Shanghai Belling Co (SHSE:600171) Cyclically Adjusted PS Ratio: 9.22 (As of Aug. 16, 2026) — 33% Below Median

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Director of Data and Quant Analytics at GuruFocus
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SHSE:600171 Shanghai Belling Co Ltd SHSE:600171
74 GF Score
Price ¥23.23
GF Value ¥29.64
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Shanghai Belling Co Cyclically Adjusted PS Ratio?

Shanghai Belling Co SHSE:600171 +0.52% 74 Cyclically Adjusted PS Ratio is 9.22 as of Aug. 16, 2026, which is 33% below its 10-year median of 13.85. GuruFocus rates SHSE:600171 with a GF Score™ of 74/100 and a GF Value™ of ¥29.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 729 Semiconductors companies, Shanghai Belling Co ranks worse than 76.54% on this metric.

As of today (2026-08-16), Shanghai Belling Co's current share price is ¥23.23. Shanghai Belling Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥2.52. Shanghai Belling Co's Cyclically Adjusted PS Ratio for today is 9.22.

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

SHSE:600171' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.23   Med: 13.85   Max: 30.77
Current: 9.22

During the past years, Shanghai Belling Co's highest Cyclically Adjusted PS Ratio was 30.77. The lowest was 6.23. And the median was 13.85.

SHSE:600171's Cyclically Adjusted PS Ratio is ranked worse than
76.54% of 729 companies
in the Semiconductors industry
Industry Median: 3.12 vs SHSE:600171: 9.22

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 Belling Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.863. 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 ¥2.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Belling Co  (SHSE:600171) 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 Belling Co Cyclically Adjusted PS Ratio Related Terms


Shanghai Belling Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Belling 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 Belling Co Cyclically Adjusted PS Ratio Chart

Shanghai Belling 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 19.07 11.31 8.10 19.17 12.80

Shanghai Belling 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 16.03 15.44 15.88 12.80 10.72

SHSE:600171 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Shanghai Belling 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 Belling Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Belling Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SHSE:600171
74GF Score
Shanghai Belling Co Ltd SHSE:600171
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Belling 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 Belling Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.23/2.52
=9.22

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

For example, Shanghai Belling 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)
=0.863/116.3033*116.3033
=0.863

Current CPI (Mar. 2026) = 116.3033.

Shanghai Belling Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.197 101.400 0.226
201609 0.184 102.400 0.209
201612 0.272 102.600 0.308
201703 0.167 103.200 0.188
201706 0.196 103.100 0.221
201709 0.219 104.100 0.245
201712 0.262 104.500 0.292
201803 0.234 105.300 0.258
201806 0.319 104.900 0.354
201809 0.281 106.600 0.307
201812 0.303 106.500 0.331
201903 0.262 107.700 0.283
201906 0.296 107.700 0.320
201909 0.431 109.800 0.457
201912 0.457 111.200 0.478
202003 0.331 112.300 0.343
202006 0.448 110.400 0.472
202009 0.504 111.700 0.525
202012 0.632 111.500 0.659
202103 0.617 112.662 0.637
202106 0.837 111.769 0.871
202109 0.695 112.215 0.720
202112 0.710 113.108 0.730
202203 0.626 114.335 0.637
202206 0.713 114.558 0.724
202209 0.660 115.339 0.666
202212 0.940 115.116 0.950
202303 0.553 115.116 0.559
202306 0.691 114.558 0.702
202309 0.723 115.339 0.729
202312 1.416 114.781 1.435
202403 0.623 115.227 0.629
202406 0.996 114.781 1.009
202409 1.049 115.785 1.054
202412 1.317 114.893 1.333
202503 0.660 115.116 0.667
202506 1.252 114.907 1.267
202509 1.235 115.471 1.244
202512 1.281 115.832 1.286
202603 0.863 116.303 0.863

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 9.22 mean?
Shanghai Belling Co (SHSE:600171) has a Cyclically Adjusted PS Ratio of 9.22 as of Aug. 16, 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 Belling Co and its competitors. This is 33% below median its historical median of 13.85. Over the past decade, Shanghai Belling Co's Cyclically Adjusted PS Ratio has ranged from 6.23 to 30.77. According to the industry distribution chart, Shanghai Belling Co ranks #558 out of 729 companies in the Semiconductors industry, placing it in the top 76.5%.
Is Shanghai Belling Co's Cyclically Adjusted PS Ratio too high?
Shanghai Belling Co's current Cyclically Adjusted PS Ratio of 9.22 is 33% below median its 10-year median of 13.85. Over the past 10 years, this metric has ranged from a low of 6.23 to a high of 30.77. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.12. Shanghai Belling Co's value of 9.22 is 195.5% above this industry median. Based on the distribution chart, Shanghai Belling Co ranks #558 out of 729 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Shanghai Belling Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Belling Co's Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Belling Co ranks #558 out of 729 companies for Cyclically Adjusted PS Ratio. This places Shanghai Belling Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.12. Shanghai Belling Co's value of 9.22 is 195.5% above this benchmark. Historically, Shanghai Belling Co's own Cyclically Adjusted PS Ratio has ranged from 6.23 to 30.77 over the past decade. While the company's 10-year median is 13.85 vs. the industry median of 3.12, Shanghai Belling 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.12, based on 729 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 Belling Co's current Cyclically Adjusted PS Ratio of 9.22 is 195.5% 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 Belling Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Belling Co's current Cyclically Adjusted PS Ratio is 9.22, which is 33% below median its own 10-year median of 13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Belling Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Belling Co (SHSE:600171) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥29.64, compared to a current price of ¥23.23 — trading 21.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.22, which is 33% below median its 10-year median of 13.85 and 195.5% above the Semiconductors industry median of 3.12. Shanghai Belling Co's overall GF Score™ is 74/100 with 3 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 Belling Co (SHSE:600171), the current Cyclically Adjusted PS Ratio is 9.22 as of Aug. 16, 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 Belling Co (SHSE:600171) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Belling Co stock appears to be undervalued. The current stock price of ¥23.23 is trading 21.6% below its estimated GF Value™ of ¥29.64. GuruFocus considers Shanghai Belling Co to be Modestly Undervalued.

Key valuation signals for SHSE:600171:

  • Cyclically Adjusted PS Ratio: 9.22 (33% below median its 10-year median of 13.85)
  • GF Value™: ¥29.64 vs. price of ¥23.23 (21.6% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 195.5% above the Semiconductors median (#558 of 729)

No single metric tells the full story. See the SHSE:600171 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Belling Co Business Description

Address No. 810 Yishan Road, Caohejing Development Zone, Shanghai, Shanghai, CHN, 200233
Shanghai Belling Co Ltd operates in the IC industry in the People's Republic of China. Its products include power management, AC/DC converters, electric energy metering circuits, LED drive ICs, interface circuits, ADC circuits, MCU, EEPROM, MOSFET and discrete devices, and smoke detector circuits.
74GF Score

Get the complete analysis for SHSE:600171

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

¥23.23
Price
¥29.64
GF Value