Xiaomi (MEX:1810N) Cyclically Adjusted PS Ratio: (As of Aug. 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.

MEX:1810N Xiaomi Corp MEX:1810N
85 GF Score
Price MXN63.80
GF Value MXN75.89
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Xiaomi Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Xiaomi  (MEX:1810N) 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.


Xiaomi Cyclically Adjusted PS Ratio Related Terms


Xiaomi Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Xiaomi'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.

Xiaomi Cyclically Adjusted PS Ratio Chart

Xiaomi 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 0.00 0.00 0.00 3.43 3.36

Xiaomi 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 0.00 0.00 3.36 0.00 0.00

MEX:1810N vs AAPL: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Xiaomi'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.


Xiaomi Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Xiaomi's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:1810N
85GF Score
Xiaomi Corp MEX:1810N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Xiaomi 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.

Xiaomi's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Xiaomi'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)
=10.581/116.0564*116.0564
=10.581

Current CPI (Jun. 2026) = 116.0564.

Xiaomi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 100.600 0.000
201612 0.000 102.600 0.000
201703 2.262 103.200 2.544
201706 3.190 103.100 3.591
201709 4.210 104.100 4.694
201712 4.674 104.500 5.191
201803 9.482 105.300 10.451
201806 13.173 104.900 14.574
201809 5.697 106.600 6.202
201812 5.130 106.500 5.590
201903 5.166 107.700 5.567
201906 5.863 107.700 6.318
201909 6.016 109.800 6.359
201912 6.332 111.200 6.609
202003 6.829 112.300 7.057
202006 7.099 110.400 7.463
202009 9.592 111.700 9.966
202012 8.574 111.500 8.924
202103 9.292 112.662 9.572
202106 10.526 111.769 10.930
202109 9.414 112.215 9.736
202112 10.838 113.108 11.121
202203 7.835 114.335 7.953
202206 8.375 114.558 8.485
202209 8.209 115.339 8.260
202212 5.520 115.116 5.565
202303 6.291 115.116 6.342
202306 6.590 114.558 6.676
202309 6.692 115.339 6.734
202312 6.875 114.781 6.951
202403 6.829 115.227 6.878
202406 8.820 114.781 8.918
202409 10.130 115.785 10.154
202412 12.245 114.893 12.369
202503 12.076 115.116 12.175
202506 11.350 114.907 11.464
202509 10.850 115.471 10.905
202512 11.196 115.832 11.218
202603 9.807 116.303 9.786
202606 10.581 116.056 10.581

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 Xiaomi (MEX:1810N) Overvalued in 2026?

Based on GuruFocus' analysis, Xiaomi stock appears to be undervalued. The current stock price of MXN63.80 is trading 15.9% below its estimated GF Value™ of MXN75.89. GuruFocus considers Xiaomi to be Modestly Undervalued.

Key valuation signals for MEX:1810N:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN75.89 vs. price of MXN63.80 (15.9% below fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the MEX:1810N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Xiaomi Business Description

Address Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN
Xiaomi is a technology company providing products and services, founded in early 2010, focusing mainly on smartphones, Internet of Things products, and related internet services. An early adopter of online smartphone sales, Xiaomi uses a customized Android operating system called HyperOS and has recently designed its own system-on-chip. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India, and is gaining market share in Europe. In 2025, from a country perspective, around 67% of its overall revenue was generated in mainland China, but this should reduce when it sells EVs overseas. The company was listed on the Hong Kong market at the beginning of July 2018.
85GF Score

Get the complete analysis for MEX:1810N

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

MXN63.80
Price
MXN75.89
GF Value