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.
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.
Shenzhen Qingyi PhotomaskSHSE:688138 +3.67%87 Cyclically Adjusted PS Ratio is 12.72 as of Aug. 15, 2026, which is 28% above its 10-year median of 9.90. GuruFocus rates SHSE:688138 with a GF Score™ of 87/100 and a GF Value™ of ¥32.56 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,976 Hardware companies, Shenzhen Qingyi Photomask ranks worse than 93.78% on this metric.
The historical rank and industry rank for Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio or its related term are showing as below:
SHSE:688138'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.48 Med: 9.9 Max: 12.7
Current: 12.7
During the past 13 years, Shenzhen Qingyi Photomask's highest Cyclically Adjusted PS Ratio was 12.70. The lowest was 6.48. And the median was 9.90.
SHSE:688138's Cyclically Adjusted PS Ratio is ranked worse than 93.78% of 1976
companies
in the Hardware industry
Industry Median: 1.39
vs SHSE:688138: 12.70
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.
Shenzhen Qingyi Photomask's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ¥4.170. 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 ¥2.69 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Shenzhen Qingyi Photomask (SHSE:688138) 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.
Shenzhen Qingyi Photomask Cyclically Adjusted PS Ratio Related Terms
Shenzhen Qingyi Photomask Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Shenzhen Qingyi Photomask'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.
Shenzhen Qingyi Photomask Cyclically Adjusted PS Ratio Chart
SHSE:688138 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, Shenzhen Qingyi Photomask'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.
Shenzhen Qingyi Photomask Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio falls into.
Shenzhen Qingyi Photomask 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 12.72 mean?
Shenzhen Qingyi Photomask (SHSE:688138) has a Cyclically Adjusted PS Ratio of 12.72 as of Aug. 15, 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 Shenzhen Qingyi Photomask and its competitors. This is 28% above median its historical median of 9.90. Over the past decade, Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio has ranged from 6.48 to 12.70. According to the industry distribution chart, Shenzhen Qingyi Photomask ranks #1853 out of 1976 companies in the Hardware industry, placing it in the top 93.8%.
Is Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio too high?
Shenzhen Qingyi Photomask's current Cyclically Adjusted PS Ratio of 12.72 is 28% above median its 10-year median of 9.90. Over the past 10 years, this metric has ranged from a low of 6.48 to a high of 12.70. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Shenzhen Qingyi Photomask's value of 12.72 is 815.1% above this industry median. Based on the distribution chart, Shenzhen Qingyi Photomask ranks #1853 out of 1976 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Shenzhen Qingyi Photomask has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Qingyi Photomask's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Shenzhen Qingyi Photomask ranks #1853 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Shenzhen Qingyi Photomask in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. Shenzhen Qingyi Photomask's value of 12.72 is 815.1% above this benchmark. Historically, Shenzhen Qingyi Photomask's own Cyclically Adjusted PS Ratio has ranged from 6.48 to 12.70 over the past decade. While the company's 10-year median is 9.90 vs. the industry median of 1.39, Shenzhen Qingyi Photomask 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 1,976 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. Shenzhen Qingyi Photomask's current Cyclically Adjusted PS Ratio of 12.72 is 815.1% 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 Shenzhen Qingyi Photomask 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. Shenzhen Qingyi Photomask's current Cyclically Adjusted PS Ratio is 12.72, which is 28% above median its own 10-year median of 9.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Qingyi Photomask stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask (SHSE:688138) is currently considered Fairly Valued. The stock's GF Value™ is ¥32.56, compared to a current price of ¥34.21 — trading 5.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 12.72, which is 28% above median its 10-year median of 9.90 and 815.1% above the Hardware industry median of 1.39. Shenzhen Qingyi Photomask's overall GF Score™ is 87/100 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 Shenzhen Qingyi Photomask (SHSE:688138), the current Cyclically Adjusted PS Ratio is 12.72 as of Aug. 15, 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 Shenzhen Qingyi Photomask (SHSE:688138) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Qingyi Photomask stock appears to be overvalued.
The current stock price of ¥34.21 is trading 5.1% above its estimated GF Value™ of ¥32.56.
GuruFocus considers Shenzhen Qingyi Photomask to be Fairly Valued.
Key valuation signals for SHSE:688138:
Cyclically Adjusted PS Ratio: 12.72 (28% above median its 10-year median of 9.90)
GF Value™: ¥32.56 vs. price of ¥34.21 (5.1% above fair value)
Industry Position: 815.1% above the Hardware median (#1853 of 1976)
No single metric tells the full story. See the SHSE:688138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.
87GF Score
Get the complete analysis for SHSE:688138
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688138 has been successfully added to your 
