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This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Offshore Oil Engineering Co's Median PS Value or its related term are showing as below:
SHSE:600583'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.37 Med: 0.65 Max: 1.28
Current: 0.86
During the past 13 years, the highest Price to Median PS Value of Offshore Oil Engineering Co was 1.28. The lowest was 0.37. And the median was 0.65.
SHSE:600583's Price-to-Median-PS-Value is ranked better than 69.45% of 563
companies
in the Oil & Gas industry
Industry Median: 1.12
vs SHSE:600583: 0.86
Offshore Oil Engineering Co (SHSE:600583) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Offshore Oil Engineering Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
6.00
/
7.00
=
0.86
* 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.
Offshore Oil Engineering Co Median PS Value Related Terms
Offshore Oil Engineering Co Median PS Value Historical Data
* 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.
SHSE:600583 vs SLB, BKR, FTI: Median PS Value Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering Co's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Offshore Oil Engineering Co Price-to-Median-PS-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 1.0939.
Offshore Oil Engineering Co's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥6.399.
* 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.
Offshore Oil Engineering Co (SHSE:600583) has a Median PS Value of ¥7.00 as of Aug. 26, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Offshore Oil Engineering Co and its competitors. According to the industry distribution chart, Offshore Oil Engineering Co ranks #172 out of 563 companies in the Oil & Gas industry, placing it in the top 30.6%.
Is Offshore Oil Engineering Co's Median PS Value too high?
Offshore Oil Engineering Co's current Median PS Value is ¥7.00. Based on the distribution chart, Offshore Oil Engineering Co ranks #172 out of 563 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Offshore Oil Engineering Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Median PS Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Offshore Oil Engineering Co ranks #172 out of 563 companies for Median PS Value. This puts Offshore Oil Engineering Co in the upper half of its industry. The industry median Median PS Value is 1.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for an Oil & Gas company?
The median Median PS Value among Oil & Gas companies is 1.12, based on 563 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Offshore Oil Engineering Co and its competitors. For the Oil & Gas industry, the median Median PS Value is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Offshore Oil Engineering Co's current Median PS Value is ¥7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.65, compared to a current price of ¥6.00 — trading 6.2% above its estimated fair value. The current Median PS Value is ¥7.00. Offshore Oil Engineering Co's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Offshore Oil Engineering Co (SHSE:600583), the current Median PS Value is ¥7.00 as of Aug. 26, 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be overvalued.
The current stock price of ¥6.00 is trading 6.2% above its estimated GF Value™ of ¥5.65.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Median PS Value: ¥7.00
GF Value™: ¥5.65 vs. price of ¥6.00 (6.2% above fair value)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
84GF Score
Get the complete analysis for SHSE:600583
Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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