Midea Group Co (BKK:MIDEA80) Cyclically Adjusted PB Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

BKK:MIDEA80 Midea Group Co Ltd BKK:MIDEA80
72 GF Score
Price ฿3.98
GF Value ฿3.66
Valuation Fairly Valued
! 6 Warning Signs
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What is Midea Group Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Midea Group Co  (BKK:MIDEA80) 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.


Midea Group Co Cyclically Adjusted PB Ratio Related Terms


Midea Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Midea Group 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.

Midea Group Co Cyclically Adjusted PB Ratio Chart

Midea Group 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 6.82 4.19 3.91 4.74 4.32

Midea Group 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 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 4.77 4.26 4.15 4.32 4.09

BKK:MIDEA80 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.


Midea Group Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:MIDEA80
72GF Score
Midea Group Co Ltd BKK:MIDEA80
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Midea Group 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.

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

For example, Midea Group 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)
=143.025/330.2130*330.2130
=143.025

Current CPI (Mar. 2026) = 330.2130.

Midea Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 46.095 241.018 63.154
201609 47.105 241.428 64.428
201612 48.933 241.432 66.927
201703 51.274 243.801 69.447
201706 50.792 244.955 68.470
201709 54.863 246.819 73.400
201712 55.598 246.524 74.472
201803 59.536 249.554 78.779
201806 60.116 251.989 78.778
201809 59.267 252.439 77.527
201812 59.240 251.233 77.863
201903 64.277 254.202 83.497
201906 60.140 256.143 77.531
201909 60.578 256.759 77.908
201912 62.782 256.974 80.675
202003 69.347 258.115 88.717
202006 65.860 257.797 84.360
202009 74.007 260.280 93.891
202012 76.895 260.474 97.483
202103 78.877 264.877 98.333
202106 78.627 271.696 95.561
202109 87.025 274.310 104.760
202112 94.173 278.802 111.538
202203 99.035 287.504 113.747
202206 96.663 296.311 107.723
202209 105.030 296.808 116.851
202212 101.872 296.797 113.342
202303 108.478 301.836 118.677
202306 101.611 305.109 109.971
202309 109.262 307.789 117.222
202312 113.578 306.746 122.267
202403 123.566 312.332 130.640
202406 119.466 314.175 125.564
202409 128.335 315.301 134.405
202412 132.768 315.605 138.913
202503 139.780 319.799 144.332
202506 127.922 322.561 130.957
202509 128.817 324.800 130.964
202512 131.722 324.054 134.226
202603 143.025 330.213 143.025

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 Midea Group Co (BKK:MIDEA80) Overvalued in 2026?

Based on GuruFocus' analysis, Midea Group Co stock appears to be overvalued. The current stock price of ฿3.98 is trading 8.7% above its estimated GF Value™ of ฿3.66. GuruFocus considers Midea Group Co to be Fairly Valued.

Key valuation signals for BKK:MIDEA80:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿3.66 vs. price of ฿3.98 (8.7% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the BKK:MIDEA80 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Midea Group Co Business Description

Address No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Guangdong Province, Shunde District, Foshan, CHN, 528311
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside of China.
72GF Score

Get the complete analysis for BKK:MIDEA80

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

฿3.98
Price
฿3.66
GF Value