CMAKY (China Minsheng Banking) Cyclically Adjusted PB Ratio: 0.05 (As of Sep. 17, 2026) — 90% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CMAKY China Minsheng Banking Corp Ltd CMAKY
52 GF Score
Price $4.65
GF Value $4.97
Valuation Fairly Valued
! 5 Warning Signs
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What is China Minsheng Banking Cyclically Adjusted PB Ratio?

China Minsheng Banking CMAKY 52 Cyclically Adjusted PB Ratio is 0.05 as of Sep. 17, 2026, which is 90% below its 10-year median of 0.50. GuruFocus rates CMAKY with a GF Scoreâ„¢ of 52/100 and a GF Valueâ„¢ of $4.97 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,273 Banks companies, China Minsheng Banking ranks better than 94.74% on this metric.

As of today (2026-09-17), China Minsheng Banking's current share price is $4.65. China Minsheng Banking's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $87.07. China Minsheng Banking's Cyclically Adjusted PB Ratio for today is 0.05.

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

CMAKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.5   Max: 2.09
Current: 0.3

During the past years, China Minsheng Banking's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.27. And the median was 0.50.

CMAKY's Cyclically Adjusted PB Ratio is ranked better than
94.74% of 1273 companies
in the Banks industry
Industry Median: 1.29 vs CMAKY: 0.30

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.

China Minsheng Banking's adjusted book value per share data for the three months ended in Jun. 2026 was $104.957. 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 $87.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Minsheng Banking  (OTCPK:CMAKY) 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 Minsheng Banking Cyclically Adjusted PB Ratio Related Terms


China Minsheng Banking Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Minsheng Banking'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 Minsheng Banking Cyclically Adjusted PB Ratio Chart

China Minsheng Banking 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 0.06 0.05 0.04 0.05 0.05

China Minsheng Banking Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 0.05 0.05 0.06 0.05 0.05

China Minsheng Banking Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, China Minsheng Banking'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 Minsheng Banking Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, China Minsheng Banking's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CMAKY
52GF Score
China Minsheng Banking Corp Ltd CMAKY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Minsheng Banking 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 Minsheng Banking's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.65/87.072
=0.05

* 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 Minsheng Banking's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Minsheng Banking'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)
=104.957/116.0564*116.0564
=104.957

Current CPI (Jun. 2026) = 116.0564.

China Minsheng Banking Quarterly Data

Book Value per Share CPI Adj_Book
201409 47.140 98.900 55.317
201412 47.997 99.000 56.266
201503 50.749 99.900 58.956
201506 55.881 99.500 65.179
201509 56.857 100.500 65.658
201512 57.337 100.600 66.146
201603 59.364 102.200 67.413
201606 59.275 101.400 67.843
201609 60.491 102.400 68.558
201612 59.171 102.600 66.932
201703 62.232 103.200 69.985
201706 64.642 103.100 72.765
201709 67.194 104.100 74.912
201712 70.119 104.500 77.873
201803 73.725 105.300 81.256
201806 72.191 104.900 79.869
201809 72.063 106.600 78.456
201812 73.718 106.500 80.333
201903 78.362 107.700 84.442
201906 76.784 107.700 82.742
201909 76.303 109.800 80.651
201912 79.537 111.200 83.011
202003 81.126 112.300 83.840
202006 79.686 110.400 83.769
202009 83.753 111.700 87.019
202012 86.631 111.500 90.171
202106 90.668 111.769 94.146
202109 92.759 112.215 95.934
202112 93.644 113.108 96.085
202203 96.403 114.335 97.855
202206 91.160 114.558 92.353
202209 87.496 115.339 88.040
202212 89.532 115.116 90.264
202306 87.978 114.558 89.129
202312 91.992 114.781 93.014
202406 91.744 114.781 92.764
202412 92.467 114.893 93.404
202506 96.834 114.907 97.802
202512 99.443 115.832 99.635
202606 104.957 116.056 104.957

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 0.05 mean?
China Minsheng Banking (CMAKY) has a Cyclically Adjusted PB Ratio of 0.05 as of Sep. 17, 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 China Minsheng Banking and its competitors. This is 90% below median its historical median of 0.50. Over the past decade, China Minsheng Banking's Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.09. According to the industry distribution chart, China Minsheng Banking ranks #67 out of 1273 companies in the Banks industry, placing it in the top 5.3%.
Is China Minsheng Banking's Cyclically Adjusted PB Ratio too high?
China Minsheng Banking's current Cyclically Adjusted PB Ratio of 0.05 is 90% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.09. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. China Minsheng Banking's value of 0.05 is 96.1% below this industry median. Based on the distribution chart, China Minsheng Banking ranks #67 out of 1273 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, China Minsheng Banking has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Minsheng Banking's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, China Minsheng Banking ranks #67 out of 1273 companies for Cyclically Adjusted PB Ratio. This places China Minsheng Banking in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.29. China Minsheng Banking's value of 0.05 is 96.1% below this benchmark. Historically, China Minsheng Banking's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.09 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.29, China Minsheng Banking 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,273 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. China Minsheng Banking's current Cyclically Adjusted PB Ratio of 0.05 is 96.1% 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 China Minsheng Banking and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Minsheng Banking's current Cyclically Adjusted PB Ratio is 0.05, which is 90% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Minsheng Banking stock overvalued right now?
Based on GuruFocus' analysis, China Minsheng Banking (CMAKY) is currently considered Fairly Valued. The stock's GF Value™ is $4.97, compared to a current price of $4.65 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 90% below median its 10-year median of 0.50 and 96.1% below the Banks industry median of 1.29. China Minsheng Banking's overall GF Score™ is 52/100 with 5 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 China Minsheng Banking (CMAKY), the current Cyclically Adjusted PB Ratio is 0.05 as of Sep. 17, 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 China Minsheng Banking (CMAKY) Overvalued in 2026?

Based on GuruFocus' analysis, China Minsheng Banking stock appears to be undervalued. The current stock price of $4.65 is trading 6.4% below its estimated GF Value™ of $4.97. GuruFocus considers China Minsheng Banking to be Fairly Valued.

Key valuation signals for CMAKY:

  • Cyclically Adjusted PB Ratio: 0.05 (90% below median its 10-year median of 0.50)
  • GF Value™: $4.97 vs. price of $4.65 (6.4% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 96.1% below the Banks median (#67 of 1273)

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


China Minsheng Banking Business Description

Address No. 2, Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100031
China Minsheng Banking Corp Ltd is a joined stock commercial banks in China. The activities of the bank include commercial banking, financial leasing, fund management, global investment banking, wealth management, and other activities. The segments of the bank are categorized as corporate banking and retail banking, out of which the bank derives maximum revenue from corporate banking segment.
52GF Score

Get the complete analysis for CMAKY

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

$4.65
Price
$4.97
GF Value