Aluminum of China (BUE:AOCA) Cyclically Adjusted PB Ratio: (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

BUE:AOCA Aluminum Corp of China Ltd BUE:AOCA
70 GF Score
Price ARS2,400.00
GF Value ARS2,055.72
! 2 Warning Signs
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What is Aluminum of China Cyclically Adjusted PB Ratio?

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
Sep21 Dec21 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 2.08 2.39 3.50 3.22 0.00

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.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Aluminum of China's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5385.999/116.0564*116.0564
=5,385.999

Current CPI (Jun. 2026) = 116.0564.

Aluminum of China Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.317 102.400 32.093
201612 29.335 102.600 33.182
201703 28.838 103.200 32.431
201706 30.358 103.100 34.173
201709 33.937 104.100 37.835
201712 38.443 104.500 42.694
201803 54.171 105.300 59.705
201806 66.024 104.900 73.046
201809 92.687 106.600 100.909
201812 96.318 106.500 104.961
201903 90.502 107.700 97.524
201906 101.137 107.700 108.984
201909 122.698 109.800 129.689
201912 136.858 111.200 142.835
202003 141.777 112.300 146.519
202006 155.289 110.400 163.245
202009 177.334 111.700 184.250
202012 199.031 111.500 207.164
202103 224.805 112.662 231.579
202106 248.929 111.769 258.477
202109 264.716 112.215 273.777
202112 281.687 113.108 289.031
202203 290.869 114.335 295.249
202206 317.365 114.558 321.517
202209 361.779 115.339 364.030
202212 381.143 115.116 384.258
202303 470.897 115.116 474.745
202306 558.131 114.558 565.432
202309 825.615 115.339 830.752
202312 892.622 114.781 902.541
202403 2,141.219 115.227 2,156.630
202406 2,388.880 114.781 2,415.426
202409 2,642.370 115.785 2,648.568
202412 2,797.839 114.893 2,826.182
202503 3,138.450 115.116 3,164.099
202506 3,500.652 114.907 3,535.659
202509 4,078.574 115.471 4,099.237
202512 4,500.210 115.832 4,508.917
202603 4,768.593 116.303 4,758.470
202606 5,385.999 116.056 5,385.999

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 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 16.7% above its estimated GF Value™ of ARS2,055.72.

Key valuation signals for BUE:AOCA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS2,055.72 vs. price of ARS2,400.00 (16.7% above fair value)
  • GF Score™: 70/100 with 2 warning signs

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
ARS2,055.72
GF Value