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JD (JD.com) Cyclically Adjusted PS Ratio : 0.54 (As of Jun. 22, 2025)


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What is JD.com Cyclically Adjusted PS Ratio?

As of today (2025-06-22), JD.com's current share price is $31.44. JD.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $58.00. JD.com's Cyclically Adjusted PS Ratio for today is 0.54.

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

JD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.7   Max: 1.73
Current: 0.54

During the past years, JD.com's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.47. And the median was 0.70.

JD's Cyclically Adjusted PS Ratio is ranked better than
51.73% of 692 companies
in the Retail - Cyclical industry
Industry Median: 0.59 vs JD: 0.54

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.

JD.com's adjusted revenue per share data for the three months ended in Mar. 2025 was $27.369. 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 $58.00 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com Cyclically Adjusted PS Ratio Historical Data

The historical data trend for JD.com'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.

* Premium members only.

JD.com Cyclically Adjusted PS Ratio Chart

JD.com Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.51 0.63 0.63

JD.com Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.57 0.51 0.75 0.63 0.71

Competitive Comparison of JD.com's Cyclically Adjusted PS Ratio

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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JD.com 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.

JD.com's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.44/58.00
=0.54

* 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.

JD.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, JD.com's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=27.369/115.1156*115.1156
=27.369

Current CPI (Mar. 2025) = 115.1156.

JD.com Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.706 99.500 3.131
201509 2.532 100.500 2.900
201512 3.080 100.600 3.524
201603 3.026 102.200 3.408
201606 3.525 101.400 4.002
201609 3.133 102.400 3.522
201612 4.049 102.600 4.543
201703 3.778 103.200 4.214
201706 4.812 103.100 5.373
201709 4.359 104.100 4.820
201712 5.714 104.500 6.294
201803 5.393 105.300 5.896
201806 6.594 104.900 7.236
201809 5.170 106.600 5.583
201812 6.766 106.500 7.313
201903 6.111 107.700 6.532
201906 7.346 107.700 7.852
201909 6.380 109.800 6.689
201912 16.799 111.200 17.391
202003 6.945 112.300 7.119
202006 9.335 110.400 9.734
202009 8.016 111.700 8.261
202012 22.107 111.500 22.824
202103 19.455 112.662 19.879
202106 24.766 111.769 25.508
202109 21.258 112.215 21.807
202112 27.842 113.108 28.336
202203 24.245 114.335 24.411
202206 25.169 114.558 25.292
202209 21.813 115.339 21.771
202212 26.673 115.116 26.673
202303 22.174 115.116 22.174
202306 25.399 114.558 25.523
202309 21.414 115.339 21.373
202312 27.078 114.781 27.157
202403 22.971 115.227 22.949
202406 26.040 114.781 26.116
202409 24.249 115.785 24.109
202412 31.352 114.893 31.413
202503 27.369 115.116 27.369

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.


JD.com  (NAS:JD) 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.


JD.com Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of JD.com's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


JD.com Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.