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 Zheshang Securities Co's Median PS Value or its related term are showing as below:
SHSE:601878's Price-to-Median-PS-Value is not ranked *
in the Capital Markets industry.
Industry Median: 1.045 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
Zheshang Securities Co (SHSE:601878) 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.
Zheshang Securities Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
9.78
/
0.00
=
* 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.
Zheshang Securities Co Median PS Value Related Terms
Zheshang Securities Co Median PS Value Historical Data
* Premium members only.
The historical data trend for Zheshang Securities Co's Median PS Value 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.
SHSE:601878 vs MS, GS, SCHW: Median PS Value Comparison
For the Capital Markets subindustry, Zheshang Securities 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.
Zheshang Securities Co Price-to-Median-PS-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zheshang Securities Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Zheshang Securities Co's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.
Zheshang Securities Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2.051.
* 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.
Zheshang Securities Co (SHSE:601878) has a Median PS Value of ¥0.00 as of Jul. 06, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Zheshang Securities Co and its competitors. According to the industry distribution chart, Zheshang Securities Co ranks #999999 out of 392 companies in the Capital Markets industry.
Is Zheshang Securities Co's Median PS Value too high?
Zheshang Securities Co's current Median PS Value is ¥0.00. Based on the distribution chart, Zheshang Securities Co ranks #999999 out of 392 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Zheshang Securities Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zheshang Securities Co's Median PS Value compare to MS and GS?
According to the Capital Markets industry distribution chart, Zheshang Securities Co ranks #999999 out of 392 companies for Median PS Value. This places Zheshang Securities Co in the lower half of its industry. The industry median Median PS Value is 1.05. 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 a Capital Markets company?
The median Median PS Value among Capital Markets companies is 1.05, based on 392 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 Zheshang Securities Co and its competitors. For the Capital Markets industry, the median Median PS Value is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zheshang Securities Co's current Median PS Value is ¥0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zheshang Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Zheshang Securities Co (SHSE:601878) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.06, compared to a current price of ¥9.78 — trading 2.8% below its estimated fair value. The current Median PS Value is ¥0.00. Zheshang Securities Co's overall GF Score™ is 61/100 with 4 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 Zheshang Securities Co (SHSE:601878), the current Median PS Value is ¥0.00 as of Jul. 06, 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 Zheshang Securities Co (SHSE:601878) Overvalued in 2026?
Based on GuruFocus' analysis, Zheshang Securities Co stock appears to be undervalued.
The current stock price of ¥9.78 is trading 2.8% below its estimated GF Value™ of ¥10.06.
GuruFocus considers Zheshang Securities Co to be Fairly Valued.
Key valuation signals for SHSE:601878:
Median PS Value: ¥0.00
GF Value™: ¥10.06 vs. price of ¥9.78 (2.8% below fair value)
No single metric tells the full story. See the SHSE:601878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zheshang Securities Co Ltd is a securities brokerage firm. The company offers various services, including securities brokerage, investment banking, asset management, financial adviser services, investment consulting, securities self-operation, and margin trading services. It also engages in the financial futures brokerage business, commodity futures brokerage business, and asset management. It generates the majority of its revenue from the Futures business.
61GF Score
Get the complete analysis for SHSE:601878
Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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