GDS Holdings (STU:G40) Cyclically Adjusted PS Ratio: 5.21 (As of Jul. 31, 2026) — 20% Below Median

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STU:G40 GDS Holdings Ltd STU:G40
65 GF Score
Price €25.80
GF Value €17.09
Valuation Significantly Overvalued
! 5 Warning Signs
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What is GDS Holdings Cyclically Adjusted PS Ratio?

GDS Holdings STU:G40 +0.78% 65 Cyclically Adjusted PS Ratio is 5.21 as of Jul. 31, 2026, which is 20% below its 10-year median of 6.53. GuruFocus rates STU:G40 with a GF Score™ of 65/100 and a GF Value™ of €17.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,590 Software companies, GDS Holdings ranks worse than 79.31% on this metric.

As of today (2026-07-31), GDS Holdings's current share price is €25.80. GDS Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €4.95. GDS Holdings's Cyclically Adjusted PS Ratio for today is 5.21.

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

STU:G40' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.03   Med: 6.53   Max: 8.34
Current: 5.55

During the past years, GDS Holdings's highest Cyclically Adjusted PS Ratio was 8.34. The lowest was 4.03. And the median was 6.53.

STU:G40's Cyclically Adjusted PS Ratio is ranked worse than
79.31% of 1590 companies
in the Software industry
Industry Median: 1.63 vs STU:G40: 5.55

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.

GDS Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.664. 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 €4.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GDS Holdings  (STU:G40) 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.


GDS Holdings Cyclically Adjusted PS Ratio Related Terms


GDS Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GDS Holdings'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.

GDS Holdings Cyclically Adjusted PS Ratio Chart

GDS Holdings 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 0.00 0.00 0.00 6.26

GDS Holdings 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 4.94 5.87 7.21 6.26 6.99

STU:G40 vs PSN, INGM, G: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, GDS Holdings'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.


GDS Holdings Cyclically Adjusted PS Ratio vs Software Industry

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

* The bar in red indicates where GDS Holdings's Cyclically Adjusted PS Ratio falls into.


STU:G40
65GF Score
GDS Holdings Ltd STU:G40
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GDS Holdings 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.

GDS Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.80/4.95
=5.21

* 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.

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

For example, GDS Holdings'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)
=1.664/116.3033*116.3033
=1.664

Current CPI (Mar. 2026) = 116.3033.

GDS Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.203 101.400 0.233
201609 0.426 102.400 0.484
201612 0.632 102.600 0.716
201703 0.500 103.200 0.563
201706 0.462 103.100 0.521
201709 0.569 104.100 0.636
201712 0.606 104.500 0.674
201803 0.595 105.300 0.657
201806 0.680 104.900 0.754
201809 0.764 106.600 0.834
201812 0.847 106.500 0.925
201903 0.918 107.700 0.991
201906 0.906 107.700 0.978
201909 0.966 109.800 1.023
201912 1.059 111.200 1.108
202003 1.083 112.300 1.122
202006 1.131 110.400 1.191
202009 1.209 111.700 1.259
202012 1.186 111.500 1.237
202103 1.218 112.662 1.257
202106 1.329 111.769 1.383
202109 1.491 112.215 1.545
202112 1.666 113.108 1.713
202203 1.758 114.335 1.788
202206 1.785 114.558 1.812
202209 1.858 115.339 1.874
202212 1.732 115.116 1.750
202303 1.780 115.116 1.798
202306 1.737 114.558 1.763
202309 1.762 115.339 1.777
202312 1.665 114.781 1.687
202403 1.691 115.227 1.707
202406 1.798 114.781 1.822
202409 1.808 115.785 1.816
202412 1.902 114.893 1.925
202503 1.546 115.116 1.562
202506 1.867 114.907 1.890
202509 1.392 115.471 1.402
202512 1.768 115.832 1.775
202603 1.664 116.303 1.664

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 5.21 mean?
GDS Holdings (STU:G40) has a Cyclically Adjusted PS Ratio of 5.21 as of Jul. 31, 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 GDS Holdings and its competitors. This is 20% below median its historical median of 6.53. Over the past decade, GDS Holdings' Cyclically Adjusted PS Ratio has ranged from 4.03 to 8.34. According to the industry distribution chart, GDS Holdings ranks #1261 out of 1590 companies in the Software industry, placing it in the top 79.3%.
Is GDS Holdings' Cyclically Adjusted PS Ratio too high?
GDS Holdings' current Cyclically Adjusted PS Ratio of 5.21 is 20% below median its 10-year median of 6.53. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 8.34. The Software industry median Cyclically Adjusted PS Ratio is 1.63. GDS Holdings' value of 5.21 is 219.6% above this industry median. Based on the distribution chart, GDS Holdings ranks #1261 out of 1590 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, GDS Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GDS Holdings' Cyclically Adjusted PS Ratio compare to PSN and INGM?
According to the Software industry distribution chart, GDS Holdings ranks #1261 out of 1590 companies for Cyclically Adjusted PS Ratio. This places GDS Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. GDS Holdings' value of 5.21 is 219.6% above this benchmark. Historically, GDS Holdings' own Cyclically Adjusted PS Ratio has ranged from 4.03 to 8.34 over the past decade. While the company's 10-year median is 6.53 vs. the industry median of 1.63, GDS Holdings 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 1.63, based on 1,590 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. GDS Holdings's current Cyclically Adjusted PS Ratio of 5.21 is 219.6% 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 GDS Holdings and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GDS Holdings's current Cyclically Adjusted PS Ratio is 5.21, which is 20% below median its own 10-year median of 6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GDS Holdings stock overvalued right now?
Based on GuruFocus' analysis, GDS Holdings (STU:G40) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.09, compared to a current price of €25.80 — trading 51% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.21, which is 20% below median its 10-year median of 6.53 and 219.6% above the Software industry median of 1.63. GDS Holdings' overall GF Score™ is 65/100 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 GDS Holdings (STU:G40), the current Cyclically Adjusted PS Ratio is 5.21 as of Jul. 31, 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 GDS Holdings (STU:G40) Overvalued in 2026?

Based on GuruFocus' analysis, GDS Holdings stock appears to be overvalued. The current stock price of €25.80 is trading 51% above its estimated GF Value™ of €17.09. GuruFocus considers GDS Holdings to be Significantly Overvalued.

Key valuation signals for STU:G40:

  • Cyclically Adjusted PS Ratio: 5.21 (20% below median its 10-year median of 6.53)
  • GF Value™: €17.09 vs. price of €25.80 (51% above fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 219.6% above the Software median (#1261 of 1590)

No single metric tells the full story. See the STU:G40 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GDS Holdings Business Description

Address No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137
GDS Holdings started as an IT service provider in 2001, then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates, and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China, and it has also started expanding into Southeast Asia via the now 23% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
65GF Score

Get the complete analysis for STU:G40

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

€25.80
Price
€17.09
GF Value