Quectel Wireless Solutions Co (SHSE:603236) Cyclically Adjusted Book per Share: ¥7.45 (As of Mar. 2026)

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SHSE:603236 Quectel Wireless Solutions Co Ltd SHSE:603236
92 GF Score
Price ¥50.16
GF Value ¥67.56
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Quectel Wireless Solutions Co Cyclically Adjusted Book per Share?

Quectel Wireless Solutions Co SHSE:603236 -5.68% 92 Cyclically Adjusted Book per Share is ¥7.45 as of Mar. 2026. GuruFocus rates SHSE:603236 with a GF Score™ of 92/100 and a GF Value™ of ¥67.56 (Modestly 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.

Quectel Wireless Solutions Co's adjusted book value per share for the three months ended in Mar. 2026 was ¥17.361. 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 ¥7.45 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-19), Quectel Wireless Solutions Co's current stock price is ¥50.16. Quectel Wireless Solutions Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥7.45. Quectel Wireless Solutions Co's Cyclically Adjusted PB Ratio of today is 6.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Quectel Wireless Solutions Co was 9.70. The lowest was 6.25. And the median was 7.23.


Quectel Wireless Solutions Co  (SHSE:603236) 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.

Quectel Wireless Solutions Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.16/7.45
=6.73

* 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 Quectel Wireless Solutions Co was 9.70. The lowest was 6.25. And the median was 7.23.


Be Aware

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


Quectel Wireless Solutions Co Cyclically Adjusted Book per Share Related Terms


Quectel Wireless Solutions Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Quectel Wireless Solutions 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.

Quectel Wireless Solutions Co Cyclically Adjusted Book per Share Chart

Quectel Wireless Solutions 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 0.00 0.00

Quectel Wireless Solutions 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 0.00 0.00 0.00 0.00 7.45

SHSE:603236 vs CSCO, CIEN, MSI: Cyclically Adjusted Book per Share Comparison

For the Communication Equipment subindustry, Quectel Wireless Solutions 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.


Quectel Wireless Solutions Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Quectel Wireless Solutions Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Quectel Wireless Solutions Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603236
92GF Score
Quectel Wireless Solutions Co Ltd SHSE:603236
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quectel Wireless Solutions 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, Quectel Wireless Solutions 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)
=17.361/116.3033*116.3033
=17.361

Current CPI (Mar. 2026) = 116.3033.

Quectel Wireless Solutions Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.105 97.624 1.316
201412 1.354 99.000 1.591
201512 2.076 100.600 2.400
201606 2.547 101.400 2.921
201612 0.583 102.600 0.661
201706 2.108 103.100 2.378
201712 1.751 104.500 1.949
201803 0.000 105.300 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 2.465 106.500 2.692
201903 2.635 107.700 2.845
201906 2.775 107.700 2.997
201909 4.677 109.800 4.954
201912 4.837 111.200 5.059
202003 4.940 112.300 5.116
202006 4.922 110.400 5.185
202009 5.085 111.700 5.295
202012 5.272 111.500 5.499
202103 8.082 112.662 8.343
202106 8.139 111.769 8.469
202109 8.422 112.215 8.729
202112 8.662 113.108 8.907
202203 8.995 114.335 9.150
202206 9.123 114.558 9.262
202209 9.531 115.339 9.611
202212 10.044 115.116 10.148
202303 9.722 115.116 9.822
202306 9.265 114.558 9.406
202309 9.469 115.339 9.548
202312 9.807 114.781 9.937
202403 9.777 115.227 9.868
202406 10.071 114.781 10.205
202409 10.410 115.785 10.457
202412 11.020 114.893 11.155
202503 11.592 115.116 11.712
202506 12.018 114.907 12.164
202509 11.224 115.471 11.305
202512 17.004 115.832 17.073
202603 17.361 116.303 17.361

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 ¥7.45 mean?
Quectel Wireless Solutions Co (SHSE:603236) has a Cyclically Adjusted Book per Share of ¥7.45 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 Quectel Wireless Solutions Co and its competitors.
Is Quectel Wireless Solutions Co's Cyclically Adjusted Book per Share too high?
Quectel Wireless Solutions Co's current Cyclically Adjusted Book per Share is ¥7.45. Overall, Quectel Wireless Solutions Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quectel Wireless Solutions Co's Cyclically Adjusted Book per Share compare to CSCO and CIEN?
Quectel Wireless Solutions Co's Cyclically Adjusted Book per Share of ¥7.45 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware 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 Quectel Wireless Solutions Co and its competitors. Quectel Wireless Solutions Co's current Cyclically Adjusted Book per Share is ¥7.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quectel Wireless Solutions Co stock overvalued right now?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co (SHSE:603236) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥67.56, compared to a current price of ¥50.16 — trading 25.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is ¥7.45. Quectel Wireless Solutions Co's overall GF Score™ is 92/100 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 Quectel Wireless Solutions Co (SHSE:603236), the current Cyclically Adjusted Book per Share is ¥7.45 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 Quectel Wireless Solutions Co (SHSE:603236) Overvalued in 2026?

Based on GuruFocus' analysis, Quectel Wireless Solutions Co stock appears to be undervalued. The current stock price of ¥50.16 is trading 25.8% below its estimated GF Value™ of ¥67.56. GuruFocus considers Quectel Wireless Solutions Co to be Modestly Undervalued.

Key valuation signals for SHSE:603236:

  • Cyclically Adjusted Book per Share: ¥7.45
  • GF Value™: ¥67.56 vs. price of ¥50.16 (25.8% below fair value)
  • GF Score™: 92/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quectel Wireless Solutions Co Business Description

Address No.1016 Tianlin Road, Building 5, Shanghai Business Park, Minhang District, Shanghai, CHN, 200233
Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules.
92GF Score

Get the complete analysis for SHSE:603236

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

¥50.16
Price
¥67.56
GF Value