BJCHF (Beijing Capital International Airport Co) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

BJCHF Beijing Capital International Airport Co Ltd BJCHF
45 GF Score
Price $0.19
GF Value $0.87
Valuation Possible Value Trap
! 2 Warning Signs
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What is Beijing Capital International Airport Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Capital International Airport Co  (OTCPK:BJCHF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Beijing Capital International Airport Co Cyclically Adjusted PB Ratio Related Terms


Beijing Capital International Airport Co Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio 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.

Beijing Capital International Airport Co Cyclically Adjusted PB Ratio Chart

Beijing Capital International Airport Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.97 0.40 0.50 0.55

Beijing Capital International Airport Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PB Ratio 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 0.46 0.49 0.50 0.54 0.26

BJCHF vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Beijing Capital International Airport 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.


Beijing Capital International Airport Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio falls into.


BJCHF
45GF Score
Beijing Capital International Airport Co Ltd BJCHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Beijing Capital International Airport Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Beijing Capital International Airport Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Beijing Capital International Airport Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.402/120.7036*120.7036
=0.402

Current CPI (Dec25) = 120.7036.

Beijing Capital International Airport Co Annual Data

Book Value per Share CPI Adj_Book
201612 0.644 103.225 0.753
201712 0.760 104.984 0.874
201812 0.787 107.622 0.883
201912 0.783 110.700 0.854
202012 0.743 109.711 0.817
202112 0.691 112.349 0.742
202212 0.522 114.548 0.550
202312 0.458 117.296 0.471
202412 0.403 118.945 0.409
202512 0.402 120.704 0.402

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

Is Beijing Capital International Airport Co (BJCHF) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Capital International Airport Co stock appears to be undervalued. The current stock price of $0.19 is trading 77.6% below its estimated GF Value™ of $0.87. GuruFocus considers Beijing Capital International Airport Co to be Possible Value Trap.

Key valuation signals for BJCHF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.87 vs. price of $0.19 (77.6% below fair value)
  • GF Score™: 45/100 with 2 warning signs

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


Beijing Capital International Airport Co Business Description

Address 979 King’s Road, 37th Floor, One Taikoo Place, Quarry Bay, Hong Kong, HKG
Beijing Capital International Airport Co Ltd is principally engaged in the ownership and operation of Beijing Capital Airport and the provision of related services. The company manages both aeronautical and non-aeronautical businesses at the airport. Its aeronautical business includes aircraft landing and take-off services, passenger service facilities, ground support, and firefighting services for domestic and international airlines. Its non-aeronautical business mainly involves granting concessions for services such as ground handling, in-flight catering, duty-free and retail shops, restaurants, VIP services, and advertising spaces within the terminals. It also generates revenue through leasing terminal properties and providing car parking services.
45GF Score

Get the complete analysis for BJCHF

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

$0.19
Price
$0.87
GF Value