Baozun (MEX:BZUNN) Cyclically Adjusted PS Ratio: 0.12 (As of Aug. 17, 2026) — 25% Below Median

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:BZUNN Baozun Inc MEX:BZUNN
74 GF Score
Price MXN48.00
GF Value MXN56.96
! 2 Warning Signs
View Full Analysis

What is Baozun Cyclically Adjusted PS Ratio?

Baozun MEX:BZUNN 74 Cyclically Adjusted PS Ratio is 0.12 as of Aug. 17, 2026, which is 25% below its 10-year median of 0.16. GuruFocus rates MEX:BZUNN with a GF Score™ of 74/100 and a GF Value™ of MXN56.96. The stock has 2 warning signs investors should review. Among 803 Retail - Cyclical companies, Baozun ranks better than 84.18% on this metric.

As of today (2026-08-17), Baozun's current share price is MXN48.00. Baozun's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN394.04. Baozun's Cyclically Adjusted PS Ratio for today is 0.12.

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

MEX:BZUNN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.16   Max: 0.34
Current: 0.14

During the past years, Baozun's highest Cyclically Adjusted PS Ratio was 0.34. The lowest was 0.11. And the median was 0.16.

MEX:BZUNN's Cyclically Adjusted PS Ratio is ranked better than
84.18% of 803 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs MEX:BZUNN: 0.14

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.

Baozun's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN107.216. 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 MXN394.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baozun  (MEX:BZUNN) 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.


Baozun Cyclically Adjusted PS Ratio Related Terms


Baozun Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Baozun'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.

Baozun Cyclically Adjusted PS Ratio Chart

Baozun 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 0.18 0.16 0.14

Baozun Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.15 0.14 0.22 0.14 0.12

MEX:BZUNN vs ZHJD, HOUR, LITB: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Baozun'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.


Baozun Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baozun's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:BZUNN
74GF Score
Baozun Inc MEX:BZUNN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baozun 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.

Baozun's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.00/394.04
=0.12

* 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.

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

For example, Baozun's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=107.216/121.4731*121.4731
=107.216

Current CPI (Mar. 2026) = 121.4731.

Baozun Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 37.043 101.686 44.251
201609 39.975 102.565 47.344
201612 65.274 103.225 76.813
201703 37.733 103.335 44.356
201706 40.200 103.664 47.106
201709 41.577 103.994 48.565
201712 79.403 104.984 91.875
201803 44.885 105.973 51.450
201806 59.086 106.193 67.588
201809 50.835 106.852 57.791
201812 103.240 107.622 116.527
201903 62.582 108.172 70.278
201906 79.616 109.601 88.240
201909 69.873 110.260 76.979
201912 125.298 110.700 137.492
202003 85.402 110.920 93.527
202006 117.003 110.590 128.517
202009 98.391 107.512 111.168
202012 136.273 109.711 150.883
202103 84.677 111.579 92.185
202106 95.178 111.360 103.822
202109 82.711 109.051 92.133
202112 151.233 112.349 163.515
202203 95.236 113.558 101.874
202206 103.543 113.448 110.867
202209 84.974 113.778 90.721
202212 121.626 114.548 128.980
202303 83.796 115.427 88.185
202306 93.628 115.647 98.345
202309 73.051 116.087 76.441
202312 109.747 117.296 113.656
202403 75.357 117.735 77.749
202406 99.581 117.296 103.128
202409 96.319 118.615 98.640
202412 145.468 118.945 148.560
202503 100.821 119.384 102.585
202506 115.865 119.055 118.219
202509 96.047 119.934 97.280
202512 139.972 120.704 140.864
202603 107.216 121.473 107.216

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 0.12 mean?
Baozun (MEX:BZUNN) has a Cyclically Adjusted PS Ratio of 0.12 as of Aug. 17, 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 Baozun and its competitors. This is 25% below median its historical median of 0.16. Over the past decade, Baozun's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.34. According to the industry distribution chart, Baozun ranks #127 out of 803 companies in the Retail - Cyclical industry, placing it in the top 15.8%.
Is Baozun's Cyclically Adjusted PS Ratio too high?
Baozun's current Cyclically Adjusted PS Ratio of 0.12 is 25% below median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.34. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Baozun's value of 0.12 is 76% below this industry median. Based on the distribution chart, Baozun ranks #127 out of 803 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Baozun has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Baozun's Cyclically Adjusted PS Ratio compare to ZHJD and HOUR?
According to the Retail - Cyclical industry distribution chart, Baozun ranks #127 out of 803 companies for Cyclically Adjusted PS Ratio. This places Baozun in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.50. Baozun's value of 0.12 is 76% below this benchmark. Historically, Baozun's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.34 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.50, Baozun 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 803 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. Baozun's current Cyclically Adjusted PS Ratio of 0.12 is 76% 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 Baozun and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baozun's current Cyclically Adjusted PS Ratio is 0.12, which is 25% below median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baozun stock overvalued right now?
Baozun (MEX:BZUNN) has a current Cyclically Adjusted PS Ratio of 0.12. The stock's GF Value™ is MXN56.96, compared to a current price of MXN48.00 — trading 15.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.12, which is 25% below median its 10-year median of 0.16 and 76% below the Retail - Cyclical industry median of 0.50. Baozun's overall GF Score™ is 74/100 with 2 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 Baozun (MEX:BZUNN), the current Cyclically Adjusted PS Ratio is 0.12 as of Aug. 17, 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 Baozun (MEX:BZUNN) Overvalued in 2026?

Based on GuruFocus' analysis, Baozun stock appears to be undervalued. The current stock price of MXN48.00 is trading 15.7% below its estimated GF Value™ of MXN56.96.

Key valuation signals for MEX:BZUNN:

  • Cyclically Adjusted PS Ratio: 0.12 (25% below median its 10-year median of 0.16)
  • GF Value™: MXN56.96 vs. price of MXN48.00 (15.7% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 76% below the Retail - Cyclical median (#127 of 803)

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


Baozun Business Description

Address 33 Hysan Avenue, Room 1928, 19th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG
Baozun Inc is engaged to provide its customers with end-to-end e-commerce solutions including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment, as well as the holistic brand management, including tactic positioning, branding and marketing, retail and e-commerce operations, supply chain and logistics, and technology empowerment. It has two operating segments: E-Commerce (encompassing BEC and BZI) and Brand Management (representing BBM). The company generates maximum of its revenue from E-Commerce (encompassing BEC and BZI) segment.
74GF Score

Get the complete analysis for MEX:BZUNN

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

MXN48.00
Price
MXN56.96
GF Value