Hainan Airlines Holding Co (SHSE:600221) Cyclically Adjusted PS Ratio: 0.53 (As of Aug. 08, 2026) — Near Median

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SHSE:600221 Hainan Airlines Holding Co Ltd SHSE:600221
65 GF Score
Price ¥1.33
GF Value ¥1.83
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hainan Airlines Holding Co Cyclically Adjusted PS Ratio?

Hainan Airlines Holding Co SHSE:600221 -0.75% 65 Cyclically Adjusted PS Ratio is 0.53 as of Aug. 08, 2026, which is 4% below its 10-year median of 0.55. GuruFocus rates SHSE:600221 with a GF Score™ of 65/100 and a GF Value™ of ¥1.83 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 763 Transportation companies, Hainan Airlines Holding Co ranks better than 66.45% on this metric.

As of today (2026-08-08), Hainan Airlines Holding Co's current share price is ¥1.33. Hainan Airlines Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥2.53. Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio for today is 0.53.

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

SHSE:600221' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.55   Max: 1.15
Current: 0.53

During the past years, Hainan Airlines Holding Co's highest Cyclically Adjusted PS Ratio was 1.15. The lowest was 0.35. And the median was 0.55.

SHSE:600221's Cyclically Adjusted PS Ratio is ranked better than
66.45% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs SHSE:600221: 0.53

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.

Hainan Airlines Holding Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.427. 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 ¥2.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hainan Airlines Holding Co  (SHSE:600221) 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.


Hainan Airlines Holding Co Cyclically Adjusted PS Ratio Related Terms


Hainan Airlines Holding Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hainan Airlines Holding 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.

Hainan Airlines Holding Co Cyclically Adjusted PS Ratio Chart

Hainan Airlines Holding 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 0.52 0.60 0.47 0.62 0.70

Hainan Airlines Holding 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 0.52 0.51 0.62 0.70 0.57

SHSE:600221 vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Hainan Airlines Holding 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.


Hainan Airlines Holding Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600221
65GF Score
Hainan Airlines Holding Co Ltd SHSE:600221
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hainan Airlines Holding 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.

Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.33/2.53
=0.53

* 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.

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

For example, Hainan Airlines Holding 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)
=0.427/116.3033*116.3033
=0.427

Current CPI (Mar. 2026) = 116.3033.

Hainan Airlines Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.728 101.400 0.835
201609 0.895 102.400 1.017
201612 0.449 102.600 0.509
201703 0.865 103.200 0.975
201706 0.833 103.100 0.940
201709 2.038 104.100 2.277
201712 0.652 104.500 0.726
201803 1.000 105.300 1.104
201806 0.958 104.900 1.062
201809 1.183 106.600 1.291
201812 1.328 106.500 1.450
201903 1.108 107.700 1.197
201906 0.979 107.700 1.057
201909 1.187 109.800 1.257
201912 0.184 111.200 0.192
202003 0.410 112.300 0.425
202006 0.287 110.400 0.302
202009 0.484 111.700 0.504
202012 0.584 111.500 0.609
202103 0.460 112.662 0.475
202106 0.630 111.769 0.656
202109 0.531 112.215 0.550
202112 0.304 113.108 0.313
202203 0.192 114.335 0.195
202206 0.141 114.558 0.143
202209 0.230 115.339 0.232
202212 0.113 115.116 0.114
202303 0.308 115.116 0.311
202306 0.331 114.558 0.336
202309 0.444 115.339 0.448
202312 0.248 114.781 0.251
202403 0.406 115.227 0.410
202406 0.327 114.781 0.331
202409 0.464 115.785 0.466
202412 0.294 114.893 0.298
202503 0.407 115.116 0.411
202506 0.349 114.907 0.353
202509 0.483 115.471 0.486
202512 0.354 115.832 0.355
202603 0.427 116.303 0.427

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 0.53 mean?
Hainan Airlines Holding Co (SHSE:600221) has a Cyclically Adjusted PS Ratio of 0.53 as of Aug. 08, 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 Hainan Airlines Holding Co and its competitors. This is near median its historical median of 0.55. Over the past decade, Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio has ranged from 0.35 to 1.15. According to the industry distribution chart, Hainan Airlines Holding Co ranks #256 out of 763 companies in the Transportation industry, placing it in the top 33.6%.
Is Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio too high?
Hainan Airlines Holding Co's current Cyclically Adjusted PS Ratio of 0.53 is near median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.15. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Hainan Airlines Holding Co's value of 0.53 is 41.1% below this industry median. Based on the distribution chart, Hainan Airlines Holding Co ranks #256 out of 763 companies in the Transportation industry, which is above the industry midpoint. Overall, Hainan Airlines Holding Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hainan Airlines Holding Co's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Hainan Airlines Holding Co ranks #256 out of 763 companies for Cyclically Adjusted PS Ratio. This puts Hainan Airlines Holding Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Hainan Airlines Holding Co's value of 0.53 is 41.1% below this benchmark. Historically, Hainan Airlines Holding Co's own Cyclically Adjusted PS Ratio has ranged from 0.35 to 1.15 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.90, Hainan Airlines Holding Co has consistently been below 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 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. Hainan Airlines Holding Co's current Cyclically Adjusted PS Ratio of 0.53 is 41.1% below 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 Hainan Airlines Holding Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Airlines Holding Co's current Cyclically Adjusted PS Ratio is 0.53, which is near median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airlines Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airlines Holding Co (SHSE:600221) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1.83, compared to a current price of ¥1.33 — trading 27.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.53, which is near median its 10-year median of 0.55 and 41.1% below the Transportation industry median of 0.90. Hainan Airlines Holding Co's overall GF Score™ is 65/100 with 6 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 Hainan Airlines Holding Co (SHSE:600221), the current Cyclically Adjusted PS Ratio is 0.53 as of Aug. 08, 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 Hainan Airlines Holding Co (SHSE:600221) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Airlines Holding Co stock appears to be undervalued. The current stock price of ¥1.33 is trading 27.3% below its estimated GF Value™ of ¥1.83. GuruFocus considers Hainan Airlines Holding Co to be Modestly Undervalued.

Key valuation signals for SHSE:600221:

  • Cyclically Adjusted PS Ratio: 0.53 (near median its 10-year median of 0.55)
  • GF Value™: ¥1.83 vs. price of ¥1.33 (27.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 41.1% below the Transportation median (#256 of 763)

No single metric tells the full story. See the SHSE:600221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Airlines Holding Co Business Description

Other Exchanges 900945:China
Address No. 9 Meilan Airport Road, Building 21, Comprehensive Office Building, Hainan Airlines Haikou Meilan Base, Meilan District, Hainan Province, Haikou, CHN, 571126
Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in operating approved domestic air passenger and cargo transportation business, as well as business charter flight business to neighboring countries and regions. It is also engaged in the production of in-flight supplies, aviation equipment, aviation ground equipment and spare parts, terminal services and operations, and provides insurance agency services.
65GF Score

Get the complete analysis for SHSE:600221

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

¥1.33
Price
¥1.83
GF Value