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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 Qingdao Topscomm Communication's Median PS Value or its related term are showing as below:
SHSE:603421's Price-to-Median-PS-Value is not ranked *
in the Hardware industry.
Industry Median: 1.19 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
Qingdao Topscomm Communication (SHSE:603421) 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.
Qingdao Topscomm Communication's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
5.22
/
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.
Qingdao Topscomm Communication Median PS Value Related Terms
Qingdao Topscomm Communication 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.
Qingdao Topscomm Communication Median PS Value Chart
SHSE:603421 vs COHR, KEYS, GRMN: Median PS Value Comparison
For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.
Qingdao Topscomm Communication Price-to-Median-PS-Value vs Hardware Industry
For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Qingdao Topscomm Communication's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.
Qingdao Topscomm Communication'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 ¥2.272.
* 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.
Qingdao Topscomm Communication (SHSE:603421) has a Median PS Value of ¥0.00 as of Jul. 21, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Qingdao Topscomm Communication and its competitors. According to the industry distribution chart, Qingdao Topscomm Communication ranks #999999 out of 1560 companies in the Hardware industry.
Is Qingdao Topscomm Communication's Median PS Value too high?
Qingdao Topscomm Communication's current Median PS Value is ¥0.00. Based on the distribution chart, Qingdao Topscomm Communication ranks #999999 out of 1560 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Qingdao Topscomm Communication has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Topscomm Communication's Median PS Value compare to COHR and KEYS?
According to the Hardware industry distribution chart, Qingdao Topscomm Communication ranks #999999 out of 1560 companies for Median PS Value. This places Qingdao Topscomm Communication in the lower half of its industry. The industry median Median PS Value is 1.19. 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 Hardware company?
The median Median PS Value among Hardware companies is 1.19, based on 1,560 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 Qingdao Topscomm Communication and its competitors. For the Hardware industry, the median Median PS Value is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Topscomm Communication'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 Qingdao Topscomm Communication stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Topscomm Communication (SHSE:603421) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.42, compared to a current price of ¥5.22 — trading 52.6% above its estimated fair value. The current Median PS Value is ¥0.00. Qingdao Topscomm Communication's overall GF Score™ is 54/100 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 Qingdao Topscomm Communication (SHSE:603421), the current Median PS Value is ¥0.00 as of Jul. 21, 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 Qingdao Topscomm Communication (SHSE:603421) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Topscomm Communication stock appears to be overvalued.
The current stock price of ¥5.22 is trading 52.6% above its estimated GF Value™ of ¥3.42.
GuruFocus considers Qingdao Topscomm Communication to be Significantly Overvalued.
Key valuation signals for SHSE:603421:
Median PS Value: ¥0.00
GF Value™: ¥3.42 vs. price of ¥5.22 (52.6% above fair value)
No single metric tells the full story. See the SHSE:603421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Topscomm Communication Business Description
Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.
54GF Score
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