Jiangsu Lidao New Material Co (SHSE:603937) Cyclically Adjusted PS Ratio: 1.51 (As of Sep. 06, 2026) — Near 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:603937 Jiangsu Lidao New Material Co Ltd SHSE:603937
67 GF Score
Price ¥11.60
GF Value ¥9.58
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Jiangsu Lidao New Material Co Cyclically Adjusted PS Ratio?

Jiangsu Lidao New Material Co SHSE:603937 -1.19% 67 Cyclically Adjusted PS Ratio is 1.51 as of Sep. 06, 2026, which is 5% above its 10-year median of 1.44. GuruFocus rates SHSE:603937 with a GF Score™ of 67/100 and a GF Value™ of ¥9.58 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 577 Metals & Mining companies, Jiangsu Lidao New Material Co ranks better than 61.01% on this metric.

As of today (2026-09-06), Jiangsu Lidao New Material Co's current share price is ¥11.60. Jiangsu Lidao New Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ¥7.70. Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio for today is 1.51.

The historical rank and industry rank for Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:603937' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.44   Max: 2.48
Current: 1.51

During the past years, Jiangsu Lidao New Material Co's highest Cyclically Adjusted PS Ratio was 2.48. The lowest was 1.02. And the median was 1.44.

SHSE:603937's Cyclically Adjusted PS Ratio is ranked better than
61.01% of 577 companies
in the Metals & Mining industry
Industry Median: 2.32 vs SHSE:603937: 1.51

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.

Jiangsu Lidao New Material Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ¥2.904. 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 ¥7.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Lidao New Material Co  (SHSE:603937) 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.


Jiangsu Lidao New Material Co Cyclically Adjusted PS Ratio Related Terms


Jiangsu Lidao New Material Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jiangsu Lidao New Material 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.

Jiangsu Lidao New Material Co Cyclically Adjusted PS Ratio Chart

Jiangsu Lidao New Material 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 1.13 1.56

Jiangsu Lidao New Material 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 1.25 1.61 1.56 1.82 1.82

SHSE:603937 vs AA: Cyclically Adjusted PS Ratio Comparison

For the Aluminum subindustry, Jiangsu Lidao New Material 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.


Jiangsu Lidao New Material Co Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio falls into.


SHSE:603937
67GF Score
Jiangsu Lidao New Material Co Ltd SHSE:603937
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Lidao New Material 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.

Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.60/7.70
=1.51

* 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.

Jiangsu Lidao New Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Jiangsu Lidao New Material 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)
=2.904/116.0564*116.0564
=2.904

Current CPI (Jun. 2026) = 116.0564.

Jiangsu Lidao New Material Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.652 102.400 1.872
201612 2.164 102.600 2.448
201703 1.514 103.200 1.703
201706 1.992 103.100 2.242
201709 2.174 104.100 2.424
201712 1.844 104.500 2.048
201803 1.304 105.300 1.437
201806 1.508 104.900 1.668
201809 1.770 106.600 1.927
201812 1.550 106.500 1.689
201903 1.368 107.700 1.474
201906 1.536 107.700 1.655
201909 1.876 109.800 1.983
201912 1.475 111.200 1.539
202003 0.909 112.300 0.939
202006 1.637 110.400 1.721
202009 2.115 111.700 2.197
202012 1.872 111.500 1.948
202103 1.812 112.662 1.867
202106 2.378 111.769 2.469
202109 1.886 112.215 1.951
202112 2.248 113.108 2.307
202203 1.804 114.335 1.831
202206 1.798 114.558 1.822
202209 2.291 115.339 2.305
202212 1.795 115.116 1.810
202303 1.768 115.116 1.782
202306 1.780 114.558 1.803
202309 1.979 115.339 1.991
202312 1.191 114.781 1.204
202403 5.335 115.227 5.373
202406 2.752 114.781 2.783
202409 2.450 115.785 2.456
202412 1.347 114.893 1.361
202503 1.341 115.116 1.352
202506 1.598 114.907 1.614
202509 1.012 115.471 1.017
202512 1.064 115.832 1.066
202603 1.018 116.303 1.016
202606 2.904 116.056 2.904

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 1.51 mean?
Jiangsu Lidao New Material Co (SHSE:603937) has a Cyclically Adjusted PS Ratio of 1.51 as of Sep. 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 Jiangsu Lidao New Material Co and its competitors. This is near median its historical median of 1.44. Over the past decade, Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio has ranged from 1.02 to 2.48. According to the industry distribution chart, Jiangsu Lidao New Material Co ranks #225 out of 577 companies in the Metals & Mining industry, placing it in the top 39%.
Is Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio too high?
Jiangsu Lidao New Material Co's current Cyclically Adjusted PS Ratio of 1.51 is near median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 2.48. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.32. Jiangsu Lidao New Material Co's value of 1.51 is 34.9% below this industry median. Based on the distribution chart, Jiangsu Lidao New Material Co ranks #225 out of 577 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Jiangsu Lidao New Material Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Lidao New Material Co's Cyclically Adjusted PS Ratio compare to AA?
According to the Metals & Mining industry distribution chart, Jiangsu Lidao New Material Co ranks #225 out of 577 companies for Cyclically Adjusted PS Ratio. This puts Jiangsu Lidao New Material Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.32. Jiangsu Lidao New Material Co's value of 1.51 is 34.9% below this benchmark. Historically, Jiangsu Lidao New Material Co's own Cyclically Adjusted PS Ratio has ranged from 1.02 to 2.48 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 2.32, Jiangsu Lidao New Material Co has consistently been below 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.32, based on 577 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. Jiangsu Lidao New Material Co's current Cyclically Adjusted PS Ratio of 1.51 is 34.9% below 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 Jiangsu Lidao New Material Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Lidao New Material Co's current Cyclically Adjusted PS Ratio is 1.51, which is near median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Lidao New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Lidao New Material Co (SHSE:603937) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.58, compared to a current price of ¥11.60 — trading 21.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.51, which is near median its 10-year median of 1.44 and 34.9% below the Metals & Mining industry median of 2.32. Jiangsu Lidao New Material Co's overall GF Score™ is 67/100 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 Jiangsu Lidao New Material Co (SHSE:603937), the current Cyclically Adjusted PS Ratio is 1.51 as of Sep. 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 Jiangsu Lidao New Material Co (SHSE:603937) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Lidao New Material Co stock appears to be overvalued. The current stock price of ¥11.60 is trading 21.1% above its estimated GF Value™ of ¥9.58. GuruFocus considers Jiangsu Lidao New Material Co to be Modestly Overvalued.

Key valuation signals for SHSE:603937:

  • Cyclically Adjusted PS Ratio: 1.51 (near median its 10-year median of 1.44)
  • GF Value™: ¥9.58 vs. price of ¥11.60 (21.1% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 34.9% below the Metals & Mining median (#225 of 577)

No single metric tells the full story. See the SHSE:603937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Lidao New Material Co Business Description

Address 1959 Long Cheng Da Dao, Zhonglou Qu, Jiangsu Sheng, Changzhou Shi, CHN, 213012
Jiangsu Lidao New Material Co Ltd is engaged in manufacturing and selling aluminum, color coated aluminum coil and aluminum-related products. Its products portfolio includes aluminum doors, aluminum curtain wall panels, roofing, aluminum plate, and household appliances.
67GF Score

Get the complete analysis for SHSE:603937

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

¥11.60
Price
¥9.58
GF Value