Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Cyclically Adjusted PS Ratio: 5.35 (As of Sep. 17, 2026) — 40% Above Median

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
66 GF Score
Price ¥9.74
GF Value ¥6.97
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Shanghai Golden Union Commercial Management (Group) Co Cyclically Adjusted PS Ratio?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 -0.81% 66 Cyclically Adjusted PS Ratio is 5.35 as of Sep. 17, 2026, which is 40% above its 10-year median of 3.83. GuruFocus rates SHSE:603682 with a GF Score™ of 66/100 and a GF Value™ of ¥6.97 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,367 Real Estate companies, Shanghai Golden Union Commercial Management (Group) Co ranks worse than 75.79% on this metric.

As of today (2026-09-17), Shanghai Golden Union Commercial Management (Group) Co's current share price is ¥9.74. Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was ¥1.82. Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio for today is 5.35.

The historical rank and industry rank for Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:603682' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.98   Med: 3.83   Max: 5.8
Current: 4.89

During the past 11 years, Shanghai Golden Union Commercial Management (Group) Co's highest Cyclically Adjusted PS Ratio was 5.80. The lowest was 2.98. And the median was 3.83.

SHSE:603682's Cyclically Adjusted PS Ratio is ranked worse than
75.79% of 1367 companies
in the Real Estate industry
Industry Median: 1.78 vs SHSE:603682: 4.89

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.

Shanghai Golden Union Commercial Management (Group) Co's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ¥1.994. 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 ¥1.82 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Golden Union Commercial Management (Group) Co  (SHSE:603682) 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.


Shanghai Golden Union Commercial Management (Group) Co Cyclically Adjusted PS Ratio Related Terms


Shanghai Golden Union Commercial Management (Group) Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (Group) 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.

Shanghai Golden Union Commercial Management (Group) Co Cyclically Adjusted PS Ratio Chart

Shanghai Golden Union Commercial Management (Group) 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 4.35 3.62

Shanghai Golden Union Commercial Management (Group) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 3.30 3.34 3.62 3.58 4.06

SHSE:603682 vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) 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.


Shanghai Golden Union Commercial Management (Group) Co Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio falls into.


SHSE:603682
66GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Golden Union Commercial Management (Group) 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.

Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.74/1.819
=5.35

* 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.

Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shanghai Golden Union Commercial Management (Group) Co's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.994/115.8323*115.8323
=1.994

Current CPI (Dec25) = 115.8323.

Shanghai Golden Union Commercial Management (Group) Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.123 102.600 1.268
201712 1.379 104.500 1.529
201812 1.682 106.500 1.829
201912 1.734 111.200 1.806
202012 1.556 111.500 1.616
202112 1.909 113.108 1.955
202212 1.854 115.116 1.866
202312 2.167 114.781 2.187
202412 2.123 114.893 2.140
202512 1.994 115.832 1.994

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 5.35 mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a Cyclically Adjusted PS Ratio of 5.35 as of Sep. 17, 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. This is 40% above median its historical median of 3.83. Over the past decade, Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio has ranged from 2.98 to 5.80. According to the industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1036 out of 1367 companies in the Real Estate industry, placing it in the top 75.8%.
Is Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio too high?
Shanghai Golden Union Commercial Management (Group) Co's current Cyclically Adjusted PS Ratio of 5.35 is 40% above median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 5.80. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. Shanghai Golden Union Commercial Management (Group) Co's value of 5.35 is 200.6% above this industry median. Based on the distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1036 out of 1367 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1036 out of 1367 companies for Cyclically Adjusted PS Ratio. This places Shanghai Golden Union Commercial Management (Group) Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. Shanghai Golden Union Commercial Management (Group) Co's value of 5.35 is 200.6% above this benchmark. Historically, Shanghai Golden Union Commercial Management (Group) Co's own Cyclically Adjusted PS Ratio has ranged from 2.98 to 5.80 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 1.78, Shanghai Golden Union Commercial Management (Group) 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,367 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. Shanghai Golden Union Commercial Management (Group) Co's current Cyclically Adjusted PS Ratio of 5.35 is 200.6% 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Golden Union Commercial Management (Group) Co's current Cyclically Adjusted PS Ratio is 5.35, which is 40% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.97, compared to a current price of ¥9.74 — trading 39.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.35, which is 40% above median its 10-year median of 3.83 and 200.6% above the Real Estate industry median of 1.78. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 66/100 with 8 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682), the current Cyclically Adjusted PS Ratio is 5.35 as of Sep. 17, 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥9.74 is trading 39.7% above its estimated GF Value™ of ¥6.97. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • Cyclically Adjusted PS Ratio: 5.35 (40% above median its 10-year median of 3.83)
  • GF Value™: ¥6.97 vs. price of ¥9.74 (39.7% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 200.6% above the Real Estate median (#1036 of 1367)

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
66GF Score

Get the complete analysis for SHSE:603682

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

¥9.74
Price
¥6.97
GF Value