State Grid Informationmmunication Co (SHSE:600131) Cyclically Adjusted PS Ratio: 2.47 (As of Aug. 12, 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600131 State Grid Information & Communication Co Ltd SHSE:600131
77 GF Score
Price ¥15.68
GF Value ¥22.12
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is State Grid Informationmmunication Co Cyclically Adjusted PS Ratio?

State Grid Informationmmunication Co SHSE:600131 -0.25% 77 Cyclically Adjusted PS Ratio is 2.47 as of Aug. 12, 2026, which is 40% below its 10-year median of 4.10. GuruFocus rates SHSE:600131 with a GF Score™ of 77/100 and a GF Value™ of ¥22.12 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 272 Utilities - Independent Power Producers companies, State Grid Informationmmunication Co ranks worse than 61.76% on this metric.

As of today (2026-08-12), State Grid Informationmmunication Co's current share price is ¥15.68. State Grid Informationmmunication Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥6.36. State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio for today is 2.47.

The historical rank and industry rank for State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600131' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.22   Med: 4.1   Max: 9.65
Current: 2.44

During the past years, State Grid Informationmmunication Co's highest Cyclically Adjusted PS Ratio was 9.65. The lowest was 2.22. And the median was 4.10.

SHSE:600131's Cyclically Adjusted PS Ratio is ranked worse than
61.76% of 272 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.67 vs SHSE:600131: 2.44

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.

State Grid Informationmmunication Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥1.122. 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 ¥6.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


State Grid Informationmmunication Co  (SHSE:600131) 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.


State Grid Informationmmunication Co Cyclically Adjusted PS Ratio Related Terms


State Grid Informationmmunication Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for State Grid Informationmmunication 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.

State Grid Informationmmunication Co Cyclically Adjusted PS Ratio Chart

State Grid Informationmmunication 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 5.62 3.40 3.12 3.41 2.57

State Grid Informationmmunication 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 3.34 3.09 3.00 2.57 2.89

State Grid Informationmmunication Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, State Grid Informationmmunication 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.


State Grid Informationmmunication Co Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600131
77GF Score
State Grid Information & Communication Co Ltd SHSE:600131
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

State Grid Informationmmunication 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.

State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.68/6.36
=2.47

* 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.

State Grid Informationmmunication Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, State Grid Informationmmunication 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)
=1.122/116.3033*116.3033
=1.122

Current CPI (Mar. 2026) = 116.3033.

State Grid Informationmmunication Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.621 101.400 0.712
201609 0.605 102.400 0.687
201612 0.603 102.600 0.684
201703 0.309 103.200 0.348
201706 0.408 103.100 0.460
201709 0.397 104.100 0.444
201712 0.532 104.500 0.592
201803 0.446 105.300 0.493
201806 0.551 104.900 0.611
201809 0.586 106.600 0.639
201812 5.219 106.500 5.699
201903 1.004 107.700 1.084
201906 1.600 107.700 1.728
201909 1.679 109.800 1.778
201912 2.724 111.200 2.849
202003 0.892 112.300 0.924
202006 1.485 110.400 1.564
202009 1.220 111.700 1.270
202012 2.397 111.500 2.500
202103 0.977 112.662 1.009
202106 1.374 111.769 1.430
202109 1.179 112.215 1.222
202112 2.754 113.108 2.832
202203 0.977 114.335 0.994
202206 1.453 114.558 1.475
202209 1.453 115.339 1.465
202212 2.506 115.116 2.532
202303 1.101 115.116 1.112
202306 1.277 114.558 1.296
202309 0.863 115.339 0.870
202312 3.298 114.781 3.342
202403 0.842 115.227 0.850
202406 2.266 114.781 2.296
202409 1.380 115.785 1.386
202412 4.215 114.893 4.267
202503 1.155 115.116 1.167
202506 1.768 114.907 1.789
202509 1.780 115.471 1.793
202512 4.302 115.832 4.319
202603 1.122 116.303 1.122

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 2.47 mean?
State Grid Informationmmunication Co (SHSE:600131) has a Cyclically Adjusted PS Ratio of 2.47 as of Aug. 12, 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 State Grid Informationmmunication Co and its competitors. This is 40% below median its historical median of 4.10. Over the past decade, State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio has ranged from 2.22 to 9.65. According to the industry distribution chart, State Grid Informationmmunication Co ranks #168 out of 272 companies in the Utilities - Independent Power Producers industry, placing it in the top 61.8%.
Is State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio too high?
State Grid Informationmmunication Co's current Cyclically Adjusted PS Ratio of 2.47 is 40% below median its 10-year median of 4.10. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 9.65. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.67. State Grid Informationmmunication Co's value of 2.47 is 47.9% above this industry median. Based on the distribution chart, State Grid Informationmmunication Co ranks #168 out of 272 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, State Grid Informationmmunication Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does State Grid Informationmmunication Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, State Grid Informationmmunication Co ranks #168 out of 272 companies for Cyclically Adjusted PS Ratio. This places State Grid Informationmmunication Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. State Grid Informationmmunication Co's value of 2.47 is 47.9% above this benchmark. Historically, State Grid Informationmmunication Co's own Cyclically Adjusted PS Ratio has ranged from 2.22 to 9.65 over the past decade. While the company's 10-year median is 4.10 vs. the industry median of 1.67, State Grid Informationmmunication 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.67, based on 272 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. State Grid Informationmmunication Co's current Cyclically Adjusted PS Ratio of 2.47 is 47.9% 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 State Grid Informationmmunication Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Grid Informationmmunication Co's current Cyclically Adjusted PS Ratio is 2.47, which is 40% below median its own 10-year median of 4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Grid Informationmmunication Co stock overvalued right now?
Based on GuruFocus' analysis, State Grid Informationmmunication Co (SHSE:600131) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥22.12, compared to a current price of ¥15.68 — trading 29.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.47, which is 40% below median its 10-year median of 4.10 and 47.9% above the Utilities - Independent Power Producers industry median of 1.67. State Grid Informationmmunication Co's overall GF Score™ is 77/100 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 State Grid Informationmmunication Co (SHSE:600131), the current Cyclically Adjusted PS Ratio is 2.47 as of Aug. 12, 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 State Grid Informationmmunication Co (SHSE:600131) Overvalued in 2026?

Based on GuruFocus' analysis, State Grid Informationmmunication Co stock appears to be undervalued. The current stock price of ¥15.68 is trading 29.1% below its estimated GF Value™ of ¥22.12. GuruFocus considers State Grid Informationmmunication Co to be Modestly Undervalued.

Key valuation signals for SHSE:600131:

  • Cyclically Adjusted PS Ratio: 2.47 (40% below median its 10-year median of 4.10)
  • GF Value™: ¥22.12 vs. price of ¥15.68 (29.1% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 47.9% above the Utilities - Independent Power Producers median (#168 of 272)

No single metric tells the full story. See the SHSE:600131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


State Grid Informationmmunication Co Business Description

Address No. 301 Kuiguang Road, Doujiangyan, Sichuan, CHN, 611830
State Grid Information & Communication Co Ltd, formerly Sichuan Minjiang Hydropower Co Ltd is a China-based company is engaged in the hydroelectric generation business. It is mainly engaged in the development, generation, transmission, distribution, and sales of electric power, as well as other businesses with its subsidiaries.
77GF Score

Get the complete analysis for SHSE:600131

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

¥15.68
Price
¥22.12
GF Value