CMAKY (China Minsheng Banking) Cyclically Adjusted PB Ratio: 0.29 (As of Aug. 02, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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CMAKY China Minsheng Banking Corp Ltd CMAKY
52 GF Score
Price $4.55
GF Value $5.34
Valuation Modestly Undervalued
! 4 Warning Signs
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What is China Minsheng Banking Cyclically Adjusted PB Ratio?

China Minsheng Banking CMAKY -10.75% 52 Cyclically Adjusted PB Ratio is 0.29 as of Aug. 02, 2026, which is 44% below its 10-year median of 0.52. GuruFocus rates CMAKY with a GF Scoreâ„¢ of 52/100 and a GF Valueâ„¢ of $5.34 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,286 Banks companies, China Minsheng Banking ranks better than 94.79% on this metric.

As of today (2026-08-02), China Minsheng Banking's current share price is $4.5516. China Minsheng Banking's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $15.59. China Minsheng Banking's Cyclically Adjusted PB Ratio for today is 0.29.

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: 0.52   Max: 2.11
Current: 0.3

During the past years, China Minsheng Banking's highest Cyclically Adjusted PB Ratio was 2.11. The lowest was 0.27. And the median was 0.52.

CMAKY's Cyclically Adjusted PB Ratio is ranked better than
94.79% of 1286 companies
in the Banks industry
Industry Median: 1.27 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 Mar. 2026 was $22.551. 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 $15.59 for the trailing ten years ended in Mar. 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 0.46 0.36 0.36 0.37 0.32

China Minsheng Banking Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.35 0.41 0.34 0.32 0.31

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
=4.5516/15.59
=0.29

* 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 Mar. 2026 is calculated as:

For example, China Minsheng Banking's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=22.551/116.3033*116.3033
=22.551

Current CPI (Mar. 2026) = 116.3033.

China Minsheng Banking Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.050 101.400 12.674
201609 11.182 102.400 12.700
201612 10.981 102.600 12.448
201703 11.499 103.200 12.959
201706 11.889 103.100 13.412
201709 12.547 104.100 14.018
201712 12.786 104.500 14.230
201803 13.562 105.300 14.979
201806 14.125 104.900 15.660
201809 13.375 106.600 14.592
201812 13.610 106.500 14.863
201903 14.531 107.700 15.692
201906 15.478 107.700 16.714
201909 15.461 109.800 16.377
201912 15.924 111.200 16.655
202003 16.511 112.300 17.100
202006 16.047 110.400 16.905
202009 16.865 111.700 17.560
202012 17.452 111.500 18.204
202103 18.077 112.662 18.661
202106 19.394 111.769 20.181
202109 19.691 112.215 20.408
202112 19.877 113.108 20.439
202203 20.391 114.335 20.742
202206 19.451 114.558 19.747
202209 18.826 115.339 18.983
202212 19.000 115.116 19.196
202303 19.734 115.116 19.938
202306 18.927 114.558 19.215
202309 18.812 115.339 18.969
202312 19.340 114.781 19.597
202403 19.639 115.227 19.822
202406 18.139 114.781 18.380
202409 19.783 115.785 19.872
202412 19.540 114.893 19.780
202503 19.919 115.116 20.125
202506 21.266 114.907 21.524
202509 21.384 115.471 21.538
202512 21.715 115.832 21.803
202603 22.551 116.303 22.551

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 0.29 mean?
China Minsheng Banking (CMAKY) has a Cyclically Adjusted PB Ratio of 0.29 as of Aug. 02, 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 44% below median its historical median of 0.52. Over the past decade, China Minsheng Banking's Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.11. According to the industry distribution chart, China Minsheng Banking ranks #67 out of 1286 companies in the Banks industry, placing it in the top 5.2%.
Is China Minsheng Banking's Cyclically Adjusted PB Ratio too high?
China Minsheng Banking's current Cyclically Adjusted PB Ratio of 0.29 is 44% below median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.11. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. China Minsheng Banking's value of 0.29 is 77.2% below this industry median. Based on the distribution chart, China Minsheng Banking ranks #67 out of 1286 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 Modestly Undervalued, 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 1286 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 1.27. China Minsheng Banking's value of 0.29 is 77.2% below this benchmark. Historically, China Minsheng Banking's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.11 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.27, 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 1.27, based on 1,286 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 0.29 is 77.2% 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 1.27 — 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 0.29, which is 44% below median its own 10-year median of 0.52. 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 Modestly Undervalued. The stock's GF Value™ is $5.34, compared to a current price of $4.55 — trading 14.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.29, which is 44% below median its 10-year median of 0.52 and 77.2% below the Banks industry median of 1.27. China Minsheng Banking's overall GF Score™ is 52/100 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 China Minsheng Banking (CMAKY), the current Cyclically Adjusted PB Ratio is 0.29 as of Aug. 02, 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 $4.55 is trading 14.8% below its estimated GF Value™ of $5.34. GuruFocus considers China Minsheng Banking to be Modestly Undervalued.

Key valuation signals for CMAKY:

  • Cyclically Adjusted PB Ratio: 0.29 (44% below median its 10-year median of 0.52)
  • GF Value™: $5.34 vs. price of $4.55 (14.8% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 77.2% below the Banks median (#67 of 1286)

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.

$4.55
Price
$5.34
GF Value