Hangzhou Freely Communication Co (SHSE:603602) Cyclically Adjusted PS Ratio: 1.85 (As of Aug. 13, 2026) — 24% Below Median

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SHSE:603602 Hangzhou Freely Communication Co Ltd SHSE:603602
64 GF Score
Price ¥11.62
GF Value ¥17.50
Valuation Possible Value Trap
! 5 Warning Signs
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What is Hangzhou Freely Communication Co Cyclically Adjusted PS Ratio?

Hangzhou Freely Communication Co SHSE:603602 -1.02% 64 Cyclically Adjusted PS Ratio is 1.85 as of Aug. 13, 2026, which is 24% below its 10-year median of 2.43. GuruFocus rates SHSE:603602 with a GF Score™ of 64/100 and a GF Value™ of ¥17.50 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 303 Telecommunication Services companies, Hangzhou Freely Communication Co ranks worse than 61.06% on this metric.

As of today (2026-08-13), Hangzhou Freely Communication Co's current share price is ¥11.62. Hangzhou Freely Communication Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥6.29. Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio for today is 1.85.

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

SHSE:603602' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.53   Med: 2.43   Max: 2.74
Current: 1.77

During the past years, Hangzhou Freely Communication Co's highest Cyclically Adjusted PS Ratio was 2.74. The lowest was 1.53. And the median was 2.43.

SHSE:603602's Cyclically Adjusted PS Ratio is ranked worse than
61.06% of 303 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs SHSE:603602: 1.77

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.

Hangzhou Freely Communication Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥1.807. 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 ¥6.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hangzhou Freely Communication Co  (SHSE:603602) 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.


Hangzhou Freely Communication Co Cyclically Adjusted PS Ratio Related Terms


Hangzhou Freely Communication Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hangzhou Freely Communication 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.

Hangzhou Freely Communication Co Cyclically Adjusted PS Ratio Chart

Hangzhou Freely Communication 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 2.33

Hangzhou Freely Communication 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 2.77 2.55 2.43 2.33 2.06

SHSE:603602 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Hangzhou Freely Communication 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.


Hangzhou Freely Communication Co Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio falls into.


SHSE:603602
64GF Score
Hangzhou Freely Communication Co Ltd SHSE:603602
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hangzhou Freely Communication 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.

Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.62/6.29
=1.85

* 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.

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

For example, Hangzhou Freely Communication 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)
=1.807/116.3033*116.3033
=1.807

Current CPI (Mar. 2026) = 116.3033.

Hangzhou Freely Communication Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 100.600 0.000
201609 0.392 102.400 0.445
201612 1.556 102.600 1.764
201703 0.300 103.200 0.338
201706 1.219 103.100 1.375
201709 0.586 104.100 0.655
201712 1.170 104.500 1.302
201803 0.371 105.300 0.410
201806 1.022 104.900 1.133
201809 0.444 106.600 0.484
201812 0.958 106.500 1.046
201903 0.597 107.700 0.645
201906 1.264 107.700 1.365
201909 0.918 109.800 0.972
201912 1.457 111.200 1.524
202003 0.423 112.300 0.438
202006 0.738 110.400 0.777
202009 7.489 111.700 7.798
202012 1.851 111.500 1.931
202103 0.918 112.662 0.948
202106 0.897 111.769 0.933
202109 1.104 112.215 1.144
202112 1.680 113.108 1.727
202203 0.940 114.335 0.956
202206 1.752 114.558 1.779
202209 1.053 115.339 1.062
202212 2.234 115.116 2.257
202303 1.020 115.116 1.031
202306 1.361 114.558 1.382
202309 1.814 115.339 1.829
202312 2.557 114.781 2.591
202403 3.344 115.227 3.375
202406 1.778 114.781 1.802
202409 2.469 115.785 2.480
202412 1.247 114.893 1.262
202503 2.020 115.116 2.041
202506 1.514 114.907 1.532
202509 2.191 115.471 2.207
202512 2.782 115.832 2.793
202603 1.807 116.303 1.807

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 1.85 mean?
Hangzhou Freely Communication Co (SHSE:603602) has a Cyclically Adjusted PS Ratio of 1.85 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 Hangzhou Freely Communication Co and its competitors. This is 24% below median its historical median of 2.43. Over the past decade, Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio has ranged from 1.53 to 2.74. According to the industry distribution chart, Hangzhou Freely Communication Co ranks #185 out of 303 companies in the Telecommunication Services industry, placing it in the top 61.1%.
Is Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio too high?
Hangzhou Freely Communication Co's current Cyclically Adjusted PS Ratio of 1.85 is 24% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 2.74. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. Hangzhou Freely Communication Co's value of 1.85 is 58.1% above this industry median. Based on the distribution chart, Hangzhou Freely Communication Co ranks #185 out of 303 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hangzhou Freely Communication Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Freely Communication Co's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Hangzhou Freely Communication Co ranks #185 out of 303 companies for Cyclically Adjusted PS Ratio. This places Hangzhou Freely Communication Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. Hangzhou Freely Communication Co's value of 1.85 is 58.1% above this benchmark. Historically, Hangzhou Freely Communication Co's own Cyclically Adjusted PS Ratio has ranged from 1.53 to 2.74 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.17, Hangzhou Freely Communication 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 303 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. Hangzhou Freely Communication Co's current Cyclically Adjusted PS Ratio of 1.85 is 58.1% 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 Hangzhou Freely Communication Co and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Freely Communication Co's current Cyclically Adjusted PS Ratio is 1.85, which is 24% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Freely Communication Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Freely Communication Co (SHSE:603602) is currently considered Possible Value Trap. The stock's GF Value™ is ¥17.50, compared to a current price of ¥11.62 — trading 33.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.85, which is 24% below median its 10-year median of 2.43 and 58.1% above the Telecommunication Services industry median of 1.17. Hangzhou Freely Communication Co's overall GF Score™ is 64/100 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 Hangzhou Freely Communication Co (SHSE:603602), the current Cyclically Adjusted PS Ratio is 1.85 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 Hangzhou Freely Communication Co (SHSE:603602) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Freely Communication Co stock appears to be undervalued. The current stock price of ¥11.62 is trading 33.6% below its estimated GF Value™ of ¥17.50. GuruFocus considers Hangzhou Freely Communication Co to be Possible Value Trap.

Key valuation signals for SHSE:603602:

  • Cyclically Adjusted PS Ratio: 1.85 (24% below median its 10-year median of 2.43)
  • GF Value™: ¥17.50 vs. price of ¥11.62 (33.6% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 58.1% above the Telecommunication Services median (#185 of 303)

No single metric tells the full story. See the SHSE:603602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Freely Communication Co Business Description

Address No. 190 Xietong Road, Xixing Street, 18th Floor, Building A, Zongheng Communication, Binjiang District, Hangzhou, CHN, 310051
Hangzhou Freely Communication Co Ltd is a communication network technology service provider. It is mainly engaged in communication extension network construction, communication network generation, and communication network optimization. The company's service portfolio consists of base station installation engineering services, indoor distribution system technical services, integrated access technology services, and network generation services.
64GF Score

Get the complete analysis for SHSE:603602

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

¥11.62
Price
¥17.50
GF Value