Jinko Solar Co (SHSE:688223) Cyclically Adjusted PS Ratio: 0.71 (As of Aug. 16, 2026) — 58% Below Median

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SHSE:688223 Jinko Solar Co Ltd SHSE:688223
77 GF Score
Price ¥4.40
GF Value ¥5.04
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Jinko Solar Co Cyclically Adjusted PS Ratio?

Jinko Solar Co SHSE:688223 -0.23% 77 Cyclically Adjusted PS Ratio is 0.71 as of Aug. 16, 2026, which is 58% below its 10-year median of 1.71. GuruFocus rates SHSE:688223 with a GF Score™ of 77/100 and a GF Value™ of ¥5.04 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 729 Semiconductors companies, Jinko Solar Co ranks better than 81.34% on this metric.

As of today (2026-08-16), Jinko Solar Co's current share price is ¥4.40. Jinko Solar Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥6.17. Jinko Solar Co's Cyclically Adjusted PS Ratio for today is 0.71.

The historical rank and industry rank for Jinko Solar Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:688223' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.71   Max: 5.74
Current: 0.71

During the past years, Jinko Solar Co's highest Cyclically Adjusted PS Ratio was 5.74. The lowest was 0.65. And the median was 1.71.

SHSE:688223's Cyclically Adjusted PS Ratio is ranked better than
81.34% of 729 companies
in the Semiconductors industry
Industry Median: 3.12 vs SHSE:688223: 0.71

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.

Jinko Solar Co's adjusted revenue per share data for the three months ended in Mar. 2026 was ¥1.179. 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 ¥6.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinko Solar Co  (SHSE:688223) 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.


Jinko Solar Co Cyclically Adjusted PS Ratio Related Terms


Jinko Solar Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jinko Solar 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.

Jinko Solar Co Cyclically Adjusted PS Ratio Chart

Jinko Solar 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 4.20 1.98 1.33 0.93

Jinko Solar Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.18 0.92 0.95 0.93 1.05

SHSE:688223 vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Jinko Solar 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.


Jinko Solar Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Jinko Solar Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jinko Solar Co's Cyclically Adjusted PS Ratio falls into.


SHSE:688223
77GF Score
Jinko Solar Co Ltd SHSE:688223
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jinko Solar 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.

Jinko Solar Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.40/6.17
=0.71

* 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.

Jinko Solar Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Jinko Solar Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.179/116.3033*116.3033
=1.179

Current CPI (Mar. 2026) = 116.3033.

Jinko Solar Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201512 0.000 100.600 0.000
201603 0.733 102.200 0.834
201606 0.799 101.400 0.916
201609 0.582 102.400 0.661
201612 0.757 102.600 0.858
201703 0.669 103.200 0.754
201706 0.965 103.100 1.089
201709 0.770 104.100 0.860
201712 1.127 104.500 1.254
201803 0.718 105.300 0.793
201806 0.984 104.900 1.091
201809 0.825 106.600 0.900
201812 0.537 106.500 0.586
201903 0.786 107.700 0.849
201912 0.000 111.200 0.000
202009 1.269 111.700 1.321
202012 1.654 111.500 1.725
202103 0.980 112.662 1.012
202106 0.968 111.769 1.007
202109 1.095 112.215 1.135
202112 1.902 113.108 1.956
202203 1.464 114.335 1.489
202206 1.857 114.558 1.885
202209 2.046 115.339 2.063
202212 2.142 115.116 2.164
202303 1.955 115.116 1.975
202306 2.910 114.558 2.954
202309 3.292 115.339 3.320
202312 3.219 114.781 3.262
202403 2.160 115.227 2.180
202406 2.171 114.781 2.200
202409 2.364 115.785 2.375
202412 2.251 114.893 2.279
202503 1.395 115.116 1.409
202506 1.775 114.907 1.797
202509 1.600 115.471 1.612
202512 1.798 115.832 1.805
202603 1.179 116.303 1.179

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 0.71 mean?
Jinko Solar Co (SHSE:688223) has a Cyclically Adjusted PS Ratio of 0.71 as of Aug. 16, 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 Jinko Solar Co and its competitors. This is 58% below median its historical median of 1.71. Over the past decade, Jinko Solar Co's Cyclically Adjusted PS Ratio has ranged from 0.65 to 5.74. According to the industry distribution chart, Jinko Solar Co ranks #136 out of 729 companies in the Semiconductors industry, placing it in the top 18.7%.
Is Jinko Solar Co's Cyclically Adjusted PS Ratio too high?
Jinko Solar Co's current Cyclically Adjusted PS Ratio of 0.71 is 58% below median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 5.74. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.12. Jinko Solar Co's value of 0.71 is 77.2% below this industry median. Based on the distribution chart, Jinko Solar Co ranks #136 out of 729 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Jinko Solar Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinko Solar Co's Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Jinko Solar Co ranks #136 out of 729 companies for Cyclically Adjusted PS Ratio. This places Jinko Solar Co in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.12. Jinko Solar Co's value of 0.71 is 77.2% below this benchmark. Historically, Jinko Solar Co's own Cyclically Adjusted PS Ratio has ranged from 0.65 to 5.74 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 3.12, Jinko Solar 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.12, based on 729 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. Jinko Solar Co's current Cyclically Adjusted PS Ratio of 0.71 is 77.2% 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 Jinko Solar Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jinko Solar Co's current Cyclically Adjusted PS Ratio is 0.71, which is 58% below median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinko Solar Co stock overvalued right now?
Based on GuruFocus' analysis, Jinko Solar Co (SHSE:688223) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.04, compared to a current price of ¥4.40 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.71, which is 58% below median its 10-year median of 1.71 and 77.2% below the Semiconductors industry median of 3.12. Jinko Solar Co's overall GF Score™ is 77/100 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 Jinko Solar Co (SHSE:688223), the current Cyclically Adjusted PS Ratio is 0.71 as of Aug. 16, 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 Jinko Solar Co (SHSE:688223) Overvalued in 2026?

Based on GuruFocus' analysis, Jinko Solar Co stock appears to be undervalued. The current stock price of ¥4.40 is trading 12.7% below its estimated GF Value™ of ¥5.04. GuruFocus considers Jinko Solar Co to be Modestly Undervalued.

Key valuation signals for SHSE:688223:

  • Cyclically Adjusted PS Ratio: 0.71 (58% below median its 10-year median of 1.71)
  • GF Value™: ¥5.04 vs. price of ¥4.40 (12.7% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 77.2% below the Semiconductors median (#136 of 729)

No single metric tells the full story. See the SHSE:688223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinko Solar Co Business Description

Address No. 1, Lane 1466, Shenchang Road, Jinko Center, Minhang District, Shanghai, CHN, 201106
Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2025. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.
77GF Score

Get the complete analysis for SHSE:688223

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

¥4.40
Price
¥5.04
GF Value