OVCHY (Oversea-Chinese Banking) Cyclically Adjusted PS Ratio: 9.36 (As of Jul. 15, 2026) — 85% Above Median

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OVCHY Oversea-Chinese Banking Corp Ltd OVCHY
65 GF Score
Price $44.48
GF Value $25.69
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Oversea-Chinese Banking Cyclically Adjusted PS Ratio?

Oversea-Chinese Banking OVCHY +2.65% 65 Cyclically Adjusted PS Ratio is 9.36 as of Jul. 15, 2026, which is 85% above its 10-year median of 5.06. GuruFocus rates OVCHY with a GF Scoreâ„¢ of 65/100 and a GF Valueâ„¢ of $25.69 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,302 Banks companies, Oversea-Chinese Banking ranks worse than 95.62% on this metric.

As of today (2026-07-15), Oversea-Chinese Banking's current share price is $44.48. Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $4.75. Oversea-Chinese Banking's Cyclically Adjusted PS Ratio for today is 9.36.

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

OVCHY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.69   Med: 5.06   Max: 9.14
Current: 9.13

During the past years, Oversea-Chinese Banking's highest Cyclically Adjusted PS Ratio was 9.14. The lowest was 3.69. And the median was 5.06.

OVCHY's Cyclically Adjusted PS Ratio is ranked worse than
95.62% of 1302 companies
in the Banks industry
Industry Median: 3.34 vs OVCHY: 9.13

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.

Oversea-Chinese Banking's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.333. 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 $4.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oversea-Chinese Banking  (OTCPK:OVCHY) 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.


Oversea-Chinese Banking Cyclically Adjusted PS Ratio Related Terms


Oversea-Chinese Banking Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Oversea-Chinese Banking'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.

Oversea-Chinese Banking Cyclically Adjusted PS Ratio Chart

Oversea-Chinese Banking 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 4.58 4.66 4.71 5.82 6.63

Oversea-Chinese Banking 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 5.94 5.54 5.52 6.63 7.19

OVCHY vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Oversea-Chinese Banking's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted PS Ratio falls into.


OVCHY
65GF Score
Oversea-Chinese Banking Corp Ltd OVCHY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Oversea-Chinese Banking 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.

Oversea-Chinese Banking's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.48/4.75
=9.36

* 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.

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

For example, Oversea-Chinese Banking'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)
=1.333/330.2130*330.2130
=1.333

Current CPI (Mar. 2026) = 330.2130.

Oversea-Chinese Banking Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.722 241.018 0.989
201609 0.749 241.428 1.024
201612 0.681 241.432 0.931
201703 0.704 243.801 0.954
201706 0.789 244.955 1.064
201709 0.840 246.819 1.124
201712 0.906 246.524 1.214
201803 0.831 249.554 1.100
201806 0.869 251.989 1.139
201809 0.877 252.439 1.147
201812 0.801 251.233 1.053
201903 0.933 254.202 1.212
201906 0.891 256.143 1.149
201909 0.892 256.759 1.147
201912 0.979 256.974 1.258
202003 0.799 258.115 1.022
202006 0.855 257.797 1.095
202009 0.831 260.280 1.054
202012 0.834 260.474 1.057
202103 0.971 264.877 1.211
202106 0.844 271.696 1.026
202109 0.844 274.310 1.016
202112 0.798 278.802 0.945
202203 0.866 287.504 0.995
202206 0.814 296.311 0.907
202209 0.954 296.808 1.061
202212 0.965 296.797 1.074
202303 1.112 301.836 1.217
202306 1.136 305.109 1.229
202309 1.119 307.789 1.201
202312 1.070 306.746 1.152
202403 1.203 312.332 1.272
202406 1.189 314.175 1.250
202409 1.304 315.301 1.366
202412 1.118 315.605 1.170
202503 1.218 319.799 1.258
202506 1.224 322.561 1.253
202509 1.316 324.800 1.338
202512 1.226 324.054 1.249
202603 1.333 330.213 1.333

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 9.36 mean?
Oversea-Chinese Banking (OVCHY) has a Cyclically Adjusted PS Ratio of 9.36 as of Jul. 15, 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 Oversea-Chinese Banking and its competitors. This is 85% above median its historical median of 5.06. Over the past decade, Oversea-Chinese Banking's Cyclically Adjusted PS Ratio has ranged from 3.69 to 9.14. According to the industry distribution chart, Oversea-Chinese Banking ranks #1245 out of 1302 companies in the Banks industry, placing it in the top 95.6%.
Is Oversea-Chinese Banking's Cyclically Adjusted PS Ratio too high?
Oversea-Chinese Banking's current Cyclically Adjusted PS Ratio of 9.36 is 85% above median its 10-year median of 5.06. Over the past 10 years, this metric has ranged from a low of 3.69 to a high of 9.14. The Banks industry median Cyclically Adjusted PS Ratio is 3.34. Oversea-Chinese Banking's value of 9.36 is 180.2% above this industry median. Based on the distribution chart, Oversea-Chinese Banking ranks #1245 out of 1302 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Oversea-Chinese Banking has a GF Scoreâ„¢ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oversea-Chinese Banking's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Oversea-Chinese Banking ranks #1245 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Oversea-Chinese Banking in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.34. Oversea-Chinese Banking's value of 9.36 is 180.2% above this benchmark. Historically, Oversea-Chinese Banking's own Cyclically Adjusted PS Ratio has ranged from 3.69 to 9.14 over the past decade. While the company's 10-year median is 5.06 vs. the industry median of 3.34, Oversea-Chinese Banking 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.34, based on 1,302 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. Oversea-Chinese Banking's current Cyclically Adjusted PS Ratio of 9.36 is 180.2% 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 Oversea-Chinese Banking and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oversea-Chinese Banking's current Cyclically Adjusted PS Ratio is 9.36, which is 85% above median its own 10-year median of 5.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oversea-Chinese Banking stock overvalued right now?
Based on GuruFocus' analysis, Oversea-Chinese Banking (OVCHY) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.69, compared to a current price of $44.48 — trading 73.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.36, which is 85% above median its 10-year median of 5.06 and 180.2% above the Banks industry median of 3.34. Oversea-Chinese Banking's overall GF Score™ is 65/100 with 7 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 Oversea-Chinese Banking (OVCHY), the current Cyclically Adjusted PS Ratio is 9.36 as of Jul. 15, 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 Oversea-Chinese Banking (OVCHY) Overvalued in 2026?

Based on GuruFocus' analysis, Oversea-Chinese Banking stock appears to be overvalued. The current stock price of $44.48 is trading 73.1% above its estimated GF Value™ of $25.69. GuruFocus considers Oversea-Chinese Banking to be Significantly Overvalued.

Key valuation signals for OVCHY:

  • Cyclically Adjusted PS Ratio: 9.36 (85% above median its 10-year median of 5.06)
  • GF Value™: $25.69 vs. price of $44.48 (73.1% above fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 180.2% above the Banks median (#1245 of 1302)

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


Oversea-Chinese Banking Business Description

Address 63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking Corp. is the longest-established Singapore bank, founded by the merger of three local banks in 1932. OCBC's operations include consumer banking, wealth management, and private banking (in part through its Bank of Singapore subsidiary), small- to medium-sized enterprise and business banking, corporate and institutional banking, and insurance through majority-owned Great Eastern Holdings.
65GF Score

Get the complete analysis for OVCHY

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

$44.48
Price
$25.69
GF Value