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CMOC GroupSHSE:603993 -4.52%74 Cyclically Adjusted PS Ratio is 2.73 as of Sep. 11, 2026, which is 71% above its 10-year median of 1.60. GuruFocus rates SHSE:603993 with a GF Score™ of 74/100 and a GF Value™ of ¥8.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 577 Metals & Mining companies, CMOC Group ranks worse than 173310.05% on this metric.
The historical rank and industry rank for CMOC Group's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past 13 years, CMOC Group's highest Cyclically Adjusted PS Ratio was 4.20. The lowest was 0.79. And the median was 1.60.
SHSE:603993's Cyclically Adjusted PS Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.32 * Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.
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.
CMOC Group's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ¥9.643. 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 ¥6.65 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
CMOC Group (SHSE:603993) 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.
CMOC Group Cyclically Adjusted PS Ratio Related Terms
CMOC Group Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for CMOC Group'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.
CMOC Group Cyclically Adjusted PS Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, CMOC Group'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.
CMOC Group Cyclically Adjusted PS Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, CMOC Group's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where CMOC Group's Cyclically Adjusted PS Ratio falls into.
CMOC Group 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.
CMOC Group's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 2.73 mean?
CMOC Group (SHSE:603993) has a Cyclically Adjusted PS Ratio of 2.73 as of Sep. 11, 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 CMOC Group and its competitors. This is 71% above median its historical median of 1.60. Over the past decade, CMOC Group's Cyclically Adjusted PS Ratio has ranged from 0.79 to 4.20. According to the industry distribution chart, CMOC Group ranks #999999 out of 577 companies in the Metals & Mining industry.
Is CMOC Group's Cyclically Adjusted PS Ratio too high?
CMOC Group's current Cyclically Adjusted PS Ratio of 2.73 is 71% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 4.20. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.32. CMOC Group's value of 2.73 is 17.7% above this industry median. Based on the distribution chart, CMOC Group ranks #999999 out of 577 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, CMOC Group has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CMOC Group's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, CMOC Group ranks #999999 out of 577 companies for Cyclically Adjusted PS Ratio. This places CMOC Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.32. CMOC Group's value of 2.73 is 17.7% above this benchmark. Historically, CMOC Group's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 4.20 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 2.32, CMOC Group 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 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. CMOC Group's current Cyclically Adjusted PS Ratio of 2.73 is 17.7% 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 CMOC Group 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. CMOC Group's current Cyclically Adjusted PS Ratio is 2.73, which is 71% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMOC Group stock overvalued right now?
Based on GuruFocus' analysis, CMOC Group (SHSE:603993) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.59, compared to a current price of ¥18.15 — trading 111.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.73, which is 71% above median its 10-year median of 1.60 and 17.7% above the Metals & Mining industry median of 2.32. CMOC Group's overall GF Score™ is 74/100 with 1 warning sign 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 CMOC Group (SHSE:603993), the current Cyclically Adjusted PS Ratio is 2.73 as of Sep. 11, 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 CMOC Group (SHSE:603993) Overvalued in 2026?
Based on GuruFocus' analysis, CMOC Group stock appears to be overvalued.
The current stock price of ¥18.15 is trading 111.3% above its estimated GF Value™ of ¥8.59.
GuruFocus considers CMOC Group to be Significantly Overvalued.
Key valuation signals for SHSE:603993:
Cyclically Adjusted PS Ratio: 2.73 (71% above median its 10-year median of 1.60)
GF Value™: ¥8.59 vs. price of ¥18.15 (111.3% above fair value)
Industry Position: 17.7% above the Metals & Mining median (#999999 of 577)
No single metric tells the full story. See the SHSE:603993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten related products, Niobium and Phosphorus related products, Copper and Cobalt related products, metal trading and others. It derives a majority of its revenue from China.
74GF Score
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