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Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) 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.
Guangdong Meiyan Jixiang Hydropower Co PS Ratio Related Terms
Guangdong Meiyan Jixiang Hydropower Co PS Ratio 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.
Guangdong Meiyan Jixiang Hydropower Co PS Ratio Chart
Guangdong Meiyan Jixiang Hydropower Co Annual Data
Guangdong Meiyan Jixiang Hydropower Co PS Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Guangdong Meiyan Jixiang Hydropower 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.
Guangdong Meiyan Jixiang Hydropower Co PS Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Guangdong Meiyan Jixiang Hydropower Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Guangdong Meiyan Jixiang Hydropower Co's PS Ratio falls into.
Guangdong Meiyan Jixiang Hydropower Co PS Ratio Calculation
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.
Guangdong Meiyan Jixiang Hydropower Co's Share Price of today is ¥2.71. Guangdong Meiyan Jixiang Hydropower 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 ¥0.20.
* 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:
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) has a PS Ratio of 13.35 as of Aug. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Guangdong Meiyan Jixiang Hydropower Co and its competitors. This is 40% below median its historical median of 22.07. Over the past decade, Guangdong Meiyan Jixiang Hydropower Co's PS Ratio has ranged from 8.90 to 43.51. According to the industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #365 out of 420 companies in the Utilities - Independent Power Producers industry, placing it in the top 86.9%.
Is Guangdong Meiyan Jixiang Hydropower Co's PS Ratio too high?
Guangdong Meiyan Jixiang Hydropower Co's current PS Ratio of 13.35 is 40% below median its 10-year median of 22.07. Over the past 10 years, this metric has ranged from a low of 8.90 to a high of 43.51. The Utilities - Independent Power Producers industry median PS Ratio is 2.60. Guangdong Meiyan Jixiang Hydropower Co's value of 13.35 is 414.5% above this industry median. Based on the distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #365 out of 420 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Guangdong Meiyan Jixiang Hydropower 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 Guangdong Meiyan Jixiang Hydropower Co's PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Guangdong Meiyan Jixiang Hydropower Co ranks #365 out of 420 companies for PS Ratio. This places Guangdong Meiyan Jixiang Hydropower Co in the lower half of its industry. The industry median PS Ratio is 2.60. Guangdong Meiyan Jixiang Hydropower Co's value of 13.35 is 414.5% above this benchmark. Historically, Guangdong Meiyan Jixiang Hydropower Co's own PS Ratio has ranged from 8.90 to 43.51 over the past decade. While the company's 10-year median is 22.07 vs. the industry median of 2.60, Guangdong Meiyan Jixiang Hydropower 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 an Utilities - Independent Power Producers company?
The median PS Ratio among Utilities - Independent Power Producers companies is 2.60, based on 420 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. Guangdong Meiyan Jixiang Hydropower Co's current PS Ratio of 13.35 is 414.5% 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 Guangdong Meiyan Jixiang Hydropower Co and its competitors. For the Utilities - Independent Power Producers industry, the median PS Ratio is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Meiyan Jixiang Hydropower Co's current PS Ratio is 13.35, which is 40% below median its own 10-year median of 22.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Meiyan Jixiang Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.83, compared to a current price of ¥2.71 — trading 4.2% below its estimated fair value. The current PS Ratio is 13.35, which is 40% below median its 10-year median of 22.07 and 414.5% above the Utilities - Independent Power Producers industry median of 2.60. Guangdong Meiyan Jixiang Hydropower Co's overall GF Score™ is 63/100 with 4 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 Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868), the current PS Ratio is 13.35 as of Aug. 01, 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 Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co stock appears to be undervalued.
The current stock price of ¥2.71 is trading 4.2% below its estimated GF Value™ of ¥2.83.
GuruFocus considers Guangdong Meiyan Jixiang Hydropower Co to be Fairly Valued.
Key valuation signals for SHSE:600868:
PS Ratio: 13.35 (40% below median its 10-year median of 22.07)
GF Value™: ¥2.83 vs. price of ¥2.71 (4.2% below fair value)
Industry Position: 414.5% above the Utilities - Independent Power Producers median (#365 of 420)
No single metric tells the full story. See the SHSE:600868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Meiyan Jixiang Hydropower Co Ltd is mainly engaged in power generation and hydropower generation in China. The company's main business is hydropower generation. Its business divisions include hydroelectric generation, copper foil production, cement industry, silver mining, education services business and sales. The company mainly operates its business in Guangdong Province.
63GF Score
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