China National Software & Service Co (SHSE:600536) Cyclically Adjusted PS Ratio: 3.61 (As of Aug. 10, 2026) — 24% Below Median

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SHSE:600536 China National Software & Service Co Ltd SHSE:600536
61 GF Score
Price ¥32.40
GF Value ¥35.79
Valuation Fairly Valued
! 4 Warning Signs
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What is China National Software & Service Co Cyclically Adjusted PS Ratio?

China National Software & Service Co SHSE:600536 +0.71% 61 Cyclically Adjusted PS Ratio is 3.61 as of Aug. 10, 2026, which is 24% below its 10-year median of 4.78. GuruFocus rates SHSE:600536 with a GF Score™ of 61/100 and a GF Value™ of ¥35.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,607 Software companies, China National Software & Service Co ranks worse than 69.14% on this metric.

As of today (2026-08-10), China National Software & Service Co's current share price is ¥32.40. China National Software & Service Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥8.98. China National Software & Service Co's Cyclically Adjusted PS Ratio for today is 3.61.

The historical rank and industry rank for China National Software & Service Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600536' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.39   Med: 4.78   Max: 13.42
Current: 3.58

During the past years, China National Software & Service Co's highest Cyclically Adjusted PS Ratio was 13.42. The lowest was 1.39. And the median was 4.78.

SHSE:600536's Cyclically Adjusted PS Ratio is ranked worse than
69.14% of 1607 companies
in the Software industry
Industry Median: 1.67 vs SHSE:600536: 3.58

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.

China National Software & Service Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.770. 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 ¥8.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China National Software & Service Co  (SHSE:600536) 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.


China National Software & Service Co Cyclically Adjusted PS Ratio Related Terms


China National Software & Service Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China National Software & Service 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.

China National Software & Service Co Cyclically Adjusted PS Ratio Chart

China National Software & Service 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 4.27 5.48 4.19 5.32 5.17

China National Software & Service 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 4.90 5.27 5.57 5.17 4.04

SHSE:600536 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, China National Software & Service 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.


China National Software & Service Co Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, China National Software & Service Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China National Software & Service Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600536
61GF Score
China National Software & Service Co Ltd SHSE:600536
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China National Software & Service 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.

China National Software & Service Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.40/8.98
=3.61

* 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.

China National Software & Service Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China National Software & Service 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)
=0.77/116.3033*116.3033
=0.770

Current CPI (Mar. 2026) = 116.3033.

China National Software & Service Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.052 101.400 1.207
201609 1.031 102.400 1.171
201612 2.522 102.600 2.859
201703 0.993 103.200 1.119
201706 1.322 103.100 1.491
201709 1.279 104.100 1.429
201712 2.249 104.500 2.503
201803 0.682 105.300 0.753
201806 1.128 104.900 1.251
201809 1.369 106.600 1.494
201812 2.569 106.500 2.805
201903 1.213 107.700 1.310
201906 1.243 107.700 1.342
201909 1.403 109.800 1.486
201912 3.679 111.200 3.848
202003 0.728 112.300 0.754
202006 0.940 110.400 0.990
202009 0.998 111.700 1.039
202012 6.600 111.500 6.884
202103 1.225 112.662 1.265
202106 2.508 111.769 2.610
202109 2.693 112.215 2.791
202112 8.745 113.108 8.992
202203 2.402 114.335 2.443
202206 4.251 114.558 4.316
202209 3.906 115.339 3.939
202212 5.299 115.116 5.354
202303 1.900 115.116 1.920
202306 1.752 114.558 1.779
202309 1.869 115.339 1.885
202312 3.459 114.781 3.505
202403 0.825 115.227 0.833
202406 1.503 114.781 1.523
202409 1.132 115.785 1.137
202412 2.511 114.893 2.542
202503 0.794 115.116 0.802
202506 1.884 114.907 1.907
202509 1.012 115.471 1.019
202512 2.674 115.832 2.685
202603 0.770 116.303 0.770

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 3.61 mean?
China National Software & Service Co (SHSE:600536) has a Cyclically Adjusted PS Ratio of 3.61 as of Aug. 10, 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 China National Software & Service Co and its competitors. This is 24% below median its historical median of 4.78. Over the past decade, China National Software & Service Co's Cyclically Adjusted PS Ratio has ranged from 1.39 to 13.42. According to the industry distribution chart, China National Software & Service Co ranks #1111 out of 1607 companies in the Software industry, placing it in the top 69.1%.
Is China National Software & Service Co's Cyclically Adjusted PS Ratio too high?
China National Software & Service Co's current Cyclically Adjusted PS Ratio of 3.61 is 24% below median its 10-year median of 4.78. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 13.42. The Software industry median Cyclically Adjusted PS Ratio is 1.67. China National Software & Service Co's value of 3.61 is 116.2% above this industry median. Based on the distribution chart, China National Software & Service Co ranks #1111 out of 1607 companies in the Software industry, which is below the industry midpoint. Overall, China National Software & Service Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China National Software & Service Co's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, China National Software & Service Co ranks #1111 out of 1607 companies for Cyclically Adjusted PS Ratio. This places China National Software & Service Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. China National Software & Service Co's value of 3.61 is 116.2% above this benchmark. Historically, China National Software & Service Co's own Cyclically Adjusted PS Ratio has ranged from 1.39 to 13.42 over the past decade. While the company's 10-year median is 4.78 vs. the industry median of 1.67, China National Software & Service 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,607 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. China National Software & Service Co's current Cyclically Adjusted PS Ratio of 3.61 is 116.2% 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 China National Software & Service Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China National Software & Service Co's current Cyclically Adjusted PS Ratio is 3.61, which is 24% below median its own 10-year median of 4.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China National Software & Service Co stock overvalued right now?
Based on GuruFocus' analysis, China National Software & Service Co (SHSE:600536) is currently considered Fairly Valued. The stock's GF Value™ is ¥35.79, compared to a current price of ¥32.40 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.61, which is 24% below median its 10-year median of 4.78 and 116.2% above the Software industry median of 1.67. China National Software & Service Co's overall GF Score™ is 61/100 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 China National Software & Service Co (SHSE:600536), the current Cyclically Adjusted PS Ratio is 3.61 as of Aug. 10, 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 China National Software & Service Co (SHSE:600536) Overvalued in 2026?

Based on GuruFocus' analysis, China National Software & Service Co stock appears to be undervalued. The current stock price of ¥32.40 is trading 9.5% below its estimated GF Value™ of ¥35.79. GuruFocus considers China National Software & Service Co to be Fairly Valued.

Key valuation signals for SHSE:600536:

  • Cyclically Adjusted PS Ratio: 3.61 (24% below median its 10-year median of 4.78)
  • GF Value™: ¥35.79 vs. price of ¥32.40 (9.5% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 116.2% above the Software median (#1111 of 1607)

No single metric tells the full story. See the SHSE:600536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China National Software & Service Co Business Description

Address No. 18, Changsheng Road, Changping District, Beijing, CHN, 102200
China National Software & Service Co Ltd is a software company specializing in providing high-quality firmware, enterprise information systems software, and a broad portfolio of other IT and software development services.
61GF Score

Get the complete analysis for SHSE:600536

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

¥32.40
Price
¥35.79
GF Value