Chinese Estates HoldingsCESTF 38 Cyclically Adjusted PB Ratio is 0.09 as of Jul. 04, 2026, which is 44% below its 10-year median of 0.16. GuruFocus rates CESTF with a GF Score™ of 38/100 and a GF Value™ of $0.11. The stock has 4 warning signs investors should review. Among 1,436 Real Estate companies, Chinese Estates Holdings ranks better than 92.27% on this metric.
The historical rank and industry rank for Chinese Estates Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:
CESTF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 1.03
Current: 0.08
During the past 13 years, Chinese Estates Holdings's highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.06. And the median was 0.16.
CESTF's Cyclically Adjusted PB Ratio is ranked better than 92.27% of 1436
companies
in the Real Estate industry
Industry Median: 0.7
vs CESTF: 0.08
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.
Chinese Estates Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.802. 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 $1.64 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Chinese Estates Holdings (OTCPK:CESTF) 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.
Chinese Estates Holdings Cyclically Adjusted PB Ratio Related Terms
Chinese Estates Holdings Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Chinese Estates Holdings'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.
Chinese Estates Holdings Cyclically Adjusted PB Ratio Chart
Chinese Estates Holdings Cyclically Adjusted PB Ratio Competitor Comparison
For the Real Estate - Diversified subindustry, Chinese Estates Holdings'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.
Chinese Estates Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Chinese Estates Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Chinese Estates Holdings's Cyclically Adjusted PB Ratio falls into.
Chinese Estates Holdings 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.
* 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.
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 0.09 mean?
Chinese Estates Holdings (CESTF) has a Cyclically Adjusted PB Ratio of 0.09 as of Jul. 04, 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 Chinese Estates Holdings and its competitors. This is 44% below median its historical median of 0.16. Over the past decade, Chinese Estates Holdings' Cyclically Adjusted PB Ratio has ranged from 0.06 to 1.03. According to the industry distribution chart, Chinese Estates Holdings ranks #111 out of 1436 companies in the Real Estate industry, placing it in the top 7.7%.
Is Chinese Estates Holdings' Cyclically Adjusted PB Ratio too high?
Chinese Estates Holdings' current Cyclically Adjusted PB Ratio of 0.09 is 44% below median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.03. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. Chinese Estates Holdings' value of 0.09 is 87.1% below this industry median. Based on the distribution chart, Chinese Estates Holdings ranks #111 out of 1436 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Chinese Estates Holdings has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Chinese Estates Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Chinese Estates Holdings ranks #111 out of 1436 companies for Cyclically Adjusted PB Ratio. This places Chinese Estates Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.70. Chinese Estates Holdings' value of 0.09 is 87.1% below this benchmark. Historically, Chinese Estates Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.06 to 1.03 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.70, Chinese Estates Holdings has consistently been below 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.70, based on 1,436 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. Chinese Estates Holdings's current Cyclically Adjusted PB Ratio of 0.09 is 87.1% below 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 Chinese Estates Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinese Estates Holdings's current Cyclically Adjusted PB Ratio is 0.09, which is 44% below median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinese Estates Holdings stock overvalued right now?
Chinese Estates Holdings (CESTF) has a current Cyclically Adjusted PB Ratio of 0.09. The stock's GF Value™ is $0.11, compared to a current price of $0.15 — trading 38.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.09, which is 44% below median its 10-year median of 0.16 and 87.1% below the Real Estate industry median of 0.70. Chinese Estates Holdings' overall GF Score™ is 38/100 with 4 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 Chinese Estates Holdings (CESTF), the current Cyclically Adjusted PB Ratio is 0.09 as of Jul. 04, 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 Chinese Estates Holdings (CESTF) Overvalued in 2026?
Based on GuruFocus' analysis, Chinese Estates Holdings stock appears to be overvalued.
The current stock price of $0.15 is trading 38.1% above its estimated GF Value™ of $0.11.
Key valuation signals for CESTF:
Cyclically Adjusted PB Ratio: 0.09 (44% below median its 10-year median of 0.16)
GF Value™: $0.11 vs. price of $0.15 (38.1% above fair value)
Industry Position: 87.1% below the Real Estate median (#111 of 1436)
No single metric tells the full story. See the CESTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chinese Estates Holdings Ltd is an investment holding company. The company's operating segment includes Property development and trading; Property leasing includes Retail and Non-retail; Listed equity investments at FVTOCI; Investments and treasury products at FVTPL; Unlisted investments, investment holding and brokerage, and other segments. It derives maximum revenue from Investments and treasury products at FVTPL segment, which includes Securities investments in investments held for trading, OTC trading and structured products. The Group focuses in Hong Kong, and diversifies its property interests to mainland China and the United Kingdom.
38GF Score
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