Heilongjiang Interchina Water Treatment Co (SHSE:600187) Cyclically Adjusted PS Ratio: 5.87 (As of Aug. 17, 2026) — 31% 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:600187 Heilongjiang Interchina Water Treatment Co Ltd SHSE:600187
45 GF Score
Price ¥1.35
GF Value ¥2.73
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Heilongjiang Interchina Water Treatment Co Cyclically Adjusted PS Ratio?

Heilongjiang Interchina Water Treatment Co SHSE:600187 +0.75% 45 Cyclically Adjusted PS Ratio is 5.87 as of Aug. 17, 2026, which is 31% below its 10-year median of 8.45. GuruFocus rates SHSE:600187 with a GF Score™ of 45/100 and a GF Value™ of ¥2.73 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 438 Utilities - Regulated companies, Heilongjiang Interchina Water Treatment Co ranks worse than 94.98% on this metric.

As of today (2026-08-17), Heilongjiang Interchina Water Treatment Co's current share price is ¥1.35. Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥0.23. Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio for today is 5.87.

The historical rank and industry rank for Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600187' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.57   Med: 8.45   Max: 24.45
Current: 5.82

During the past years, Heilongjiang Interchina Water Treatment Co's highest Cyclically Adjusted PS Ratio was 24.45. The lowest was 4.57. And the median was 8.45.

SHSE:600187's Cyclically Adjusted PS Ratio is ranked worse than
94.98% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs SHSE:600187: 5.82

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.

Heilongjiang Interchina Water Treatment Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.031. 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 ¥0.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heilongjiang Interchina Water Treatment Co  (SHSE:600187) 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.


Heilongjiang Interchina Water Treatment Co Cyclically Adjusted PS Ratio Related Terms


Heilongjiang Interchina Water Treatment Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Heilongjiang Interchina Water Treatment 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.

Heilongjiang Interchina Water Treatment Co Cyclically Adjusted PS Ratio Chart

Heilongjiang Interchina Water Treatment 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 7.46 10.58 8.78 13.21 10.70

Heilongjiang Interchina Water Treatment 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 13.76 13.62 11.90 10.70 8.17

SHSE:600187 vs AWK, WTRG, AWR: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Water subindustry, Heilongjiang Interchina Water Treatment 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.


Heilongjiang Interchina Water Treatment Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600187
45GF Score
Heilongjiang Interchina Water Treatment Co Ltd SHSE:600187
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heilongjiang Interchina Water Treatment 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.

Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.35/0.23
=5.87

* 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.

Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Heilongjiang Interchina Water Treatment 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)
=0.031/116.3033*116.3033
=0.031

Current CPI (Mar. 2026) = 116.3033.

Heilongjiang Interchina Water Treatment Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.059 101.400 0.068
201609 0.066 102.400 0.075
201612 0.064 102.600 0.073
201703 0.060 103.200 0.068
201706 0.070 103.100 0.079
201709 0.062 104.100 0.069
201712 0.084 104.500 0.093
201803 0.054 105.300 0.060
201806 0.075 104.900 0.083
201809 0.053 106.600 0.058
201812 0.111 106.500 0.121
201903 0.050 107.700 0.054
201906 0.058 107.700 0.063
201909 0.063 109.800 0.067
201912 0.170 111.200 0.178
202003 0.039 112.300 0.040
202006 0.046 110.400 0.048
202009 0.046 111.700 0.048
202012 0.103 111.500 0.107
202103 0.058 112.662 0.060
202106 0.044 111.769 0.046
202109 0.058 112.215 0.060
202112 0.077 113.108 0.079
202203 0.051 114.335 0.052
202206 0.041 114.558 0.042
202209 0.044 115.339 0.044
202212 0.044 115.116 0.044
202303 0.041 115.116 0.041
202306 0.035 114.558 0.036
202309 0.030 115.339 0.030
202312 0.034 114.781 0.034
202403 0.026 115.227 0.026
202406 0.027 114.781 0.027
202409 0.025 115.785 0.025
202412 0.033 114.893 0.033
202503 0.030 115.116 0.030
202506 0.017 114.907 0.017
202509 0.034 115.471 0.034
202512 0.056 115.832 0.056
202603 0.031 116.303 0.031

