GDS Holdings (MEX:GDSN) Cyclically Adjusted PS Ratio: 4.91 (As of Aug. 17, 2026) — 25% Below Median

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MEX:GDSN GDS Holdings Ltd MEX:GDSN
66 GF Score
Price MXN596.00
GF Value MXN464.01
Valuation Modestly Overvalued
! 5 Warning Signs
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What is GDS Holdings Cyclically Adjusted PS Ratio?

GDS Holdings MEX:GDSN 66 Cyclically Adjusted PS Ratio is 4.91 as of Aug. 17, 2026, which is 25% below its 10-year median of 6.51. GuruFocus rates MEX:GDSN with a GF Score™ of 66/100 and a GF Value™ of MXN464.01 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,599 Software companies, GDS Holdings ranks worse than 80.43% on this metric.

As of today (2026-08-17), GDS Holdings's current share price is MXN596.00. GDS Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN121.42. GDS Holdings's Cyclically Adjusted PS Ratio for today is 4.91.

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

MEX:GDSN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.03   Med: 6.51   Max: 8.34
Current: 5.84

During the past years, GDS Holdings's highest Cyclically Adjusted PS Ratio was 8.34. The lowest was 4.03. And the median was 6.51.

MEX:GDSN's Cyclically Adjusted PS Ratio is ranked worse than
80.43% of 1599 companies
in the Software industry
Industry Median: 1.69 vs MEX:GDSN: 5.84

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.

GDS Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN30.647. 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 MXN121.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GDS Holdings  (MEX:GDSN) 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.


GDS Holdings Cyclically Adjusted PS Ratio Related Terms


GDS Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GDS 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.

GDS Holdings Cyclically Adjusted PS Ratio Chart

GDS 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 0.00 0.00 0.00 0.00 6.26

GDS Holdings 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 5.87 7.21 6.26 6.99 5.09

MEX:GDSN vs PSN, INGM, G: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, GDS 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.


GDS Holdings Cyclically Adjusted PS Ratio vs Software Industry

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

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


MEX:GDSN
66GF Score
GDS Holdings Ltd MEX:GDSN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GDS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=596.00/121.42
=4.91

* 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.

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

For example, GDS Holdings'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)
=30.647/116.0564*116.0564
=30.647

Current CPI (Jun. 2026) = 116.0564.

GDS Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.246 102.400 10.479
201612 13.749 102.600 15.552
201703 10.064 103.200 11.318
201706 9.391 103.100 10.571
201709 12.315 104.100 13.729
201712 14.087 104.500 15.645
201803 13.338 105.300 14.700
201806 15.619 104.900 17.280
201809 16.686 106.600 18.166
201812 18.921 106.500 20.619
201903 20.116 107.700 21.677
201906 19.674 107.700 21.200
201909 21.004 109.800 22.201
201912 22.201 111.200 23.171
202003 28.052 112.300 28.990
202006 29.390 110.400 30.896
202009 31.467 111.700 32.694
202012 28.708 111.500 29.881
202103 29.636 112.662 30.529
202106 31.869 111.769 33.091
202109 36.067 112.215 37.302
202112 38.608 113.108 39.615
202203 38.556 114.335 39.137
202206 37.961 114.558 38.458
202209 37.010 115.339 37.240
202212 35.778 115.116 36.070
202303 34.358 115.116 34.639
202306 32.267 114.558 32.689
202309 32.758 115.339 32.962
202312 30.823 114.781 31.166
202403 30.505 115.227 30.725
202406 35.451 114.781 35.845
202409 39.506 115.785 39.599
202412 41.545 114.893 41.966
202503 34.200 115.116 34.480
202506 40.539 114.907 40.944
202509 29.975 115.471 30.127
202512 37.276 115.832 37.348
202603 34.690 116.303 34.616
202606 30.647 116.056 30.647

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 4.91 mean?
GDS Holdings (MEX:GDSN) has a Cyclically Adjusted PS Ratio of 4.91 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 GDS Holdings and its competitors. This is 25% below median its historical median of 6.51. Over the past decade, GDS Holdings' Cyclically Adjusted PS Ratio has ranged from 4.03 to 8.34. According to the industry distribution chart, GDS Holdings ranks #1286 out of 1599 companies in the Software industry, placing it in the top 80.4%.
Is GDS Holdings' Cyclically Adjusted PS Ratio too high?
GDS Holdings' current Cyclically Adjusted PS Ratio of 4.91 is 25% below median its 10-year median of 6.51. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 8.34. The Software industry median Cyclically Adjusted PS Ratio is 1.69. GDS Holdings' value of 4.91 is 190.5% above this industry median. Based on the distribution chart, GDS Holdings ranks #1286 out of 1599 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, GDS Holdings has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GDS Holdings' Cyclically Adjusted PS Ratio compare to PSN and INGM?
According to the Software industry distribution chart, GDS Holdings ranks #1286 out of 1599 companies for Cyclically Adjusted PS Ratio. This places GDS Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.69. GDS Holdings' value of 4.91 is 190.5% above this benchmark. Historically, GDS Holdings' own Cyclically Adjusted PS Ratio has ranged from 4.03 to 8.34 over the past decade. While the company's 10-year median is 6.51 vs. the industry median of 1.69, GDS 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 a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.69, based on 1,599 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. GDS Holdings's current Cyclically Adjusted PS Ratio of 4.91 is 190.5% 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 GDS Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GDS Holdings's current Cyclically Adjusted PS Ratio is 4.91, which is 25% below median its own 10-year median of 6.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GDS Holdings (MEX:GDSN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN464.01, compared to a current price of MXN596.00 — trading 28.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.91, which is 25% below median its 10-year median of 6.51 and 190.5% above the Software industry median of 1.69. GDS Holdings' overall GF Score™ is 66/100 with 5 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 GDS Holdings (MEX:GDSN), the current Cyclically Adjusted PS Ratio is 4.91 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 GDS Holdings (MEX:GDSN) Overvalued in 2026?

Based on GuruFocus' analysis, GDS Holdings stock appears to be overvalued. The current stock price of MXN596.00 is trading 28.4% above its estimated GF Value™ of MXN464.01. GuruFocus considers GDS Holdings to be Modestly Overvalued.

Key valuation signals for MEX:GDSN:

  • Cyclically Adjusted PS Ratio: 4.91 (25% below median its 10-year median of 6.51)
  • GF Value™: MXN464.01 vs. price of MXN596.00 (28.4% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 190.5% above the Software median (#1286 of 1599)

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


GDS Holdings Business Description

Address No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137
GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
66GF Score

Get the complete analysis for MEX:GDSN

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

MXN596.00
Price
MXN464.01
GF Value