WebRAY Tech Group (SHSE:688651) Cyclically Adjusted PS Ratio: 10.68 (As of Sep. 06, 2026) — 26% Below 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:688651 WebRAY Tech Group Inc SHSE:688651
88 GF Score
Price ¥23.81
GF Value ¥27.65
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is WebRAY Tech Group Cyclically Adjusted PS Ratio?

WebRAY Tech Group SHSE:688651 +1.10% 88 Cyclically Adjusted PS Ratio is 10.68 as of Sep. 06, 2026, which is 26% below its 10-year median of 14.42. GuruFocus rates SHSE:688651 with a GF Score™ of 88/100 and a GF Value™ of ¥27.65 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,579 Software companies, WebRAY Tech Group ranks worse than 91.2% on this metric.

As of today (2026-09-06), WebRAY Tech Group's current share price is ¥23.81. WebRAY Tech Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was ¥2.23. WebRAY Tech Group's Cyclically Adjusted PS Ratio for today is 10.68.

The historical rank and industry rank for WebRAY Tech Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

SHSE:688651' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.66   Med: 14.42   Max: 22.22
Current: 10.66

During the past 12 years, WebRAY Tech Group's highest Cyclically Adjusted PS Ratio was 22.22. The lowest was 10.66. And the median was 14.42.

SHSE:688651's Cyclically Adjusted PS Ratio is ranked worse than
91.2% of 1579 companies
in the Software industry
Industry Median: 1.68 vs SHSE:688651: 10.66

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.

WebRAY Tech Group's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ¥3.053. 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 ¥2.23 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


WebRAY Tech Group  (SHSE:688651) 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.


WebRAY Tech Group Cyclically Adjusted PS Ratio Related Terms


WebRAY Tech Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for WebRAY Tech 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.

WebRAY Tech Group Cyclically Adjusted PS Ratio Chart

WebRAY Tech Group Annual Data
Trend Dec15 Dec16 Dec17 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 19.31 13.08 14.49

WebRAY Tech Group 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 0.00 0.00 14.49 0.00 0.00

SHSE:688651 vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, WebRAY Tech 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.


WebRAY Tech Group Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, WebRAY Tech Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where WebRAY Tech Group's Cyclically Adjusted PS Ratio falls into.


SHSE:688651
88GF Score
WebRAY Tech Group Inc SHSE:688651
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WebRAY Tech 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.

WebRAY Tech Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.81/2.23
=10.68

* 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.

WebRAY Tech Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, WebRAY Tech Group's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=3.053/115.8323*115.8323
=3.053

Current CPI (Dec25) = 115.8323.

WebRAY Tech Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.280 100.600 1.474
201612 0.742 102.600 0.838
201712 1.193 104.500 1.322
201912 1.561 111.200 1.626
202012 2.102 111.500 2.184
202112 2.650 113.108 2.714
202212 3.083 115.116 3.102
202312 3.320 114.781 3.350
202412 2.651 114.893 2.673
202512 3.053 115.832 3.053

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 10.68 mean?
WebRAY Tech Group (SHSE:688651) has a Cyclically Adjusted PS Ratio of 10.68 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 WebRAY Tech Group and its competitors. This is 26% below median its historical median of 14.42. Over the past decade, WebRAY Tech Group's Cyclically Adjusted PS Ratio has ranged from 10.66 to 22.22. According to the industry distribution chart, WebRAY Tech Group ranks #1440 out of 1579 companies in the Software industry, placing it in the top 91.2%.
Is WebRAY Tech Group's Cyclically Adjusted PS Ratio too high?
WebRAY Tech Group's current Cyclically Adjusted PS Ratio of 10.68 is 26% below median its 10-year median of 14.42. Over the past 10 years, this metric has ranged from a low of 10.66 to a high of 22.22. The Software industry median Cyclically Adjusted PS Ratio is 1.68. WebRAY Tech Group's value of 10.68 is 535.7% above this industry median. Based on the distribution chart, WebRAY Tech Group ranks #1440 out of 1579 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, WebRAY Tech Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WebRAY Tech Group's Cyclically Adjusted PS Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, WebRAY Tech Group ranks #1440 out of 1579 companies for Cyclically Adjusted PS Ratio. This places WebRAY Tech Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.68. WebRAY Tech Group's value of 10.68 is 535.7% above this benchmark. Historically, WebRAY Tech Group's own Cyclically Adjusted PS Ratio has ranged from 10.66 to 22.22 over the past decade. While the company's 10-year median is 14.42 vs. the industry median of 1.68, WebRAY Tech 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.68, based on 1,579 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. WebRAY Tech Group's current Cyclically Adjusted PS Ratio of 10.68 is 535.7% 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 WebRAY Tech Group and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WebRAY Tech Group's current Cyclically Adjusted PS Ratio is 10.68, which is 26% below median its own 10-year median of 14.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WebRAY Tech Group stock overvalued right now?
Based on GuruFocus' analysis, WebRAY Tech Group (SHSE:688651) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥27.65, compared to a current price of ¥23.81 — trading 13.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.68, which is 26% below median its 10-year median of 14.42 and 535.7% above the Software industry median of 1.68. WebRAY Tech Group's overall GF Score™ is 88/100 with 3 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 WebRAY Tech Group (SHSE:688651), the current Cyclically Adjusted PS Ratio is 10.68 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 WebRAY Tech Group (SHSE:688651) Overvalued in 2026?

Based on GuruFocus' analysis, WebRAY Tech Group stock appears to be undervalued. The current stock price of ¥23.81 is trading 13.9% below its estimated GF Value™ of ¥27.65. GuruFocus considers WebRAY Tech Group to be Modestly Undervalued.

Key valuation signals for SHSE:688651:

  • Cyclically Adjusted PS Ratio: 10.68 (26% below median its 10-year median of 14.42)
  • GF Value™: ¥27.65 vs. price of ¥23.81 (13.9% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 535.7% above the Software median (#1440 of 1579)

No single metric tells the full story. See the SHSE:688651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WebRAY Tech Group Business Description

Address No. 9, Shangdi 9th Street, 2nd Floor, North Building, Digital Technology Plaza, Haidian District, Beijing, CHN, 100085
WebRAY Tech Group Inc is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.
88GF Score

Get the complete analysis for SHSE:688651

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

¥23.81
Price
¥27.65
GF Value