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SHSE:601398'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.79 Med: 2.89 Max: 4.63
Current: 3.22
During the past years, Industrial And Commercial Bank Of China's highest Cyclically Adjusted PS Ratio was 4.63. The lowest was 1.79. And the median was 2.89.
SHSE:601398's Cyclically Adjusted PS Ratio is ranked better than 54.41% of 1305
companies
in the Banks industry
Industry Median: 3.45
vs SHSE:601398: 3.22
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.
Industrial And Commercial Bank Of China's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.631. 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 ¥2.35 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Industrial And Commercial Bank Of China (SHSE:601398) 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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Related Terms
Industrial And Commercial Bank Of China 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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio Chart
Industrial And Commercial Bank Of China Annual Data
SHSE:601398 vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison
For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.
Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio falls into.
Industrial And Commercial Bank Of China 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 3.22 mean?
Industrial And Commercial Bank Of China (SHSE:601398) has a Cyclically Adjusted PS Ratio of 3.22 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 Industrial And Commercial Bank Of China and its competitors. This is 11% above median its historical median of 2.89. Over the past decade, Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio has ranged from 1.79 to 4.63. According to the industry distribution chart, Industrial And Commercial Bank Of China ranks #595 out of 1305 companies in the Banks industry, placing it in the top 45.6%.
Is Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio too high?
Industrial And Commercial Bank Of China's current Cyclically Adjusted PS Ratio of 3.22 is 11% above median its 10-year median of 2.89. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 4.63. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Industrial And Commercial Bank Of China's value of 3.22 is 6.7% below this industry median. Based on the distribution chart, Industrial And Commercial Bank Of China ranks #595 out of 1305 companies in the Banks industry, which is above the industry midpoint. Overall, Industrial And Commercial Bank Of China has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Industrial And Commercial Bank Of China ranks #595 out of 1305 companies for Cyclically Adjusted PS Ratio. This puts Industrial And Commercial Bank Of China in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Industrial And Commercial Bank Of China's value of 3.22 is 6.7% below this benchmark. Historically, Industrial And Commercial Bank Of China's own Cyclically Adjusted PS Ratio has ranged from 1.79 to 4.63 over the past decade. While the company's 10-year median is 2.89 vs. the industry median of 3.45, Industrial And Commercial Bank Of China 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 3.45, 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. Industrial And Commercial Bank Of China's current Cyclically Adjusted PS Ratio of 3.22 is 6.7% 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 Industrial And Commercial Bank Of China and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial And Commercial Bank Of China's current Cyclically Adjusted PS Ratio is 3.22, which is 11% above median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial And Commercial Bank Of China stock overvalued right now?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China (SHSE:601398) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.74, compared to a current price of ¥7.57 — trading 12.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.22, which is 11% above median its 10-year median of 2.89 and 6.7% below the Banks industry median of 3.45. Industrial And Commercial Bank Of China's overall GF Score™ is 64/100 with 5 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 Industrial And Commercial Bank Of China (SHSE:601398), the current Cyclically Adjusted PS Ratio is 3.22 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 Industrial And Commercial Bank Of China (SHSE:601398) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued.
The current stock price of ¥7.57 is trading 12.3% above its estimated GF Value™ of ¥6.74.
GuruFocus considers Industrial And Commercial Bank Of China to be Modestly Overvalued.
Key valuation signals for SHSE:601398:
Cyclically Adjusted PS Ratio: 3.22 (11% above median its 10-year median of 2.89)
GF Value™: ¥6.74 vs. price of ¥7.57 (12.3% above fair value)
Industry Position: 6.7% below the Banks median (#595 of 1305)
No single metric tells the full story. See the SHSE:601398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
64GF Score
Get the complete analysis for SHSE:601398
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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