Nuode New Materials Co (SHSE:600110) Cyclically Adjusted Book per Share: ¥2.68 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600110 Nuode New Materials Co Ltd SHSE:600110
73 GF Score
Price ¥12.14
GF Value ¥10.82
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Nuode New Materials Co Cyclically Adjusted Book per Share?

Nuode New Materials Co SHSE:600110 +5.20% 73 Cyclically Adjusted Book per Share is ¥2.68 as of Mar. 2026. GuruFocus rates SHSE:600110 with a GF Score™ of 73/100 and a GF Value™ of ¥10.82 (Modestly Overvalued). The stock has 8 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.

Nuode New Materials Co's adjusted book value per share for the three months ended in Mar. 2026 was ¥3.250. 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 ¥2.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nuode New Materials Co's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 Nuode New Materials Co was 17.20% per year. The lowest was 2.60% per year. And the median was 6.70% per year.

As of today (2026-07-14), Nuode New Materials Co's current stock price is ¥12.14. Nuode New Materials Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥2.68. Nuode New Materials Co's Cyclically Adjusted PB Ratio of today is 4.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nuode New Materials Co was 12.07. The lowest was 1.14. And the median was 3.15.


Nuode New Materials Co  (SHSE:600110) 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.

Nuode New Materials Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.14/2.68
=4.53

* 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 Nuode New Materials Co was 12.07. The lowest was 1.14. And the median was 3.15.


Be Aware

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


Nuode New Materials Co Cyclically Adjusted Book per Share Related Terms


Nuode New Materials Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Nuode New Materials 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.

Nuode New Materials Co Cyclically Adjusted Book per Share Chart

Nuode New Materials 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 1.97 2.16 2.31 2.45 2.63

Nuode New Materials Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.49 2.52 2.59 2.63 2.68

SHSE:600110 vs VRT, BE: Cyclically Adjusted Book per Share Comparison

For the Electrical Equipment & Parts subindustry, Nuode New Materials 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.


Nuode New Materials Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nuode New Materials Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nuode New Materials Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600110
73GF Score
Nuode New Materials Co Ltd SHSE:600110
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuode New Materials 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, Nuode New Materials Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.25/116.3033*116.3033
=3.250

Current CPI (Mar. 2026) = 116.3033.

Nuode New Materials Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.612 101.400 1.849
201609 1.618 102.400 1.838
201612 1.629 102.600 1.847
201703 1.661 103.200 1.872
201706 1.727 103.100 1.948
201709 1.766 104.100 1.973
201712 1.797 104.500 2.000
201803 1.818 105.300 2.008
201806 1.787 104.900 1.981
201809 1.811 106.600 1.976
201812 1.856 106.500 2.027
201903 1.883 107.700 2.033
201906 1.894 107.700 2.045
201909 1.915 109.800 2.028
201912 1.754 111.200 1.834
202003 1.748 112.300 1.810
202006 1.741 110.400 1.834
202009 1.430 111.700 1.489
202012 2.442 111.500 2.547
202103 2.491 112.662 2.572
202106 2.587 111.769 2.692
202109 2.683 112.215 2.781
202112 2.748 113.108 2.826
202203 3.594 114.335 3.656
202206 3.588 114.558 3.643
202209 3.652 115.339 3.683
202212 3.594 115.116 3.631
202303 3.642 115.116 3.680
202306 3.661 114.558 3.717
202309 3.566 115.339 3.596
202312 3.502 114.781 3.548
202403 3.418 115.227 3.450
202406 3.366 114.781 3.411
202409 3.340 115.785 3.355
202412 3.274 114.893 3.314
202503 3.308 115.116 3.342
202506 3.246 114.907 3.285
202509 3.392 115.471 3.416
202512 3.246 115.832 3.259
202603 3.250 116.303 3.250

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 ¥2.68 mean?
Nuode New Materials Co (SHSE:600110) has a Cyclically Adjusted Book per Share of ¥2.68 as of Mar. 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 Nuode New Materials Co and its competitors.
Is Nuode New Materials Co's Cyclically Adjusted Book per Share too high?
Nuode New Materials Co's current Cyclically Adjusted Book per Share is ¥2.68. Overall, Nuode New Materials Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuode New Materials Co's Cyclically Adjusted Book per Share compare to VRT and BE?
Nuode New Materials Co's Cyclically Adjusted Book per Share of ¥2.68 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products 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 Nuode New Materials Co and its competitors. Nuode New Materials Co's current Cyclically Adjusted Book per Share is ¥2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuode New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Nuode New Materials Co (SHSE:600110) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.82, compared to a current price of ¥12.14 — trading 12.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is ¥2.68. Nuode New Materials Co's overall GF Score™ is 73/100 with 8 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 Nuode New Materials Co (SHSE:600110), the current Cyclically Adjusted Book per Share is ¥2.68 as of Mar. 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 Nuode New Materials Co (SHSE:600110) Overvalued in 2026?

Based on GuruFocus' analysis, Nuode New Materials Co stock appears to be overvalued. The current stock price of ¥12.14 is trading 12.2% above its estimated GF Value™ of ¥10.82. GuruFocus considers Nuode New Materials Co to be Modestly Overvalued.

Key valuation signals for SHSE:600110:

  • Cyclically Adjusted Book per Share: ¥2.68
  • GF Value™: ¥10.82 vs. price of ¥12.14 (12.2% above fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuode New Materials Co Business Description

Address No. 8 Shazui Road, 16th Floor, Block A, LVGEM Hongshuwan No. 1, Futian District, Shenzhen, CHN, 518000
Nuode New Materials Co Ltd through its subsidiaries mainly engaged in the research and development, production and sales of electrolytic copper foil.
73GF Score

Get the complete analysis for SHSE:600110

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

¥12.14
Price
¥10.82
GF Value