Heilongjiang Transport Development Co (SHSE:601188) Cyclically Adjusted PS Ratio: 4.28 (As of Aug. 30, 2026) — 18% Below Median

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SHSE:601188 Heilongjiang Transport Development Co Ltd SHSE:601188
72 GF Score
Price ¥2.95
GF Value ¥3.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio?

Heilongjiang Transport Development Co SHSE:601188 +0.34% 72 Cyclically Adjusted PS Ratio is 4.28 as of Aug. 30, 2026, which is 18% below its 10-year median of 5.19. GuruFocus rates SHSE:601188 with a GF Score™ of 72/100 and a GF Value™ of ¥3.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,364 Construction companies, Heilongjiang Transport Development Co ranks worse than 90.84% on this metric.

As of today (2026-08-30), Heilongjiang Transport Development Co's current share price is ¥2.95. Heilongjiang Transport Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ¥0.69. Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio for today is 4.28.

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

SHSE:601188' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.85   Med: 5.19   Max: 7.23
Current: 4.3

During the past years, Heilongjiang Transport Development Co's highest Cyclically Adjusted PS Ratio was 7.23. The lowest was 3.85. And the median was 5.19.

SHSE:601188's Cyclically Adjusted PS Ratio is ranked worse than
90.84% of 1364 companies
in the Construction industry
Industry Median: 0.71 vs SHSE:601188: 4.30

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.

Heilongjiang Transport Development Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ¥0.116. 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 ¥0.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heilongjiang Transport Development Co  (SHSE:601188) 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.


Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio Related Terms


Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Heilongjiang Transport Development 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.

Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio Chart

Heilongjiang Transport Development 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 5.65 5.14 6.42 5.43 5.17

Heilongjiang Transport Development Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.27 5.11 5.17 4.94 3.99

Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Infrastructure Operations subindustry, Heilongjiang Transport Development 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.


Heilongjiang Transport Development Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SHSE:601188
72GF Score
Heilongjiang Transport Development Co Ltd SHSE:601188
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heilongjiang Transport Development 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.

Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.95/0.69
=4.28

* 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.

Heilongjiang Transport Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Heilongjiang Transport Development Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.116/116.0564*116.0564
=0.116

Current CPI (Jun. 2026) = 116.0564.

Heilongjiang Transport Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.107 102.400 0.121
201612 0.086 102.600 0.097
201703 0.086 103.200 0.097
201706 0.097 103.100 0.109
201709 0.110 104.100 0.123
201712 1.406 104.500 1.561
201803 0.107 105.300 0.118
201806 0.132 104.900 0.146
201809 0.195 106.600 0.212
201812 0.104 106.500 0.113
201903 0.127 107.700 0.137
201906 0.122 107.700 0.131
201909 0.158 109.800 0.167
201912 0.393 111.200 0.410
202003 0.059 112.300 0.061
202006 0.070 110.400 0.074
202009 0.142 111.700 0.148
202012 0.151 111.500 0.157
202103 0.069 112.662 0.071
202106 0.132 111.769 0.137
202109 0.122 112.215 0.126
202112 0.085 113.108 0.087
202203 0.065 114.335 0.066
202206 0.083 114.558 0.084
202209 0.115 115.339 0.116
202212 0.069 115.116 0.070
202303 0.097 115.116 0.098
202306 0.118 114.558 0.120
202309 0.170 115.339 0.171
202312 0.126 114.781 0.127
202403 0.087 115.227 0.088
202406 0.082 114.781 0.083
202409 0.146 115.785 0.146
202412 0.471 114.893 0.476
202503 0.099 115.116 0.100
202506 0.137 114.907 0.138
202509 0.121 115.471 0.122
202512 0.236 115.832 0.236
202603 0.107 116.303 0.107
202606 0.116 116.056 0.116

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 4.28 mean?
Heilongjiang Transport Development Co (SHSE:601188) has a Cyclically Adjusted PS Ratio of 4.28 as of Aug. 30, 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 Heilongjiang Transport Development Co and its competitors. This is 18% below median its historical median of 5.19. Over the past decade, Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio has ranged from 3.85 to 7.23. According to the industry distribution chart, Heilongjiang Transport Development Co ranks #1239 out of 1364 companies in the Construction industry, placing it in the top 90.8%.
Is Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio too high?
Heilongjiang Transport Development Co's current Cyclically Adjusted PS Ratio of 4.28 is 18% below median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 7.23. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Heilongjiang Transport Development Co's value of 4.28 is 502.8% above this industry median. Based on the distribution chart, Heilongjiang Transport Development Co ranks #1239 out of 1364 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Heilongjiang Transport Development Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Transport Development Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Construction industry distribution chart, Heilongjiang Transport Development Co ranks #1239 out of 1364 companies for Cyclically Adjusted PS Ratio. This places Heilongjiang Transport Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Heilongjiang Transport Development Co's value of 4.28 is 502.8% above this benchmark. Historically, Heilongjiang Transport Development Co's own Cyclically Adjusted PS Ratio has ranged from 3.85 to 7.23 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 0.71, Heilongjiang Transport Development Co has consistently been above 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,364 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. Heilongjiang Transport Development Co's current Cyclically Adjusted PS Ratio of 4.28 is 502.8% above 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 Heilongjiang Transport Development Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Transport Development Co's current Cyclically Adjusted PS Ratio is 4.28, which is 18% below median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Transport Development Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Transport Development Co (SHSE:601188) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.63, compared to a current price of ¥2.95 — trading 18.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.28, which is 18% below median its 10-year median of 5.19 and 502.8% above the Construction industry median of 0.71. Heilongjiang Transport Development Co's overall GF Score™ is 72/100 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 Heilongjiang Transport Development Co (SHSE:601188), the current Cyclically Adjusted PS Ratio is 4.28 as of Aug. 30, 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 Heilongjiang Transport Development Co (SHSE:601188) Overvalued in 2026?

Based on GuruFocus' analysis, Heilongjiang Transport Development Co stock appears to be undervalued. The current stock price of ¥2.95 is trading 18.7% below its estimated GF Value™ of ¥3.63. GuruFocus considers Heilongjiang Transport Development Co to be Modestly Undervalued.

Key valuation signals for SHSE:601188:

  • Cyclically Adjusted PS Ratio: 4.28 (18% below median its 10-year median of 5.19)
  • GF Value™: ¥3.63 vs. price of ¥2.95 (18.7% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 502.8% above the Construction median (#1239 of 1364)

No single metric tells the full story. See the SHSE:601188 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heilongjiang Transport Development Co Business Description

Address 1688 5th Qunli Avenue, Daoli District, Heilongjiang province, Harbin, CHN, 150070
Heilongjiang Transport Development Co Ltd is a China-based company engaged in the investment, development, construction, operation, and management of expressway. It is also a large enterprise under the provincial management which combines the real estate industry, the physical distribution, and transportation industry, the advertising industry and the import-export industry together.
72GF Score

Get the complete analysis for SHSE:601188

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

¥2.95
Price
¥3.63
GF Value