Chongqing Brewery Co (SHSE:600132) Cyclically Adjusted PS Ratio: (As of Aug. 19, 2026)

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SHSE:600132 Chongqing Brewery Co Ltd SHSE:600132
87 GF Score
Price ¥42.51
GF Value ¥58.36
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Chongqing Brewery Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chongqing Brewery Co  (SHSE:600132) 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.


Chongqing Brewery Co Cyclically Adjusted PS Ratio Related Terms


Chongqing Brewery Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chongqing Brewery 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.

Chongqing Brewery Co Cyclically Adjusted PS Ratio Chart

Chongqing Brewery 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 12.54 8.85 4.01 3.34 2.46

Chongqing Brewery 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 2.72 2.56 2.46 2.57 0.00

SHSE:600132 vs STZ: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Chongqing Brewery 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.


Chongqing Brewery Co Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600132
87GF Score
Chongqing Brewery Co Ltd SHSE:600132
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Brewery 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.

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

For example, Chongqing Brewery 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)
=8.726/116.0564*116.0564
=8.726

Current CPI (Jun. 2026) = 116.0564.

Chongqing Brewery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.165 102.400 2.454
201612 1.031 102.600 1.166
201703 1.530 103.200 1.721
201706 1.711 103.100 1.926
201709 2.275 104.100 2.536
201712 1.019 104.500 1.132
201803 1.721 105.300 1.897
201806 1.887 104.900 2.088
201809 2.390 106.600 2.602
201812 1.118 106.500 1.218
201903 1.751 107.700 1.887
201906 2.005 107.700 2.161
201909 2.485 109.800 2.627
201912 14.614 111.200 15.252
202003 4.335 112.300 4.480
202006 7.215 110.400 7.585
202009 2.777 111.700 2.885
202012 3.983 111.500 4.146
202103 6.759 112.662 6.963
202106 8.046 111.769 8.355
202109 8.347 112.215 8.633
202112 3.977 113.108 4.081
202203 7.877 114.335 7.996
202206 8.486 114.558 8.597
202209 8.781 115.339 8.836
202212 3.844 115.116 3.875
202303 8.281 115.116 8.349
202306 9.320 114.558 9.442
202309 9.348 115.339 9.406
202312 3.670 114.781 3.711
202403 8.833 115.227 8.897
202406 9.454 114.781 9.559
202409 8.684 115.785 8.704
202412 3.259 114.893 3.292
202503 9.030 115.116 9.104
202506 9.262 114.907 9.355
202509 8.651 115.471 8.695
202512 3.435 115.832 3.442
202603 8.944 116.303 8.925
202606 8.726 116.056 8.726

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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued. The current stock price of ¥42.51 is trading 27.2% below its estimated GF Value™ of ¥58.36. GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.

Key valuation signals for SHSE:600132:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ¥58.36 vs. price of ¥42.51 (27.2% below fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Brewery Co Business Description

Address No. 62, Jinsui Road, 13th Floor, Kingold Century Finance Center, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
87GF Score

Get the complete analysis for SHSE:600132

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

¥42.51
Price
¥58.36
GF Value