Jiangsu Expressway Co (STU:JE2) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:JE2 Jiangsu Expressway Co Ltd STU:JE2
85 GF Score
Price €1.09
GF Value €1.17
Valuation Fairly Valued
! 6 Warning Signs
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What is Jiangsu Expressway Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Expressway Co  (STU:JE2) 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.


Jiangsu Expressway Co Cyclically Adjusted PS Ratio Related Terms


Jiangsu Expressway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Cyclically Adjusted PS Ratio Chart

Jiangsu Expressway 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 3.37 2.94 2.62 3.07 2.95

Jiangsu Expressway 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 3.39 2.76 2.92 2.95 2.64

Jiangsu Expressway Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.


Jiangsu Expressway Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:JE2
85GF Score
Jiangsu Expressway Co Ltd STU:JE2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Expressway 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.

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

For example, Jiangsu Expressway 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)
=0.12/116.0564*116.0564
=0.120

Current CPI (Jun. 2026) = 116.0564.

Jiangsu Expressway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.059 102.400 0.067
201612 0.079 102.600 0.089
201703 0.062 103.200 0.070
201706 0.062 103.100 0.070
201709 0.059 104.100 0.066
201712 0.063 104.500 0.070
201803 0.072 105.300 0.079
201806 0.061 104.900 0.067
201809 0.063 106.600 0.069
201812 0.059 106.500 0.064
201903 0.061 107.700 0.066
201906 0.064 107.700 0.069
201909 0.068 109.800 0.072
201912 0.066 111.200 0.069
202003 0.025 112.300 0.026
202006 0.043 110.400 0.045
202009 0.066 111.700 0.069
202012 0.067 111.500 0.070
202103 0.061 112.662 0.063
202106 0.068 111.769 0.071
202109 0.068 112.215 0.070
202112 0.171 113.108 0.175
202203 0.076 114.335 0.077
202206 0.060 114.558 0.061
202209 0.133 115.339 0.134
202212 0.103 115.116 0.104
202303 0.098 115.116 0.099
202306 0.091 114.558 0.092
202309 0.113 115.339 0.114
202312 0.091 114.781 0.092
202403 0.088 115.227 0.089
202406 0.165 114.781 0.167
202409 0.103 115.785 0.103
202412 0.237 114.893 0.239
202503 0.124 115.116 0.125
202506 0.112 114.907 0.113
202509 0.085 115.471 0.085
202512 0.176 115.832 0.176
202603 0.111 116.303 0.111
202606 0.120 116.056 0.120

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.

Is Jiangsu Expressway Co (STU:JE2) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Expressway Co stock appears to be undervalued. The current stock price of €1.09 is trading 6.8% below its estimated GF Value™ of €1.17. GuruFocus considers Jiangsu Expressway Co to be Fairly Valued.

Key valuation signals for STU:JE2:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €1.17 vs. price of €1.09 (6.8% below fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the STU:JE2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Expressway Co Business Description

Address 6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway, Ningchang Expressway and Zhenli Expressway, Guangjing Expressway and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Zhendan Expressway, Wufengshan Bridge, Changyi Expressway, Yichang Expressway, Longtan Bridge, Xitai Expressway, Danjin Expressway, ancillary services (including petrol, food and retail in service zones along the expressways), real estate development, sales of electricity and advertising and others. The Shanghai-Nanjing Expressway is the maximum revenue driver.
85GF Score

Get the complete analysis for STU:JE2

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

€1.09
Price
€1.17
GF Value