China Automotive Engineering Research Institute Co (SHSE:601965) Cyclically Adjusted PS Ratio: 3.82 (As of Aug. 13, 2026) — 37% 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:601965 China Automotive Engineering Research Institute Co Ltd SHSE:601965
78 GF Score
Price ¥13.88
GF Value ¥20.83
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is China Automotive Engineering Research Institute Co Cyclically Adjusted PS Ratio?

China Automotive Engineering Research Institute Co SHSE:601965 -1.56% 78 Cyclically Adjusted PS Ratio is 3.82 as of Aug. 13, 2026, which is 37% below its 10-year median of 6.10. GuruFocus rates SHSE:601965 with a GF Score™ of 78/100 and a GF Value™ of ¥20.83 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,040 Vehicles & Parts companies, China Automotive Engineering Research Institute Co ranks worse than 88.46% on this metric.

As of today (2026-08-13), China Automotive Engineering Research Institute Co's current share price is ¥13.88. China Automotive Engineering Research Institute Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥3.63. China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio for today is 3.82.

The historical rank and industry rank for China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:601965' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.22   Med: 6.1   Max: 9.14
Current: 3.9

During the past years, China Automotive Engineering Research Institute Co's highest Cyclically Adjusted PS Ratio was 9.14. The lowest was 3.22. And the median was 6.10.

SHSE:601965's Cyclically Adjusted PS Ratio is ranked worse than
88.46% of 1040 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs SHSE:601965: 3.90

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.

China Automotive Engineering Research Institute Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.787. 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 ¥3.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Automotive Engineering Research Institute Co  (SHSE:601965) 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 Automotive Engineering Research Institute Co Cyclically Adjusted PS Ratio Related Terms


China Automotive Engineering Research Institute Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Automotive Engineering Research Institute 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 Automotive Engineering Research Institute Co Cyclically Adjusted PS Ratio Chart

China Automotive Engineering Research Institute 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 7.31 7.00 7.39 5.52 4.66

China Automotive Engineering Research Institute 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 5.80 5.35 5.24 4.66 4.75

SHSE:601965 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, China Automotive Engineering Research Institute 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 Automotive Engineering Research Institute Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio falls into.


SHSE:601965
78GF Score
China Automotive Engineering Research Institute Co Ltd SHSE:601965
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Automotive Engineering Research Institute 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 Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.88/3.63
=3.82

* 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 Automotive Engineering Research Institute Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China Automotive Engineering Research Institute 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)
=0.787/116.3033*116.3033
=0.787

Current CPI (Mar. 2026) = 116.3033.

China Automotive Engineering Research Institute Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.565 101.400 0.648
201609 0.387 102.400 0.440
201612 0.562 102.600 0.637
201703 0.404 103.200 0.455
201706 0.682 103.100 0.769
201709 0.565 104.100 0.631
201712 0.747 104.500 0.831
201803 0.667 105.300 0.737
201806 0.838 104.900 0.929
201809 0.597 106.600 0.651
201812 0.767 106.500 0.838
201903 0.531 107.700 0.573
201906 0.613 107.700 0.662
201909 0.622 109.800 0.659
201912 1.042 111.200 1.090
202003 0.476 112.300 0.493
202006 1.100 110.400 1.159
202009 0.838 111.700 0.873
202012 1.028 111.500 1.072
202103 0.853 112.662 0.881
202106 1.004 111.769 1.045
202109 0.811 112.215 0.841
202112 1.201 113.108 1.235
202203 0.562 114.335 0.572
202206 0.837 114.558 0.850
202209 0.812 115.339 0.819
202212 1.130 115.116 1.142
202303 0.746 115.116 0.754
202306 0.942 114.558 0.956
202309 0.912 115.339 0.920
202312 1.490 114.781 1.510
202403 0.895 115.227 0.903
202406 1.191 114.781 1.207
202409 1.028 115.785 1.033
202412 1.664 114.893 1.684
202503 0.877 115.116 0.886
202506 1.043 114.907 1.056
202509 1.126 115.471 1.134
202512 1.925 115.832 1.933
202603 0.787 116.303 0.787

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 3.82 mean?
China Automotive Engineering Research Institute Co (SHSE:601965) has a Cyclically Adjusted PS Ratio of 3.82 as of Aug. 13, 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 Automotive Engineering Research Institute Co and its competitors. This is 37% below median its historical median of 6.10. Over the past decade, China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio has ranged from 3.22 to 9.14. According to the industry distribution chart, China Automotive Engineering Research Institute Co ranks #920 out of 1040 companies in the Vehicles & Parts industry, placing it in the top 88.5%.
Is China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio too high?
China Automotive Engineering Research Institute Co's current Cyclically Adjusted PS Ratio of 3.82 is 37% below median its 10-year median of 6.10. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 9.14. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. China Automotive Engineering Research Institute Co's value of 3.82 is 416.2% above this industry median. Based on the distribution chart, China Automotive Engineering Research Institute Co ranks #920 out of 1040 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, China Automotive Engineering Research Institute Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Automotive Engineering Research Institute Co's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, China Automotive Engineering Research Institute Co ranks #920 out of 1040 companies for Cyclically Adjusted PS Ratio. This places China Automotive Engineering Research Institute Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. China Automotive Engineering Research Institute Co's value of 3.82 is 416.2% above this benchmark. Historically, China Automotive Engineering Research Institute Co's own Cyclically Adjusted PS Ratio has ranged from 3.22 to 9.14 over the past decade. While the company's 10-year median is 6.10 vs. the industry median of 0.74, China Automotive Engineering Research Institute 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,040 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 Automotive Engineering Research Institute Co's current Cyclically Adjusted PS Ratio of 3.82 is 416.2% 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 Automotive Engineering Research Institute Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Automotive Engineering Research Institute Co's current Cyclically Adjusted PS Ratio is 3.82, which is 37% below median its own 10-year median of 6.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Automotive Engineering Research Institute Co stock overvalued right now?
Based on GuruFocus' analysis, China Automotive Engineering Research Institute Co (SHSE:601965) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥20.83, compared to a current price of ¥13.88 — trading 33.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.82, which is 37% below median its 10-year median of 6.10 and 416.2% above the Vehicles & Parts industry median of 0.74. China Automotive Engineering Research Institute Co's overall GF Score™ is 78/100 with 4 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 Automotive Engineering Research Institute Co (SHSE:601965), the current Cyclically Adjusted PS Ratio is 3.82 as of Aug. 13, 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 Automotive Engineering Research Institute Co (SHSE:601965) Overvalued in 2026?

Based on GuruFocus' analysis, China Automotive Engineering Research Institute Co stock appears to be undervalued. The current stock price of ¥13.88 is trading 33.4% below its estimated GF Value™ of ¥20.83. GuruFocus considers China Automotive Engineering Research Institute Co to be Significantly Undervalued.

Key valuation signals for SHSE:601965:

  • Cyclically Adjusted PS Ratio: 3.82 (37% below median its 10-year median of 6.10)
  • GF Value™: ¥20.83 vs. price of ¥13.88 (33.4% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 416.2% above the Vehicles & Parts median (#920 of 1040)

No single metric tells the full story. See the SHSE:601965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Automotive Engineering Research Institute Co Business Description

Address No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN
China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.
78GF Score

Get the complete analysis for SHSE:601965

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

¥13.88
Price
¥20.83
GF Value