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Zheshang Securities Co Ltd
SSE:601878

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Zheshang Securities Co Ltd
SSE:601878
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Price: 9.77 CNY 4.05% Market Closed
Market Cap: ¥44.7B

P/S

4.9
Current
70%
More Expensive
vs 3-y average of 2.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.9
=
Market Cap
¥43.8B
/
Revenue
¥9.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.9
=
Market Cap
¥43.8B
/
Revenue
¥9.1B

Valuation Scenarios

Zheshang Securities Co Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (2.9), the stock would be worth ¥5.76 (41% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-44%
Maximum Upside
+9%
Average Downside
29%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 4.9 ¥9.77
0%
3-Year Average 2.9 ¥5.76
-41%
5-Year Average 2.8 ¥5.68
-42%
Industry Average 5.3 ¥10.63
+9%
Country Average 2.8 ¥5.52
-44%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥43.8B
/
Jan 2026
¥9.1B
=
4.9
Current
¥43.8B
/
Dec 2026
¥12.8B
=
3.4
Forward
¥43.8B
/
Dec 2027
¥13.5B
=
3.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in China
Percentile
67th
Based on 7 736 companies
67th percentile
4.9
Low
0 — 1.5
Typical Range
1.5 — 5.4
High
5.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.8
70th Percentile 5.4
Max 5 034 353.9

Zheshang Securities Co Ltd
Glance View

Market Cap
44.7B CNY
Industry
Financial Services

In the bustling financial markets of China, Zheshang Securities Co Ltd. operates as a dynamic player. Established in the highly competitive environment of China's rapidly modernizing economy, the company has diligently carved its niche as a full-service brokerage firm. With a mission to bridge the financial needs of individuals and institutions alike, Zheshang Securities offers a variety of services, including securities brokerage, investment banking, and asset management. The firm’s growth narrative is interwoven with its regional understanding and strategic positioning, allowing it to capitalize on the evolving regulatory landscape and shifting market trends within China. At the heart of Zheshang Securities' business model is its brokerage service, a primary revenue stream that helps clients navigate the intricacies of the financial markets. By facilitating the buying and selling of securities, the company earns commissions and fees, bolstering its financial standing. Additionally, its investment banking division caters to corporate clients seeking advice on mergers and acquisitions, underwriting, and other strategic financial endeavors, thus earning substantial advisory fees. Meanwhile, the asset management segment manages investments on behalf of clients, leveraging its expertise to generate returns, which in turn garners fund management fees. Altogether, Zheshang Securities' diverse operations create a robust framework for growth, consolidating its position within China's financial sector.

Intrinsic Value
15.04 CNY
Undervaluation 35%
Intrinsic Value
Price ¥9.77
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