Huadian Liaoning Energy Development Co (SHSE:600396) Cyclically Adjusted PS Ratio: 3.80 (As of Aug. 06, 2026) — 709% Above Median

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SHSE:600396 Huadian Liaoning Energy Development Co Ltd SHSE:600396
29 GF Score
Price ¥17.35
GF Value ¥2.39
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Huadian Liaoning Energy Development Co Cyclically Adjusted PS Ratio?

Huadian Liaoning Energy Development Co SHSE:600396 -1.03% 29 Cyclically Adjusted PS Ratio is 3.80 as of Aug. 06, 2026, which is 709% above its 10-year median of 0.47. GuruFocus rates SHSE:600396 with a GF Score™ of 29/100 and a GF Value™ of ¥2.39 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 441 Utilities - Regulated companies, Huadian Liaoning Energy Development Co ranks worse than 80.5% on this metric.

As of today (2026-08-06), Huadian Liaoning Energy Development Co's current share price is ¥17.35. Huadian Liaoning Energy Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥4.57. Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio for today is 3.80.

The historical rank and industry rank for Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600396' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.47   Max: 4.38
Current: 3.23

During the past years, Huadian Liaoning Energy Development Co's highest Cyclically Adjusted PS Ratio was 4.38. The lowest was 0.30. And the median was 0.47.

SHSE:600396's Cyclically Adjusted PS Ratio is ranked worse than
80.5% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.42 vs SHSE:600396: 3.23

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.

Huadian Liaoning Energy Development Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.956. 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 ¥4.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huadian Liaoning Energy Development Co  (SHSE:600396) 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.


Huadian Liaoning Energy Development Co Cyclically Adjusted PS Ratio Related Terms


Huadian Liaoning Energy Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Huadian Liaoning Energy Development 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.

Huadian Liaoning Energy Development Co Cyclically Adjusted PS Ratio Chart

Huadian Liaoning Energy Development 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 0.57 0.49 0.47 0.56 0.62

Huadian Liaoning Energy Development 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 0.53 0.62 0.67 0.62 1.83

SHSE:600396 vs SRE: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Diversified subindustry, Huadian Liaoning Energy Development 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.


Huadian Liaoning Energy Development Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600396
29GF Score
Huadian Liaoning Energy Development Co Ltd SHSE:600396
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Huadian Liaoning Energy Development 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.

Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.35/4.57
=3.80

* 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.

Huadian Liaoning Energy Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Huadian Liaoning Energy Development 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)
=0.956/116.3033*116.3033
=0.956

Current CPI (Mar. 2026) = 116.3033.

Huadian Liaoning Energy Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.946 101.400 1.085
201609 1.212 102.400 1.377
201612 1.215 102.600 1.377
201703 1.154 103.200 1.301
201706 1.024 103.100 1.155
201709 1.244 104.100 1.390
201712 1.268 104.500 1.411
201803 1.321 105.300 1.459
201806 1.014 104.900 1.124
201809 1.335 106.600 1.457
201812 1.176 106.500 1.284
201903 1.366 107.700 1.475
201906 1.029 107.700 1.111
201909 1.143 109.800 1.211
201912 1.420 111.200 1.485
202003 1.373 112.300 1.422
202006 0.956 110.400 1.007
202009 1.196 111.700 1.245
202012 1.441 111.500 1.503
202103 1.378 112.662 1.423
202106 0.809 111.769 0.842
202109 0.906 112.215 0.939
202112 1.372 113.108 1.411
202203 1.483 114.335 1.509
202206 0.840 114.558 0.853
202209 1.106 115.339 1.115
202212 1.412 115.116 1.427
202303 1.376 115.116 1.390
202306 0.932 114.558 0.946
202309 1.047 115.339 1.056
202312 0.905 114.781 0.917
202403 0.900 115.227 0.908
202406 0.555 114.781 0.562
202409 0.660 115.785 0.663
202412 0.910 114.893 0.921
202503 0.889 115.116 0.898
202506 0.487 114.907 0.493
202509 0.750 115.471 0.755
202512 0.823 115.832 0.826
202603 0.956 116.303 0.956

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 3.80 mean?
Huadian Liaoning Energy Development Co (SHSE:600396) has a Cyclically Adjusted PS Ratio of 3.80 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 Huadian Liaoning Energy Development Co and its competitors. This is 709% above median its historical median of 0.47. Over the past decade, Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio has ranged from 0.30 to 4.38. According to the industry distribution chart, Huadian Liaoning Energy Development Co ranks #355 out of 441 companies in the Utilities - Regulated industry, placing it in the top 80.5%.
Is Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio too high?
Huadian Liaoning Energy Development Co's current Cyclically Adjusted PS Ratio of 3.80 is 709% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 4.38. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.42. Huadian Liaoning Energy Development Co's value of 3.80 is 167.6% above this industry median. Based on the distribution chart, Huadian Liaoning Energy Development Co ranks #355 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Huadian Liaoning Energy Development Co has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huadian Liaoning Energy Development Co's Cyclically Adjusted PS Ratio compare to SRE?
According to the Utilities - Regulated industry distribution chart, Huadian Liaoning Energy Development Co ranks #355 out of 441 companies for Cyclically Adjusted PS Ratio. This places Huadian Liaoning Energy Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.42. Huadian Liaoning Energy Development Co's value of 3.80 is 167.6% above this benchmark. Historically, Huadian Liaoning Energy Development Co's own Cyclically Adjusted PS Ratio has ranged from 0.30 to 4.38 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.42, Huadian Liaoning Energy Development 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 1.42, based on 441 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. Huadian Liaoning Energy Development Co's current Cyclically Adjusted PS Ratio of 3.80 is 167.6% 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 Huadian Liaoning Energy Development Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huadian Liaoning Energy Development Co's current Cyclically Adjusted PS Ratio is 3.80, which is 709% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huadian Liaoning Energy Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co (SHSE:600396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.39, compared to a current price of ¥17.35 — trading 625.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.80, which is 709% above median its 10-year median of 0.47 and 167.6% above the Utilities - Regulated industry median of 1.42. Huadian Liaoning Energy Development Co's overall GF Score™ is 29/100 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 Huadian Liaoning Energy Development Co (SHSE:600396), the current Cyclically Adjusted PS Ratio is 3.80 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 Huadian Liaoning Energy Development Co (SHSE:600396) Overvalued in 2026?

Based on GuruFocus' analysis, Huadian Liaoning Energy Development Co stock appears to be overvalued. The current stock price of ¥17.35 is trading 625.9% above its estimated GF Value™ of ¥2.39. GuruFocus considers Huadian Liaoning Energy Development Co to be Significantly Overvalued.

Key valuation signals for SHSE:600396:

  • Cyclically Adjusted PS Ratio: 3.80 (709% above median its 10-year median of 0.47)
  • GF Value™: ¥2.39 vs. price of ¥17.35 (625.9% above fair value)
  • GF Score™: 29/100 with 4 warning signs
  • Industry Position: 167.6% above the Utilities - Regulated median (#355 of 441)

No single metric tells the full story. See the SHSE:600396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huadian Liaoning Energy Development Co Business Description

Address No. 2, Yingchun Street, Sujiatun, Liaoning, Shenyang, CHN, 110006
Huadian Liaoning Energy Development Co Ltd is engaged in Thermal power generation; heating, and heat supply.
29GF Score

Get the complete analysis for SHSE:600396

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

¥17.35
Price
¥2.39
GF Value