Tsingtao Brewery Co (SHSE:600600) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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SHSE:600600 Tsingtao Brewery Co Ltd SHSE:600600
85 GF Score
Price ¥50.21
GF Value ¥68.37
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Tsingtao Brewery Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsingtao Brewery Co  (SHSE:600600) 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.


Tsingtao Brewery Co Cyclically Adjusted PS Ratio Related Terms


Tsingtao Brewery Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Cyclically Adjusted PS Ratio Chart

Tsingtao Brewery 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 4.81 5.11 3.55 3.86 2.89

Tsingtao Brewery Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.08 2.91 2.69 2.69 2.28

SHSE:600600 vs STZ: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600600
85GF Score
Tsingtao Brewery Co Ltd SHSE:600600
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsingtao Brewery 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.

Tsingtao Brewery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tsingtao Brewery Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.868/116.0564*116.0564
=6.868

Current CPI (Jun. 2026) = 116.0564.

Tsingtao Brewery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.136 102.400 6.954
201612 2.272 102.600 2.570
201703 5.211 103.200 5.860
201706 5.938 103.100 6.684
201709 6.160 104.100 6.868
201712 2.141 104.500 2.378
201803 5.368 105.300 5.916
201806 5.849 104.900 6.471
201809 6.282 106.600 6.839
201812 2.172 106.500 2.367
201903 5.886 107.700 6.343
201906 6.365 107.700 6.859
201909 6.178 109.800 6.530
201912 2.285 111.200 2.385
202003 4.658 112.300 4.814
202006 6.948 110.400 7.304
202009 6.472 111.700 6.724
202012 2.471 111.500 2.572
202103 6.587 112.662 6.785
202106 6.931 111.769 7.197
202109 6.251 112.215 6.465
202112 2.513 113.108 2.579
202203 6.778 114.335 6.880
202206 7.404 114.558 7.501
202209 6.668 115.339 6.709
202212 2.259 115.116 2.277
202303 7.864 115.116 7.928
202306 7.990 114.558 8.095
202309 6.392 115.339 6.432
202312 2.176 114.781 2.200
202403 7.465 115.227 7.519
202406 7.263 114.781 7.344
202409 6.517 115.785 6.532
202412 2.330 114.893 2.354
202503 7.657 115.116 7.720
202506 7.364 114.907 7.438
202509 6.506 115.471 6.539
202512 2.277 115.832 2.281
202603 7.539 116.303 7.523
202606 6.868 116.056 6.868

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.

Is Tsingtao Brewery Co (SHSE:600600) Overvalued in 2026?

Based on GuruFocus' analysis, Tsingtao Brewery Co stock appears to be undervalued. The current stock price of ¥50.21 is trading 26.6% below its estimated GF Value™ of ¥68.37. GuruFocus considers Tsingtao Brewery Co to be Modestly Undervalued.

Key valuation signals for SHSE:600600:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ¥68.37 vs. price of ¥50.21 (26.6% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsingtao Brewery Co Business Description

Address No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its core Tsingtao brand. The company commands a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2024. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.
85GF Score

Get the complete analysis for SHSE:600600

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

¥50.21
Price
¥68.37
GF Value