Jason Furniture (Hangzhou) Co (SHSE:603816) Cyclically Adjusted Book per Share: ¥8.91 (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:603816 Jason Furniture (Hangzhou) Co Ltd SHSE:603816
91 GF Score
Price ¥23.83
GF Value ¥32.67
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Jason Furniture (Hangzhou) Co Cyclically Adjusted Book per Share?

Jason Furniture (Hangzhou) Co SHSE:603816 -2.01% 91 Cyclically Adjusted Book per Share is ¥8.91 as of Mar. 2026. GuruFocus rates SHSE:603816 with a GF Score™ of 91/100 and a GF Value™ of ¥32.67 (Modestly Undervalued). The stock has 2 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.

Jason Furniture (Hangzhou) Co's adjusted book value per share for the three months ended in Mar. 2026 was ¥13.494. 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 ¥8.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Jason Furniture (Hangzhou) Co's average Cyclically Adjusted Book Growth Rate was 10.70% 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.

As of today (2026-07-25), Jason Furniture (Hangzhou) Co's current stock price is ¥23.83. Jason Furniture (Hangzhou) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥8.91. Jason Furniture (Hangzhou) Co's Cyclically Adjusted PB Ratio of today is 2.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jason Furniture (Hangzhou) Co was 4.45. The lowest was 2.51. And the median was 3.57.


Jason Furniture (Hangzhou) Co  (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.83/8.91
=2.67

* 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 Jason Furniture (Hangzhou) Co was 4.45. The lowest was 2.51. And the median was 3.57.


Be Aware

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


Jason Furniture (Hangzhou) Co Cyclically Adjusted Book per Share Related Terms


Jason Furniture (Hangzhou) Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Cyclically Adjusted Book per Share Chart

Jason Furniture (Hangzhou) 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 7.75 8.75

Jason Furniture (Hangzhou) 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 8.05 8.30 8.45 8.75 8.91

SHSE:603816 vs SN, SGI, MHK: Cyclically Adjusted Book per Share Comparison

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.


Jason Furniture (Hangzhou) Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603816
91GF Score
Jason Furniture (Hangzhou) Co Ltd SHSE:603816
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jason Furniture (Hangzhou) 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, Jason Furniture (Hangzhou) 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)
=13.494/116.3033*116.3033
=13.494

Current CPI (Mar. 2026) = 116.3033.

Jason Furniture (Hangzhou) Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.938 101.400 2.223
201609 1.761 102.400 2.000
201612 4.579 102.600 5.191
201703 4.829 103.200 5.442
201706 4.710 103.100 5.313
201709 5.020 104.100 5.608
201712 5.133 104.500 5.713
201803 5.509 105.300 6.085
201806 5.295 104.900 5.871
201809 5.857 106.600 6.390
201812 5.974 106.500 6.524
201903 6.429 107.700 6.943
201906 6.441 107.700 6.956
201909 6.937 109.800 7.348
201912 7.549 111.200 7.895
202003 7.790 112.300 8.068
202006 7.053 110.400 7.430
202009 8.334 111.700 8.677
202012 8.198 111.500 8.551
202103 8.565 112.662 8.842
202106 8.486 111.769 8.830
202109 9.809 112.215 10.166
202112 9.756 113.108 10.032
202203 10.252 114.335 10.429
202206 9.783 114.558 9.932
202209 10.365 115.339 10.452
202212 10.806 115.116 10.917
202303 11.264 115.116 11.380
202306 11.839 114.558 12.019
202309 11.403 115.339 11.498
202312 11.691 114.781 11.846
202403 12.139 115.227 12.252
202406 11.333 114.781 11.483
202409 11.902 115.785 11.955
202412 11.978 114.893 12.125
202503 12.644 115.116 12.774
202506 11.913 114.907 12.058
202509 12.572 115.471 12.663
202512 12.888 115.832 12.940
202603 13.494 116.303 13.494

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 ¥8.91 mean?
Jason Furniture (Hangzhou) Co (SHSE:603816) has a Cyclically Adjusted Book per Share of ¥8.91 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 Jason Furniture (Hangzhou) Co and its competitors.
Is Jason Furniture (Hangzhou) Co's Cyclically Adjusted Book per Share too high?
Jason Furniture (Hangzhou) Co's current Cyclically Adjusted Book per Share is ¥8.91. Overall, Jason Furniture (Hangzhou) Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jason Furniture (Hangzhou) Co's Cyclically Adjusted Book per Share compare to SN and SGI?
Jason Furniture (Hangzhou) Co's Cyclically Adjusted Book per Share of ¥8.91 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Cyclically Adjusted Book per Share depends on the Furnishings, Fixtures & Appliances 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 Jason Furniture (Hangzhou) Co and its competitors. Jason Furniture (Hangzhou) Co's current Cyclically Adjusted Book per Share is ¥8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jason Furniture (Hangzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co (SHSE:603816) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥32.67, compared to a current price of ¥23.83 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ¥8.91. Jason Furniture (Hangzhou) Co's overall GF Score™ is 91/100 with 2 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 Jason Furniture (Hangzhou) Co (SHSE:603816), the current Cyclically Adjusted Book per Share is ¥8.91 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 Jason Furniture (Hangzhou) Co (SHSE:603816) Overvalued in 2026?

Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co stock appears to be undervalued. The current stock price of ¥23.83 is trading 27.1% below its estimated GF Value™ of ¥32.67. GuruFocus considers Jason Furniture (Hangzhou) Co to be Modestly Undervalued.

Key valuation signals for SHSE:603816:

  • Cyclically Adjusted Book per Share: ¥8.91
  • GF Value™: ¥32.67 vs. price of ¥23.83 (27.1% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603816 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jason Furniture (Hangzhou) Co Business Description

Address No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN
Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the Research and development, design, production and sales of mid- to high-end sofas, soft beds and other soft furniture products for living rooms and bedrooms.
91GF Score

Get the complete analysis for SHSE:603816

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

¥23.83
Price
¥32.67
GF Value