China Publishing & Media Holdings Co (SHSE:601949) Cyclically Adjusted PS Ratio: 1.55 (As of Aug. 14, 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:601949 China Publishing & Media Holdings Co Ltd SHSE:601949
70 GF Score
Price ¥5.17
GF Value ¥6.34
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is China Publishing & Media Holdings Co Cyclically Adjusted PS Ratio?

China Publishing & Media Holdings Co SHSE:601949 -2.64% 70 Cyclically Adjusted PS Ratio is 1.55 as of Aug. 14, 2026, which is 23% below its 10-year median of 2.01. GuruFocus rates SHSE:601949 with a GF Score™ of 70/100 and a GF Value™ of ¥6.34 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 736 Media - Diversified companies, China Publishing & Media Holdings Co ranks worse than 69.29% on this metric.

As of today (2026-08-14), China Publishing & Media Holdings Co's current share price is ¥5.17. China Publishing & Media Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥3.34. China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio for today is 1.55.

The historical rank and industry rank for China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:601949' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.01   Max: 2.66
Current: 1.58

During the past years, China Publishing & Media Holdings Co's highest Cyclically Adjusted PS Ratio was 2.66. The lowest was 1.40. And the median was 2.01.

SHSE:601949's Cyclically Adjusted PS Ratio is ranked worse than
69.29% of 736 companies
in the Media - Diversified industry
Industry Median: 0.78 vs SHSE:601949: 1.58

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 Publishing & Media Holdings Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.364. 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 ¥3.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Publishing & Media Holdings Co  (SHSE:601949) 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 Publishing & Media Holdings Co Cyclically Adjusted PS Ratio Related Terms


China Publishing & Media Holdings Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Publishing & Media Holdings 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.

China Publishing & Media Holdings Co Cyclically Adjusted PS Ratio Chart

China Publishing & Media Holdings 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 0.00 0.00 0.00 2.14 1.94

China Publishing & Media Holdings 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 2.05 2.01 2.05 1.94 1.90

SHSE:601949 vs NYT, WLY: Cyclically Adjusted PS Ratio Comparison

For the Publishing subindustry, China Publishing & Media Holdings 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.


China Publishing & Media Holdings Co Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio falls into.


SHSE:601949
70GF Score
China Publishing & Media Holdings Co Ltd SHSE:601949
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Publishing & Media Holdings 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.

China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.17/3.34
=1.55

* 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 Publishing & Media Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China Publishing & Media Holdings 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)
=0.364/116.3033*116.3033
=0.364

Current CPI (Mar. 2026) = 116.3033.

China Publishing & Media Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.635 101.400 0.728
201609 0.561 102.400 0.637
201612 1.358 102.600 1.539
201703 0.429 103.200 0.483
201706 0.756 103.100 0.853
201709 0.668 104.100 0.746
201712 1.042 104.500 1.160
201803 0.364 105.300 0.402
201806 0.759 104.900 0.842
201809 0.656 106.600 0.716
201812 1.147 106.500 1.253
201903 0.481 107.700 0.519
201906 0.894 107.700 0.965
201909 0.796 109.800 0.843
201912 1.339 111.200 1.400
202003 0.388 112.300 0.402
202006 0.812 110.400 0.855
202009 0.721 111.700 0.751
202012 1.341 111.500 1.399
202103 0.538 112.662 0.555
202106 0.869 111.769 0.904
202109 0.731 112.215 0.758
202112 1.335 113.108 1.373
202203 0.456 114.335 0.464
202206 0.795 114.558 0.807
202209 0.688 115.339 0.694
202212 1.497 115.116 1.512
202303 0.560 115.116 0.566
202306 0.851 114.558 0.864
202309 0.705 115.339 0.711
202312 1.258 114.781 1.275
202403 0.501 115.227 0.506
202406 0.790 114.781 0.800
202409 0.694 115.785 0.697
202412 1.223 114.893 1.238
202503 0.429 115.116 0.433
202506 0.674 114.907 0.682
202509 0.584 115.471 0.588
202512 1.115 115.832 1.120
202603 0.364 116.303 0.364

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 1.55 mean?
China Publishing & Media Holdings Co (SHSE:601949) has a Cyclically Adjusted PS Ratio of 1.55 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 China Publishing & Media Holdings Co and its competitors. This is 23% below median its historical median of 2.01. Over the past decade, China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio has ranged from 1.40 to 2.66. According to the industry distribution chart, China Publishing & Media Holdings Co ranks #510 out of 736 companies in the Media - Diversified industry, placing it in the top 69.3%.
Is China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio too high?
China Publishing & Media Holdings Co's current Cyclically Adjusted PS Ratio of 1.55 is 23% below median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 2.66. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.78. China Publishing & Media Holdings Co's value of 1.55 is 98.7% above this industry median. Based on the distribution chart, China Publishing & Media Holdings Co ranks #510 out of 736 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, China Publishing & Media Holdings Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Publishing & Media Holdings Co's Cyclically Adjusted PS Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, China Publishing & Media Holdings Co ranks #510 out of 736 companies for Cyclically Adjusted PS Ratio. This places China Publishing & Media Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. China Publishing & Media Holdings Co's value of 1.55 is 98.7% above this benchmark. Historically, China Publishing & Media Holdings Co's own Cyclically Adjusted PS Ratio has ranged from 1.40 to 2.66 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 0.78, China Publishing & Media Holdings 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.78, based on 736 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 Publishing & Media Holdings Co's current Cyclically Adjusted PS Ratio of 1.55 is 98.7% 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 China Publishing & Media Holdings Co and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Publishing & Media Holdings Co's current Cyclically Adjusted PS Ratio is 1.55, which is 23% below median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Publishing & Media Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, China Publishing & Media Holdings Co (SHSE:601949) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.34, compared to a current price of ¥5.17 — trading 18.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.55, which is 23% below median its 10-year median of 2.01 and 98.7% above the Media - Diversified industry median of 0.78. China Publishing & Media Holdings Co's overall GF Score™ is 70/100 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 China Publishing & Media Holdings Co (SHSE:601949), the current Cyclically Adjusted PS Ratio is 1.55 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 China Publishing & Media Holdings Co (SHSE:601949) Overvalued in 2026?

Based on GuruFocus' analysis, China Publishing & Media Holdings Co stock appears to be undervalued. The current stock price of ¥5.17 is trading 18.5% below its estimated GF Value™ of ¥6.34. GuruFocus considers China Publishing & Media Holdings Co to be Modestly Undervalued.

Key valuation signals for SHSE:601949:

  • Cyclically Adjusted PS Ratio: 1.55 (23% below median its 10-year median of 2.01)
  • GF Value™: ¥6.34 vs. price of ¥5.17 (18.5% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 98.7% above the Media - Diversified median (#510 of 736)

No single metric tells the full story. See the SHSE:601949 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Publishing & Media Holdings Co Business Description

Address No. 55, Chaoyangmennei Street, Dongcheng District, Beijing, CHN, 100010
China Publishing & Media Holdings Co Ltd is a specialized and large-scale publishing group. The company's publishing business mainly includes book publishing, newspaper publishing, electronic audio and video publishing and related copyright business.
70GF Score

Get the complete analysis for SHSE:601949

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

¥5.17
Price
¥6.34
GF Value