Fujian Expressway Development Co (SHSE:600033) Cyclically Adjusted PS Ratio: 3.32 (As of Jul. 26, 2026) — Near Median

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SHSE:600033 Fujian Expressway Development Co Ltd SHSE:600033
65 GF Score
Price ¥3.52
GF Value ¥3.65
Valuation Fairly Valued
! 1 Warning Sign
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What is Fujian Expressway Development Co Cyclically Adjusted PS Ratio?

Fujian Expressway Development Co SHSE:600033 -0.85% 65 Cyclically Adjusted PS Ratio is 3.32 as of Jul. 26, 2026, which is 7% above its 10-year median of 3.10. GuruFocus rates SHSE:600033 with a GF Score™ of 65/100 and a GF Value™ of ¥3.65 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,358 Construction companies, Fujian Expressway Development Co ranks worse than 88.07% on this metric.

As of today (2026-07-26), Fujian Expressway Development Co's current share price is ¥3.52. Fujian Expressway Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥1.06. Fujian Expressway Development Co's Cyclically Adjusted PS Ratio for today is 3.32.

The historical rank and industry rank for Fujian Expressway Development Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600033' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.42   Med: 3.1   Max: 4.2
Current: 3.31

During the past years, Fujian Expressway Development Co's highest Cyclically Adjusted PS Ratio was 4.20. The lowest was 2.42. And the median was 3.10.

SHSE:600033's Cyclically Adjusted PS Ratio is ranked worse than
88.07% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs SHSE:600033: 3.31

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.

Fujian Expressway Development Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.268. 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 ¥1.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujian Expressway Development Co  (SHSE:600033) 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.


Fujian Expressway Development Co Cyclically Adjusted PS Ratio Related Terms


Fujian Expressway Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fujian Expressway Development 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.

Fujian Expressway Development Co Cyclically Adjusted PS Ratio Chart

Fujian Expressway Development 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 2.70 2.75 2.96 3.71 3.91

Fujian Expressway Development Co 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 3.67 3.38 3.19 3.91 3.61

Fujian Expressway Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Infrastructure Operations subindustry, Fujian Expressway Development 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.


Fujian Expressway Development Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Fujian Expressway Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fujian Expressway Development Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600033
65GF Score
Fujian Expressway Development Co Ltd SHSE:600033
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fujian Expressway Development 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.

Fujian Expressway Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.52/1.06
=3.32

* 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.

Fujian Expressway Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Fujian Expressway Development Co'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)
=0.268/116.3033*116.3033
=0.268

Current CPI (Mar. 2026) = 116.3033.

Fujian Expressway Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.223 101.400 0.256
201609 0.236 102.400 0.268
201612 0.241 102.600 0.273
201703 0.218 103.200 0.246
201706 0.223 103.100 0.252
201709 0.232 104.100 0.259
201712 0.229 104.500 0.255
201803 0.227 105.300 0.251
201806 0.238 104.900 0.264
201809 0.253 106.600 0.276
201812 0.263 106.500 0.287
201903 0.244 107.700 0.263
201906 0.248 107.700 0.268
201909 0.269 109.800 0.285
201912 0.297 111.200 0.311
202003 0.081 112.300 0.084
202006 0.171 110.400 0.180
202009 0.301 111.700 0.313
202012 0.294 111.500 0.307
202103 0.262 112.662 0.270
202106 0.281 111.769 0.292
202109 0.268 112.215 0.278
202112 0.273 113.108 0.281
202203 0.249 114.335 0.253
202206 0.228 114.558 0.231
202209 0.271 115.339 0.273
202212 0.225 115.116 0.227
202303 0.259 115.116 0.262
202306 0.274 114.558 0.278
202309 0.297 115.339 0.299
202312 0.280 114.781 0.284
202403 0.272 115.227 0.275
202406 0.266 114.781 0.270
202409 0.288 115.785 0.289
202412 0.276 114.893 0.279
202503 0.271 115.116 0.274
202506 0.270 114.907 0.273
202509 0.296 115.471 0.298
202512 0.274 115.832 0.275
202603 0.268 116.303 0.268

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 3.32 mean?
Fujian Expressway Development Co (SHSE:600033) has a Cyclically Adjusted PS Ratio of 3.32 as of Jul. 26, 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 Fujian Expressway Development Co and its competitors. This is near median its historical median of 3.10. Over the past decade, Fujian Expressway Development Co's Cyclically Adjusted PS Ratio has ranged from 2.42 to 4.20. According to the industry distribution chart, Fujian Expressway Development Co ranks #1196 out of 1358 companies in the Construction industry, placing it in the top 88.1%.
Is Fujian Expressway Development Co's Cyclically Adjusted PS Ratio too high?
Fujian Expressway Development Co's current Cyclically Adjusted PS Ratio of 3.32 is near median its 10-year median of 3.10. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 4.20. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Fujian Expressway Development Co's value of 3.32 is 374.3% above this industry median. Based on the distribution chart, Fujian Expressway Development Co ranks #1196 out of 1358 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Fujian Expressway Development Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fujian Expressway Development Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Construction industry distribution chart, Fujian Expressway Development Co ranks #1196 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Fujian Expressway Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Fujian Expressway Development Co's value of 3.32 is 374.3% above this benchmark. Historically, Fujian Expressway Development Co's own Cyclically Adjusted PS Ratio has ranged from 2.42 to 4.20 over the past decade. While the company's 10-year median is 3.10 vs. the industry median of 0.70, Fujian Expressway Development 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. Fujian Expressway Development Co's current Cyclically Adjusted PS Ratio of 3.32 is 374.3% 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 Fujian Expressway Development Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Expressway Development Co's current Cyclically Adjusted PS Ratio is 3.32, which is near median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Expressway Development Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Expressway Development Co (SHSE:600033) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.65, compared to a current price of ¥3.52 — trading 3.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.32, which is near median its 10-year median of 3.10 and 374.3% above the Construction industry median of 0.70. Fujian Expressway Development Co's overall GF Score™ is 65/100 with 1 warning sign 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 Fujian Expressway Development Co (SHSE:600033), the current Cyclically Adjusted PS Ratio is 3.32 as of Jul. 26, 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 Fujian Expressway Development Co (SHSE:600033) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Expressway Development Co stock appears to be undervalued. The current stock price of ¥3.52 is trading 3.6% below its estimated GF Value™ of ¥3.65. GuruFocus considers Fujian Expressway Development Co to be Fairly Valued.

Key valuation signals for SHSE:600033:

  • Cyclically Adjusted PS Ratio: 3.32 (near median its 10-year median of 3.10)
  • GF Value™: ¥3.65 vs. price of ¥3.52 (3.6% below fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 374.3% above the Construction median (#1196 of 1358)

No single metric tells the full story. See the SHSE:600033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Expressway Development Co Business Description

Address 18 Dongshui Road, 26th Floor, Fujian Transportation Complex, Fuzhou, CHN, 350001
Fujian Expressway Development Co Ltd is a China-based company involved in the investment, construction, operation of Highways. It is also involved in equipment leasing, consulting services; industrial production materials, department stores, building materials, and hardware businesses.
65GF Score

Get the complete analysis for SHSE:600033

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

¥3.52
Price
¥3.65
GF Value