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.
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.
The historical rank and industry rank for CNOOC Energy Technology & Services's Cyclically Adjusted PS Ratio or its related term are showing as below:
SHSE:600968'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.93 Max: 1.24
Current: 0.93
During the past 13 years, CNOOC Energy Technology & Services's highest Cyclically Adjusted PS Ratio was 1.24. The lowest was 0.66. And the median was 0.93.
SHSE:600968's Cyclically Adjusted PS Ratio is ranked better than 54.03% of 707
companies
in the Oil & Gas industry
Industry Median: 1.06
vs SHSE:600968: 0.93
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.
CNOOC Energy Technology & Services's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ¥4.954. 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 ¥4.06 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services Cyclically Adjusted PS Ratio Related Terms
CNOOC Energy Technology & Services Cyclically Adjusted PS Ratio Historical Data
* 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.
CNOOC Energy Technology & Services Cyclically Adjusted PS Ratio Chart
SHSE:600968 vs SLB, BKR, FTI: Cyclically Adjusted PS Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services Cyclically Adjusted PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where CNOOC Energy Technology & Services's Cyclically Adjusted PS Ratio falls into.
CNOOC Energy Technology & Services 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.
* 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.
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 0.97 mean?
CNOOC Energy Technology & Services (SHSE:600968) has a Cyclically Adjusted PS Ratio of 0.97 as of Aug. 04, 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 CNOOC Energy Technology & Services and its competitors. This is near median its historical median of 0.93. Over the past decade, CNOOC Energy Technology & Services' Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.24. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #325 out of 707 companies in the Oil & Gas industry, placing it in the top 46%.
Is CNOOC Energy Technology & Services' Cyclically Adjusted PS Ratio too high?
CNOOC Energy Technology & Services' current Cyclically Adjusted PS Ratio of 0.97 is near median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.24. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. CNOOC Energy Technology & Services' value of 0.97 is 8.5% below this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #325 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #325 out of 707 companies for Cyclically Adjusted PS Ratio. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. CNOOC Energy Technology & Services' value of 0.97 is 8.5% below this benchmark. Historically, CNOOC Energy Technology & Services' own Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.24 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.06, CNOOC Energy Technology & Services 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 707 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. CNOOC Energy Technology & Services's current Cyclically Adjusted PS Ratio of 0.97 is 8.5% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Cyclically Adjusted PS Ratio is 0.97, which is near median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.94, compared to a current price of ¥3.93 — trading 0.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is near median its 10-year median of 0.93 and 8.5% below the Oil & Gas industry median of 1.06. CNOOC Energy Technology & Services' overall GF Score™ is 77/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current Cyclically Adjusted PS Ratio is 0.97 as of Aug. 04, 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.93 is trading 0.3% below its estimated GF Value™ of ¥3.94.
GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.
Key valuation signals for SHSE:600968:
Cyclically Adjusted PS Ratio: 0.97 (near median its 10-year median of 0.93)
GF Value™: ¥3.94 vs. price of ¥3.93 (0.3% below fair value)
Industry Position: 8.5% below the Oil & Gas median (#325 of 707)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
77GF Score
Get the complete analysis for SHSE:600968
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600968 has been successfully added to your 
