Shanghai Aiko Solar Energy Co (SHSE:600732) Cyclically Adjusted PS Ratio: 1.90 (As of Aug. 14, 2026) — 83% Below Median

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SHSE:600732 Shanghai Aiko Solar Energy Co Ltd SHSE:600732
77 GF Score
Price ¥11.84
GF Value ¥13.95
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Shanghai Aiko Solar Energy Co Cyclically Adjusted PS Ratio?

Shanghai Aiko Solar Energy Co SHSE:600732 -2.55% 77 Cyclically Adjusted PS Ratio is 1.90 as of Aug. 14, 2026, which is 83% below its 10-year median of 10.88. GuruFocus rates SHSE:600732 with a GF Score™ of 77/100 and a GF Value™ of ¥13.95 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 729 Semiconductors companies, Shanghai Aiko Solar Energy Co ranks better than 61.45% on this metric.

As of today (2026-08-14), Shanghai Aiko Solar Energy Co's current share price is ¥11.84. Shanghai Aiko Solar Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥6.23. Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio for today is 1.90.

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

SHSE:600732' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.56   Med: 10.88   Max: 19.77
Current: 1.9

During the past years, Shanghai Aiko Solar Energy Co's highest Cyclically Adjusted PS Ratio was 19.77. The lowest was 1.56. And the median was 10.88.

SHSE:600732's Cyclically Adjusted PS Ratio is ranked better than
61.45% of 729 companies
in the Semiconductors industry
Industry Median: 3.02 vs SHSE:600732: 1.90

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 Aiko Solar Energy Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥2.119. 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 ¥6.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Aiko Solar Energy Co  (SHSE:600732) 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 Aiko Solar Energy Co Cyclically Adjusted PS Ratio Related Terms


Shanghai Aiko Solar Energy Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Aiko Solar Energy 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 Aiko Solar Energy Co Cyclically Adjusted PS Ratio Chart

Shanghai Aiko Solar Energy 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 11.90 9.24 3.87 2.14 2.24

Shanghai Aiko Solar Energy 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 2.27 2.34 2.85 2.24 2.25

SHSE:600732 vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Shanghai Aiko Solar Energy 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 Aiko Solar Energy Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600732
77GF Score
Shanghai Aiko Solar Energy Co Ltd SHSE:600732
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Aiko Solar Energy 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 Aiko Solar Energy Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.84/6.23
=1.90

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

For example, Shanghai Aiko Solar Energy 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)
=2.119/116.3033*116.3033
=2.119

Current CPI (Mar. 2026) = 116.3033.

Shanghai Aiko Solar Energy Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.020 101.400 0.023
201609 0.015 102.400 0.017
201612 0.249 102.600 0.282
201703 0.010 103.200 0.011
201706 0.038 103.100 0.043
201709 0.012 104.100 0.013
201712 0.013 104.500 0.014
201803 0.018 105.300 0.020
201806 0.016 104.900 0.018
201809 0.175 106.600 0.191
201812 0.633 106.500 0.691
201903 0.604 107.700 0.652
201906 0.763 107.700 0.824
201909 0.463 109.800 0.490
201912 0.850 111.200 0.889
202003 0.654 112.300 0.677
202006 0.698 110.400 0.735
202009 0.818 111.700 0.852
202012 1.269 111.500 1.324
202103 1.067 112.662 1.101
202106 1.007 111.769 1.048
202109 1.457 112.215 1.510
202112 2.039 113.108 2.097
202203 2.706 114.335 2.753
202206 2.930 114.558 2.975
202209 3.935 115.339 3.968
202212 5.638 115.116 5.696
202303 4.195 115.116 4.238
202306 6.432 114.558 6.530
202309 3.443 115.339 3.472
202312 2.467 114.781 2.500
202403 1.378 115.227 1.391
202406 1.432 114.781 1.451
202409 1.513 115.785 1.520
202412 1.779 114.893 1.801
202503 2.203 115.116 2.226
202506 2.426 114.907 2.455
202509 1.702 115.471 1.714
202512 1.926 115.832 1.934
202603 2.119 116.303 2.119

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 1.90 mean?
Shanghai Aiko Solar Energy Co (SHSE:600732) has a Cyclically Adjusted PS Ratio of 1.90 as of Aug. 14, 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 Aiko Solar Energy Co and its competitors. This is 83% below median its historical median of 10.88. Over the past decade, Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio has ranged from 1.56 to 19.77. According to the industry distribution chart, Shanghai Aiko Solar Energy Co ranks #281 out of 729 companies in the Semiconductors industry, placing it in the top 38.5%.
Is Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio too high?
Shanghai Aiko Solar Energy Co's current Cyclically Adjusted PS Ratio of 1.90 is 83% below median its 10-year median of 10.88. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 19.77. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.02. Shanghai Aiko Solar Energy Co's value of 1.90 is 37.1% below this industry median. Based on the distribution chart, Shanghai Aiko Solar Energy Co ranks #281 out of 729 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Shanghai Aiko Solar Energy Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Aiko Solar Energy Co's Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Shanghai Aiko Solar Energy Co ranks #281 out of 729 companies for Cyclically Adjusted PS Ratio. This puts Shanghai Aiko Solar Energy Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.02. Shanghai Aiko Solar Energy Co's value of 1.90 is 37.1% below this benchmark. Historically, Shanghai Aiko Solar Energy Co's own Cyclically Adjusted PS Ratio has ranged from 1.56 to 19.77 over the past decade. While the company's 10-year median is 10.88 vs. the industry median of 3.02, Shanghai Aiko Solar Energy 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.02, based on 729 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 Aiko Solar Energy Co's current Cyclically Adjusted PS Ratio of 1.90 is 37.1% 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 Shanghai Aiko Solar Energy Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Aiko Solar Energy Co's current Cyclically Adjusted PS Ratio is 1.90, which is 83% below median its own 10-year median of 10.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Aiko Solar Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Aiko Solar Energy Co (SHSE:600732) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.95, compared to a current price of ¥11.84 — trading 15.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.90, which is 83% below median its 10-year median of 10.88 and 37.1% below the Semiconductors industry median of 3.02. Shanghai Aiko Solar Energy Co's overall GF Score™ is 77/100 with 6 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 Aiko Solar Energy Co (SHSE:600732), the current Cyclically Adjusted PS Ratio is 1.90 as of Aug. 14, 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 Aiko Solar Energy Co (SHSE:600732) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Aiko Solar Energy Co stock appears to be undervalued. The current stock price of ¥11.84 is trading 15.1% below its estimated GF Value™ of ¥13.95. GuruFocus considers Shanghai Aiko Solar Energy Co to be Modestly Undervalued.

Key valuation signals for SHSE:600732:

  • Cyclically Adjusted PS Ratio: 1.90 (83% below median its 10-year median of 10.88)
  • GF Value™: ¥13.95 vs. price of ¥11.84 (15.1% below fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 37.1% below the Semiconductors median (#281 of 729)

No single metric tells the full story. See the SHSE:600732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Aiko Solar Energy Co Business Description

Address No. 26, Qiuyue Road, Room 201-1, Building 4, Pudong New District, Shanghai, CHN, 201210
Shanghai Aiko Solar Energy Co Ltd is engaged in research, manufacturing and sales of crystalline silicon solar cells. The company's products include C&I Scenario COMET Series, Residential Scenario NEOSTAR Series, Lightweight module AIR and Utility Scenario STELLAR Series.
77GF Score

Get the complete analysis for SHSE:600732

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

¥11.84
Price
¥13.95
GF Value