Shanxi Huayang New Material Co (SHSE:600281) Cyclically Adjusted PS Ratio: 3.53 (As of Aug. 06, 2026) — 197% Above Median

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SHSE:600281 Shanxi Huayang New Material Co Ltd SHSE:600281
35 GF Score
Price ¥4.34
GF Value ¥6.73
Valuation Possible Value Trap
! 4 Warning Signs
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What is Shanxi Huayang New Material Co Cyclically Adjusted PS Ratio?

Shanxi Huayang New Material Co SHSE:600281 +1.17% 35 Cyclically Adjusted PS Ratio is 3.53 as of Aug. 06, 2026, which is 197% above its 10-year median of 1.19. GuruFocus rates SHSE:600281 with a GF Score™ of 35/100 and a GF Value™ of ¥6.73 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,276 Chemicals companies, Shanxi Huayang New Material Co ranks worse than 76.49% on this metric.

As of today (2026-08-06), Shanxi Huayang New Material Co's current share price is ¥4.34. Shanxi Huayang New Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥1.23. Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio for today is 3.53.

The historical rank and industry rank for Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600281' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.19   Max: 6.12
Current: 3.08

During the past years, Shanxi Huayang New Material Co's highest Cyclically Adjusted PS Ratio was 6.12. The lowest was 0.58. And the median was 1.19.

SHSE:600281's Cyclically Adjusted PS Ratio is ranked worse than
76.49% of 1276 companies
in the Chemicals industry
Industry Median: 1.29 vs SHSE:600281: 3.08

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.

Shanxi Huayang New Material Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.275. 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 ¥1.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanxi Huayang New Material Co  (SHSE:600281) 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.


Shanxi Huayang New Material Co Cyclically Adjusted PS Ratio Related Terms


Shanxi Huayang New Material Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanxi Huayang New Material 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.

Shanxi Huayang New Material Co Cyclically Adjusted PS Ratio Chart

Shanxi Huayang New Material 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 1.47 1.42 1.91 2.00 4.86

Shanxi Huayang New Material 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 2.25 5.84 5.09 4.86 4.38

SHSE:600281 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Shanxi Huayang New Material 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.


Shanxi Huayang New Material Co Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600281
35GF Score
Shanxi Huayang New Material Co Ltd SHSE:600281
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanxi Huayang New Material 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.

Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.34/1.23
=3.53

* 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.

Shanxi Huayang New Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanxi Huayang New Material 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)
=0.275/116.3033*116.3033
=0.275

Current CPI (Mar. 2026) = 116.3033.

Shanxi Huayang New Material Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.625 101.400 0.717
201609 1.215 102.400 1.380
201612 1.055 102.600 1.196
201703 0.246 103.200 0.277
201706 0.385 103.100 0.434
201709 0.725 104.100 0.810
201712 0.339 104.500 0.377
201803 0.268 105.300 0.296
201806 0.351 104.900 0.389
201809 0.415 106.600 0.453
201812 0.332 106.500 0.363
201903 0.182 107.700 0.197
201906 0.208 107.700 0.225
201909 0.230 109.800 0.244
201912 0.433 111.200 0.453
202003 0.409 112.300 0.424
202006 0.123 110.400 0.130
202009 0.114 111.700 0.119
202012 0.110 111.500 0.115
202103 0.159 112.662 0.164
202106 0.165 111.769 0.172
202109 0.150 112.215 0.155
202112 0.070 113.108 0.072
202203 0.190 114.335 0.193
202206 0.169 114.558 0.172
202209 0.264 115.339 0.266
202212 0.018 115.116 0.018
202303 0.169 115.116 0.171
202306 0.206 114.558 0.209
202309 0.105 115.339 0.106
202312 0.046 114.781 0.047
202403 0.081 115.227 0.082
202406 0.242 114.781 0.245
202409 0.160 115.785 0.161
202412 0.269 114.893 0.272
202503 0.180 115.116 0.182
202506 0.113 114.907 0.114
202509 0.340 115.471 0.342
202512 0.247 115.832 0.248
202603 0.275 116.303 0.275

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 3.53 mean?
Shanxi Huayang New Material Co (SHSE:600281) has a Cyclically Adjusted PS Ratio of 3.53 as of Aug. 06, 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 Shanxi Huayang New Material Co and its competitors. This is 197% above median its historical median of 1.19. Over the past decade, Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio has ranged from 0.58 to 6.12. According to the industry distribution chart, Shanxi Huayang New Material Co ranks #976 out of 1276 companies in the Chemicals industry, placing it in the top 76.5%.
Is Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio too high?
Shanxi Huayang New Material Co's current Cyclically Adjusted PS Ratio of 3.53 is 197% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 6.12. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.29. Shanxi Huayang New Material Co's value of 3.53 is 173.6% above this industry median. Based on the distribution chart, Shanxi Huayang New Material Co ranks #976 out of 1276 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shanxi Huayang New Material Co has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanxi Huayang New Material Co's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Shanxi Huayang New Material Co ranks #976 out of 1276 companies for Cyclically Adjusted PS Ratio. This places Shanxi Huayang New Material Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.29. Shanxi Huayang New Material Co's value of 3.53 is 173.6% above this benchmark. Historically, Shanxi Huayang New Material Co's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 6.12 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.29, Shanxi Huayang New Material 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.29, based on 1,276 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. Shanxi Huayang New Material Co's current Cyclically Adjusted PS Ratio of 3.53 is 173.6% 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 Shanxi Huayang New Material Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Huayang New Material Co's current Cyclically Adjusted PS Ratio is 3.53, which is 197% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Huayang New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Huayang New Material Co (SHSE:600281) is currently considered Possible Value Trap. The stock's GF Value™ is ¥6.73, compared to a current price of ¥4.34 — trading 35.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.53, which is 197% above median its 10-year median of 1.19 and 173.6% above the Chemicals industry median of 1.29. Shanxi Huayang New Material Co's overall GF Score™ is 35/100 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 Shanxi Huayang New Material Co (SHSE:600281), the current Cyclically Adjusted PS Ratio is 3.53 as of Aug. 06, 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 Shanxi Huayang New Material Co (SHSE:600281) Overvalued in 2026?

Based on GuruFocus' analysis, Shanxi Huayang New Material Co stock appears to be undervalued. The current stock price of ¥4.34 is trading 35.5% below its estimated GF Value™ of ¥6.73. GuruFocus considers Shanxi Huayang New Material Co to be Possible Value Trap.

Key valuation signals for SHSE:600281:

  • Cyclically Adjusted PS Ratio: 3.53 (197% above median its 10-year median of 1.19)
  • GF Value™: ¥6.73 vs. price of ¥4.34 (35.5% below fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 173.6% above the Chemicals median (#976 of 1276)

No single metric tells the full story. See the SHSE:600281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanxi Huayang New Material Co Business Description

Address No. 20 Yijing Street, Taiyuan, CHN, 030021
Shanxi Huayang New Material Co Ltd Taiyuan Chemical Industry Co Ltd is engaged in the research, production, and sale of chemical products. Its main products are deep coke processing products, chemical fertilizers, coal tar processing products, and biochemical products.
35GF Score

Get the complete analysis for SHSE:600281

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

¥4.34
Price
¥6.73
GF Value