Shanghai Fudan Forward S&T Co (SHSE:600624) Cyclically Adjusted PS Ratio: 3.25 (As of Aug. 18, 2026) — 25% Below Median

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SHSE:600624 Shanghai Fudan Forward S&T Co Ltd SHSE:600624
39 GF Score
Price ¥4.32
GF Value ¥4.95
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shanghai Fudan Forward S&T Co Cyclically Adjusted PS Ratio?

Shanghai Fudan Forward S&T Co SHSE:600624 +0.93% 39 Cyclically Adjusted PS Ratio is 3.25 as of Aug. 18, 2026, which is 25% below its 10-year median of 4.34. GuruFocus rates SHSE:600624 with a GF Score™ of 39/100 and a GF Value™ of ¥4.95 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 459 Conglomerates companies, Shanghai Fudan Forward S&T Co ranks worse than 82.79% on this metric.

As of today (2026-08-18), Shanghai Fudan Forward S&T Co's current share price is ¥4.32. Shanghai Fudan Forward S&T Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥1.33. Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio for today is 3.25.

The historical rank and industry rank for Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:600624' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.94   Med: 4.34   Max: 10.24
Current: 3.1

During the past years, Shanghai Fudan Forward S&T Co's highest Cyclically Adjusted PS Ratio was 10.24. The lowest was 1.94. And the median was 4.34.

SHSE:600624's Cyclically Adjusted PS Ratio is ranked worse than
82.79% of 459 companies
in the Conglomerates industry
Industry Median: 0.77 vs SHSE:600624: 3.10

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.

Shanghai Fudan Forward S&T Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.220. 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 ¥1.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Fudan Forward S&T Co  (SHSE:600624) 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.


Shanghai Fudan Forward S&T Co Cyclically Adjusted PS Ratio Related Terms


Shanghai Fudan Forward S&T Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Fudan Forward S&T 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.

Shanghai Fudan Forward S&T Co Cyclically Adjusted PS Ratio Chart

Shanghai Fudan Forward S&T 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 3.60 3.81 4.74 3.96

Shanghai Fudan Forward S&T 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 5.28 5.22 3.82 3.96 3.49

SHSE:600624 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Shanghai Fudan Forward S&T 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.


Shanghai Fudan Forward S&T Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600624
39GF Score
Shanghai Fudan Forward S&T Co Ltd SHSE:600624
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Fudan Forward S&T 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.

Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.32/1.33
=3.25

* 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.

Shanghai Fudan Forward S&T Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanghai Fudan Forward S&T 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)
=0.22/116.3033*116.3033
=0.220

Current CPI (Mar. 2026) = 116.3033.

Shanghai Fudan Forward S&T Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.302 101.400 0.346
201609 0.277 102.400 0.315
201612 0.251 102.600 0.285
201703 0.248 103.200 0.279
201706 0.251 103.100 0.283
201709 0.292 104.100 0.326
201712 0.281 104.500 0.313
201803 0.338 105.300 0.373
201806 0.333 104.900 0.369
201809 0.404 106.600 0.441
201812 0.389 106.500 0.425
201903 0.745 107.700 0.805
201906 0.506 107.700 0.546
201909 0.415 109.800 0.440
201912 0.393 111.200 0.411
202003 0.307 112.300 0.318
202006 0.339 110.400 0.357
202009 0.396 111.700 0.412
202012 0.324 111.500 0.338
202103 0.363 112.662 0.375
202106 0.363 111.769 0.378
202109 0.411 112.215 0.426
202112 0.379 113.108 0.390
202203 0.319 114.335 0.324
202206 0.288 114.558 0.292
202209 0.214 115.339 0.216
202212 0.363 115.116 0.367
202303 0.213 115.116 0.215
202306 0.300 114.558 0.305
202309 0.256 115.339 0.258
202312 0.239 114.781 0.242
202403 0.227 115.227 0.229
202406 0.239 114.781 0.242
202409 0.230 115.785 0.231
202412 0.249 114.893 0.252
202503 0.238 115.116 0.240
202506 0.222 114.907 0.225
202509 0.270 115.471 0.272
202512 0.215 115.832 0.216
202603 0.220 116.303 0.220

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 3.25 mean?
Shanghai Fudan Forward S&T Co (SHSE:600624) has a Cyclically Adjusted PS Ratio of 3.25 as of Aug. 18, 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 Shanghai Fudan Forward S&T Co and its competitors. This is 25% below median its historical median of 4.34. Over the past decade, Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio has ranged from 1.94 to 10.24. According to the industry distribution chart, Shanghai Fudan Forward S&T Co ranks #380 out of 459 companies in the Conglomerates industry, placing it in the top 82.8%.
Is Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio too high?
Shanghai Fudan Forward S&T Co's current Cyclically Adjusted PS Ratio of 3.25 is 25% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 10.24. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. Shanghai Fudan Forward S&T Co's value of 3.25 is 322.1% above this industry median. Based on the distribution chart, Shanghai Fudan Forward S&T Co ranks #380 out of 459 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Shanghai Fudan Forward S&T Co has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Fudan Forward S&T Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shanghai Fudan Forward S&T Co ranks #380 out of 459 companies for Cyclically Adjusted PS Ratio. This places Shanghai Fudan Forward S&T Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Shanghai Fudan Forward S&T Co's value of 3.25 is 322.1% above this benchmark. Historically, Shanghai Fudan Forward S&T Co's own Cyclically Adjusted PS Ratio has ranged from 1.94 to 10.24 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 0.77, Shanghai Fudan Forward S&T 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 459 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. Shanghai Fudan Forward S&T Co's current Cyclically Adjusted PS Ratio of 3.25 is 322.1% 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 Shanghai Fudan Forward S&T Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Fudan Forward S&T Co's current Cyclically Adjusted PS Ratio is 3.25, which is 25% below median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Fudan Forward S&T Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Fudan Forward S&T Co (SHSE:600624) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.95, compared to a current price of ¥4.32 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.25, which is 25% below median its 10-year median of 4.34 and 322.1% above the Conglomerates industry median of 0.77. Shanghai Fudan Forward S&T Co's overall GF Score™ is 39/100 with 5 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 Shanghai Fudan Forward S&T Co (SHSE:600624), the current Cyclically Adjusted PS Ratio is 3.25 as of Aug. 18, 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 Shanghai Fudan Forward S&T Co (SHSE:600624) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Fudan Forward S&T Co stock appears to be undervalued. The current stock price of ¥4.32 is trading 12.7% below its estimated GF Value™ of ¥4.95. GuruFocus considers Shanghai Fudan Forward S&T Co to be Modestly Undervalued.

Key valuation signals for SHSE:600624:

  • Cyclically Adjusted PS Ratio: 3.25 (25% below median its 10-year median of 4.34)
  • GF Value™: ¥4.95 vs. price of ¥4.32 (12.7% below fair value)
  • GF Score™: 39/100 with 5 warning signs
  • Industry Position: 322.1% above the Conglomerates median (#380 of 459)

No single metric tells the full story. See the SHSE:600624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Fudan Forward S&T Co Business Description

Address No. 525 Guoquan Road, Fuhua Technology Building, Shanghai, Shanghai, CHN, 200433
Shanghai Fudan Forward S&T Co Ltd is a multi-industry, cross-regional, export-oriented and multi-functional comprehensive enterprise integrating domestic and foreign trade, textile new materials, automobile interiors, real estate and other industries.
39GF Score

Get the complete analysis for SHSE:600624

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

¥4.32
Price
¥4.95
GF Value