China Railway Group (SHSE:601390) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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SHSE:601390 China Railway Group Ltd SHSE:601390
57 GF Score
Price ¥4.30
GF Value ¥4.87
Valuation Modestly Undervalued
! 7 Warning Signs
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What is China Railway Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Railway Group  (SHSE:601390) 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.


China Railway Group Cyclically Adjusted PS Ratio Related Terms


China Railway Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Railway Group'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.

China Railway Group Cyclically Adjusted PS Ratio Chart

China Railway Group 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 0.17 0.15 0.15 0.16 0.13

China Railway Group 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 0.14 0.13 0.13 0.13 0.10

SHSE:601390 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, China Railway Group'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.


China Railway Group Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, China Railway Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Railway Group's Cyclically Adjusted PS Ratio falls into.


SHSE:601390
57GF Score
China Railway Group Ltd SHSE:601390
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Railway Group 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.

China Railway Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Railway Group'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)
=9.677/121.3631*121.3631
=9.677

Current CPI (Jun. 2026) = 121.3631.

China Railway Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.472 102.565 8.841
201612 8.714 103.225 10.245
201703 5.901 103.335 6.931
201706 7.244 103.664 8.481
201709 7.530 103.994 8.788
201712 9.678 104.984 11.188
201803 6.497 105.973 7.441
201806 7.340 106.193 8.389
201809 7.865 106.852 8.933
201812 10.710 107.622 12.077
201903 7.015 108.172 7.870
201906 8.826 109.601 9.773
201909 8.999 110.260 9.905
201912 11.355 110.700 12.449
202003 6.392 110.920 6.994
202006 10.552 110.590 11.580
202009 11.088 107.512 12.517
202012 11.639 109.711 12.875
202103 9.647 111.579 10.493
202106 10.630 111.360 11.585
202109 11.069 109.051 12.319
202112 12.334 112.349 13.324
202203 10.795 113.558 11.537
202206 11.945 113.448 12.778
202209 11.781 113.778 12.566
202212 12.385 114.548 13.122
202303 11.095 115.427 11.666
202306 12.948 115.647 13.588
202309 11.955 116.087 12.498
202312 12.594 117.296 13.031
202403 10.812 117.735 11.145
202406 11.324 117.296 11.717
202409 11.198 118.615 11.457
202412 11.550 118.945 11.785
202503 10.121 119.384 10.289
202506 10.664 119.055 10.871
202509 10.678 119.934 10.805
202512 12.874 120.704 12.944
202603 9.559 121.473 9.550
202606 9.677 121.363 9.677

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.

Is China Railway Group (SHSE:601390) Overvalued in 2026?

Based on GuruFocus' analysis, China Railway Group stock appears to be undervalued. The current stock price of ¥4.30 is trading 11.7% below its estimated GF Value™ of ¥4.87. GuruFocus considers China Railway Group to be Modestly Undervalued.

Key valuation signals for SHSE:601390:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ¥4.87 vs. price of ¥4.30 (11.7% below fair value)
  • GF Score™: 57/100 with 7 warning signs

No single metric tells the full story. See the SHSE:601390 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Railway Group Business Description

Address 49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.
57GF Score

Get the complete analysis for SHSE:601390

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

¥4.30
Price
¥4.87
GF Value