Comefly Outdoor Co (SHSE:603908) Cyclically Adjusted Book per Share: ¥5.39 (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:603908 Comefly Outdoor Co Ltd SHSE:603908
67 GF Score
Price ¥17.09
GF Value ¥22.13
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Comefly Outdoor Co Cyclically Adjusted Book per Share?

Comefly Outdoor Co SHSE:603908 +2.58% 67 Cyclically Adjusted Book per Share is ¥5.39 as of Mar. 2026. GuruFocus rates SHSE:603908 with a GF Score™ of 67/100 and a GF Value™ of ¥22.13 (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.

Comefly Outdoor Co's adjusted book value per share for the three months ended in Mar. 2026 was ¥5.216. 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 ¥5.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Comefly Outdoor Co's average Cyclically Adjusted Book Growth Rate was 5.90% 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.

As of today (2026-07-29), Comefly Outdoor Co's current stock price is ¥17.09. Comefly Outdoor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥5.39. Comefly Outdoor Co's Cyclically Adjusted PB Ratio of today is 3.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Comefly Outdoor Co was 5.49. The lowest was 2.94. And the median was 4.63.


Comefly Outdoor Co  (SHSE:603908) 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.

Comefly Outdoor Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.09/5.39
=3.17

* 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 Comefly Outdoor Co was 5.49. The lowest was 2.94. And the median was 4.63.


Be Aware

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


Comefly Outdoor Co Cyclically Adjusted Book per Share Related Terms


Comefly Outdoor Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Comefly Outdoor 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.

Comefly Outdoor Co Cyclically Adjusted Book per Share Chart

Comefly Outdoor 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 4.97 5.37

Comefly Outdoor 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 5.09 5.18 5.30 5.37 5.39

SHSE:603908 vs RL, LEVI, VFC: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, Comefly Outdoor 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.


Comefly Outdoor Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Comefly Outdoor Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SHSE:603908
67GF Score
Comefly Outdoor Co Ltd SHSE:603908
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comefly Outdoor 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, Comefly Outdoor 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)
=5.216/116.3033*116.3033
=5.216

Current CPI (Mar. 2026) = 116.3033.

Comefly Outdoor Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.614 101.400 2.998
201609 0.000 102.400 0.000
201612 2.769 102.600 3.139
201703 4.782 103.200 5.389
201706 4.719 103.100 5.323
201709 4.790 104.100 5.352
201712 4.770 104.500 5.309
201803 4.982 105.300 5.503
201806 4.829 104.900 5.354
201809 4.869 106.600 5.312
201812 4.854 106.500 5.301
201903 4.990 107.700 5.389
201906 4.717 107.700 5.094
201909 4.773 109.800 5.056
201912 4.755 111.200 4.973
202003 4.889 112.300 5.063
202006 4.623 110.400 4.870
202009 4.750 111.700 4.946
202012 4.712 111.500 4.915
202103 4.939 112.662 5.099
202106 4.749 111.769 4.942
202109 4.941 112.215 5.121
202112 5.018 113.108 5.160
202203 5.412 114.335 5.505
202206 5.587 114.558 5.672
202209 5.771 115.339 5.819
202212 5.720 115.116 5.779
202303 6.029 115.116 6.091
202306 5.905 114.558 5.995
202309 6.044 115.339 6.095
202312 6.076 114.781 6.157
202403 6.430 115.227 6.490
202406 6.061 114.781 6.141
202409 6.176 115.785 6.204
202412 6.055 114.893 6.129
202503 6.376 115.116 6.442
202506 5.870 114.907 5.941
202509 5.766 115.471 5.808
202512 5.016 115.832 5.036
202603 5.216 116.303 5.216

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 ¥5.39 mean?
Comefly Outdoor Co (SHSE:603908) has a Cyclically Adjusted Book per Share of ¥5.39 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 Comefly Outdoor Co and its competitors.
Is Comefly Outdoor Co's Cyclically Adjusted Book per Share too high?
Comefly Outdoor Co's current Cyclically Adjusted Book per Share is ¥5.39. Overall, Comefly Outdoor Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Comefly Outdoor Co's Cyclically Adjusted Book per Share compare to RL and LEVI?
Comefly Outdoor Co's Cyclically Adjusted Book per Share of ¥5.39 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 Comefly Outdoor Co and its competitors. Comefly Outdoor Co's current Cyclically Adjusted Book per Share is ¥5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comefly Outdoor Co stock overvalued right now?
Based on GuruFocus' analysis, Comefly Outdoor Co (SHSE:603908) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥22.13, compared to a current price of ¥17.09 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is ¥5.39. Comefly Outdoor Co's overall GF Score™ is 67/100 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 Comefly Outdoor Co (SHSE:603908), the current Cyclically Adjusted Book per Share is ¥5.39 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 Comefly Outdoor Co (SHSE:603908) Overvalued in 2026?

Based on GuruFocus' analysis, Comefly Outdoor Co stock appears to be undervalued. The current stock price of ¥17.09 is trading 22.8% below its estimated GF Value™ of ¥22.13. GuruFocus considers Comefly Outdoor Co to be Modestly Undervalued.

Key valuation signals for SHSE:603908:

  • Cyclically Adjusted Book per Share: ¥5.39
  • GF Value™: ¥22.13 vs. price of ¥17.09 (22.8% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the SHSE:603908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Comefly Outdoor Co Business Description

Address No. 475, Jiangdong North Road, 14th Floor, Yiting Building, Hefeng Creative Plaza, Zhejiang Province, Ningbo, CHN, 315000
Comefly Outdoor Co Ltd is a China based company mainly engaged in research and development, design, manufacture and sales of camping tents, outdoor clothing and other outdoor supplies. Its products portfolio includes tents, sleeping bags, a self-filling pad and other outdoor equipment, as well as jackets, down jackets, hiking shoes, sports bags and other outdoor clothing, shoes, and accessories.
67GF Score

Get the complete analysis for SHSE:603908

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

¥17.09
Price
¥22.13
GF Value