Ningbo Boway Alloy Material Co (SHSE:601137) Cyclically Adjusted PS Ratio: 1.21 (As of Aug. 17, 2026) — Near Median

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SHSE:601137 Ningbo Boway Alloy Material Co Ltd SHSE:601137
83 GF Score
Price ¥19.18
GF Value ¥19.04
Valuation Fairly Valued
! 7 Warning Signs
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What is Ningbo Boway Alloy Material Co Cyclically Adjusted PS Ratio?

Ningbo Boway Alloy Material Co SHSE:601137 +4.24% 83 Cyclically Adjusted PS Ratio is 1.21 as of Aug. 17, 2026, which is 7% below its 10-year median of 1.30. GuruFocus rates SHSE:601137 with a GF Score™ of 83/100 and a GF Value™ of ¥19.04 (Fairly Valued). The stock has 7 warning signs investors should review. Among 575 Metals & Mining companies, Ningbo Boway Alloy Material Co ranks better than 65.91% on this metric.

As of today (2026-08-17), Ningbo Boway Alloy Material Co's current share price is ¥19.18. Ningbo Boway Alloy Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥15.87. Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio for today is 1.21.

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

SHSE:601137' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.3   Max: 2.51
Current: 1.16

During the past years, Ningbo Boway Alloy Material Co's highest Cyclically Adjusted PS Ratio was 2.51. The lowest was 0.95. And the median was 1.30.

SHSE:601137's Cyclically Adjusted PS Ratio is ranked better than
65.91% of 575 companies
in the Metals & Mining industry
Industry Median: 2.3 vs SHSE:601137: 1.16

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.

Ningbo Boway Alloy Material Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥6.196. 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 ¥15.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Boway Alloy Material Co  (SHSE:601137) 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.


Ningbo Boway Alloy Material Co Cyclically Adjusted PS Ratio Related Terms


Ningbo Boway Alloy Material Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material Co Cyclically Adjusted PS Ratio Chart

Ningbo Boway Alloy Material 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 2.36 1.32 1.21 1.43 1.39

Ningbo Boway Alloy Material 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 1.37 1.20 1.72 1.39 1.14

SHSE:601137 vs SCCO, FCX: Cyclically Adjusted PS Ratio Comparison

For the Copper subindustry, Ningbo Boway Alloy Material 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.


Ningbo Boway Alloy Material Co Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio falls into.


SHSE:601137
83GF Score
Ningbo Boway Alloy Material Co Ltd SHSE:601137
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ningbo Boway Alloy Material 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.

Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.18/15.87
=1.21

* 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.

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

For example, Ningbo Boway Alloy Material 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)
=6.196/116.3033*116.3033
=6.196

Current CPI (Mar. 2026) = 116.3033.

Ningbo Boway Alloy Material Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.680 101.400 3.074
201609 2.185 102.400 2.482
201612 1.809 102.600 2.051
201703 2.084 103.200 2.349
201706 2.159 103.100 2.435
201709 2.503 104.100 2.796
201712 2.484 104.500 2.765
201803 2.070 105.300 2.286
201806 3.304 104.900 3.663
201809 3.297 106.600 3.597
201812 2.764 106.500 3.018
201903 2.613 107.700 2.822
201906 2.726 107.700 2.944
201909 2.370 109.800 2.510
201912 3.335 111.200 3.488
202003 2.496 112.300 2.585
202006 2.543 110.400 2.679
202009 3.357 111.700 3.495
202012 2.011 111.500 2.098
202103 2.678 112.662 2.765
202106 3.745 111.769 3.897
202109 2.878 112.215 2.983
202112 3.352 113.108 3.447
202203 4.164 114.335 4.236
202206 4.226 114.558 4.290
202209 3.887 115.339 3.920
202212 4.760 115.116 4.809
202303 4.284 115.116 4.328
202306 5.486 114.558 5.570
202309 6.071 115.339 6.122
202312 6.787 114.781 6.877
202403 5.812 115.227 5.866
202406 5.599 114.781 5.673
202409 7.175 115.785 7.207
202412 3.708 114.893 3.754
202503 5.641 115.116 5.699
202506 5.999 114.907 6.072
202509 5.929 115.471 5.972
202512 5.823 115.832 5.847
202603 6.196 116.303 6.196

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 1.21 mean?
Ningbo Boway Alloy Material Co (SHSE:601137) has a Cyclically Adjusted PS Ratio of 1.21 as of Aug. 17, 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 Ningbo Boway Alloy Material Co and its competitors. This is near median its historical median of 1.30. Over the past decade, Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio has ranged from 0.95 to 2.51. According to the industry distribution chart, Ningbo Boway Alloy Material Co ranks #196 out of 575 companies in the Metals & Mining industry, placing it in the top 34.1%.
Is Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio too high?
Ningbo Boway Alloy Material Co's current Cyclically Adjusted PS Ratio of 1.21 is near median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.51. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.30. Ningbo Boway Alloy Material Co's value of 1.21 is 47.4% below this industry median. Based on the distribution chart, Ningbo Boway Alloy Material Co ranks #196 out of 575 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ningbo Boway Alloy Material Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Boway Alloy Material Co's Cyclically Adjusted PS Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ningbo Boway Alloy Material Co ranks #196 out of 575 companies for Cyclically Adjusted PS Ratio. This puts Ningbo Boway Alloy Material Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.30. Ningbo Boway Alloy Material Co's value of 1.21 is 47.4% below this benchmark. Historically, Ningbo Boway Alloy Material Co's own Cyclically Adjusted PS Ratio has ranged from 0.95 to 2.51 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 2.30, Ningbo Boway Alloy Material 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.30, based on 575 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. Ningbo Boway Alloy Material Co's current Cyclically Adjusted PS Ratio of 1.21 is 47.4% 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 Ningbo Boway Alloy Material Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Boway Alloy Material Co's current Cyclically Adjusted PS Ratio is 1.21, which is near median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Boway Alloy Material Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co (SHSE:601137) is currently considered Fairly Valued. The stock's GF Value™ is ¥19.04, compared to a current price of ¥19.18 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.21, which is near median its 10-year median of 1.30 and 47.4% below the Metals & Mining industry median of 2.30. Ningbo Boway Alloy Material Co's overall GF Score™ is 83/100 with 7 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 Ningbo Boway Alloy Material Co (SHSE:601137), the current Cyclically Adjusted PS Ratio is 1.21 as of Aug. 17, 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 Ningbo Boway Alloy Material Co (SHSE:601137) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co stock appears to be overvalued. The current stock price of ¥19.18 is trading 0.7% above its estimated GF Value™ of ¥19.04. GuruFocus considers Ningbo Boway Alloy Material Co to be Fairly Valued.

Key valuation signals for SHSE:601137:

  • Cyclically Adjusted PS Ratio: 1.21 (near median its 10-year median of 1.30)
  • GF Value™: ¥19.04 vs. price of ¥19.18 (0.7% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 47.4% below the Metals & Mining median (#196 of 575)

No single metric tells the full story. See the SHSE:601137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningbo Boway Alloy Material Co Business Description

Address Taiping Bridge, Yunlong Town, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315135
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
83GF Score

Get the complete analysis for SHSE:601137

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

¥19.18
Price
¥19.04
GF Value