Industrial Bank of Korea (XKRX:024110) Cyclically Adjusted PS Ratio: 1.79 (As of Sep. 08, 2026) — 27% Above Median

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XKRX:024110 Industrial Bank of Korea XKRX:024110
68 GF Score
Price ₩20,900.00
GF Value ₩14,300.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Industrial Bank of Korea Cyclically Adjusted PS Ratio?

Industrial Bank of Korea XKRX:024110 +0.97% 68 Cyclically Adjusted PS Ratio is 1.79 as of Sep. 08, 2026, which is 27% above its 10-year median of 1.41. GuruFocus rates XKRX:024110 with a GF Score™ of 68/100 and a GF Value™ of ₩14,300.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,302 Banks companies, Industrial Bank of Korea ranks better than 80.57% on this metric.

As of today (2026-09-08), Industrial Bank of Korea's current share price is ₩20900.00. Industrial Bank of Korea's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₩11,702.05. Industrial Bank of Korea's Cyclically Adjusted PS Ratio for today is 1.79.

The historical rank and industry rank for Industrial Bank of Korea's Cyclically Adjusted PS Ratio or its related term are showing as below:

XKRX:024110' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.41   Max: 2.53
Current: 1.77

During the past years, Industrial Bank of Korea's highest Cyclically Adjusted PS Ratio was 2.53. The lowest was 0.89. And the median was 1.41.

XKRX:024110's Cyclically Adjusted PS Ratio is ranked better than
80.57% of 1302 companies
in the Banks industry
Industry Median: 3.45 vs XKRX:024110: 1.77

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.

Industrial Bank of Korea's adjusted revenue per share data for the three months ended in Jun. 2026 was ₩3,023.189. 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 ₩11,702.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrial Bank of Korea  (XKRX:024110) 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.


Industrial Bank of Korea Cyclically Adjusted PS Ratio Related Terms


Industrial Bank of Korea Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Industrial Bank of Korea'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.

Industrial Bank of Korea Cyclically Adjusted PS Ratio Chart

Industrial Bank of Korea 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 1.25 1.09 1.19 1.35 1.86

Industrial Bank of Korea 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 1.67 1.76 1.86 1.86 1.70

Industrial Bank of Korea Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Industrial Bank of Korea'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.


Industrial Bank of Korea Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Industrial Bank of Korea's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Industrial Bank of Korea's Cyclically Adjusted PS Ratio falls into.


XKRX:024110
68GF Score
Industrial Bank of Korea XKRX:024110
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial Bank of Korea 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.

Industrial Bank of Korea's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20900.00/11702.05
=1.79

* 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.

Industrial Bank of Korea's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Industrial Bank of Korea'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)
=3023.189/126.4904*126.4904
=3,023.189

Current CPI (Jun. 2026) = 126.4904.

Industrial Bank of Korea Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,550.689 101.461 1,933.224
201612 3,123.992 101.561 3,890.803
201703 1,812.042 102.851 2,228.533
201706 1,816.028 102.611 2,238.643
201709 1,880.475 103.491 2,298.395
201712 1,593.170 102.991 1,956.687
201803 2,087.472 104.101 2,536.437
201806 2,000.655 104.130 2,430.260
201809 2,070.549 105.651 2,478.971
201812 1,804.646 104.351 2,187.531
201903 2,239.109 104.491 2,710.531
201906 2,018.303 104.881 2,434.151
201909 1,798.668 105.200 2,162.677
201912 3,844.111 105.121 4,625.543
202003 2,101.233 105.354 2,522.783
202006 2,301.665 105.112 2,769.799
202009 1,556.135 106.198 1,853.490
202012 4,222.948 105.765 5,050.445
202103 2,012.277 107.357 2,370.905
202106 2,399.879 107.579 2,821.766
202109 2,062.173 108.759 2,398.373
202112 3,241.063 109.676 3,737.936
202203 2,131.345 111.848 2,410.367
202206 2,572.501 114.072 2,852.548
202209 2,370.964 114.715 2,614.335
202212 4,212.211 115.179 4,625.872
202303 3,034.457 116.507 3,294.466
202306 2,887.159 117.182 3,116.499
202309 2,293.474 118.964 2,438.582
202312 4,842.007 118.837 5,153.840
202403 2,843.869 120.123 2,994.610
202406 2,797.578 120.007 2,948.710
202409 2,472.409 120.861 2,587.563
202412 3,996.933 121.135 4,173.631
202503 2,876.014 122.590 2,967.519
202506 3,002.970 122.611 3,097.981
202509 2,349.632 123.402 2,408.442
202512 3,707.078 123.939 3,783.383
202603 2,862.366 125.236 2,891.036
202606 3,023.189 126.490 3,023.189