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 5.87 mean?
Heilongjiang Interchina Water Treatment Co (SHSE:600187) has a Cyclically Adjusted PS Ratio of 5.87 as of Aug. 17, 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 Heilongjiang Interchina Water Treatment Co and its competitors. This is 31% below median its historical median of 8.45. Over the past decade, Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio has ranged from 4.57 to 24.45. According to the industry distribution chart, Heilongjiang Interchina Water Treatment Co ranks #416 out of 438 companies in the Utilities - Regulated industry, placing it in the top 95%.
Is Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio too high?
Heilongjiang Interchina Water Treatment Co's current Cyclically Adjusted PS Ratio of 5.87 is 31% below median its 10-year median of 8.45. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 24.45. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.45. Heilongjiang Interchina Water Treatment Co's value of 5.87 is 304.8% above this industry median. Based on the distribution chart, Heilongjiang Interchina Water Treatment Co ranks #416 out of 438 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Heilongjiang Interchina Water Treatment Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Interchina Water Treatment Co's Cyclically Adjusted PS Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Heilongjiang Interchina Water Treatment Co ranks #416 out of 438 companies for Cyclically Adjusted PS Ratio. This places Heilongjiang Interchina Water Treatment Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.45. Heilongjiang Interchina Water Treatment Co's value of 5.87 is 304.8% above this benchmark. Historically, Heilongjiang Interchina Water Treatment Co's own Cyclically Adjusted PS Ratio has ranged from 4.57 to 24.45 over the past decade. While the company's 10-year median is 8.45 vs. the industry median of 1.45, Heilongjiang Interchina Water Treatment 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 - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.45, based on 438 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. Heilongjiang Interchina Water Treatment Co's current Cyclically Adjusted PS Ratio of 5.87 is 304.8% 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 Heilongjiang Interchina Water Treatment Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Interchina Water Treatment Co's current Cyclically Adjusted PS Ratio is 5.87, which is 31% below median its own 10-year median of 8.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Interchina Water Treatment Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Interchina Water Treatment Co (SHSE:600187) is currently considered Possible Value Trap. The stock's GF Value™ is ¥2.73, compared to a current price of ¥1.35 — trading 50.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.87, which is 31% below median its 10-year median of 8.45 and 304.8% above the Utilities - Regulated industry median of 1.45. Heilongjiang Interchina Water Treatment Co's overall GF Score™ is 45/100 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 Heilongjiang Interchina Water Treatment Co (SHSE:600187), the current Cyclically Adjusted PS Ratio is 5.87 as of Aug. 17, 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 Heilongjiang Interchina Water Treatment Co (SHSE:600187) Overvalued in 2026?

Based on GuruFocus' analysis, Heilongjiang Interchina Water Treatment Co stock appears to be undervalued. The current stock price of ¥1.35 is trading 50.5% below its estimated GF Value™ of ¥2.73. GuruFocus considers Heilongjiang Interchina Water Treatment Co to be Possible Value Trap.

Key valuation signals for SHSE:600187:

  • Cyclically Adjusted PS Ratio: 5.87 (31% below median its 10-year median of 8.45)
  • GF Value™: ¥2.73 vs. price of ¥1.35 (50.5% below fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 304.8% above the Utilities - Regulated median (#416 of 438)

No single metric tells the full story. See the SHSE:600187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heilongjiang Interchina Water Treatment Co Business Description

Address No. 27 Changqing Road, Longsha District, Qiqihaer, Heilongjiang, CHN, 161005
Heilongjiang Interchina Water Treatment Co Ltd engages in the construction and operation of a water project in China. The company is involved in the supply of water; and the provision of sewage and wastewater treatment services. It also offers environmental protection equipment, as well as engineering and technical services.
45GF Score

Get the complete analysis for SHSE:600187

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

¥1.35
Price
¥2.73
GF Value