China Petroleum & Chemical (SHSE:600028) Cyclically Adjusted PS Ratio: (As of Sep. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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SHSE:600028 China Petroleum & Chemical Corp SHSE:600028
51 GF Score
Price ¥5.48
GF Value ¥5.40
Valuation Fairly Valued
! 8 Warning Signs
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What is China Petroleum & Chemical Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Petroleum & Chemical  (SHSE:600028) 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.


China Petroleum & Chemical Cyclically Adjusted PS Ratio Related Terms


China Petroleum & Chemical Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Petroleum & Chemical'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.

China Petroleum & Chemical Cyclically Adjusted PS Ratio Chart

China Petroleum & Chemical 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 0.13 0.13 0.15 0.17 0.17

China Petroleum & Chemical Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25 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 0.17 0.00 0.15 0.17 0.00

SHSE:600028 vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical'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.


China Petroleum & Chemical Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Petroleum & Chemical's Cyclically Adjusted PS Ratio falls into.


SHSE:600028
51GF Score
China Petroleum & Chemical Corp SHSE:600028
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Petroleum & Chemical 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.

China Petroleum & Chemical's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Petroleum & Chemical'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)
=0/116.0564*116.0564
=0.000

Current CPI (Jun. 2026) = 116.0564.

China Petroleum & Chemical Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.415 102.200 3.878
201606 3.847 101.400 4.403
201609 3.997 102.400 4.530
201612 4.664 102.600 5.276
201703 4.807 103.200 5.406
201706 4.823 103.100 5.429
201709 4.738 104.100 5.282
201712 5.103 104.500 5.667
201803 5.116 105.300 5.639
201806 5.625 104.900 6.223
201809 6.393 106.600 6.960
201812 6.677 106.500 7.276
201903 5.938 107.700 6.399
201906 6.442 107.700 6.942
201909 6.048 109.800 6.393
201912 5.999 111.200 6.261
202003 4.585 112.300 4.738
202006 3.949 110.400 4.151
202009 4.288 111.700 4.455
202012 4.554 111.500 4.740
202103 4.760 112.662 4.903
202106 5.654 111.769 5.871
202109 6.131 112.215 6.341
202112 6.103 113.108 6.262
202203 6.359 114.335 6.455
202206 6.958 114.558 7.049
202209 6.973 115.339 7.016
202212 7.175 115.116 7.234
202303 6.601 115.116 6.655
202306 6.691 114.558 6.779
202309 7.327 115.339 7.373
202312 6.193 114.781 6.262
202403 6.583 115.227 6.630
202406 6.475 114.781 6.547
202409 6.496 115.785 6.511
202412 4.979 114.893 5.029
202506 0.000 114.907 0.000
202509 5.847 115.471 5.877
202512 5.515 115.832 5.526
202606 0.000 116.056 0.000

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.

Is China Petroleum & Chemical (SHSE:600028) Overvalued in 2026?

Based on GuruFocus' analysis, China Petroleum & Chemical stock appears to be overvalued. The current stock price of ¥5.48 is trading 1.5% above its estimated GF Value™ of ¥5.40. GuruFocus considers China Petroleum & Chemical to be Fairly Valued.

Key valuation signals for SHSE:600028:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ¥5.40 vs. price of ¥5.48 (1.5% above fair value)
  • GF Score™: 51/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Petroleum & Chemical Business Description

Industry EnergyOil & Gas
Address No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728
China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys a significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a stateowned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than its peers, PetroChina and CNOOC. In 2025, Sinopec's production of oil and gas equivalent was 525.28 million barrels. The firm also processed 250.33 million metric tons of crude oil.
51GF Score

Get the complete analysis for SHSE:600028

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

¥5.48
Price
¥5.40
GF Value