SF Holding Co (HKSE:06936) Cyclically Adjusted Book per Share: HK$15.47 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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HKSE:06936 SF Holding Co Ltd HKSE:06936
74 GF Score
Price HK$29.72
GF Value HK$43.22
Valuation Significantly Undervalued
! 3 Warning Signs
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What is SF Holding Co Cyclically Adjusted Book per Share?

SF Holding Co HKSE:06936 -1.64% 74 Cyclically Adjusted Book per Share is HK$15.47 as of Jun. 2026. GuruFocus rates HKSE:06936 with a GF Score™ of 74/100 and a GF Value™ of HK$43.22 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

SF Holding Co's adjusted book value per share for the three months ended in Jun. 2026 was HK$22.581. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is HK$15.47 for the trailing ten years ended in Jun. 2026.

During the past 12 months, SF Holding Co's average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SF Holding Co was 12.60% per year. The lowest was 7.70% per year. And the median was 11.15% per year.

As of today (2026-09-10), SF Holding Co's current stock price is HK$29.72. SF Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was HK$15.47. SF Holding Co's Cyclically Adjusted PB Ratio of today is 1.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SF Holding Co was 12.29. The lowest was 1.97. And the median was 4.41.


SF Holding Co  (HKSE:06936) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

SF Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.72/15.47
=1.92

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SF Holding Co was 12.29. The lowest was 1.97. And the median was 4.41.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


SF Holding Co Cyclically Adjusted Book per Share Related Terms


SF Holding Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for SF Holding Co's Cyclically Adjusted Book per Share can be seen below:

* 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.

SF Holding Co Cyclically Adjusted Book per Share Chart

SF Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 12.64 13.77

SF Holding Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.72 15.07 13.77 14.52 15.47

HKSE:06936 vs UPS, FDX, EXPD: Cyclically Adjusted Book per Share Comparison

For the Integrated Freight & Logistics subindustry, SF Holding Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


SF Holding Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, SF Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SF Holding Co's Cyclically Adjusted PB Ratio falls into.


HKSE:06936
74GF Score
SF Holding Co Ltd HKSE:06936
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SF Holding Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, SF Holding Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=22.581/116.0564*116.0564
=22.581

Current CPI (Jun. 2026) = 116.0564.

SF Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.518 102.400 3.987
201612 100.655 102.600 113.856
201703 5.745 103.200 6.461
201706 5.986 103.100 6.738
201709 8.470 104.100 9.443
201712 8.832 104.500 9.809
201803 9.461 105.300 10.427
201806 9.312 104.900 10.302
201809 9.017 106.600 9.817
201812 9.437 106.500 10.284
201903 9.923 107.700 10.693
201906 9.870 107.700 10.636
201909 9.912 109.800 10.477
201912 10.701 111.200 11.168
202003 10.937 112.300 11.303
202006 11.527 110.400 12.118
202009 13.142 111.700 13.655
202012 14.685 111.500 15.285
202103 14.742 112.662 15.186
202106 15.028 111.769 15.604
202109 14.171 112.215 14.656
202112 20.701 113.108 21.241
202203 20.750 114.335 21.062
202206 19.568 114.558 19.824
202209 19.382 115.339 19.503
202212 19.679 115.116 19.840
202303 20.385 115.116 20.552
202306 20.097 114.558 20.360
202309 19.886 115.339 20.010
202312 20.733 114.781 20.963
202403 20.252 115.227 20.398
202406 19.799 114.781 20.019
202409 20.718 115.785 20.767
202412 19.698 114.893 19.898
202503 20.233 115.116 20.398
202506 20.886 114.907 21.095
202509 21.311 115.471 21.419
202512 21.770 115.832 21.812
202603 21.656 116.303 21.610
202606 22.581 116.056 22.581

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of HK$15.47 mean?
SF Holding Co (HKSE:06936) has a Cyclically Adjusted Book per Share of HK$15.47 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on SF Holding Co and its competitors.
Is SF Holding Co's Cyclically Adjusted Book per Share too high?
SF Holding Co's current Cyclically Adjusted Book per Share is HK$15.47. Overall, SF Holding Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SF Holding Co's Cyclically Adjusted Book per Share compare to UPS and FDX?
SF Holding Co's Cyclically Adjusted Book per Share of HK$15.47 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on SF Holding Co and its competitors. SF Holding Co's current Cyclically Adjusted Book per Share is HK$15.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SF Holding Co stock overvalued right now?
Based on GuruFocus' analysis, SF Holding Co (HKSE:06936) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$43.22, compared to a current price of HK$29.72 — trading 31.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is HK$15.47. SF Holding Co's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For SF Holding Co (HKSE:06936), the current Cyclically Adjusted Book per Share is HK$15.47 as of Jun. 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 SF Holding Co (HKSE:06936) Overvalued in 2026?

Based on GuruFocus' analysis, SF Holding Co stock appears to be undervalued. The current stock price of HK$29.72 is trading 31.2% below its estimated GF Value™ of HK$43.22. GuruFocus considers SF Holding Co to be Significantly Undervalued.

Key valuation signals for HKSE:06936:

  • Cyclically Adjusted Book per Share: HK$15.47
  • GF Value™: HK$43.22 vs. price of HK$29.72 (31.2% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the HKSE:06936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SF Holding Co Business Description

Address Keji South 1st Road, TK Chuangzhi Tiandi Building, Nanshan District, Guangdong Province, Shenzhen, CHN
SF Holding was the largest logistics integrated service provider in China and Asia, and the fourth largest globally in 2025 by revenue, according to Frost & Sullivan. It is the only large integrated logistics service provider in Asia that has direct control of its operations with minimal reliance on network partners. It is also independent of any e-commerce platforms. The company is equipped with full-product service capabilities in time-definite express delivery, economic express delivery, freight, cold chain and pharmaceutical, intracity on-demand delivery, international express delivery, international freight and forwarding, and supply chain.
74GF Score

Get the complete analysis for HKSE:06936

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$29.72
Price
HK$43.22
GF Value