Koal Software Co (SHSE:603232) Cyclically Adjusted PS Ratio: 7.21 (As of Aug. 06, 2026) — Near Median

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SHSE:603232 Koal Software Co Ltd SHSE:603232
72 GF Score
Price ¥15.72
GF Value ¥10.70
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Koal Software Co Cyclically Adjusted PS Ratio?

Koal Software Co SHSE:603232 +0.38% 72 Cyclically Adjusted PS Ratio is 7.21 as of Aug. 06, 2026, which is 4% below its 10-year median of 7.50. GuruFocus rates SHSE:603232 with a GF Score™ of 72/100 and a GF Value™ of ¥10.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,587 Software companies, Koal Software Co ranks worse than 82.29% on this metric.

As of today (2026-08-06), Koal Software Co's current share price is ¥15.72. Koal Software Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥2.18. Koal Software Co's Cyclically Adjusted PS Ratio for today is 7.21.

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

SHSE:603232' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.37   Med: 7.5   Max: 12.54
Current: 5.94

During the past years, Koal Software Co's highest Cyclically Adjusted PS Ratio was 12.54. The lowest was 5.37. And the median was 7.50.

SHSE:603232's Cyclically Adjusted PS Ratio is ranked worse than
82.29% of 1587 companies
in the Software industry
Industry Median: 1.66 vs SHSE:603232: 5.94

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.

Koal Software Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥0.277. 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 ¥2.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koal Software Co  (SHSE:603232) 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.


Koal Software Co Cyclically Adjusted PS Ratio Related Terms


Koal Software Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Koal Software 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.

Koal Software Co Cyclically Adjusted PS Ratio Chart

Koal Software 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 5.82 10.63

Koal Software 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 6.39 7.90 6.91 10.63 9.03

SHSE:603232 vs MSFT, ORCL, PLTR: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Koal Software 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.


Koal Software Co Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Koal Software Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Koal Software Co's Cyclically Adjusted PS Ratio falls into.


SHSE:603232
72GF Score
Koal Software Co Ltd SHSE:603232
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koal Software 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.

Koal Software Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.72/2.18
=7.21

* 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.

Koal Software Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Koal Software 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)
=0.277/116.3033*116.3033
=0.277

Current CPI (Mar. 2026) = 116.3033.

Koal Software Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.262 101.400 0.301
201609 0.255 102.400 0.290
201612 0.695 102.600 0.788
201703 0.322 103.200 0.363
201706 0.212 103.100 0.239
201709 0.274 104.100 0.306
201712 0.775 104.500 0.863
201803 0.289 105.300 0.319
201806 0.219 104.900 0.243
201809 0.395 106.600 0.431
201812 0.737 106.500 0.805
201903 0.373 107.700 0.403
201906 0.169 107.700 0.183
201909 0.210 109.800 0.222
201912 1.375 111.200 1.438
202003 0.216 112.300 0.224
202006 0.264 110.400 0.278
202009 0.459 111.700 0.478
202012 1.128 111.500 1.177
202103 0.306 112.662 0.316
202106 0.486 111.769 0.506
202109 0.476 112.215 0.493
202112 1.281 113.108 1.317
202203 0.589 114.335 0.599
202206 0.706 114.558 0.717
202209 0.731 115.339 0.737
202212 1.072 115.116 1.083
202303 0.296 115.116 0.299
202306 0.408 114.558 0.414
202309 0.705 115.339 0.711
202312 1.032 114.781 1.046
202403 0.207 115.227 0.209
202406 0.645 114.781 0.654
202409 0.547 115.785 0.549
202412 0.949 114.893 0.961
202503 0.200 115.116 0.202
202506 0.291 114.907 0.295
202509 0.516 115.471 0.520
202512 0.507 115.832 0.509
202603 0.277 116.303 0.277

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 7.21 mean?
Koal Software Co (SHSE:603232) has a Cyclically Adjusted PS Ratio of 7.21 as of Aug. 06, 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 Koal Software Co and its competitors. This is near median its historical median of 7.50. Over the past decade, Koal Software Co's Cyclically Adjusted PS Ratio has ranged from 5.37 to 12.54. According to the industry distribution chart, Koal Software Co ranks #1306 out of 1587 companies in the Software industry, placing it in the top 82.3%.
Is Koal Software Co's Cyclically Adjusted PS Ratio too high?
Koal Software Co's current Cyclically Adjusted PS Ratio of 7.21 is near median its 10-year median of 7.50. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 12.54. The Software industry median Cyclically Adjusted PS Ratio is 1.66. Koal Software Co's value of 7.21 is 334.3% above this industry median. Based on the distribution chart, Koal Software Co ranks #1306 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Koal Software Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koal Software Co's Cyclically Adjusted PS Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Koal Software Co ranks #1306 out of 1587 companies for Cyclically Adjusted PS Ratio. This places Koal Software Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. Koal Software Co's value of 7.21 is 334.3% above this benchmark. Historically, Koal Software Co's own Cyclically Adjusted PS Ratio has ranged from 5.37 to 12.54 over the past decade. While the company's 10-year median is 7.50 vs. the industry median of 1.66, Koal Software 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,587 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. Koal Software Co's current Cyclically Adjusted PS Ratio of 7.21 is 334.3% 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 Koal Software Co and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koal Software Co's current Cyclically Adjusted PS Ratio is 7.21, which is near median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koal Software Co stock overvalued right now?
Based on GuruFocus' analysis, Koal Software Co (SHSE:603232) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.70, compared to a current price of ¥15.72 — trading 46.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.21, which is near median its 10-year median of 7.50 and 334.3% above the Software industry median of 1.66. Koal Software Co's overall GF Score™ is 72/100 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 Koal Software Co (SHSE:603232), the current Cyclically Adjusted PS Ratio is 7.21 as of Aug. 06, 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 Koal Software Co (SHSE:603232) Overvalued in 2026?

Based on GuruFocus' analysis, Koal Software Co stock appears to be overvalued. The current stock price of ¥15.72 is trading 46.9% above its estimated GF Value™ of ¥10.70. GuruFocus considers Koal Software Co to be Significantly Overvalued.

Key valuation signals for SHSE:603232:

  • Cyclically Adjusted PS Ratio: 7.21 (near median its 10-year median of 7.50)
  • GF Value™: ¥10.70 vs. price of ¥15.72 (46.9% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 334.3% above the Software median (#1306 of 1587)

No single metric tells the full story. See the SHSE:603232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koal Software Co Business Description

Address No. 1-7, Lane 58, Muchuan Road, Industry Base A2 Building, Sijing Town, Songjiang District, Shanghai, CHN, 201601
Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.
72GF Score

Get the complete analysis for SHSE:603232

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

¥15.72
Price
¥10.70
GF Value