China Merchants Bank CoCIHKY -2.61%63 PS Ratio is 3.12 as of Jul. 05, 2026, which is 1% below its 10-year median of 3.14. GuruFocus rates CIHKY with a GF Score™ of 63/100 and a GF Value™ of $29.66 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,519 Banks companies, China Merchants Bank Co ranks better than 52.73% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, China Merchants Bank Co's share price is $28.00.
China Merchants Bank Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $8.98. Hence, China Merchants Bank Co's PS Ratio for today is 3.12.
The historical rank and industry rank for China Merchants Bank Co's PS Ratio or its related term are showing as below:
CIHKY'
s PS Ratio Range Over the Past 10 Years
Min: 2.04 Med: 3.14 Max: 5.09
Current: 2.91
During the past 13 years, China Merchants Bank Co's highest PS Ratio was 5.09. The lowest was 2.04. And the median was 3.14.
CIHKY's PS Ratio is ranked better than 52.73% of 1519
companies
in the Banks industry
Industry Median: 3
vs CIHKY: 2.91
China Merchants Bank Co Ltd revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of China Merchants Bank Co was 0.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -1.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 1.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.60% per year.
During the past 13 years, China Merchants Bank Co's highest 3-Year average Revenue per Share Growth Rate was 313.40% per year. The lowest was -67.60% per year. And the median was 9.80% per year.
Back to Basics: PS Ratio
China Merchants Bank Co (OTCPK:CIHKY) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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.
China Merchants Bank Co PS Ratio Competitor Comparison
For the Banks - Regional subindustry, China Merchants Bank Co's PS Ratio, along with its competitors' market caps and 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.
China Merchants Bank Co PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, China Merchants Bank Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where China Merchants Bank Co's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
China Merchants Bank Co's Share Price of today is $28.00. China Merchants Bank 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 $8.98.
* 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.
It can also be calculated from the numbers for the whole company:
China Merchants Bank Co (CIHKY) has a PS Ratio of 3.12 as of Jul. 05, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on China Merchants Bank Co and its competitors. This is near median its historical median of 3.14. Over the past decade, China Merchants Bank Co's PS Ratio has ranged from 2.04 to 5.09. According to the industry distribution chart, China Merchants Bank Co ranks #718 out of 1519 companies in the Banks industry, placing it in the top 47.3%.
Is China Merchants Bank Co's PS Ratio too high?
China Merchants Bank Co's current PS Ratio of 3.12 is near median its 10-year median of 3.14. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 5.09. The Banks industry median PS Ratio is 3.00. China Merchants Bank Co's value of 3.12 is 4% above this industry median. Based on the distribution chart, China Merchants Bank Co ranks #718 out of 1519 companies in the Banks industry, which is above the industry midpoint. Overall, China Merchants Bank Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Bank Co's PS Ratio compare to competitors?
According to the Banks industry distribution chart, China Merchants Bank Co ranks #718 out of 1519 companies for PS Ratio. This puts China Merchants Bank Co in the upper half of its industry. The industry median PS Ratio is 3.00. China Merchants Bank Co's value of 3.12 is 4% above this benchmark. Historically, China Merchants Bank Co's own PS Ratio has ranged from 2.04 to 5.09 over the past decade. While the company's 10-year median is 3.14 vs. the industry median of 3.00, China Merchants Bank Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 3.00, based on 1,519 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Merchants Bank Co's current PS Ratio of 3.12 is 4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on China Merchants Bank Co and its competitors. For the Banks industry, the median PS Ratio is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Bank Co's current PS Ratio is 3.12, which is near median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Bank Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Bank Co (CIHKY) is currently considered Fairly Valued. The stock's GF Value™ is $29.66, compared to a current price of $28.00 — trading 5.6% below its estimated fair value. The current PS Ratio is 3.12, which is near median its 10-year median of 3.14 and 4% above the Banks industry median of 3.00. China Merchants Bank Co's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For China Merchants Bank Co (CIHKY), the current PS Ratio is 3.12 as of Jul. 05, 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 China Merchants Bank Co (CIHKY) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued.
The current stock price of $28.00 is trading 5.6% below its estimated GF Value™ of $29.66.
GuruFocus considers China Merchants Bank Co to be Fairly Valued.
Key valuation signals for CIHKY:
PS Ratio: 3.12 (near median its 10-year median of 3.14)
GF Value™: $29.66 vs. price of $28.00 (5.6% below fair value)
Industry Position: 4% above the Banks median (#718 of 1519)
No single metric tells the full story. See the CIHKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 49%, 51%, and 0% of total profit before tax, respectively, and 40%, 58%, and 2% of total revenue in 2024.
63GF Score
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