Hla Group (SHSE:600398) Cyclically Adjusted PS Ratio: 1.29 (As of Aug. 15, 2026) — 30% Below Median

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SHSE:600398 Hla Group Corp Ltd SHSE:600398
89 GF Score
Price ¥5.91
GF Value ¥7.79
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hla Group Cyclically Adjusted PS Ratio?

Hla Group SHSE:600398 -1.34% 89 Cyclically Adjusted PS Ratio is 1.29 as of Aug. 15, 2026, which is 30% below its 10-year median of 1.85. GuruFocus rates SHSE:600398 with a GF Score™ of 89/100 and a GF Value™ of ¥7.79 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 883 Manufacturing - Apparel & Accessories companies, Hla Group ranks worse than 69.99% on this metric.

As of today (2026-08-15), Hla Group's current share price is ¥5.91. Hla Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥4.58. Hla Group's Cyclically Adjusted PS Ratio for today is 1.29.

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

SHSE:600398' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.85   Max: 5.05
Current: 1.29

During the past years, Hla Group's highest Cyclically Adjusted PS Ratio was 5.05. The lowest was 1.01. And the median was 1.85.

SHSE:600398's Cyclically Adjusted PS Ratio is ranked worse than
69.99% of 883 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.65 vs SHSE:600398: 1.29

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.

Hla Group's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥1.403. 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 ¥4.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hla Group  (SHSE:600398) 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.


Hla Group Cyclically Adjusted PS Ratio Related Terms


Hla Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hla Group'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.

Hla Group Cyclically Adjusted PS Ratio Chart

Hla Group 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 1.65 1.29 1.71 1.68 1.33

Hla Group 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 1.76 1.54 1.43 1.33 1.43

SHSE:600398 vs RL, LEVI, VFC: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Hla Group'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.


Hla Group Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hla Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hla Group's Cyclically Adjusted PS Ratio falls into.


SHSE:600398
89GF Score
Hla Group Corp Ltd SHSE:600398
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hla Group 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.

Hla Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.91/4.58
=1.29

* 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.

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

For example, Hla Group'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)
=1.403/116.3033*116.3033
=1.403

Current CPI (Mar. 2026) = 116.3033.

Hla Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.802 101.400 0.920
201609 0.773 102.400 0.878
201612 1.113 102.600 1.262
201703 1.124 103.200 1.267
201706 0.944 103.100 1.065
201709 0.709 104.100 0.792
201712 1.255 104.500 1.397
201803 1.279 105.300 1.413
201806 0.948 104.900 1.051
201809 0.700 106.600 0.764
201812 1.330 106.500 1.452
201903 1.309 107.700 1.414
201906 1.010 107.700 1.091
201909 0.889 109.800 0.942
201912 1.606 111.200 1.680
202003 0.912 112.300 0.945
202006 0.809 110.400 0.852
202009 0.965 111.700 1.005
202012 1.521 111.500 1.587
202103 1.239 112.662 1.279
202106 0.980 111.769 1.020
202109 0.839 112.215 0.870
202112 1.451 113.108 1.492
202203 1.153 114.335 1.173
202206 0.937 114.558 0.951
202209 0.958 115.339 0.966
202212 1.085 115.116 1.096
202303 1.203 115.116 1.215
202306 1.199 114.558 1.217
202309 0.961 115.339 0.969
202312 1.303 114.781 1.320
202403 1.393 115.227 1.406
202406 1.056 114.781 1.070
202409 0.844 115.785 0.848
202412 1.184 114.893 1.199
202503 1.257 115.116 1.270
202506 1.123 114.907 1.137
202509 0.849 115.471 0.855
202512 1.223 115.832 1.228
202603 1.403 116.303 1.403

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 1.29 mean?
Hla Group (SHSE:600398) has a Cyclically Adjusted PS Ratio of 1.29 as of Aug. 15, 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 Hla Group and its competitors. This is 30% below median its historical median of 1.85. Over the past decade, Hla Group's Cyclically Adjusted PS Ratio has ranged from 1.01 to 5.05. According to the industry distribution chart, Hla Group ranks #618 out of 883 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70%.
Is Hla Group's Cyclically Adjusted PS Ratio too high?
Hla Group's current Cyclically Adjusted PS Ratio of 1.29 is 30% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 5.05. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.65. Hla Group's value of 1.29 is 98.5% above this industry median. Based on the distribution chart, Hla Group ranks #618 out of 883 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Hla Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hla Group's Cyclically Adjusted PS Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hla Group ranks #618 out of 883 companies for Cyclically Adjusted PS Ratio. This places Hla Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.65. Hla Group's value of 1.29 is 98.5% above this benchmark. Historically, Hla Group's own Cyclically Adjusted PS Ratio has ranged from 1.01 to 5.05 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 0.65, Hla Group 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.65, based on 883 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. Hla Group's current Cyclically Adjusted PS Ratio of 1.29 is 98.5% 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 Hla Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hla Group's current Cyclically Adjusted PS Ratio is 1.29, which is 30% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hla Group stock overvalued right now?
Based on GuruFocus' analysis, Hla Group (SHSE:600398) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.79, compared to a current price of ¥5.91 — trading 24.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.29, which is 30% below median its 10-year median of 1.85 and 98.5% above the Manufacturing - Apparel & Accessories industry median of 0.65. Hla Group's overall GF Score™ is 89/100 with 2 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 Hla Group (SHSE:600398), the current Cyclically Adjusted PS Ratio is 1.29 as of Aug. 15, 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 Hla Group (SHSE:600398) Overvalued in 2026?

Based on GuruFocus' analysis, Hla Group stock appears to be undervalued. The current stock price of ¥5.91 is trading 24.1% below its estimated GF Value™ of ¥7.79. GuruFocus considers Hla Group to be Modestly Undervalued.

Key valuation signals for SHSE:600398:

  • Cyclically Adjusted PS Ratio: 1.29 (30% below median its 10-year median of 1.85)
  • GF Value™: ¥7.79 vs. price of ¥5.91 (24.1% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 98.5% above the Manufacturing - Apparel & Accessories median (#618 of 883)

No single metric tells the full story. See the SHSE:600398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hla Group Business Description

Address Xinqiao Town, Jiangsu Province, Jiangyin, CHN, 214421
Hla Group Corp Ltd is a Chinese clothing company. Its businesses include the operation of brand clothes, the production, and sales of upscale suits and professional clothing. Its brand clothing management includes brand management, supply chain management, and marketing network management. The company operates product brands including HLA, HLA Group Buying, OVV, Yingshi YeeHoO, and HLA Optimal Selection. The company offers men's clothing, women's clothing, and accessories.
89GF Score

Get the complete analysis for SHSE:600398

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

¥5.91
Price
¥7.79
GF Value