CKHUF (CK Hutchison Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

CKHUF CK Hutchison Holdings Ltd CKHUF
66 GF Score
Price $8.60
GF Value $5.60
Valuation Significantly Overvalued
! 9 Warning Signs
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What is CK Hutchison Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Hutchison Holdings  (OTCPK:CKHUF) 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.


CK Hutchison Holdings Cyclically Adjusted PB Ratio Related Terms


CK Hutchison Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CK Hutchison 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.

CK Hutchison Holdings Cyclically Adjusted PB Ratio Chart

CK Hutchison Holdings 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 0.30 0.27 0.25 0.25 0.32

CK Hutchison Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.23 0.25 0.29 0.33 0.39

CKHUF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, CK Hutchison 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.


CK Hutchison Holdings Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, CK Hutchison Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CK Hutchison Holdings's Cyclically Adjusted PB Ratio falls into.


CKHUF
66GF Score
CK Hutchison Holdings Ltd CKHUF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CK Hutchison 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.

CK Hutchison Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, CK Hutchison Holdings'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)
=23.092/120.7036*120.7036
=23.092

Current CPI (Dec25) = 120.7036.

CK Hutchison Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 17.175 103.225 20.083
201712 18.638 104.984 21.429
201812 19.161 107.622 21.490
201912 19.455 110.700 21.213
202012 20.657 109.711 22.727
202112 21.135 112.349 22.707
202212 21.501 114.548 22.657
202312 22.268 117.296 22.915
202412 21.935 118.945 22.259
202512 23.092 120.704 23.092

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 CK Hutchison Holdings (CKHUF) Overvalued in 2026?

Based on GuruFocus' analysis, CK Hutchison Holdings stock appears to be overvalued. The current stock price of $8.60 is trading 53.6% above its estimated GF Value™ of $5.60. GuruFocus considers CK Hutchison Holdings to be Significantly Overvalued.

Key valuation signals for CKHUF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $5.60 vs. price of $8.60 (53.6% above fair value)
  • GF Score™: 66/100 with 9 warning signs

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


CK Hutchison Holdings Business Description

Address 2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG
CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 51%. The planned sale of most of the ports business is currently being scrutinized by the government.
66GF Score

Get the complete analysis for CKHUF

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

$8.60
Price
$5.60
GF Value