Aluminum of China (BUE:AOCA) Cyclically Adjusted PB Ratio: 3.21 (As of Aug. 26, 2026) — 102% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BUE:AOCA Aluminum Corp of China Ltd BUE:AOCA
70 GF Score
Price ARS2,400.00
GF Value ARS2,057.86
! 2 Warning Signs
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What is Aluminum of China Cyclically Adjusted PB Ratio?

Aluminum of China BUE:AOCA 70 Cyclically Adjusted PB Ratio is 3.21 as of Aug. 26, 2026, which is 102% above its 10-year median of 1.59. GuruFocus rates BUE:AOCA with a GF Score™ of 70/100 and a GF Value™ of ARS2,057.86. The stock has 2 warning signs investors should review. Among 1,512 Metals & Mining companies, Aluminum of China ranks worse than 63.23% on this metric.

As of today (2026-08-26), Aluminum of China's current share price is ARS2400.00. Aluminum of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS747.37. Aluminum of China's Cyclically Adjusted PB Ratio for today is 3.21.

The historical rank and industry rank for Aluminum of China's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUE:AOCA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.59   Max: 4.05
Current: 2.71

During the past years, Aluminum of China's highest Cyclically Adjusted PB Ratio was 4.05. The lowest was 0.78. And the median was 1.59.

BUE:AOCA's Cyclically Adjusted PB Ratio is ranked worse than
63.23% of 1512 companies
in the Metals & Mining industry
Industry Median: 1.575 vs BUE:AOCA: 2.71

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.

Aluminum of China's adjusted book value per share data for the three months ended in Mar. 2026 was ARS4,768.593. 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 ARS747.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aluminum of China  (BUE:AOCA) 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.


Aluminum of China Cyclically Adjusted PB Ratio Related Terms


Aluminum of China Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aluminum of China'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.

Aluminum of China Cyclically Adjusted PB Ratio Chart

Aluminum of China 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 1.84 1.36 1.74 2.23 3.50

Aluminum of China 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 2.22 2.08 2.39 3.50 3.22

BUE:AOCA vs AA, CENX: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Aluminum of China'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.


Aluminum of China Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminum of China's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aluminum of China's Cyclically Adjusted PB Ratio falls into.


BUE:AOCA
70GF Score
Aluminum Corp of China Ltd BUE:AOCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aluminum of China 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.

Aluminum of China's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2400.00/747.37
=3.21

* 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.

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

For example, Aluminum of China'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)
=4768.593/116.3033*116.3033
=4,768.593

Current CPI (Mar. 2026) = 116.3033.

Aluminum of China Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.897 101.400 31.997
201609 28.317 102.400 32.162
201612 29.335 102.600 33.253
201703 28.838 103.200 32.500
201706 30.358 103.100 34.246
201709 33.937 104.100 37.915
201712 38.443 104.500 42.785
201803 54.171 105.300 59.832
201806 66.024 104.900 73.201
201809 92.687 106.600 101.124
201812 96.318 106.500 105.184
201903 90.502 107.700 97.731
201906 101.137 107.700 109.216
201909 122.698 109.800 129.965
201912 136.858 111.200 143.139
202003 141.777 112.300 146.831
202006 155.289 110.400 163.593
202009 177.334 111.700 184.642
202012 199.031 111.500 207.605
202103 224.805 112.662 232.072
202106 248.929 111.769 259.027
202109 264.716 112.215 274.359
202112 281.687 113.108 289.645
202203 290.869 114.335 295.877
202206 317.365 114.558 322.201
202209 361.779 115.339 364.805
202212 381.143 115.116 385.075
202303 470.897 115.116 475.755
202306 558.131 114.558 566.635
202309 825.615 115.339 832.520
202312 892.622 114.781 904.461
202403 2,141.219 115.227 2,161.218
202406 2,388.880 114.781 2,420.565
202409 2,642.370 115.785 2,654.203
202412 2,797.839 114.893 2,832.195
202503 3,138.450 115.116 3,170.831
202506 3,500.652 114.907 3,543.181
202509 4,078.574 115.471 4,107.958
202512 4,500.210 115.832 4,518.509
202603 4,768.593 116.303 4,768.593

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 3.21 mean?
Aluminum of China (BUE:AOCA) has a Cyclically Adjusted PB Ratio of 3.21 as of Aug. 26, 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 Aluminum of China and its competitors. This is 102% above median its historical median of 1.59. Over the past decade, Aluminum of China's Cyclically Adjusted PB Ratio has ranged from 0.78 to 4.05. According to the industry distribution chart, Aluminum of China ranks #956 out of 1512 companies in the Metals & Mining industry, placing it in the top 63.2%.
Is Aluminum of China's Cyclically Adjusted PB Ratio too high?
Aluminum of China's current Cyclically Adjusted PB Ratio of 3.21 is 102% above median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 4.05. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.58. Aluminum of China's value of 3.21 is 103.8% above this industry median. Based on the distribution chart, Aluminum of China ranks #956 out of 1512 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Aluminum of China has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Aluminum of China's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Aluminum of China ranks #956 out of 1512 companies for Cyclically Adjusted PB Ratio. This places Aluminum of China in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Aluminum of China's value of 3.21 is 103.8% above this benchmark. Historically, Aluminum of China's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 4.05 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 1.58, Aluminum of China 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.58, based on 1,512 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. Aluminum of China's current Cyclically Adjusted PB Ratio of 3.21 is 103.8% 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 Aluminum of China and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aluminum of China's current Cyclically Adjusted PB Ratio is 3.21, which is 102% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluminum of China stock overvalued right now?
Aluminum of China (BUE:AOCA) has a current Cyclically Adjusted PB Ratio of 3.21. The stock's GF Value™ is ARS2,057.86, compared to a current price of ARS2,400.00 — trading 16.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.21, which is 102% above median its 10-year median of 1.59 and 103.8% above the Metals & Mining industry median of 1.58. Aluminum of China's overall GF Score™ is 70/100 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 Aluminum of China (BUE:AOCA), the current Cyclically Adjusted PB Ratio is 3.21 as of Aug. 26, 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 Aluminum of China (BUE:AOCA) Overvalued in 2026?

Based on GuruFocus' analysis, Aluminum of China stock appears to be overvalued. The current stock price of ARS2,400.00 is trading 16.6% above its estimated GF Value™ of ARS2,057.86.

Key valuation signals for BUE:AOCA:

  • Cyclically Adjusted PB Ratio: 3.21 (102% above median its 10-year median of 1.59)
  • GF Value™: ARS2,057.86 vs. price of ARS2,400.00 (16.6% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 103.8% above the Metals & Mining median (#956 of 1512)

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


Aluminum of China Business Description

Address No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082
Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are: the alumina segment, the primary aluminum segment, the energy segment, the marketing segment, and the corporate and other segment. The majority of its revenue is generated from the primary aluminum segment, which consists of procuring alumina and other raw materials, supplemental materials, and electricity power, and smelting alumina to produce primary aluminum.
70GF Score

Get the complete analysis for BUE:AOCA

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

ARS2,400.00
Price
ARS2,057.86
GF Value