China State Construction Engineering (SHSE:601668) Cyclically Adjusted PS Ratio: 0.11 (As of Aug. 03, 2026) — 42% Below Median

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SHSE:601668 China State Construction Engineering Corp Ltd SHSE:601668
58 GF Score
Price ¥4.76
GF Value ¥5.26
Valuation Modestly Undervalued
! 7 Warning Signs
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What is China State Construction Engineering Cyclically Adjusted PS Ratio?

China State Construction Engineering SHSE:601668 +1.28% 58 Cyclically Adjusted PS Ratio is 0.11 as of Aug. 03, 2026, which is 42% below its 10-year median of 0.19. GuruFocus rates SHSE:601668 with a GF Score™ of 58/100 and a GF Value™ of ¥5.26 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,359 Construction companies, China State Construction Engineering ranks better than 92.49% on this metric.

As of today (2026-08-03), China State Construction Engineering's current share price is ¥4.76. China State Construction Engineering's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥41.66. China State Construction Engineering's Cyclically Adjusted PS Ratio for today is 0.11.

The historical rank and industry rank for China State Construction Engineering's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:601668' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.19   Max: 0.49
Current: 0.11

During the past years, China State Construction Engineering's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.11. And the median was 0.19.

SHSE:601668's Cyclically Adjusted PS Ratio is ranked better than
92.49% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs SHSE:601668: 0.11

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.

China State Construction Engineering's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥12.168. 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 ¥41.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China State Construction Engineering  (SHSE:601668) 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 State Construction Engineering Cyclically Adjusted PS Ratio Related Terms


China State Construction Engineering Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China State Construction Engineering'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 State Construction Engineering Cyclically Adjusted PS Ratio Chart

China State Construction Engineering 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 0.18 0.17 0.14 0.16 0.13

China State Construction Engineering 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 0.14 0.15 0.14 0.13 0.12

SHSE:601668 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, China State Construction Engineering'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 State Construction Engineering Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where China State Construction Engineering's Cyclically Adjusted PS Ratio falls into.


SHSE:601668
58GF Score
China State Construction Engineering Corp Ltd SHSE:601668
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China State Construction Engineering 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 State Construction Engineering's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.76/41.66
=0.11

* 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 State Construction Engineering's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China State Construction Engineering'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)
=12.168/116.3033*116.3033
=12.168

Current CPI (Mar. 2026) = 116.3033.

China State Construction Engineering Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.367 101.400 6.156
201609 4.634 102.400 5.263
201612 6.493 102.600 7.360
201703 5.683 103.200 6.405
201706 5.943 103.100 6.704
201709 5.699 104.100 6.367
201712 6.351 104.500 7.068
201803 6.302 105.300 6.961
201806 6.604 104.900 7.322
201809 5.622 106.600 6.134
201812 7.852 106.500 8.575
201903 7.055 107.700 7.619
201906 8.067 107.700 8.711
201909 6.536 109.800 6.923
201912 10.564 111.200 11.049
202003 6.271 112.300 6.495
202006 10.508 110.400 11.070
202009 8.157 111.700 8.493
202012 12.920 111.500 13.477
202103 9.941 112.662 10.262
202106 12.671 111.769 13.185
202109 9.853 112.215 10.212
202112 13.349 113.108 13.726
202203 11.646 114.335 11.847
202206 13.650 114.558 13.858
202209 11.716 115.339 11.814
202212 12.567 115.116 12.697
202303 12.458 115.116 12.587
202306 14.477 114.558 14.698
202309 13.302 115.339 13.413
202312 14.506 114.781 14.698
202403 12.885 115.227 13.005
202406 14.764 114.781 14.960
202409 11.361 115.785 11.412
202412 13.228 114.893 13.390
202503 13.319 115.116 13.456
202506 13.291 114.907 13.452
202509 10.918 115.471 10.997
202512 12.551 115.832 12.602
202603 12.168 116.303 12.168

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 0.11 mean?
China State Construction Engineering (SHSE:601668) has a Cyclically Adjusted PS Ratio of 0.11 as of Aug. 03, 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 China State Construction Engineering and its competitors. This is 42% below median its historical median of 0.19. Over the past decade, China State Construction Engineering's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.49. According to the industry distribution chart, China State Construction Engineering ranks #102 out of 1359 companies in the Construction industry, placing it in the top 7.5%.
Is China State Construction Engineering's Cyclically Adjusted PS Ratio too high?
China State Construction Engineering's current Cyclically Adjusted PS Ratio of 0.11 is 42% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.49. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. China State Construction Engineering's value of 0.11 is 84.3% below this industry median. Based on the distribution chart, China State Construction Engineering ranks #102 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, China State Construction Engineering has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China State Construction Engineering's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, China State Construction Engineering ranks #102 out of 1359 companies for Cyclically Adjusted PS Ratio. This places China State Construction Engineering in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. China State Construction Engineering's value of 0.11 is 84.3% below this benchmark. Historically, China State Construction Engineering's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.49 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.70, China State Construction Engineering 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,359 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. China State Construction Engineering's current Cyclically Adjusted PS Ratio of 0.11 is 84.3% 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 China State Construction Engineering and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China State Construction Engineering's current Cyclically Adjusted PS Ratio is 0.11, which is 42% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China State Construction Engineering stock overvalued right now?
Based on GuruFocus' analysis, China State Construction Engineering (SHSE:601668) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.26, compared to a current price of ¥4.76 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.11, which is 42% below median its 10-year median of 0.19 and 84.3% below the Construction industry median of 0.70. China State Construction Engineering's overall GF Score™ is 58/100 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 China State Construction Engineering (SHSE:601668), the current Cyclically Adjusted PS Ratio is 0.11 as of Aug. 03, 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 China State Construction Engineering (SHSE:601668) Overvalued in 2026?

Based on GuruFocus' analysis, China State Construction Engineering stock appears to be undervalued. The current stock price of ¥4.76 is trading 9.5% below its estimated GF Value™ of ¥5.26. GuruFocus considers China State Construction Engineering to be Modestly Undervalued.

Key valuation signals for SHSE:601668:

  • Cyclically Adjusted PS Ratio: 0.11 (42% below median its 10-year median of 0.19)
  • GF Value™: ¥5.26 vs. price of ¥4.76 (9.5% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 84.3% below the Construction median (#102 of 1359)

No single metric tells the full story. See the SHSE:601668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China State Construction Engineering Business Description

Address Anding Road, Building 3, Courtyard 5, China Construction Fortune International Center, Chaoyang District, Beijing, CHN, 100029
China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. The company conducts its operations through five segments: Housing Construction segment, Infrastructure Construction and Investment segment, Real Estate Development and Investment segment, Design & Survey segment, and Others segment. It derives the majority of its revenue from the Housing Construction segment. The company's services include product technology research and development, survey and design, real estate development, engineering contracting, equipment manufacturing, asset operation, and property management.
58GF Score

Get the complete analysis for SHSE:601668

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

¥4.76
Price
¥5.26
GF Value