Shanghai Material Trading Co (SHSE:900927) Cyclically Adjusted PS Ratio: 0.75 (As of Sep. 14, 2026) — 650% Above Median

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Director of Data and Quant Analytics at GuruFocus
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SHSE:900927 Shanghai Material Trading Co Ltd SHSE:900927
40 GF Score
Price $0.33
GF Value $0.26
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Shanghai Material Trading Co Cyclically Adjusted PS Ratio?

Shanghai Material Trading Co SHSE:900927 -0.60% 40 Cyclically Adjusted PS Ratio is 0.75 as of Sep. 14, 2026, which is 650% above its 10-year median of 0.10. GuruFocus rates SHSE:900927 with a GF Score™ of 40/100 and a GF Value™ of $0.26 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 461 Conglomerates companies, Shanghai Material Trading Co ranks worse than 52.06% on this metric.

As of today (2026-09-14), Shanghai Material Trading Co's current share price is $0.33. Shanghai Material Trading Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $0.44. Shanghai Material Trading Co's Cyclically Adjusted PS Ratio for today is 0.75.

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

SHSE:900927' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.1   Max: 0.88
Current: 0.86

During the past years, Shanghai Material Trading Co's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.06. And the median was 0.10.

SHSE:900927's Cyclically Adjusted PS Ratio is ranked worse than
52.06% of 461 companies
in the Conglomerates industry
Industry Median: 0.75 vs SHSE:900927: 0.86

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.

Shanghai Material Trading Co's adjusted revenue per share data for the three months ended in Jun. 2026 was $0.091. 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 $0.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Material Trading Co  (SHSE:900927) 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.


Shanghai Material Trading Co Cyclically Adjusted PS Ratio Related Terms


Shanghai Material Trading Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Material Trading 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.

Shanghai Material Trading Co Cyclically Adjusted PS Ratio Chart

Shanghai Material Trading 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 0.10 0.12 0.24 0.39 0.79

Shanghai Material Trading Co 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 0.52 0.72 0.79 0.86 0.72

SHSE:900927 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Shanghai Material Trading 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.


Shanghai Material Trading Co Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Material Trading Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Material Trading Co's Cyclically Adjusted PS Ratio falls into.


SHSE:900927
40GF Score
Shanghai Material Trading Co Ltd SHSE:900927
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Material Trading 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.

Shanghai Material Trading Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.33/0.44
=0.75

* 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.

Shanghai Material Trading Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shanghai Material Trading Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.091/116.0564*116.0564
=0.091

Current CPI (Jun. 2026) = 116.0564.

Shanghai Material Trading Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.432 102.400 0.490
201612 0.446 102.600 0.504
201703 0.476 103.200 0.535
201706 0.429 103.100 0.483
201709 0.496 104.100 0.553
201712 0.585 104.500 0.650
201803 0.578 105.300 0.637
201806 0.492 104.900 0.544
201809 0.482 106.600 0.525
201812 0.357 106.500 0.389
201903 0.386 107.700 0.416
201906 0.677 107.700 0.730
201909 0.495 109.800 0.523
201912 0.497 111.200 0.519
202003 0.225 112.300 0.233
202006 0.734 110.400 0.772
202009 0.767 111.700 0.797
202012 0.579 111.500 0.603
202103 0.375 112.662 0.386
202106 0.643 111.769 0.668
202109 0.697 112.215 0.721
202112 0.318 113.108 0.326
202203 0.612 114.335 0.621
202206 0.087 114.558 0.088
202209 0.544 115.339 0.547
202212 -0.084 115.116 -0.085
202303 0.601 115.116 0.606
202306 0.455 114.558 0.461
202309 0.581 115.339 0.585
202312 -0.634 114.781 -0.641
202403 0.241 115.227 0.243
202406 0.437 114.781 0.442
202409 0.353 115.785 0.354
202412 -0.288 114.893 -0.291
202503 0.131 115.116 0.132
202506 0.118 114.907 0.119
202509 0.125 115.471 0.126
202512 0.109 115.832 0.109
202603 0.105 116.303 0.105
202606 0.091 116.056 0.091

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 0.75 mean?
Shanghai Material Trading Co (SHSE:900927) has a Cyclically Adjusted PS Ratio of 0.75 as of Sep. 14, 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 Shanghai Material Trading Co and its competitors. This is 650% above median its historical median of 0.10. Over the past decade, Shanghai Material Trading Co's Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.88. According to the industry distribution chart, Shanghai Material Trading Co ranks #240 out of 461 companies in the Conglomerates industry, placing it in the top 52.1%.
Is Shanghai Material Trading Co's Cyclically Adjusted PS Ratio too high?
Shanghai Material Trading Co's current Cyclically Adjusted PS Ratio of 0.75 is 650% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.88. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.75. Shanghai Material Trading Co's value of 0.75 is 0% at this industry median. Based on the distribution chart, Shanghai Material Trading Co ranks #240 out of 461 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Shanghai Material Trading Co has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Material Trading Co's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shanghai Material Trading Co ranks #240 out of 461 companies for Cyclically Adjusted PS Ratio. This places Shanghai Material Trading Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Shanghai Material Trading Co's value of 0.75 is 0% at this benchmark. Historically, Shanghai Material Trading Co's own Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.88 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.75, Shanghai Material Trading Co has consistently been at 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.75, based on 461 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. Shanghai Material Trading Co's current Cyclically Adjusted PS Ratio of 0.75 is 0% at 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 Shanghai Material Trading Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Material Trading Co's current Cyclically Adjusted PS Ratio is 0.75, which is 650% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Material Trading Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Material Trading Co (SHSE:900927) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.33 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.75, which is 650% above median its 10-year median of 0.10 and 0% at the Conglomerates industry median of 0.75. Shanghai Material Trading Co's overall GF Score™ is 40/100 with 2 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 Shanghai Material Trading Co (SHSE:900927), the current Cyclically Adjusted PS Ratio is 0.75 as of Sep. 14, 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 Shanghai Material Trading Co (SHSE:900927) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Material Trading Co stock appears to be overvalued. The current stock price of $0.33 is trading 26.9% above its estimated GF Value™ of $0.26. GuruFocus considers Shanghai Material Trading Co to be Modestly Overvalued.

Key valuation signals for SHSE:900927:

  • Cyclically Adjusted PS Ratio: 0.75 (650% above median its 10-year median of 0.10)
  • GF Value™: $0.26 vs. price of $0.33 (26.9% above fair value)
  • GF Score™: 40/100 with 2 warning signs
  • Industry Position: 0% at the Conglomerates median (#240 of 461)

No single metric tells the full story. See the SHSE:900927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Material Trading Co Business Description

Other Exchanges 600822:China
Address No. 325 South Suzhou Road, 4th Floor, Shanghai, Shanghai, CHN, 200002
Shanghai Material Trading Co Ltd is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.
40GF Score

Get the complete analysis for SHSE:900927

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

$0.33
Price
$0.26
GF Value