North China Pharmaceutical Co (SHSE:600812) Cyclically Adjusted PS Ratio: 0.77 (As of Aug. 22, 2026) — Near 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:600812 North China Pharmaceutical Co Ltd SHSE:600812
56 GF Score
Price ¥4.91
GF Value ¥4.84
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is North China Pharmaceutical Co Cyclically Adjusted PS Ratio?

North China Pharmaceutical Co SHSE:600812 -4.47% 56 Cyclically Adjusted PS Ratio is 0.77 as of Aug. 22, 2026, which is 9% below its 10-year median of 0.85. GuruFocus rates SHSE:600812 with a GF Score™ of 56/100 and a GF Value™ of ¥4.84 (Fairly Valued). The stock has 6 warning signs investors should review. Among 750 Drug Manufacturers companies, North China Pharmaceutical Co ranks better than 76.27% on this metric.

As of today (2026-08-22), North China Pharmaceutical Co's current share price is ¥4.91. North China Pharmaceutical Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥6.34. North China Pharmaceutical Co's Cyclically Adjusted PS Ratio for today is 0.77.

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

SHSE:600812' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.85   Max: 2.16
Current: 0.79

During the past years, North China Pharmaceutical Co's highest Cyclically Adjusted PS Ratio was 2.16. The lowest was 0.48. And the median was 0.85.

SHSE:600812's Cyclically Adjusted PS Ratio is ranked better than
76.27% of 750 companies
in the Drug Manufacturers industry
Industry Median: 2.045 vs SHSE:600812: 0.79

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.

North China Pharmaceutical Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥1.275. 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 ¥6.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


North China Pharmaceutical Co  (SHSE:600812) 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.


North China Pharmaceutical Co Cyclically Adjusted PS Ratio Related Terms


North China Pharmaceutical Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for North China Pharmaceutical 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.

North China Pharmaceutical Co Cyclically Adjusted PS Ratio Chart

North China Pharmaceutical 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 1.59 0.91 0.87 0.81 0.87

North China Pharmaceutical 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 0.97 0.98 0.92 0.87 0.86

SHSE:600812 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, North China Pharmaceutical 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.


North China Pharmaceutical Co Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, North China Pharmaceutical Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SHSE:600812
56GF Score
North China Pharmaceutical Co Ltd SHSE:600812
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North China Pharmaceutical 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.

North China Pharmaceutical Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.91/6.34
=0.77

* 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.

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

For example, North China Pharmaceutical 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)
=1.275/116.3033*116.3033
=1.275

Current CPI (Mar. 2026) = 116.3033.

North China Pharmaceutical Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.003 101.400 1.150
201609 1.282 102.400 1.456
201612 1.211 102.600 1.373
201703 1.282 103.200 1.445
201706 1.185 103.100 1.337
201709 1.120 104.100 1.251
201712 1.618 104.500 1.801
201803 1.490 105.300 1.646
201806 1.411 104.900 1.564
201809 1.403 106.600 1.531
201812 1.302 106.500 1.422
201903 1.645 107.700 1.776
201906 1.645 107.700 1.776
201909 1.558 109.800 1.650
201912 2.154 111.200 2.253
202003 1.424 112.300 1.475
202006 2.227 110.400 2.346
202009 1.940 111.700 2.020
202012 1.512 111.500 1.577
202103 1.660 112.662 1.714
202106 2.856 111.769 2.972
202109 1.611 112.215 1.670
202112 1.120 113.108 1.152
202203 1.487 114.335 1.513
202206 1.611 114.558 1.636
202209 1.470 115.339 1.482
202212 1.559 115.116 1.575
202303 1.472 115.116 1.487
202306 1.485 114.558 1.508
202309 1.607 115.339 1.620
202312 1.682 114.781 1.704
202403 1.550 115.227 1.564
202406 1.504 114.781 1.524
202409 1.374 115.785 1.380
202412 1.326 114.893 1.342
202503 1.522 115.116 1.538
202506 1.553 114.907 1.572
202509 1.271 115.471 1.280
202512 1.049 115.832 1.053
202603 1.275 116.303 1.275

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 0.77 mean?
North China Pharmaceutical Co (SHSE:600812) has a Cyclically Adjusted PS Ratio of 0.77 as of Aug. 22, 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 North China Pharmaceutical Co and its competitors. This is near median its historical median of 0.85. Over the past decade, North China Pharmaceutical Co's Cyclically Adjusted PS Ratio has ranged from 0.48 to 2.16. According to the industry distribution chart, North China Pharmaceutical Co ranks #178 out of 750 companies in the Drug Manufacturers industry, placing it in the top 23.7%.
Is North China Pharmaceutical Co's Cyclically Adjusted PS Ratio too high?
North China Pharmaceutical Co's current Cyclically Adjusted PS Ratio of 0.77 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.16. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. North China Pharmaceutical Co's value of 0.77 is 62.3% below this industry median. Based on the distribution chart, North China Pharmaceutical Co ranks #178 out of 750 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, North China Pharmaceutical Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does North China Pharmaceutical Co's Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, North China Pharmaceutical Co ranks #178 out of 750 companies for Cyclically Adjusted PS Ratio. This places North China Pharmaceutical Co in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.05. North China Pharmaceutical Co's value of 0.77 is 62.3% below this benchmark. Historically, North China Pharmaceutical Co's own Cyclically Adjusted PS Ratio has ranged from 0.48 to 2.16 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 2.05, North China Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.05, based on 750 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. North China Pharmaceutical Co's current Cyclically Adjusted PS Ratio of 0.77 is 62.3% 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 North China Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North China Pharmaceutical Co's current Cyclically Adjusted PS Ratio is 0.77, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North China Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, North China Pharmaceutical Co (SHSE:600812) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.84, compared to a current price of ¥4.91 — trading 1.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.77, which is near median its 10-year median of 0.85 and 62.3% below the Drug Manufacturers industry median of 2.05. North China Pharmaceutical Co's overall GF Score™ is 56/100 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 North China Pharmaceutical Co (SHSE:600812), the current Cyclically Adjusted PS Ratio is 0.77 as of Aug. 22, 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 North China Pharmaceutical Co (SHSE:600812) Overvalued in 2026?

Based on GuruFocus' analysis, North China Pharmaceutical Co stock appears to be overvalued. The current stock price of ¥4.91 is trading 1.4% above its estimated GF Value™ of ¥4.84. GuruFocus considers North China Pharmaceutical Co to be Fairly Valued.

Key valuation signals for SHSE:600812:

  • Cyclically Adjusted PS Ratio: 0.77 (near median its 10-year median of 0.85)
  • GF Value™: ¥4.84 vs. price of ¥4.91 (1.4% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 62.3% below the Drug Manufacturers median (#178 of 750)

No single metric tells the full story. See the SHSE:600812 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North China Pharmaceutical Co Business Description

Address No. 388 Heping East Road, Shijiazhuang, Hebei, CHN, 050015
North China Pharmaceutical Co Ltd is engaged in the manufacture and sale of antibiotics, vitamins, and pharmaceutical products in China. The main products include antibiotics such as penicillin, vitamins, cephalosporins, streptomycin, biotechnological drugs, new preparations, and biological products.
56GF Score

Get the complete analysis for SHSE:600812

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

¥4.91
Price
¥4.84
GF Value