BJINF (Beijing Enterprises Holdings) Cyclically Adjusted PB Ratio: 0.45 (As of Aug. 28, 2026) — 12% Below Median

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.

BJINF Beijing Enterprises Holdings Ltd BJINF
69 GF Score
Price $3.98
GF Value $3.08
! 5 Warning Signs
View Full Analysis

What is Beijing Enterprises Holdings Cyclically Adjusted PB Ratio?

Beijing Enterprises Holdings BJINF 69 Cyclically Adjusted PB Ratio is 0.45 as of Aug. 28, 2026, which is 12% below its 10-year median of 0.51. GuruFocus rates BJINF with a GF Score™ of 69/100 and a GF Value™ of $3.08. The stock has 5 warning signs investors should review. Among 425 Conglomerates companies, Beijing Enterprises Holdings ranks better than 76.94% on this metric.

As of today (2026-08-28), Beijing Enterprises Holdings's current share price is $3.98. Beijing Enterprises Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $8.75. Beijing Enterprises Holdings's Cyclically Adjusted PB Ratio for today is 0.45.

The historical rank and industry rank for Beijing Enterprises Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

BJINF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.51   Max: 1.22
Current: 0.45

During the past 13 years, Beijing Enterprises Holdings's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.36. And the median was 0.51.

BJINF's Cyclically Adjusted PB Ratio is ranked better than
76.94% of 425 companies
in the Conglomerates industry
Industry Median: 1.01 vs BJINF: 0.45

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 Enterprises Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was $10.049. 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 $8.75 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Enterprises Holdings  (OTCPK:BJINF) 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 Enterprises Holdings Cyclically Adjusted PB Ratio Related Terms


Beijing Enterprises Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijing Enterprises Holdings'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 Enterprises Holdings Cyclically Adjusted PB Ratio Chart

Beijing Enterprises Holdings 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 0.48 0.42 0.43 0.40 0.45

Beijing Enterprises Holdings 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 0.00 0.40 0.00 0.45 0.00

BJINF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Beijing Enterprises Holdings'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 Enterprises Holdings Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Beijing Enterprises Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Enterprises Holdings's Cyclically Adjusted PB Ratio falls into.


BJINF
69GF Score
Beijing Enterprises Holdings Ltd BJINF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing Enterprises Holdings 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 Enterprises Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.98/8.75
=0.45

* 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 Enterprises Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Beijing Enterprises Holdings'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)
=10.049/120.7036*120.7036
=10.049

Current CPI (Dec25) = 120.7036.

Beijing Enterprises Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 5.877 103.225 6.872
201712 6.785 104.984 7.801
201812 7.043 107.622 7.899
201912 7.640 110.700 8.330
202012 8.669 109.711 9.538
202112 9.791 112.349 10.519
202212 9.007 114.548 9.491
202312 9.002 117.296 9.264
202412 9.267 118.945 9.404
202512 10.049 120.704 10.049

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 0.45 mean?
Beijing Enterprises Holdings (BJINF) has a Cyclically Adjusted PB Ratio of 0.45 as of Aug. 28, 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 Enterprises Holdings and its competitors. This is 12% below median its historical median of 0.51. Over the past decade, Beijing Enterprises Holdings' Cyclically Adjusted PB Ratio has ranged from 0.36 to 1.22. According to the industry distribution chart, Beijing Enterprises Holdings ranks #98 out of 425 companies in the Conglomerates industry, placing it in the top 23.1%.
Is Beijing Enterprises Holdings' Cyclically Adjusted PB Ratio too high?
Beijing Enterprises Holdings' current Cyclically Adjusted PB Ratio of 0.45 is 12% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.22. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Beijing Enterprises Holdings' value of 0.45 is 55.4% below this industry median. Based on the distribution chart, Beijing Enterprises Holdings ranks #98 out of 425 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Enterprises Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Beijing Enterprises Holdings' Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Beijing Enterprises Holdings ranks #98 out of 425 companies for Cyclically Adjusted PB Ratio. This places Beijing Enterprises Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.01. Beijing Enterprises Holdings' value of 0.45 is 55.4% below this benchmark. Historically, Beijing Enterprises Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.36 to 1.22 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.01, Beijing Enterprises Holdings 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 425 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 Enterprises Holdings's current Cyclically Adjusted PB Ratio of 0.45 is 55.4% 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 Enterprises Holdings and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Enterprises Holdings's current Cyclically Adjusted PB Ratio is 0.45, which is 12% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Enterprises Holdings stock overvalued right now?
Beijing Enterprises Holdings (BJINF) has a current Cyclically Adjusted PB Ratio of 0.45. The stock's GF Value™ is $3.08, compared to a current price of $3.98 — trading 29.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 12% below median its 10-year median of 0.51 and 55.4% below the Conglomerates industry median of 1.01. Beijing Enterprises Holdings' overall GF Score™ is 69/100 with 5 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 Enterprises Holdings (BJINF), the current Cyclically Adjusted PB Ratio is 0.45 as of Aug. 28, 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 Enterprises Holdings (BJINF) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Enterprises Holdings stock appears to be overvalued. The current stock price of $3.98 is trading 29.2% above its estimated GF Value™ of $3.08.

Key valuation signals for BJINF:

  • Cyclically Adjusted PB Ratio: 0.45 (12% below median its 10-year median of 0.51)
  • GF Value™: $3.08 vs. price of $3.98 (29.2% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 55.4% below the Conglomerates median (#98 of 425)

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


Beijing Enterprises Holdings Business Description

Other Exchanges 00392:Hong KongBJEB:Germany
Address 18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Beijing Enterprises Holdings Ltd is an investment holding company. Its reportable operating segments are Gas operation segment engages in the distribution and sale of piped natural gas and gas-related equipment, the provision of natural gas transmission; Water operation segment engages in the construction of sewage and water treatment plants and other infrastructural facilities; Environmental operation segment comprises the provision of waste incineration plant construction and waste treatment services; Brewery operation segment produces, distributes and sells brewery products; Others segment comprises the provision of consultation services, property investment and corporate income of which majority of revenue comes from Gas operation. Geographically revenue comes from Chinese Mainland.
69GF Score

Get the complete analysis for BJINF

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

$3.98
Price
$3.08
GF Value