for LSE:JAR:

  • Cyclically Adjusted PS Ratio: 0.52 (near median its 10-year median of 0.50)
  • GF Value™: $37.28 vs. price of $62.50 (67.7% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 33.3% below the Conglomerates median (#175 of 471)

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


Jardine Matheson Holdings Business Description

Address 33-35 Reid Street, 4th Floor, Jardine House, P.O. Box HM 1068, Hamilton, BMU, HM 12
Jardine Matheson Holdings Ltd is a conglomerate of businesses operating in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, key businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.
63GF Score

Get the complete analysis for LSE:JAR

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

$62.50
Price
$37.28
GF Value