Fulongma Group Co (SHSE:603686) Cyclically Adjusted Revenue per Share: ¥11.41 (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:603686 Fulongma Group Co Ltd SHSE:603686
77 GF Score
Price ¥12.99
GF Value ¥10.70
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Fulongma Group Co Cyclically Adjusted Revenue per Share?

Fulongma Group Co SHSE:603686 -0.08% 77 Cyclically Adjusted Revenue per Share is ¥11.41 as of Mar. 2026. GuruFocus rates SHSE:603686 with a GF Score™ of 77/100 and a GF Value™ of ¥10.70 (Modestly Overvalued). The stock has 6 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.

Fulongma Group Co's adjusted revenue per share for the three months ended in Mar. 2026 was ¥3.223. 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 ¥11.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fulongma Group Co's average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% 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 Fulongma Group Co was 4.50% per year. The lowest was 4.50% per year. And the median was 4.50% per year.

As of today (2026-08-29), Fulongma Group Co's current stock price is ¥12.99. Fulongma Group Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ¥11.41. Fulongma Group Co's Cyclically Adjusted PS Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fulongma Group Co was 3.02. The lowest was 0.69. And the median was 1.03.


Fulongma Group Co  (SHSE:603686) 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.

Fulongma Group Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=12.99/11.41
=1.14

* 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 Fulongma Group Co was 3.02. The lowest was 0.69. And the median was 1.03.


Be Aware

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


Fulongma Group Co Cyclically Adjusted Revenue per Share Related Terms


Fulongma Group Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Fulongma Group 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.

Fulongma Group Co Cyclically Adjusted Revenue per Share Chart

Fulongma Group 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 0.00 9.81 10.18 10.64 11.18

Fulongma Group 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 10.71 10.75 10.96 11.18 11.41

SHSE:603686 vs VLTO, ZWS, CECO: Cyclically Adjusted Revenue per Share Comparison

For the Pollution & Treatment Controls subindustry, Fulongma Group 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.


Fulongma Group Co Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fulongma Group Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SHSE:603686
77GF Score
Fulongma Group Co Ltd SHSE:603686
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulongma Group 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, Fulongma Group 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)
=3.223/116.3033*116.3033
=3.223

Current CPI (Mar. 2026) = 116.3033.

Fulongma Group Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.504 101.400 1.725
201609 1.411 102.400 1.603
201612 1.719 102.600 1.949
201703 1.772 103.200 1.997
201706 2.087 103.100 2.354
201709 2.057 104.100 2.298
201712 2.125 104.500 2.365
201803 1.847 105.300 2.040
201806 1.967 104.900 2.181
201809 2.204 106.600 2.405
201812 2.316 106.500 2.529
201903 2.145 107.700 2.316
201906 2.504 107.700 2.704
201909 2.633 109.800 2.789
201912 2.877 111.200 3.009
202003 2.573 112.300 2.665
202006 3.234 110.400 3.407
202009 3.604 111.700 3.753
202012 3.602 111.500 3.757
202103 3.389 112.662 3.499
202106 3.307 111.769 3.441
202109 3.472 112.215 3.598
202112 3.573 113.108 3.674
202203 2.927 114.335 2.977
202206 3.006 114.558 3.052
202209 3.037 115.339 3.062
202212 3.162 115.116 3.195
202303 2.972 115.116 3.003
202306 2.974 114.558 3.019
202309 3.138 115.339 3.164
202312 3.214 114.781 3.257
202403 2.915 115.227 2.942
202406 3.064 114.781 3.105
202409 3.217 115.785 3.231
202412 2.932 114.893 2.968
202503 2.751 115.116 2.779
202506 3.211 114.907 3.250
202509 2.652 115.471 2.671
202512 3.169 115.832 3.182
202603 3.223 116.303 3.223

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 ¥11.41 mean?
Fulongma Group Co (SHSE:603686) has a Cyclically Adjusted Revenue per Share of ¥11.41 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 Fulongma Group Co and its competitors.
Is Fulongma Group Co's Cyclically Adjusted Revenue per Share too high?
Fulongma Group Co's current Cyclically Adjusted Revenue per Share is ¥11.41. Overall, Fulongma Group Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fulongma Group Co's Cyclically Adjusted Revenue per Share compare to VLTO and ZWS?
Fulongma Group Co's Cyclically Adjusted Revenue per Share of ¥11.41 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial Products 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 Fulongma Group Co and its competitors. Fulongma Group Co's current Cyclically Adjusted Revenue per Share is ¥11.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulongma Group Co stock overvalued right now?
Based on GuruFocus' analysis, Fulongma Group Co (SHSE:603686) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.70, compared to a current price of ¥12.99 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ¥11.41. Fulongma Group Co's overall GF Score™ is 77/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Fulongma Group Co (SHSE:603686), the current Cyclically Adjusted Revenue per Share is ¥11.41 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 Fulongma Group Co (SHSE:603686) Overvalued in 2026?

Based on GuruFocus' analysis, Fulongma Group Co stock appears to be overvalued. The current stock price of ¥12.99 is trading 21.4% above its estimated GF Value™ of ¥10.70. GuruFocus considers Fulongma Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:603686:

  • Cyclically Adjusted Revenue per Share: ¥11.41
  • GF Value™: ¥10.70 vs. price of ¥12.99 (21.4% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the SHSE:603686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulongma Group Co Business Description

Address No. 42, Longteng South Road, Donghua Community, Dongxiao Town, Xinluo District, Fujian Province, Longyan, CHN, 364028
Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.
77GF Score

Get the complete analysis for SHSE:603686

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

¥12.99
Price
¥10.70
GF Value