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 1.79 mean?
Industrial Bank of Korea (XKRX:024110) has a Cyclically Adjusted PS Ratio of 1.79 as of Sep. 08, 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 Industrial Bank of Korea and its competitors. This is 27% above median its historical median of 1.41. Over the past decade, Industrial Bank of Korea's Cyclically Adjusted PS Ratio has ranged from 0.89 to 2.53. According to the industry distribution chart, Industrial Bank of Korea ranks #253 out of 1302 companies in the Banks industry, placing it in the top 19.4%.
Is Industrial Bank of Korea's Cyclically Adjusted PS Ratio too high?
Industrial Bank of Korea's current Cyclically Adjusted PS Ratio of 1.79 is 27% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 2.53. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Industrial Bank of Korea's value of 1.79 is 48.1% below this industry median. Based on the distribution chart, Industrial Bank of Korea ranks #253 out of 1302 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Industrial Bank of Korea has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Bank of Korea's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Industrial Bank of Korea ranks #253 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Industrial Bank of Korea in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.45. Industrial Bank of Korea's value of 1.79 is 48.1% below this benchmark. Historically, Industrial Bank of Korea's own Cyclically Adjusted PS Ratio has ranged from 0.89 to 2.53 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 3.45, Industrial Bank of Korea has consistently been below 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,302 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. Industrial Bank of Korea's current Cyclically Adjusted PS Ratio of 1.79 is 48.1% below 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 Industrial Bank of Korea and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Bank of Korea's current Cyclically Adjusted PS Ratio is 1.79, which is 27% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Bank of Korea stock overvalued right now?
Based on GuruFocus' analysis, Industrial Bank of Korea (XKRX:024110) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩14,300.16, compared to a current price of ₩20,900.00 — trading 46.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.79, which is 27% above median its 10-year median of 1.41 and 48.1% below the Banks industry median of 3.45. Industrial Bank of Korea's overall GF Score™ is 68/100 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 Industrial Bank of Korea (XKRX:024110), the current Cyclically Adjusted PS Ratio is 1.79 as of Sep. 08, 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 Industrial Bank of Korea (XKRX:024110) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial Bank of Korea stock appears to be overvalued. The current stock price of ₩20,900.00 is trading 46.2% above its estimated GF Value™ of ₩14,300.16. GuruFocus considers Industrial Bank of Korea to be Significantly Overvalued.

Key valuation signals for XKRX:024110:

  • Cyclically Adjusted PS Ratio: 1.79 (27% above median its 10-year median of 1.41)
  • GF Value™: ₩14,300.16 vs. price of ₩20,900.00 (46.2% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 48.1% below the Banks median (#253 of 1302)

No single metric tells the full story. See the XKRX:024110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrial Bank of Korea Business Description

Other Exchanges 49DA:Germany
Address 79 Euljiro, Jung-gu, Seoul, KOR
Industrial Bank of Korea is a financial institution domiciled in Korea. It offers financial services such as foreign exchange, remittances, and digital banking. Its products include deposit accounts, debit cards, and remittance options for foreign customers. The bank provides personal banking and wealth services for individuals, and loans, overdrafts, and credit facilities for businesses. It operates through a broad branch network and mobile-banking platforms. The company principally earns revenue from interest income.
68GF Score

Get the complete analysis for XKRX:024110

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

₩20,900.00
Price
₩14,300.16
GF Value