BJCHF (Beijing Capital International Airport Co) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 03, 2026) — 64% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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 $0.18
GF Value $0.60
Valuation Possible Value Trap
! 2 Warning Signs
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What is Beijing Capital International Airport Co Cyclically Adjusted PB Ratio?

Beijing Capital International Airport Co BJCHF 45 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 03, 2026, which is 64% below its 10-year median of 0.53. GuruFocus rates BJCHF with a GF Score™ of 45/100 and a GF Value™ of $0.60 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 737 Transportation companies, Beijing Capital International Airport Co ranks better than 92.13% on this metric.

As of today (2026-08-03), Beijing Capital International Airport Co's current share price is $0.1754. Beijing Capital International Airport Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.93. Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio for today is 0.19.

The historical rank and industry rank for Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

BJCHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.53   Max: 0.66
Current: 0.33

During the past years, Beijing Capital International Airport Co's highest Cyclically Adjusted PB Ratio was 0.66. The lowest was 0.28. And the median was 0.53.

BJCHF's Cyclically Adjusted PB Ratio is ranked better than
92.13% of 737 companies
in the Transportation industry
Industry Median: 1.27 vs BJCHF: 0.33

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.

Beijing Capital International Airport Co's adjusted book value per share data for the three months ended in Mar. 2026 was $0.408. 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 $0.93 for the trailing ten years ended in Mar. 2026.

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

* Premium members only.

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 0.00 0.00 0.46 0.55 0.53

Beijing Capital International Airport Co Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.55 0.58 0.54 0.53 0.35

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.1754/0.93
=0.19

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Beijing Capital International Airport 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)
=0.408/121.4731*121.4731
=0.408

Current CPI (Mar. 2026) = 121.4731.

Beijing Capital International Airport Co Quarterly Data

Book Value per Share CPI Adj_Book
200712 0.379 77.941 0.591
200812 0.415 79.590 0.633
200912 0.431 80.799 0.648
201006 0.431 81.568 0.642
201012 0.466 83.217 0.680
201106 0.497 86.185 0.700
201112 0.525 87.944 0.725
201206 0.539 89.373 0.733
201212 0.564 91.132 0.752
201306 0.587 93.001 0.767
201312 0.616 95.090 0.787
201406 0.614 96.409 0.774
201412 0.642 99.707 0.782
201506 0.657 99.267 0.804
201512 0.654 102.015 0.779
201606 0.657 101.686 0.785
201612 0.647 103.225 0.761
201706 0.686 103.664 0.804
201712 0.750 104.984 0.868
201806 0.796 106.193 0.911
201812 0.785 107.622 0.886
201906 0.806 109.601 0.893
201912 0.777 110.700 0.853
202006 0.726 110.590 0.797
202012 0.743 109.711 0.823
202106 0.727 111.360 0.793
202112 0.692 112.349 0.748
202206 0.611 113.448 0.654
202212 0.520 114.548 0.551
202306 0.475 115.647 0.499
202309 0.457 116.087 0.478
202312 0.455 117.296 0.471
202403 0.447 117.735 0.461
202406 0.436 117.296 0.452
202412 0.404 118.945 0.413
202503 0.402 119.384 0.409
202506 0.404 119.055 0.412
202509 0.405 119.934 0.410
202512 0.399 120.704 0.402
202603 0.408 121.473 0.408

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.

What does a Cyclically Adjusted PB Ratio of 0.19 mean?
Beijing Capital International Airport Co (BJCHF) has a Cyclically Adjusted PB Ratio of 0.19 as of Aug. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijing Capital International Airport Co and its competitors. This is 64% below median its historical median of 0.53. Over the past decade, Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.66. According to the industry distribution chart, Beijing Capital International Airport Co ranks #58 out of 737 companies in the Transportation industry, placing it in the top 7.9%.
Is Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio too high?
Beijing Capital International Airport Co's current Cyclically Adjusted PB Ratio of 0.19 is 64% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.66. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Beijing Capital International Airport Co's value of 0.19 is 85% below this industry median. Based on the distribution chart, Beijing Capital International Airport Co ranks #58 out of 737 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Capital International Airport Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beijing Capital International Airport Co's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Beijing Capital International Airport Co ranks #58 out of 737 companies for Cyclically Adjusted PB Ratio. This places Beijing Capital International Airport Co in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Beijing Capital International Airport Co's value of 0.19 is 85% below this benchmark. Historically, Beijing Capital International Airport Co's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 0.66 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.27, Beijing Capital International Airport Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 737 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Beijing Capital International Airport Co's current Cyclically Adjusted PB Ratio of 0.19 is 85% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijing Capital International Airport Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Capital International Airport Co's current Cyclically Adjusted PB Ratio is 0.19, which is 64% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Capital International Airport Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing Capital International Airport Co (BJCHF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.60, compared to a current price of $0.18 — trading 70.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 64% below median its 10-year median of 0.53 and 85% below the Transportation industry median of 1.27. Beijing Capital International Airport Co's overall GF Score™ is 45/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Beijing Capital International Airport Co (BJCHF), the current Cyclically Adjusted PB Ratio is 0.19 as of Aug. 03, 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 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 $0.18 is trading 70.8% below its estimated GF Value™ of $0.60. GuruFocus considers Beijing Capital International Airport Co to be Possible Value Trap.

Key valuation signals for BJCHF:

  • Cyclically Adjusted PB Ratio: 0.19 (64% below median its 10-year median of 0.53)
  • GF Value™: $0.60 vs. price of $0.18 (70.8% below fair value)
  • GF Score™: 45/100 with 2 warning signs
  • Industry Position: 85% below the Transportation median (#58 of 737)

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.

$0.18
Price
$0.60
GF Value