Fushun Special Steel Co (SHSE:600399) Cyclically Adjusted Revenue per Share: ¥4.03 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SHSE:600399 Fushun Special Steel Co Ltd SHSE:600399
46 GF Score
Price ¥4.24
GF Value ¥6.79
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Fushun Special Steel Co Cyclically Adjusted Revenue per Share?

Fushun Special Steel Co SHSE:600399 46 Cyclically Adjusted Revenue per Share is ¥4.03 as of Mar. 2026. GuruFocus rates SHSE:600399 with a GF Score™ of 46/100 and a GF Value™ of ¥6.79 (Possible Value Trap). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Fushun Special Steel Co's adjusted revenue per share for the three months ended in Mar. 2026 was ¥0.967. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ¥4.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fushun Special Steel Co's average Cyclically Adjusted Revenue Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Fushun Special Steel Co was 9.50% per year. The lowest was -3.90% per year. And the median was -1.20% per year.

As of today (2026-08-16), Fushun Special Steel Co's current stock price is ¥4.24. Fushun Special Steel Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥4.03. Fushun Special Steel Co's Cyclically Adjusted PS Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fushun Special Steel Co was 6.10. The lowest was 0.51. And the median was 1.40.


Fushun Special Steel Co  (SHSE:600399) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Fushun Special Steel Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.24/4.03
=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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fushun Special Steel Co was 6.10. The lowest was 0.51. And the median was 1.40.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Fushun Special Steel Co Cyclically Adjusted Revenue per Share Related Terms


Fushun Special Steel Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Fushun Special Steel Co's Cyclically Adjusted Revenue per Share 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.

Fushun Special Steel Co Cyclically Adjusted Revenue per Share Chart

Fushun Special Steel Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.50 4.51 4.44 3.99 4.01

Fushun Special Steel Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 3.97 3.96 3.98 4.01 4.03

SHSE:600399 vs NUE, STLD, RS: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Fushun Special Steel 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.


Fushun Special Steel Co Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Fushun Special Steel Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fushun Special Steel Co's Cyclically Adjusted PS Ratio falls into.


SHSE:600399
46GF Score
Fushun Special Steel Co Ltd SHSE:600399
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fushun Special Steel Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Fushun Special Steel Co'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)
=0.967/116.3033*116.3033
=0.967

Current CPI (Mar. 2026) = 116.3033.

Fushun Special Steel Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.953 101.400 1.093
201609 0.834 102.400 0.947
201612 0.607 102.600 0.688
201703 0.883 103.200 0.995
201706 1.287 103.100 1.452
201709 1.044 104.100 1.166
201712 0.666 104.500 0.741
201803 1.193 105.300 1.318
201806 1.068 104.900 1.184
201809 1.068 106.600 1.165
201812 1.162 106.500 1.269
201903 0.803 107.700 0.867
201906 0.759 107.700 0.820
201909 0.656 109.800 0.695
201912 0.637 111.200 0.666
202003 0.732 112.300 0.758
202006 0.845 110.400 0.890
202009 0.815 111.700 0.849
202012 0.793 111.500 0.827
202103 0.914 112.662 0.944
202106 1.009 111.769 1.050
202109 0.902 112.215 0.935
202112 0.963 113.108 0.990
202203 0.924 114.335 0.940
202206 0.949 114.558 0.963
202209 1.042 115.339 1.051
202212 1.070 115.116 1.081
202303 1.017 115.116 1.027
202306 1.124 114.558 1.141
202309 1.042 115.339 1.051
202312 1.076 114.781 1.090
202403 1.051 115.227 1.061
202406 1.118 114.781 1.133
202409 1.093 115.785 1.098
202412 1.341 114.893 1.357
202503 0.890 115.116 0.899
202506 1.058 114.907 1.071
202509 0.985 115.471 0.992
202512 1.032 115.832 1.036
202603 0.967 116.303 0.967

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ¥4.03 mean?
Fushun Special Steel Co (SHSE:600399) has a Cyclically Adjusted Revenue per Share of ¥4.03 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fushun Special Steel Co and its competitors.
Is Fushun Special Steel Co's Cyclically Adjusted Revenue per Share too high?
Fushun Special Steel Co's current Cyclically Adjusted Revenue per Share is ¥4.03. Overall, Fushun Special Steel Co has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fushun Special Steel Co's Cyclically Adjusted Revenue per Share compare to NUE and STLD?
Fushun Special Steel Co's Cyclically Adjusted Revenue per Share of ¥4.03 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Steel company?
A good Cyclically Adjusted Revenue per Share depends on the Steel industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fushun Special Steel Co and its competitors. Fushun Special Steel Co's current Cyclically Adjusted Revenue per Share is ¥4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fushun Special Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Fushun Special Steel Co (SHSE:600399) is currently considered Possible Value Trap. The stock's GF Value™ is ¥6.79, compared to a current price of ¥4.24 — trading 37.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ¥4.03. Fushun Special Steel Co's overall GF Score™ is 46/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Fushun Special Steel Co (SHSE:600399), the current Cyclically Adjusted Revenue per Share is ¥4.03 as of Mar. 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 Fushun Special Steel Co (SHSE:600399) Overvalued in 2026?

Based on GuruFocus' analysis, Fushun Special Steel Co stock appears to be undervalued. The current stock price of ¥4.24 is trading 37.6% below its estimated GF Value™ of ¥6.79. GuruFocus considers Fushun Special Steel Co to be Possible Value Trap.

Key valuation signals for SHSE:600399:

  • Cyclically Adjusted Revenue per Share: ¥4.03
  • GF Value™: ¥6.79 vs. price of ¥4.24 (37.6% below fair value)
  • GF Score™: 46/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fushun Special Steel Co Business Description

Address No. 8 Anshan Road, East Section, Wanghua District, Fushun, Liaoning, CHN, 113001
Fushun Special Steel Co Ltd is a China-based company engaged in the smelting and processing of special steel products and its materials. Its products include special alloys, tool steel, high strength steel, high-temperature, and corrosion-resistant alloys, titanium, and alloy structural steel. Its products are used in the aviation, aerospace, marine, nuclear, petroleum, chemical, electronics, machinery and other fields.
46GF Score

Get the complete analysis for SHSE:600399

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

¥4.24
Price
¥6.79
GF Value