ZTE (ZTCOF) Cyclically Adjusted PS Ratio: 1.05 (As of Sep. 03, 2026) — 19% Below Median

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ZTCOF ZTE Corp ZTCOF
81 GF Score
Price $2.84
GF Value $3.14
Valuation Fairly Valued
! 6 Warning Signs
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What is ZTE Cyclically Adjusted PS Ratio?

ZTE ZTCOF 81 Cyclically Adjusted PS Ratio is 1.05 as of Sep. 03, 2026, which is 19% below its 10-year median of 1.29. GuruFocus rates ZTCOF with a GF Score™ of 81/100 and a GF Value™ of $3.14 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,966 Hardware companies, ZTE ranks better than 52.7% on this metric.

As of today (2026-09-03), ZTE's current share price is $2.8446. ZTE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $2.72. ZTE's Cyclically Adjusted PS Ratio for today is 1.05.

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

ZTCOF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.29   Max: 2.08
Current: 1.28

During the past years, ZTE's highest Cyclically Adjusted PS Ratio was 2.08. The lowest was 0.58. And the median was 1.29.

ZTCOF's Cyclically Adjusted PS Ratio is ranked better than
52.7% of 1966 companies
in the Hardware industry
Industry Median: 1.41 vs ZTCOF: 1.28

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.

ZTE's adjusted revenue per share data for the three months ended in Jun. 2026 was $1.276. 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 $2.72 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZTE  (OTCPK:ZTCOF) 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.


ZTE Cyclically Adjusted PS Ratio Related Terms


ZTE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ZTE'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.

ZTE Cyclically Adjusted PS Ratio Chart

ZTE 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 1.37 1.03 1.04 1.59 1.48

ZTE 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 1.27 1.77 1.48 1.26 1.39

ZTCOF vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, ZTE'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.


ZTE Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


ZTCOF
81GF Score
ZTE Corp ZTCOF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ZTE 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.

ZTE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.8446/2.72
=1.05

* 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.

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

For example, ZTE'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)
=1.276/116.0564*116.0564
=1.276

Current CPI (Jun. 2026) = 116.0564.

ZTE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.849 102.400 0.962
201612 1.042 102.600 1.179
201703 0.892 103.200 1.003
201706 1.000 103.100 1.126
201709 0.789 104.100 0.880
201712 1.168 104.500 1.297
201803 1.039 105.300 1.145
201806 0.441 104.900 0.488
201809 0.699 106.600 0.761
201812 0.939 106.500 1.023
201903 0.767 107.700 0.827
201906 0.756 107.700 0.815
201909 0.654 109.800 0.691
201912 0.891 111.200 0.930
202003 0.706 112.300 0.730
202006 0.733 110.400 0.771
202009 0.879 111.700 0.913
202012 0.883 111.500 0.919
202103 0.868 112.662 0.894
202106 0.902 111.769 0.937
202109 1.020 112.215 1.055
202112 1.047 113.108 1.074
202203 0.933 114.335 0.947
202206 0.993 114.558 1.006
202209 0.993 115.339 0.999
202212 0.929 115.116 0.937
202303 0.896 115.116 0.903
202306 0.918 114.558 0.930
202309 0.830 115.339 0.835
202312 1.022 114.781 1.033
202403 0.883 115.227 0.889
202406 0.927 114.781 0.937
202409 0.806 115.785 0.808
202412 0.900 114.893 0.909
202503 0.945 115.116 0.953
202506 1.135 114.907 1.146
202509 0.923 115.471 0.928
202512 0.950 115.832 0.952
202603 1.046 116.303 1.044
202606 1.276 116.056 1.276

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 1.05 mean?
ZTE (ZTCOF) has a Cyclically Adjusted PS Ratio of 1.05 as of Sep. 03, 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 ZTE and its competitors. This is 19% below median its historical median of 1.29. Over the past decade, ZTE's Cyclically Adjusted PS Ratio has ranged from 0.58 to 2.08. According to the industry distribution chart, ZTE ranks #930 out of 1966 companies in the Hardware industry, placing it in the top 47.3%.
Is ZTE's Cyclically Adjusted PS Ratio too high?
ZTE's current Cyclically Adjusted PS Ratio of 1.05 is 19% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.08. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. ZTE's value of 1.05 is 25.5% below this industry median. Based on the distribution chart, ZTE ranks #930 out of 1966 companies in the Hardware industry, which is above the industry midpoint. Overall, ZTE has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ZTE's Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, ZTE ranks #930 out of 1966 companies for Cyclically Adjusted PS Ratio. This puts ZTE in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. ZTE's value of 1.05 is 25.5% below this benchmark. Historically, ZTE's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 2.08 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.41, ZTE 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,966 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. ZTE's current Cyclically Adjusted PS Ratio of 1.05 is 25.5% 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 ZTE and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTE's current Cyclically Adjusted PS Ratio is 1.05, which is 19% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTE stock overvalued right now?
Based on GuruFocus' analysis, ZTE (ZTCOF) is currently considered Fairly Valued. The stock's GF Value™ is $3.14, compared to a current price of $2.84 — trading 9.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.05, which is 19% below median its 10-year median of 1.29 and 25.5% below the Hardware industry median of 1.41. ZTE's overall GF Score™ is 81/100 with 6 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 ZTE (ZTCOF), the current Cyclically Adjusted PS Ratio is 1.05 as of Sep. 03, 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 ZTE (ZTCOF) Overvalued in 2026?

Based on GuruFocus' analysis, ZTE stock appears to be undervalued. The current stock price of $2.84 is trading 9.4% below its estimated GF Value™ of $3.14. GuruFocus considers ZTE to be Fairly Valued.

Key valuation signals for ZTCOF:

  • Cyclically Adjusted PS Ratio: 1.05 (19% below median its 10-year median of 1.29)
  • GF Value™: $3.14 vs. price of $2.84 (9.4% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 25.5% below the Hardware median (#930 of 1966)

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


ZTE Business Description

Address ZTE Plaza, Keji Road South, Hi-Tech Industrial Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
ZTE Corp is a provider of integrated telecommunications and IT solutions with a full range of end-to-end ICT products and solutions integrating design, development, production, sales, and services with a special focus on carriers networks, government and corporate business, and consumer business. It operates in three segments Carriers network, Consumer Business, and Government and Corporate Business. It generates a majority of its revenue from equipment supporting carriers' networks. It has a presence in the PRC, Asia, Africa, Europe, and the Americas. It generates the majority of its revenue from the PRC region.
81GF Score

Get the complete analysis for ZTCOF

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

$2.84
Price
$3.14
GF Value