Zhejiang Huangma Technology Co (SHSE:603181) Cyclically Adjusted PS Ratio: 3.32 (As of Aug. 19, 2026) — 16% Below Median

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SHSE:603181 Zhejiang Huangma Technology Co Ltd SHSE:603181
88 GF Score
Price ¥12.60
GF Value ¥14.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Zhejiang Huangma Technology Co Cyclically Adjusted PS Ratio?

Zhejiang Huangma Technology Co SHSE:603181 -2.55% 88 Cyclically Adjusted PS Ratio is 3.32 as of Aug. 19, 2026, which is 16% below its 10-year median of 3.97. GuruFocus rates SHSE:603181 with a GF Score™ of 88/100 and a GF Value™ of ¥14.08 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,274 Chemicals companies, Zhejiang Huangma Technology Co ranks worse than 77% on this metric.

As of today (2026-08-19), Zhejiang Huangma Technology Co's current share price is ¥12.60. Zhejiang Huangma Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ¥3.79. Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio for today is 3.32.

The historical rank and industry rank for Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:603181' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.13   Med: 3.97   Max: 5.36
Current: 3.32

During the past years, Zhejiang Huangma Technology Co's highest Cyclically Adjusted PS Ratio was 5.36. The lowest was 3.13. And the median was 3.97.

SHSE:603181's Cyclically Adjusted PS Ratio is ranked worse than
77% of 1274 companies
in the Chemicals industry
Industry Median: 1.35 vs SHSE:603181: 3.32

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.

Zhejiang Huangma Technology Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ¥1.162. 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 ¥3.79 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Huangma Technology Co  (SHSE:603181) 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.


Zhejiang Huangma Technology Co Cyclically Adjusted PS Ratio Related Terms


Zhejiang Huangma Technology Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Huangma Technology 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.

Zhejiang Huangma Technology Co Cyclically Adjusted PS Ratio Chart

Zhejiang Huangma Technology 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 0.00 3.84

Zhejiang Huangma Technology Co 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 3.51 5.09 3.84 3.75 4.28

SHSE:603181 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Zhejiang Huangma Technology 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.


Zhejiang Huangma Technology Co Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio falls into.


SHSE:603181
88GF Score
Zhejiang Huangma Technology Co Ltd SHSE:603181
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Huangma Technology 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.

Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.60/3.79
=3.32

* 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.

Zhejiang Huangma Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zhejiang Huangma Technology Co'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)
=1.162/116.0564*116.0564
=1.162

Current CPI (Jun. 2026) = 116.0564.

Zhejiang Huangma Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.931 102.400 1.055
201612 1.008 102.600 1.140
201703 0.808 103.200 0.909
201706 0.955 103.100 1.075
201709 0.856 104.100 0.954
201712 0.832 104.500 0.924
201803 0.658 105.300 0.725
201806 0.709 104.900 0.784
201809 0.743 106.600 0.809
201812 0.749 106.500 0.816
201903 0.703 107.700 0.758
201906 0.759 107.700 0.818
201909 0.871 109.800 0.921
201912 0.878 111.200 0.916
202003 0.614 112.300 0.635
202006 0.772 110.400 0.812
202009 0.948 111.700 0.985
202012 0.981 111.500 1.021
202103 0.880 112.662 0.907
202106 1.061 111.769 1.102
202109 1.061 112.215 1.097
202112 0.956 113.108 0.981
202203 1.043 114.335 1.059
202206 1.073 114.558 1.087
202209 0.839 115.339 0.844
202212 0.795 115.116 0.801
202303 0.767 115.116 0.773
202306 0.785 114.558 0.795
202309 0.905 115.339 0.911
202312 0.870 114.781 0.880
202403 0.968 115.227 0.975
202406 1.009 114.781 1.020
202409 1.099 115.785 1.102
202412 1.030 114.893 1.040
202503 1.067 115.116 1.076
202506 1.009 114.907 1.019
202509 1.108 115.471 1.114
202512 1.004 115.832 1.006
202603 1.110 116.303 1.108
202606 1.162 116.056 1.162

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 3.32 mean?
Zhejiang Huangma Technology Co (SHSE:603181) has a Cyclically Adjusted PS Ratio of 3.32 as of Aug. 19, 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 Zhejiang Huangma Technology Co and its competitors. This is 16% below median its historical median of 3.97. Over the past decade, Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio has ranged from 3.13 to 5.36. According to the industry distribution chart, Zhejiang Huangma Technology Co ranks #981 out of 1274 companies in the Chemicals industry, placing it in the top 77%.
Is Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio too high?
Zhejiang Huangma Technology Co's current Cyclically Adjusted PS Ratio of 3.32 is 16% below median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 5.36. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.35. Zhejiang Huangma Technology Co's value of 3.32 is 145.9% above this industry median. Based on the distribution chart, Zhejiang Huangma Technology Co ranks #981 out of 1274 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Huangma Technology Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Huangma Technology Co's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Zhejiang Huangma Technology Co ranks #981 out of 1274 companies for Cyclically Adjusted PS Ratio. This places Zhejiang Huangma Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. Zhejiang Huangma Technology Co's value of 3.32 is 145.9% above this benchmark. Historically, Zhejiang Huangma Technology Co's own Cyclically Adjusted PS Ratio has ranged from 3.13 to 5.36 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.35, Zhejiang Huangma Technology 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.35, based on 1,274 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. Zhejiang Huangma Technology Co's current Cyclically Adjusted PS Ratio of 3.32 is 145.9% 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 Zhejiang Huangma Technology Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Huangma Technology Co's current Cyclically Adjusted PS Ratio is 3.32, which is 16% below median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Huangma Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Huangma Technology Co (SHSE:603181) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.08, compared to a current price of ¥12.60 — trading 10.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.32, which is 16% below median its 10-year median of 3.97 and 145.9% above the Chemicals industry median of 1.35. Zhejiang Huangma Technology Co's overall GF Score™ is 88/100 with 3 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 Zhejiang Huangma Technology Co (SHSE:603181), the current Cyclically Adjusted PS Ratio is 3.32 as of Aug. 19, 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 Zhejiang Huangma Technology Co (SHSE:603181) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Huangma Technology Co stock appears to be undervalued. The current stock price of ¥12.60 is trading 10.5% below its estimated GF Value™ of ¥14.08. GuruFocus considers Zhejiang Huangma Technology Co to be Modestly Undervalued.

Key valuation signals for SHSE:603181:

  • Cyclically Adjusted PS Ratio: 3.32 (16% below median its 10-year median of 3.97)
  • GF Value™: ¥14.08 vs. price of ¥12.60 (10.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 145.9% above the Chemicals median (#981 of 1274)

No single metric tells the full story. See the SHSE:603181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Huangma Technology Co Business Description

Address Zhangzhen Industrial New District, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363
Zhejiang Huangma Technology Co Ltd is focused on the development, production and sales of speciality surfactants. Its product offering includes more than 1,200 products in the chemical fibre Oil olate, printing and textile auxiliaries plate, lubricant and metalworking fluids plate, water reducing agent plate, coating plate, silicones surfactant plate, pesticide auxiliary plate, water treatment plate, personal care plate and other surfactant plates. The products are widely applied to silicone, lubricants and metal processing, environmentally friendly coatings, composite new materials, special fibres, agrochemical additives and other downstream areas.
88GF Score

Get the complete analysis for SHSE:603181

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

¥12.60
Price
¥14.08
GF Value