Shang Properties (PHS:SHNG) Cyclically Adjusted PS Ratio: 1.23 (As of Jul. 07, 2026) — 20% Below Median


PHS:SHNG Shang Properties Inc PHS:SHNG
81 GF Score
Price ₱3.15
GF Value ₱4.39
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shang Properties Cyclically Adjusted PS Ratio?

Shang Properties PHS:SHNG -1.87% 81 Cyclically Adjusted PS Ratio is 1.23 as of Jul. 07, 2026, which is 20% below its 10-year median of 1.53. GuruFocus rates PHS:SHNG with a GF Score™ of 81/100 and a GF Value™ of ₱4.39 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,359 Real Estate companies, Shang Properties ranks better than 60.56% on this metric.

As of today (2026-07-07), Shang Properties's current share price is ₱3.15. Shang Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₱2.56. Shang Properties's Cyclically Adjusted PS Ratio for today is 1.23.

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

PHS:SHNG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.53   Max: 2.05
Current: 1.25

During the past years, Shang Properties's highest Cyclically Adjusted PS Ratio was 2.05. The lowest was 1.17. And the median was 1.53.

PHS:SHNG's Cyclically Adjusted PS Ratio is ranked better than
60.56% of 1359 companies
in the Real Estate industry
Industry Median: 1.84 vs PHS:SHNG: 1.25

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.

Shang Properties's adjusted revenue per share data for the three months ended in Mar. 2026 was ₱0.671. 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 ₱2.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shang Properties  (PHS:SHNG) 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.


Shang Properties Cyclically Adjusted PS Ratio Related Terms


Shang Properties Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shang Properties'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.

Shang Properties Cyclically Adjusted PS Ratio Chart

Shang Properties 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 1.30 1.17 1.61 1.64 1.42

Shang Properties 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 1.64 1.66 1.60 1.42 1.36

Shang Properties Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Shang Properties'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.


Shang Properties Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shang Properties's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PHS:SHNG
81GF Score
Shang Properties Inc PHS:SHNG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shang Properties 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.

Shang Properties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.15/2.56
=1.23

* 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.

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

For example, Shang Properties'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)
=0.671/330.2130*330.2130
=0.671

Current CPI (Mar. 2026) = 330.2130.

Shang Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.559 241.018 0.766
201609 0.565 241.428 0.773
201612 0.647 241.432 0.885
201703 0.426 243.801 0.577
201706 0.856 244.955 1.154
201709 0.858 246.819 1.148
201712 0.752 246.524 1.007
201803 0.578 249.554 0.765
201806 0.615 251.989 0.806
201809 0.947 252.439 1.239
201812 0.617 251.233 0.811
201903 0.586 254.202 0.761
201906 0.597 256.143 0.770
201909 0.599 256.759 0.770
201912 0.606 256.974 0.779
202003 0.431 258.115 0.551
202006 0.193 257.797 0.247
202009 0.423 260.280 0.537
202012 0.266 260.474 0.337
202103 0.247 264.877 0.308
202106 0.215 271.696 0.261
202109 0.252 274.310 0.303
202112 0.246 278.802 0.291
202203 0.304 287.504 0.349
202206 0.383 296.311 0.427
202209 0.462 296.808 0.514
202212 0.502 296.797 0.559
202303 0.486 301.836 0.532
202306 0.502 305.109 0.543
202309 0.493 307.789 0.529
202312 0.583 306.746 0.628
202403 0.545 312.332 0.576
202406 0.553 314.175 0.581
202409 0.611 315.301 0.640
202412 0.724 315.605 0.758
202503 0.593 319.799 0.612
202506 0.487 322.561 0.499
202509 0.532 324.800 0.541
202512 0.790 324.054 0.805
202603 0.671 330.213 0.671

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 1.23 mean?
Shang Properties (PHS:SHNG) has a Cyclically Adjusted PS Ratio of 1.23 as of Jul. 07, 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 Shang Properties and its competitors. This is 20% below median its historical median of 1.53. Over the past decade, Shang Properties' Cyclically Adjusted PS Ratio has ranged from 1.17 to 2.05. According to the industry distribution chart, Shang Properties ranks #536 out of 1359 companies in the Real Estate industry, placing it in the top 39.4%.
Is Shang Properties' Cyclically Adjusted PS Ratio too high?
Shang Properties' current Cyclically Adjusted PS Ratio of 1.23 is 20% below median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.05. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.84. Shang Properties' value of 1.23 is 33.2% below this industry median. Based on the distribution chart, Shang Properties ranks #536 out of 1359 companies in the Real Estate industry, which is above the industry midpoint. Overall, Shang Properties has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shang Properties' Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Shang Properties ranks #536 out of 1359 companies for Cyclically Adjusted PS Ratio. This puts Shang Properties in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.84. Shang Properties' value of 1.23 is 33.2% below this benchmark. Historically, Shang Properties' own Cyclically Adjusted PS Ratio has ranged from 1.17 to 2.05 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 1.84, Shang Properties 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.84, based on 1,359 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. Shang Properties's current Cyclically Adjusted PS Ratio of 1.23 is 33.2% 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 Shang Properties and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shang Properties's current Cyclically Adjusted PS Ratio is 1.23, which is 20% below median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shang Properties stock overvalued right now?
Based on GuruFocus' analysis, Shang Properties (PHS:SHNG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱4.39, compared to a current price of ₱3.15 — trading 28.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.23, which is 20% below median its 10-year median of 1.53 and 33.2% below the Real Estate industry median of 1.84. Shang Properties' overall GF Score™ is 81/100 with 4 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 Shang Properties (PHS:SHNG), the current Cyclically Adjusted PS Ratio is 1.23 as of Jul. 07, 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 Shang Properties (PHS:SHNG) Overvalued in 2026?

Based on GuruFocus' analysis, Shang Properties stock appears to be undervalued. The current stock price of ₱3.15 is trading 28.2% below its estimated GF Value™ of ₱4.39. GuruFocus considers Shang Properties to be Modestly Undervalued.

Key valuation signals for PHS:SHNG:

  • Cyclically Adjusted PS Ratio: 1.23 (20% below median its 10-year median of 1.53)
  • GF Value™: ₱4.39 vs. price of ₱3.15 (28.2% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 33.2% below the Real Estate median (#536 of 1359)

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


Shang Properties Business Description

Address EDSA Corner Shaw Boulevard, Level 5, Administration Offices, Shangri-La Plaza Mall, Metro Manila, Mandaluyong, PHL, 1550
Shang Properties Inc is to acquire, own, develop, subdivide, sell, mortgage, exchange, lease or hold for investment, real properties of all kinds. The company has three segments Property development, Hotel operations, Leasing. The company generates majority of revenue from Property development segment.
81GF Score

Get the complete analysis for PHS:SHNG

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

₱3.15
Price
₱4.39
GF Value