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SHSE:688607's PS Ratio is ranked worse than 82.07% of 803
companies
in the Medical Devices & Instruments industry
Industry Median: 2.89
vs SHSE:688607: 8.63
Careray Digital Medical Technology Co (SHSE:688607) 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.
Careray Digital Medical Technology Co PS Ratio Related Terms
Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co PS Ratio Chart
For the Medical Devices subindustry, Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co PS Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Careray Digital Medical Technology Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Careray Digital Medical Technology Co's PS Ratio falls into.
Careray Digital Medical Technology 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.
Careray Digital Medical Technology Co's Share Price of today is ¥36.04. Careray Digital Medical Technology 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 ¥4.18.
* 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:
Careray Digital Medical Technology Co (SHSE:688607) has a PS Ratio of 8.63 as of Jul. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Careray Digital Medical Technology Co and its competitors. This is 11% above median its historical median of 7.76. Over the past decade, Careray Digital Medical Technology Co's PS Ratio has ranged from 3.39 to 16.43. According to the industry distribution chart, Careray Digital Medical Technology Co ranks #659 out of 803 companies in the Medical Devices & Instruments industry, placing it in the top 82.1%.
Is Careray Digital Medical Technology Co's PS Ratio too high?
Careray Digital Medical Technology Co's current PS Ratio of 8.63 is 11% above median its 10-year median of 7.76. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 16.43. The Medical Devices & Instruments industry median PS Ratio is 2.89. Careray Digital Medical Technology Co's value of 8.63 is 198.6% above this industry median. Based on the distribution chart, Careray Digital Medical Technology Co ranks #659 out of 803 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Careray Digital Medical Technology Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Careray Digital Medical Technology Co's PS Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Careray Digital Medical Technology Co ranks #659 out of 803 companies for PS Ratio. This places Careray Digital Medical Technology Co in the lower half of its industry. The industry median PS Ratio is 2.89. Careray Digital Medical Technology Co's value of 8.63 is 198.6% above this benchmark. Historically, Careray Digital Medical Technology Co's own PS Ratio has ranged from 3.39 to 16.43 over the past decade. While the company's 10-year median is 7.76 vs. the industry median of 2.89, Careray Digital Medical Technology 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 Medical Devices & Instruments company?
The median PS Ratio among Medical Devices & Instruments companies is 2.89, based on 803 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. Careray Digital Medical Technology Co's current PS Ratio of 8.63 is 198.6% 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 Careray Digital Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median PS Ratio is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Careray Digital Medical Technology Co's current PS Ratio is 8.63, which is 11% above median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Careray Digital Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co (SHSE:688607) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥29.95, compared to a current price of ¥36.04 — trading 20.3% above its estimated fair value. The current PS Ratio is 8.63, which is 11% above median its 10-year median of 7.76 and 198.6% above the Medical Devices & Instruments industry median of 2.89. Careray Digital Medical Technology Co's overall GF Score™ is 75/100 with 6 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 Careray Digital Medical Technology Co (SHSE:688607), the current PS Ratio is 8.63 as of Jul. 29, 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 Careray Digital Medical Technology Co (SHSE:688607) Overvalued in 2026?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co stock appears to be overvalued.
The current stock price of ¥36.04 is trading 20.3% above its estimated GF Value™ of ¥29.95.
GuruFocus considers Careray Digital Medical Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688607:
PS Ratio: 8.63 (11% above median its 10-year median of 7.76)
GF Value™: ¥29.95 vs. price of ¥36.04 (20.3% above fair value)
Industry Position: 198.6% above the Medical Devices & Instruments median (#659 of 803)
No single metric tells the full story. See the SHSE:688607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Careray Digital Medical Technology Co Business Description
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.
75GF Score
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