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.
GDS HoldingsSTU:G401 -1.69%72 Cyclically Adjusted PS Ratio is 5.61 as of Aug. 06, 2026, which is 14% below its 10-year median of 6.52. GuruFocus rates STU:G401 with a GF Score™ of 72/100 and a GF Value™ of €2.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,587 Software companies, GDS Holdings ranks worse than 81.16% on this metric.
The historical rank and industry rank for GDS Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
STU:G401'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.03 Med: 6.52 Max: 8.34
Current: 5.67
During the past years, GDS Holdings's highest Cyclically Adjusted PS Ratio was 8.34. The lowest was 4.03. And the median was 6.52.
STU:G401's Cyclically Adjusted PS Ratio is ranked worse than 81.16% of 1587
companies
in the Software industry
Industry Median: 1.66
vs STU:G401: 5.67
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 €0.208. 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 €0.62 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
GDS Holdings (STU:G401) 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.
STU:G401 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.
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
* 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 5.61 mean?
GDS Holdings (STU:G401) has a Cyclically Adjusted PS Ratio of 5.61 as of Aug. 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 GDS Holdings and its competitors. This is 14% below median its historical median of 6.52. 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 #1288 out of 1587 companies in the Software industry, placing it in the top 81.2%.
Is GDS Holdings' Cyclically Adjusted PS Ratio too high?
GDS Holdings' current Cyclically Adjusted PS Ratio of 5.61 is 14% below median its 10-year median of 6.52. 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 1.66. GDS Holdings' value of 5.61 is 238% above this industry median. Based on the distribution chart, GDS Holdings ranks #1288 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, GDS Holdings has a GF Score™ of 72/100 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 #1288 out of 1587 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 1.66. GDS Holdings' value of 5.61 is 238% 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 6.52 vs. the industry median of 1.66, 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 1.66, based on 1,587 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 5.61 is 238% 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 1.66 — 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 5.61, which is 14% below median its own 10-year median of 6.52. 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:G401) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.26, compared to a current price of €3.48 — trading 54% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.61, which is 14% below median its 10-year median of 6.52 and 238% above the Software industry median of 1.66. GDS Holdings' overall GF Score™ is 72/100 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:G401), the current Cyclically Adjusted PS Ratio is 5.61 as of Aug. 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 GDS Holdings (STU:G401) Overvalued in 2026?
Based on GuruFocus' analysis, GDS Holdings stock appears to be overvalued.
The current stock price of €3.48 is trading 54% above its estimated GF Value™ of €2.26.
GuruFocus considers GDS Holdings to be Significantly Overvalued.
Key valuation signals for STU:G401:
Cyclically Adjusted PS Ratio: 5.61 (14% below median its 10-year median of 6.52)
GF Value™: €2.26 vs. price of €3.48 (54% above fair value)
Industry Position: 238% above the Software median (#1288 of 1587)
No single metric tells the full story. See the STU:G401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
72GF Score
Get the complete analysis for STU:G401
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
STU:G401 has been successfully added to your 
