Shanghai International Airport Co (SHSE:600009) Cyclically Adjusted PS Ratio: 5.40 (As of Sep. 03, 2026) — 59% Below Median

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SHSE:600009 Shanghai International Airport Co Ltd SHSE:600009
72 GF Score
Price ¥23.65
GF Value ¥35.87
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Shanghai International Airport Co Cyclically Adjusted PS Ratio?

Shanghai International Airport Co SHSE:600009 +1.28% 72 Cyclically Adjusted PS Ratio is 5.40 as of Sep. 03, 2026, which is 59% below its 10-year median of 13.15. GuruFocus rates SHSE:600009 with a GF Score™ of 72/100 and a GF Value™ of ¥35.87 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 763 Transportation companies, Shanghai International Airport Co ranks worse than 91.87% on this metric.

As of today (2026-09-03), Shanghai International Airport Co's current share price is ¥23.65. Shanghai International Airport Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ¥4.38. Shanghai International Airport Co's Cyclically Adjusted PS Ratio for today is 5.40.

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

SHSE:600009' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.21   Med: 13.15   Max: 24.77
Current: 5.39

During the past years, Shanghai International Airport Co's highest Cyclically Adjusted PS Ratio was 24.77. The lowest was 5.21. And the median was 13.15.

SHSE:600009's Cyclically Adjusted PS Ratio is ranked worse than
91.87% of 763 companies
in the Transportation industry
Industry Median: 0.93 vs SHSE:600009: 5.39

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.

Shanghai International Airport Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ¥1.348. 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 ¥4.38 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai International Airport Co  (SHSE:600009) 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.


Shanghai International Airport Co Cyclically Adjusted PS Ratio Related Terms


Shanghai International Airport Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai International Airport Co'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.

Shanghai International Airport Co Cyclically Adjusted PS Ratio Chart

Shanghai International Airport Co 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 12.17 15.02 8.26 8.29 7.59

Shanghai International Airport Co 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 7.58 7.50 7.59 6.33 5.27

SHSE:600009 vs JOBY, CAAP: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Shanghai International Airport Co'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.


Shanghai International Airport Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Shanghai International Airport Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai International Airport Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600009
72GF Score
Shanghai International Airport Co Ltd SHSE:600009
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai International Airport Co 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.

Shanghai International Airport Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.65/4.38
=5.40

* 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.

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

For example, Shanghai International Airport Co'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)
=1.348/116.0564*116.0564
=1.348

Current CPI (Jun. 2026) = 116.0564.

Shanghai International Airport Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.945 102.400 1.071
201612 0.909 102.600 1.028
201703 0.982 103.200 1.104
201706 1.041 103.100 1.172
201709 1.102 104.100 1.229
201712 1.056 104.500 1.173
201803 1.188 105.300 1.309
201806 1.152 104.900 1.275
201809 1.242 106.600 1.352
201812 1.261 106.500 1.374
201903 1.436 107.700 1.547
201906 1.393 107.700 1.501
201909 1.424 109.800 1.505
201912 1.425 111.200 1.487
202003 0.812 112.300 0.839
202006 0.452 110.400 0.475
202009 0.495 111.700 0.514
202012 0.467 111.500 0.486
202103 0.457 112.662 0.471
202106 0.469 111.769 0.487
202109 1.198 112.215 1.239
202112 1.143 113.108 1.173
202203 0.791 114.335 0.803
202206 0.264 114.558 0.267
202209 0.637 115.339 0.641
202212 0.676 115.116 0.682
202303 0.867 115.116 0.874
202306 0.964 114.558 0.977
202309 1.418 115.339 1.427
202312 1.313 114.781 1.328
202403 1.256 115.227 1.265
202406 1.200 114.781 1.213
202409 1.216 115.785 1.219
202412 1.320 114.893 1.333
202503 1.284 115.116 1.294
202506 1.272 114.907 1.285
202509 1.369 115.471 1.376
202512 1.433 115.832 1.436
202603 1.273 116.303 1.270
202606 1.348 116.056 1.348

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 5.40 mean?
Shanghai International Airport Co (SHSE:600009) has a Cyclically Adjusted PS Ratio of 5.40 as of Sep. 03, 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 Shanghai International Airport Co and its competitors. This is 59% below median its historical median of 13.15. Over the past decade, Shanghai International Airport Co's Cyclically Adjusted PS Ratio has ranged from 5.21 to 24.77. According to the industry distribution chart, Shanghai International Airport Co ranks #701 out of 763 companies in the Transportation industry, placing it in the top 91.9%.
Is Shanghai International Airport Co's Cyclically Adjusted PS Ratio too high?
Shanghai International Airport Co's current Cyclically Adjusted PS Ratio of 5.40 is 59% below median its 10-year median of 13.15. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 24.77. The Transportation industry median Cyclically Adjusted PS Ratio is 0.93. Shanghai International Airport Co's value of 5.40 is 480.6% above this industry median. Based on the distribution chart, Shanghai International Airport Co ranks #701 out of 763 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Shanghai International Airport Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai International Airport Co's Cyclically Adjusted PS Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Shanghai International Airport Co ranks #701 out of 763 companies for Cyclically Adjusted PS Ratio. This places Shanghai International Airport Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.93. Shanghai International Airport Co's value of 5.40 is 480.6% above this benchmark. Historically, Shanghai International Airport Co's own Cyclically Adjusted PS Ratio has ranged from 5.21 to 24.77 over the past decade. While the company's 10-year median is 13.15 vs. the industry median of 0.93, Shanghai International Airport Co 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.93, based on 763 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. Shanghai International Airport Co's current Cyclically Adjusted PS Ratio of 5.40 is 480.6% 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 Shanghai International Airport Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai International Airport Co's current Cyclically Adjusted PS Ratio is 5.40, which is 59% below median its own 10-year median of 13.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai International Airport Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai International Airport Co (SHSE:600009) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥35.87, compared to a current price of ¥23.65 — trading 34.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.40, which is 59% below median its 10-year median of 13.15 and 480.6% above the Transportation industry median of 0.93. Shanghai International Airport Co's overall GF Score™ is 72/100 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 Shanghai International Airport Co (SHSE:600009), the current Cyclically Adjusted PS Ratio is 5.40 as of Sep. 03, 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 Shanghai International Airport Co (SHSE:600009) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai International Airport Co stock appears to be undervalued. The current stock price of ¥23.65 is trading 34.1% below its estimated GF Value™ of ¥35.87. GuruFocus considers Shanghai International Airport Co to be Significantly Undervalued.

Key valuation signals for SHSE:600009:

  • Cyclically Adjusted PS Ratio: 5.40 (59% below median its 10-year median of 13.15)
  • GF Value™: ¥35.87 vs. price of ¥23.65 (34.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 480.6% above the Transportation median (#701 of 763)

No single metric tells the full story. See the SHSE:600009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai International Airport Co Business Description

Address No. 900 Qihang Road, Pudong New Area, Shanghai, CHN, 201207
Shanghai International Airport Co Ltd is engaged in airport services at the Pudong International Airport in Shanghai, China. The company's principal activities consist of ground handling services for domestic and foreign airlines and passengers, and the provision of other airport-related services.
72GF Score

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

¥23.65
Price
¥35.87
GF Value