Bank of Shanghai Co (SHSE:601229) Cyclically Adjusted PS Ratio: 2.97 (As of Aug. 14, 2026) — Near Median

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SHSE:601229 Bank of Shanghai Co Ltd SHSE:601229
54 GF Score
Price ¥9.44
GF Value ¥8.93
Valuation Fairly Valued
! 3 Warning Signs
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What is Bank of Shanghai Co Cyclically Adjusted PS Ratio?

Bank of Shanghai Co SHSE:601229 +1.40% 54 Cyclically Adjusted PS Ratio is 2.97 as of Aug. 14, 2026, which is 3% above its 10-year median of 2.88. GuruFocus rates SHSE:601229 with a GF Score™ of 54/100 and a GF Value™ of ¥8.93 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,305 Banks companies, Bank of Shanghai Co ranks better than 60.77% on this metric.

As of today (2026-08-14), Bank of Shanghai Co's current share price is ¥9.44. Bank of Shanghai Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥3.18. Bank of Shanghai Co's Cyclically Adjusted PS Ratio for today is 2.97.

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

SHSE:601229' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.84   Med: 2.88   Max: 4.15
Current: 2.9

During the past years, Bank of Shanghai Co's highest Cyclically Adjusted PS Ratio was 4.15. The lowest was 1.84. And the median was 2.88.

SHSE:601229's Cyclically Adjusted PS Ratio is ranked better than
60.77% of 1305 companies
in the Banks industry
Industry Median: 3.42 vs SHSE:601229: 2.90

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.

Bank of Shanghai Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.871. 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 ¥3.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Shanghai Co  (SHSE:601229) 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.


Bank of Shanghai Co Cyclically Adjusted PS Ratio Related Terms


Bank of Shanghai Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank of Shanghai 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.

Bank of Shanghai Co Cyclically Adjusted PS Ratio Chart

Bank of Shanghai 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 2.51 1.95 1.92 2.93 3.19

Bank of Shanghai 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 3.15 3.39 2.84 3.19 3.12

Bank of Shanghai Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Bank of Shanghai 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.


Bank of Shanghai Co Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank of Shanghai Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank of Shanghai Co's Cyclically Adjusted PS Ratio falls into.


SHSE:601229
54GF Score
Bank of Shanghai Co Ltd SHSE:601229
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Shanghai 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.

Bank of Shanghai Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.44/3.18
=2.97

* 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.

Bank of Shanghai Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bank of Shanghai 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)
=0.871/116.3033*116.3033
=0.871

Current CPI (Mar. 2026) = 116.3033.

Bank of Shanghai Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.425 101.400 0.487
201609 0.660 102.400 0.750
201612 0.597 102.600 0.677
201703 0.580 103.200 0.654
201706 0.279 103.100 0.315
201709 0.638 104.100 0.713
201712 0.602 104.500 0.670
201803 0.640 105.300 0.707
201806 0.468 104.900 0.519
201809 0.832 106.600 0.908
201812 0.710 106.500 0.775
201903 0.908 107.700 0.981
201906 0.853 107.700 0.921
201909 0.903 109.800 0.956
201912 0.701 111.200 0.733
202003 0.924 112.300 0.957
202006 0.857 110.400 0.903
202009 0.862 111.700 0.898
202012 0.774 111.500 0.807
202103 0.921 112.662 0.951
202106 0.885 111.769 0.921
202109 0.861 112.215 0.892
202112 0.792 113.108 0.814
202203 0.899 114.335 0.914
202206 0.864 114.558 0.877
202209 0.882 115.339 0.889
202212 0.609 115.116 0.615
202303 0.830 115.116 0.839
202306 0.833 114.558 0.846
202309 0.804 115.339 0.811
202312 0.619 114.781 0.627
202403 0.829 115.227 0.837
202406 0.827 114.781 0.838
202409 0.834 115.785 0.838
202412 0.747 114.893 0.756
202503 0.841 115.116 0.850
202506 0.850 114.907 0.860
202509 0.875 115.471 0.881
202512 0.741 115.832 0.744
202603 0.871 116.303 0.871

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 2.97 mean?
Bank of Shanghai Co (SHSE:601229) has a Cyclically Adjusted PS Ratio of 2.97 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 Bank of Shanghai Co and its competitors. This is near median its historical median of 2.88. Over the past decade, Bank of Shanghai Co's Cyclically Adjusted PS Ratio has ranged from 1.84 to 4.15. According to the industry distribution chart, Bank of Shanghai Co ranks #512 out of 1305 companies in the Banks industry, placing it in the top 39.2%.
Is Bank of Shanghai Co's Cyclically Adjusted PS Ratio too high?
Bank of Shanghai Co's current Cyclically Adjusted PS Ratio of 2.97 is near median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 4.15. The Banks industry median Cyclically Adjusted PS Ratio is 3.42. Bank of Shanghai Co's value of 2.97 is 13.2% below this industry median. Based on the distribution chart, Bank of Shanghai Co ranks #512 out of 1305 companies in the Banks industry, which is above the industry midpoint. Overall, Bank of Shanghai Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank of Shanghai Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Bank of Shanghai Co ranks #512 out of 1305 companies for Cyclically Adjusted PS Ratio. This puts Bank of Shanghai Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.42. Bank of Shanghai Co's value of 2.97 is 13.2% below this benchmark. Historically, Bank of Shanghai Co's own Cyclically Adjusted PS Ratio has ranged from 1.84 to 4.15 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 3.42, Bank of Shanghai 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.42, based on 1,305 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. Bank of Shanghai Co's current Cyclically Adjusted PS Ratio of 2.97 is 13.2% 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 Bank of Shanghai Co and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Shanghai Co's current Cyclically Adjusted PS Ratio is 2.97, which is near median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Shanghai Co stock overvalued right now?
Based on GuruFocus' analysis, Bank of Shanghai Co (SHSE:601229) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.93, compared to a current price of ¥9.44 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.97, which is near median its 10-year median of 2.88 and 13.2% below the Banks industry median of 3.42. Bank of Shanghai Co's overall GF Score™ is 54/100 with 3 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 Bank of Shanghai Co (SHSE:601229), the current Cyclically Adjusted PS Ratio is 2.97 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 Bank of Shanghai Co (SHSE:601229) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Shanghai Co stock appears to be overvalued. The current stock price of ¥9.44 is trading 5.7% above its estimated GF Value™ of ¥8.93. GuruFocus considers Bank of Shanghai Co to be Fairly Valued.

Key valuation signals for SHSE:601229:

  • Cyclically Adjusted PS Ratio: 2.97 (near median its 10-year median of 2.88)
  • GF Value™: ¥8.93 vs. price of ¥9.44 (5.7% above fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 13.2% below the Banks median (#512 of 1305)

No single metric tells the full story. See the SHSE:601229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of Shanghai Co Business Description

Address No. 168, Yincheng Middle Road, Pudong New District, Shanghai, CHN, 200120
Bank of Shanghai Co Ltd is a commercial banking company. It is mainly involved in providing banking and financial services such as Corporate banking, Retail banking, Treasury business, and others. The Bank conducts its business through three segments. The Wholesale Financial Business segment serves corporate clients, government agencies, and peer institutions with loans, deposits, trade finance, settlements, investment banking, asset custody, interbank transactions, financial market operations, and equity investments. The Retail Financial Business segment offers individuals loans, deposits, wealth management, remittances, securities agency, and bank card services. The Other Business segment covers mobile and corporate online banking as well as other related services.
54GF Score

Get the complete analysis for SHSE:601229

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

¥9.44
Price
¥8.93
GF Value