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Shanghai New Vision Microelectronics Co (SHSE:688593) 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.
Shanghai New Vision Microelectronics Co PS Ratio Related Terms
Shanghai New Vision Microelectronics 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.
Shanghai New Vision Microelectronics Co PS Ratio Chart
Shanghai New Vision Microelectronics Co Annual Data
For the Electronic Components subindustry, Shanghai New Vision Microelectronics 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.
Shanghai New Vision Microelectronics Co PS Ratio vs Hardware Industry
Shanghai New Vision Microelectronics 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.
Shanghai New Vision Microelectronics Co's Share Price of today is ¥27.99. Shanghai New Vision Microelectronics 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 ¥1.35.
* 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:
Shanghai New Vision Microelectronics Co (SHSE:688593) has a PS Ratio of 20.81 as of Jul. 31, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Shanghai New Vision Microelectronics Co and its competitors. This is 40% above median its historical median of 14.86. Over the past decade, Shanghai New Vision Microelectronics Co's PS Ratio has ranged from 7.68 to 31.21. According to the industry distribution chart, Shanghai New Vision Microelectronics Co ranks #2363 out of 2470 companies in the Hardware industry, placing it in the top 95.7%.
Is Shanghai New Vision Microelectronics Co's PS Ratio too high?
Shanghai New Vision Microelectronics Co's current PS Ratio of 20.81 is 40% above median its 10-year median of 14.86. Over the past 10 years, this metric has ranged from a low of 7.68 to a high of 31.21. The Hardware industry median PS Ratio is 1.74. Shanghai New Vision Microelectronics Co's value of 20.81 is 1096% above this industry median. Based on the distribution chart, Shanghai New Vision Microelectronics Co ranks #2363 out of 2470 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Shanghai New Vision Microelectronics Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Vision Microelectronics Co's PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Shanghai New Vision Microelectronics Co ranks #2363 out of 2470 companies for PS Ratio. This places Shanghai New Vision Microelectronics Co in the lower half of its industry. The industry median PS Ratio is 1.74. Shanghai New Vision Microelectronics Co's value of 20.81 is 1096% above this benchmark. Historically, Shanghai New Vision Microelectronics Co's own PS Ratio has ranged from 7.68 to 31.21 over the past decade. While the company's 10-year median is 14.86 vs. the industry median of 1.74, Shanghai New Vision Microelectronics 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 Hardware company?
The median PS Ratio among Hardware companies is 1.74, based on 2,470 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. Shanghai New Vision Microelectronics Co's current PS Ratio of 20.81 is 1096% 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 Shanghai New Vision Microelectronics Co and its competitors. For the Hardware industry, the median PS Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Vision Microelectronics Co's current PS Ratio is 20.81, which is 40% above median its own 10-year median of 14.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Vision Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co (SHSE:688593) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥22.54, compared to a current price of ¥27.99 — trading 24.2% above its estimated fair value. The current PS Ratio is 20.81, which is 40% above median its 10-year median of 14.86 and 1096% above the Hardware industry median of 1.74. Shanghai New Vision Microelectronics Co's overall GF Score™ is 83/100 with 7 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 Shanghai New Vision Microelectronics Co (SHSE:688593), the current PS Ratio is 20.81 as of Jul. 31, 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 Shanghai New Vision Microelectronics Co (SHSE:688593) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Vision Microelectronics Co stock appears to be overvalued.
The current stock price of ¥27.99 is trading 24.2% above its estimated GF Value™ of ¥22.54.
GuruFocus considers Shanghai New Vision Microelectronics Co to be Modestly Overvalued.
Key valuation signals for SHSE:688593:
PS Ratio: 20.81 (40% above median its 10-year median of 14.86)
GF Value™: ¥22.54 vs. price of ¥27.99 (24.2% above fair value)
Industry Position: 1096% above the Hardware median (#2363 of 2470)
No single metric tells the full story. See the SHSE:688593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Vision Microelectronics Co Ltd is engaged in research & Development, design, and sales of display chips. The company is committed to providing new display IC products and system solutions. It has formed nearly a hundred new display IC and power supply IC products covering smart wearables, mobile phones, tablets, monitors, notebooks, TVs, etc, and has long committed to TFT-LCD, AMOLED display driver chips, and power management chips.
83GF Score
Get the complete analysis for SHSE:688593
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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