New China Life Insurance Co (SHSE:601336) Cyclically Adjusted Revenue per Share: ¥49.60 (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:601336 New China Life Insurance Co Ltd SHSE:601336
73 GF Score
Price ¥58.70
GF Value ¥61.03
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is New China Life Insurance Co Cyclically Adjusted Revenue per Share?

New China Life Insurance Co SHSE:601336 +0.58% 73 Cyclically Adjusted Revenue per Share is ¥49.60 as of Mar. 2026. GuruFocus rates SHSE:601336 with a GF Score™ of 73/100 and a GF Value™ of ¥61.03 (Fairly Valued). The stock has 2 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.

New China Life Insurance Co's adjusted revenue per share for the three months ended in Mar. 2026 was ¥6.595. 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 ¥49.60 for the trailing ten years ended in Mar. 2026.

During the past 12 months, New China Life Insurance Co's average Cyclically Adjusted Revenue Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.80% 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 New China Life Insurance Co was -1.30% per year. The lowest was -2.80% per year. And the median was -2.50% per year.

As of today (2026-08-11), New China Life Insurance Co's current stock price is ¥58.70. New China Life Insurance Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥49.60. New China Life Insurance Co's Cyclically Adjusted PS Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of New China Life Insurance Co was 1.64. The lowest was 0.43. And the median was 0.80.


New China Life Insurance Co  (SHSE:601336) 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.

New China Life Insurance Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=58.70/49.60
=1.18

* 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 New China Life Insurance Co was 1.64. The lowest was 0.43. And the median was 0.80.


Be Aware

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


New China Life Insurance Co Cyclically Adjusted Revenue per Share Related Terms


New China Life Insurance Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for New China Life Insurance 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.

New China Life Insurance Co Cyclically Adjusted Revenue per Share Chart

New China Life Insurance 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 55.43 55.28 52.45 51.31 50.76

New China Life Insurance 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 50.01 49.65 50.89 50.76 49.60

SHSE:601336 vs AFL, MET, PRU: Cyclically Adjusted Revenue per Share Comparison

For the Insurance - Life subindustry, New China Life Insurance 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.


New China Life Insurance Co Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, New China Life Insurance Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where New China Life Insurance Co's Cyclically Adjusted PS Ratio falls into.


SHSE:601336
73GF Score
New China Life Insurance Co Ltd SHSE:601336
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New China Life Insurance 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, New China Life Insurance 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)
=6.595/116.3033*116.3033
=6.595

Current CPI (Mar. 2026) = 116.3033.

New China Life Insurance Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.315 101.400 11.831
201609 9.607 102.400 10.911
201612 9.040 102.600 10.247
201703 14.318 103.200 16.136
201706 10.412 103.100 11.745
201709 12.381 104.100 13.832
201712 9.103 104.500 10.131
201803 14.833 105.300 16.383
201806 11.943 104.900 13.241
201809 12.794 106.600 13.959
201812 9.742 106.500 10.639
201903 15.905 107.700 17.176
201906 12.963 107.700 13.999
201909 13.681 109.800 14.491
201912 13.302 111.200 13.912
202003 21.896 112.300 22.677
202006 16.024 110.400 16.881
202009 16.441 111.700 17.119
202012 11.783 111.500 12.291
202103 26.089 112.662 26.932
202106 16.148 111.769 16.803
202109 16.644 112.215 17.250
202112 12.258 113.108 12.604
202203 7.824 114.335 7.959
202206 8.427 114.558 8.555
202209 7.758 115.339 7.823
202212 10.246 115.116 10.352
202303 9.215 115.116 9.310
202306 6.230 114.558 6.325
202309 3.985 115.339 4.018
202312 3.036 114.781 3.076
202403 8.216 115.227 8.293
202406 9.107 114.781 9.228
202409 16.158 115.785 16.230
202412 7.851 114.893 7.947
202503 10.372 115.116 10.479
202506 11.244 114.907 11.381
202509 21.021 115.471 21.172
202512 6.083 115.832 6.108
202603 6.595 116.303 6.595

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 ¥49.60 mean?
New China Life Insurance Co (SHSE:601336) has a Cyclically Adjusted Revenue per Share of ¥49.60 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 New China Life Insurance Co and its competitors.
Is New China Life Insurance Co's Cyclically Adjusted Revenue per Share too high?
New China Life Insurance Co's current Cyclically Adjusted Revenue per Share is ¥49.60. Overall, New China Life Insurance Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does New China Life Insurance Co's Cyclically Adjusted Revenue per Share compare to AFL and MET?
New China Life Insurance Co's Cyclically Adjusted Revenue per Share of ¥49.60 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Revenue per Share depends on the Insurance 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 New China Life Insurance Co and its competitors. New China Life Insurance Co's current Cyclically Adjusted Revenue per Share is ¥49.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, New China Life Insurance Co (SHSE:601336) is currently considered Fairly Valued. The stock's GF Value™ is ¥61.03, compared to a current price of ¥58.70 — trading 3.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ¥49.60. New China Life Insurance Co's overall GF Score™ is 73/100 with 2 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 New China Life Insurance Co (SHSE:601336), the current Cyclically Adjusted Revenue per Share is ¥49.60 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 New China Life Insurance Co (SHSE:601336) Overvalued in 2026?

Based on GuruFocus' analysis, New China Life Insurance Co stock appears to be undervalued. The current stock price of ¥58.70 is trading 3.8% below its estimated GF Value™ of ¥61.03. GuruFocus considers New China Life Insurance Co to be Fairly Valued.

Key valuation signals for SHSE:601336:

  • Cyclically Adjusted Revenue per Share: ¥49.60
  • GF Value™: ¥61.03 vs. price of ¥58.70 (3.8% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the SHSE:601336 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New China Life Insurance Co Business Description

Address A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
New China Life Insurance Co Ltd is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
73GF Score

Get the complete analysis for SHSE:601336

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

¥58.70
Price
¥61.03
GF Value