CAOYF (China Aoyuan Group) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

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.

CAOYF China Aoyuan Group Ltd CAOYF
12 GF Score
Price $0.21
GF Value $0.40
! 2 Warning Signs
View Full Analysis

What is China Aoyuan Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Aoyuan Group  (OTCPK:CAOYF) 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.


China Aoyuan Group Cyclically Adjusted PB Ratio Related Terms


China Aoyuan Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Aoyuan Group'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.

China Aoyuan Group Cyclically Adjusted PB Ratio Chart

China Aoyuan Group 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 0.37 0.45 0.19 0.00 0.00

China Aoyuan Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.19 0.00 0.00 0.00 0.00

China Aoyuan Group Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, China Aoyuan Group'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.


China Aoyuan Group Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China Aoyuan Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CAOYF
12GF Score
China Aoyuan Group Ltd CAOYF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Aoyuan Group 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.

China Aoyuan Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Aoyuan Group'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)
=-1.402/115.8323*115.8323
=-1.402

Current CPI (Dec25) = 115.8323.

China Aoyuan Group Annual Data

Book Value per Share CPI Adj_Book
201612 0.482 102.600 0.544
201712 0.575 104.500 0.637
201812 0.644 106.500 0.700
201912 0.797 111.200 0.830
202012 1.050 111.500 1.091
202112 -0.821 113.108 -0.841
202212 -1.099 115.116 -1.106
202312 -1.520 114.781 -1.534
202412 -0.991 114.893 -0.999
202512 -1.402 115.832 -1.402

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 China Aoyuan Group (CAOYF) Overvalued in 2026?

Based on GuruFocus' analysis, China Aoyuan Group stock appears to be undervalued. The current stock price of $0.21 is trading 48.3% below its estimated GF Value™ of $0.40.

Key valuation signals for CAOYF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.40 vs. price of $0.21 (48.3% below fair value)
  • GF Score™: 12/100 with 2 warning signs

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


China Aoyuan Group Business Description

Other Exchanges 03883:Hong Kong47C:Germany
Address No. 108, Huangpu Avenue West, Aoyuan Mansion, Tianhe District, Guangzhou, CHN
China Aoyuan Group Ltd is a developer and operator of composite real estate in China. It is also engaged in the health-themed related industries to promote a healthy lifestyle in the city. Its segments include Property development engaged in development and sale of properties; Property investment engaged in lease of investment properties; and Others engaged in hotel operation, provision of services and sales of goods. It derives the majority of the revenue from Property development segment. Geographically, it operates in Mainland China, Hong Kong, and Canda with majority of revenue deriving from Mainland China.
12GF Score

Get the complete analysis for CAOYF

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

$0.21
Price
$0.40
GF Value