ShanDong Inov Polyurethane Co (BJSE:920261) Cyclically Adjusted PB Ratio: 3.49 (As of Sep. 17, 2026) — 212% Above Median

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BJSE:920261 ShanDong Inov Polyurethane Co Ltd BJSE:920261
72 GF Score
Price ¥13.15
GF Value ¥14.89
Valuation Modestly Undervalued
! 6 Warning Signs
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What is ShanDong Inov Polyurethane Co Cyclically Adjusted PB Ratio?

ShanDong Inov Polyurethane Co BJSE:920261 72 Cyclically Adjusted PB Ratio is 3.49 as of Sep. 17, 2026, which is 212% above its 10-year median of 1.12. GuruFocus rates BJSE:920261 with a GF Score™ of 72/100 and a GF Value™ of ¥14.89 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,099 Chemicals companies, ShanDong Inov Polyurethane Co ranks better than 53.23% on this metric.

As of today (2026-09-17), ShanDong Inov Polyurethane Co's current share price is ¥13.15. ShanDong Inov Polyurethane Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ¥3.76. ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio for today is 3.49.

The historical rank and industry rank for ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

BJSE:920261' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.12   Max: 2.03
Current: 1.55

During the past 12 years, ShanDong Inov Polyurethane Co's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.78. And the median was 1.12.

BJSE:920261's Cyclically Adjusted PB Ratio is ranked better than
53.23% of 1099 companies
in the Chemicals industry
Industry Median: 1.67 vs BJSE:920261: 1.55

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.

ShanDong Inov Polyurethane Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥5.819. 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 ¥3.76 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


ShanDong Inov Polyurethane Co  (BJSE:920261) 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.


ShanDong Inov Polyurethane Co Cyclically Adjusted PB Ratio Related Terms


ShanDong Inov Polyurethane Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ShanDong Inov Polyurethane 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.

ShanDong Inov Polyurethane Co Cyclically Adjusted PB Ratio Chart

ShanDong Inov Polyurethane 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 3.46 2.99 3.99

ShanDong Inov Polyurethane Co Quarterly Data
Jun18 Dec18 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 4.58 4.93 3.99 3.69 3.49

BJSE:920261 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, ShanDong Inov Polyurethane 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.


ShanDong Inov Polyurethane Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio falls into.


BJSE:920261
72GF Score
ShanDong Inov Polyurethane Co Ltd BJSE:920261
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ShanDong Inov Polyurethane 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.

ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.15/3.763
=3.49

* 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.

ShanDong Inov Polyurethane Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, ShanDong Inov Polyurethane 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)
=5.819/115.8323*115.8323
=5.819

Current CPI (Dec25) = 115.8323.

ShanDong Inov Polyurethane Co Annual Data

Book Value per Share CPI Adj_Book
201612 1.762 102.600 1.989
201712 1.960 104.500 2.173
201812 2.283 106.500 2.483
201912 2.811 111.200 2.928
202012 3.336 111.500 3.466
202112 3.860 113.108 3.953
202212 4.160 115.116 4.186
202312 5.094 114.781 5.141
202412 5.446 114.893 5.491
202512 5.819 115.832 5.819

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 3.49 mean?
ShanDong Inov Polyurethane Co (BJSE:920261) has a Cyclically Adjusted PB Ratio of 3.49 as of Sep. 17, 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 ShanDong Inov Polyurethane Co and its competitors. This is 212% above median its historical median of 1.12. Over the past decade, ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio has ranged from 0.78 to 2.03. According to the industry distribution chart, ShanDong Inov Polyurethane Co ranks #514 out of 1099 companies in the Chemicals industry, placing it in the top 46.8%.
Is ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio too high?
ShanDong Inov Polyurethane Co's current Cyclically Adjusted PB Ratio of 3.49 is 212% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 2.03. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. ShanDong Inov Polyurethane Co's value of 3.49 is 109% above this industry median. Based on the distribution chart, ShanDong Inov Polyurethane Co ranks #514 out of 1099 companies in the Chemicals industry, which is above the industry midpoint. Overall, ShanDong Inov Polyurethane Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ShanDong Inov Polyurethane Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, ShanDong Inov Polyurethane Co ranks #514 out of 1099 companies for Cyclically Adjusted PB Ratio. This puts ShanDong Inov Polyurethane Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. ShanDong Inov Polyurethane Co's value of 3.49 is 109% above this benchmark. Historically, ShanDong Inov Polyurethane Co's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 2.03 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.67, ShanDong Inov Polyurethane Co has consistently been above 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,099 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. ShanDong Inov Polyurethane Co's current Cyclically Adjusted PB Ratio of 3.49 is 109% above 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 ShanDong Inov Polyurethane Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShanDong Inov Polyurethane Co's current Cyclically Adjusted PB Ratio is 3.49, which is 212% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShanDong Inov Polyurethane Co stock overvalued right now?
Based on GuruFocus' analysis, ShanDong Inov Polyurethane Co (BJSE:920261) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.89, compared to a current price of ¥13.15 — trading 11.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.49, which is 212% above median its 10-year median of 1.12 and 109% above the Chemicals industry median of 1.67. ShanDong Inov Polyurethane Co's overall GF Score™ is 72/100 with 6 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 ShanDong Inov Polyurethane Co (BJSE:920261), the current Cyclically Adjusted PB Ratio is 3.49 as of Sep. 17, 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 ShanDong Inov Polyurethane Co (BJSE:920261) Overvalued in 2026?

Based on GuruFocus' analysis, ShanDong Inov Polyurethane Co stock appears to be undervalued. The current stock price of ¥13.15 is trading 11.7% below its estimated GF Value™ of ¥14.89. GuruFocus considers ShanDong Inov Polyurethane Co to be Modestly Undervalued.

Key valuation signals for BJSE:920261:

  • Cyclically Adjusted PB Ratio: 3.49 (212% above median its 10-year median of 1.12)
  • GF Value™: ¥14.89 vs. price of ¥13.15 (11.7% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 109% above the Chemicals median (#514 of 1099)

No single metric tells the full story. See the BJSE:920261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ShanDong Inov Polyurethane Co Business Description

Address No. 5577 Baoshan Road, High-tech Zone, Shandong Province, Zibo City, CHN, 255000
ShanDong Inov Polyurethane Co Ltd engages in research and development, production, and sales of polyurethane raw materials and other downstream derivatives of EO and PO, and undertakes the construction of sports venues such as plastic tracks. Its product portfolio consists of Casting Polyurethane Prepolymer, Thermoplastic Polyurethane granules, PU flooring material, HR Foam system materials, Polyurethane foam system for footwear, Polyol, and Modified MDI.
72GF Score

Get the complete analysis for BJSE:920261

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

¥13.15
Price
¥14.89
GF Value