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SHSE:688011's Cyclically Adjusted PS Ratio is ranked worse than 98.99% of 1971
companies
in the Hardware industry
Industry Median: 1.39
vs SHSE:688011: 41.08
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.
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) 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.
Harbin Xinguang Optic-Electronics Technology Co Cyclically Adjusted PS Ratio Related Terms
Harbin Xinguang Optic-Electronics Technology Co Cyclically Adjusted PS Ratio Historical Data
* 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.
Harbin Xinguang Optic-Electronics Technology Co Cyclically Adjusted PS Ratio Chart
Harbin Xinguang Optic-Electronics Technology Co Annual Data
SHSE:688011 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, Harbin Xinguang Optic-Electronics Technology 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.
Harbin Xinguang Optic-Electronics Technology Co Cyclically Adjusted PS Ratio vs Hardware Industry
Harbin Xinguang Optic-Electronics Technology 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.
* 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 41.15 mean?
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) has a Cyclically Adjusted PS Ratio of 41.15 as of Aug. 28, 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 Harbin Xinguang Optic-Electronics Technology Co and its competitors. This is 15% above median its historical median of 35.74. Over the past decade, Harbin Xinguang Optic-Electronics Technology Co's Cyclically Adjusted PS Ratio has ranged from 33.25 to 41.08. According to the industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1951 out of 1971 companies in the Hardware industry, placing it in the top 99%.
Is Harbin Xinguang Optic-Electronics Technology Co's Cyclically Adjusted PS Ratio too high?
Harbin Xinguang Optic-Electronics Technology Co's current Cyclically Adjusted PS Ratio of 41.15 is 15% above median its 10-year median of 35.74. Over the past 10 years, this metric has ranged from a low of 33.25 to a high of 41.08. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Harbin Xinguang Optic-Electronics Technology Co's value of 41.15 is 2860.4% above this industry median. Based on the distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1951 out of 1971 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Harbin Xinguang Optic-Electronics Technology Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Xinguang Optic-Electronics Technology Co's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #1951 out of 1971 companies for Cyclically Adjusted PS Ratio. This places Harbin Xinguang Optic-Electronics Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. Harbin Xinguang Optic-Electronics Technology Co's value of 41.15 is 2860.4% above this benchmark. Historically, Harbin Xinguang Optic-Electronics Technology Co's own Cyclically Adjusted PS Ratio has ranged from 33.25 to 41.08 over the past decade. While the company's 10-year median is 35.74 vs. the industry median of 1.39, Harbin Xinguang Optic-Electronics Technology 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,971 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. Harbin Xinguang Optic-Electronics Technology Co's current Cyclically Adjusted PS Ratio of 41.15 is 2860.4% 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 Harbin Xinguang Optic-Electronics Technology Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Xinguang Optic-Electronics Technology Co's current Cyclically Adjusted PS Ratio is 41.15, which is 15% above median its own 10-year median of 35.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Xinguang Optic-Electronics Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥23.45, compared to a current price of ¥79.00 — trading 236.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 41.15, which is 15% above median its 10-year median of 35.74 and 2860.4% above the Hardware industry median of 1.39. Harbin Xinguang Optic-Electronics Technology Co's overall GF Score™ is 58/100 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011), the current Cyclically Adjusted PS Ratio is 41.15 as of Aug. 28, 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co stock appears to be overvalued.
The current stock price of ¥79.00 is trading 236.9% above its estimated GF Value™ of ¥23.45.
GuruFocus considers Harbin Xinguang Optic-Electronics Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688011:
Cyclically Adjusted PS Ratio: 41.15 (15% above median its 10-year median of 35.74)
GF Value™: ¥23.45 vs. price of ¥79.00 (236.9% above fair value)
Industry Position: 2860.4% above the Hardware median (#1951 of 1971)
No single metric tells the full story. See the SHSE:688011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Xinguang Optic-Electronics Technology Co Ltd is engaged in providing high-precision components, devices, systems and solutions for optical targets and scene simulation, optical guidance, optoelectronic-specific testing and laser countermeasures.
58GF Score
Get the complete analysis for SHSE:688011
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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