Dashang Co (SHSE:600694) Cyclically Adjusted PS Ratio: 0.38 (As of Aug. 26, 2026) — 52% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600694 Dashang Co Ltd SHSE:600694
79 GF Score
Price ¥14.57
GF Value ¥15.49
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Dashang Co Cyclically Adjusted PS Ratio?

Dashang Co SHSE:600694 -0.61% 79 Cyclically Adjusted PS Ratio is 0.38 as of Aug. 26, 2026, which is 52% above its 10-year median of 0.25. GuruFocus rates SHSE:600694 with a GF Score™ of 79/100 and a GF Value™ of ¥15.49 (Fairly Valued). The stock has 4 warning signs investors should review. Among 803 Retail - Cyclical companies, Dashang Co ranks better than 60.4% on this metric.

As of today (2026-08-26), Dashang Co's current share price is ¥14.57. Dashang Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥38.52. Dashang Co's Cyclically Adjusted PS Ratio for today is 0.38.

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

SHSE:600694' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.25   Max: 0.48
Current: 0.37

During the past years, Dashang Co's highest Cyclically Adjusted PS Ratio was 0.48. The lowest was 0.17. And the median was 0.25.

SHSE:600694's Cyclically Adjusted PS Ratio is ranked better than
60.4% of 803 companies
in the Retail - Cyclical industry
Industry Median: 0.51 vs SHSE:600694: 0.37

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.

Dashang Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥5.236. 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 ¥38.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dashang Co  (SHSE:600694) 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.


Dashang Co Cyclically Adjusted PS Ratio Related Terms


Dashang Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dashang 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.

Dashang Co Cyclically Adjusted PS Ratio Chart

Dashang 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 0.21 0.21 0.23 0.46 0.40

Dashang 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 0.44 0.39 0.39 0.40 0.39

SHSE:600694 vs DDS: Cyclically Adjusted PS Ratio Comparison

For the Department Stores subindustry, Dashang 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.


Dashang Co Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dashang Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SHSE:600694
79GF Score
Dashang Co Ltd SHSE:600694
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dashang 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.

Dashang Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.57/38.52
=0.38

* 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.

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

For example, Dashang 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)
=5.236/116.3033*116.3033
=5.236

Current CPI (Mar. 2026) = 116.3033.

Dashang Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.720 101.400 19.177
201609 16.960 102.400 19.263
201612 16.387 102.600 18.576
201703 19.739 103.200 22.245
201706 16.252 103.100 18.333
201709 15.918 104.100 17.784
201712 16.384 104.500 18.235
201803 18.301 105.300 20.213
201806 15.029 104.900 16.663
201809 13.563 106.600 14.798
201812 14.050 106.500 15.343
201903 16.618 107.700 17.945
201906 13.532 107.700 14.613
201909 12.889 109.800 13.652
201912 13.095 111.200 13.696
202003 5.422 112.300 5.615
202006 4.756 110.400 5.010
202009 5.595 111.700 5.826
202012 5.472 111.500 5.708
202103 6.326 112.662 6.530
202106 4.964 111.769 5.165
202109 5.553 112.215 5.755
202112 4.994 113.108 5.135
202203 6.155 114.335 6.261
202206 5.294 114.558 5.375
202209 3.898 115.339 3.931
202212 4.078 115.116 4.120
202303 5.981 115.116 6.043
202306 5.545 114.558 5.629
202309 4.892 115.339 4.933
202312 3.420 114.781 3.465
202403 5.522 115.227 5.574
202406 4.167 114.781 4.222
202409 4.248 115.785 4.267
202412 4.385 114.893 4.439
202503 5.085 115.116 5.137
202506 3.834 114.907 3.881
202509 3.725 115.471 3.752
202512 3.593 115.832 3.608
202603 5.236 116.303 5.236

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 0.38 mean?
Dashang Co (SHSE:600694) has a Cyclically Adjusted PS Ratio of 0.38 as of Aug. 26, 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 Dashang Co and its competitors. This is 52% above median its historical median of 0.25. Over the past decade, Dashang Co's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.48. According to the industry distribution chart, Dashang Co ranks #318 out of 803 companies in the Retail - Cyclical industry, placing it in the top 39.6%.
Is Dashang Co's Cyclically Adjusted PS Ratio too high?
Dashang Co's current Cyclically Adjusted PS Ratio of 0.38 is 52% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.48. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.51. Dashang Co's value of 0.38 is 25.5% below this industry median. Based on the distribution chart, Dashang Co ranks #318 out of 803 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Dashang Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dashang Co's Cyclically Adjusted PS Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Dashang Co ranks #318 out of 803 companies for Cyclically Adjusted PS Ratio. This puts Dashang Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.51. Dashang Co's value of 0.38 is 25.5% below this benchmark. Historically, Dashang Co's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.48 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.51, Dashang Co has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.51, based on 803 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. Dashang Co's current Cyclically Adjusted PS Ratio of 0.38 is 25.5% below 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 Dashang Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dashang Co's current Cyclically Adjusted PS Ratio is 0.38, which is 52% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dashang Co stock overvalued right now?
Based on GuruFocus' analysis, Dashang Co (SHSE:600694) is currently considered Fairly Valued. The stock's GF Value™ is ¥15.49, compared to a current price of ¥14.57 — trading 5.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.38, which is 52% above median its 10-year median of 0.25 and 25.5% below the Retail - Cyclical industry median of 0.51. Dashang Co's overall GF Score™ is 79/100 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 Dashang Co (SHSE:600694), the current Cyclically Adjusted PS Ratio is 0.38 as of Aug. 26, 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 Dashang Co (SHSE:600694) Overvalued in 2026?

Based on GuruFocus' analysis, Dashang Co stock appears to be undervalued. The current stock price of ¥14.57 is trading 5.9% below its estimated GF Value™ of ¥15.49. GuruFocus considers Dashang Co to be Fairly Valued.

Key valuation signals for SHSE:600694:

  • Cyclically Adjusted PS Ratio: 0.38 (52% above median its 10-year median of 0.25)
  • GF Value™: ¥15.49 vs. price of ¥14.57 (5.9% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 25.5% below the Retail - Cyclical median (#318 of 803)

No single metric tells the full story. See the SHSE:600694 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dashang Co Business Description

Address No. 1 Qingshan Street, Zhongshan District, Dalian, Liaoning, CHN, 116001
Dashang Co Ltd is a China-based company that operates departmental stores.
79GF Score

Get the complete analysis for SHSE:600694

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

¥14.57
Price
¥15.49
GF Value