CNLLF (Central China Real Estate) Cyclically Adjusted PB Ratio: 0.03 (As of Jul. 30, 2026) — 91% 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.

CNLLF Central China Real Estate Ltd CNLLF
12 GF Score
Price $0.01
GF Value $0.02
! 6 Warning Signs
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What is Central China Real Estate Cyclically Adjusted PB Ratio?

Central China Real Estate CNLLF 12 Cyclically Adjusted PB Ratio is 0.03 as of Jul. 30, 2026, which is 91% below its 10-year median of 0.35. GuruFocus rates CNLLF with a GF Score™ of 12/100 and a GF Value™ of $0.02. The stock has 6 warning signs investors should review. Among 1,418 Real Estate companies, Central China Real Estate ranks better than 98.31% on this metric.

As of today (2026-07-30), Central China Real Estate's current share price is $0.0114. Central China Real Estate's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $0.34. Central China Real Estate's Cyclically Adjusted PB Ratio for today is 0.03.

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

CNLLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.35   Max: 1.5
Current: 0.02

During the past 13 years, Central China Real Estate's highest Cyclically Adjusted PB Ratio was 1.50. The lowest was 0.02. And the median was 0.35.

CNLLF's Cyclically Adjusted PB Ratio is ranked better than
98.31% of 1418 companies
in the Real Estate industry
Industry Median: 0.69 vs CNLLF: 0.02

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.

Central China Real Estate's adjusted book value per share data of for the fiscal year that ended in Dec25 was $-0.421. 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 $0.34 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Central China Real Estate  (OTCPK:CNLLF) 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.


Central China Real Estate Cyclically Adjusted PB Ratio Related Terms


Central China Real Estate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Central China Real Estate'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.

Central China Real Estate Cyclically Adjusted PB Ratio Chart

Central China Real Estate 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 0.25 0.12 0.02 0.04 0.03

Central China Real Estate 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 0.02 0.00 0.04 0.00 0.03

Central China Real Estate Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Central China Real Estate'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.


Central China Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Central China Real Estate's Cyclically Adjusted PB Ratio falls into.


CNLLF
12GF Score
Central China Real Estate Ltd CNLLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Central China Real Estate 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.

Central China Real Estate's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0114/0.34
=0.03

* 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.

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

For example, Central China Real Estate'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)
=-0.421/115.8323*115.8323
=-0.421

Current CPI (Dec25) = 115.8323.

Central China Real Estate Annual Data

Book Value per Share CPI Adj_Book
201612 0.380 102.600 0.429
201712 0.476 104.500 0.528
201812 0.470 106.500 0.511
201912 0.506 111.200 0.527
202012 0.592 111.500 0.615
202112 0.495 113.108 0.507
202212 0.037 115.116 0.037
202312 -0.099 114.781 -0.100
202412 -0.278 114.893 -0.280
202512 -0.421 115.832 -0.421

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 0.03 mean?
Central China Real Estate (CNLLF) has a Cyclically Adjusted PB Ratio of 0.03 as of Jul. 30, 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 Central China Real Estate and its competitors. This is 91% below median its historical median of 0.35. Over the past decade, Central China Real Estate's Cyclically Adjusted PB Ratio has ranged from 0.02 to 1.50. According to the industry distribution chart, Central China Real Estate ranks #24 out of 1418 companies in the Real Estate industry, placing it in the top 1.7%.
Is Central China Real Estate's Cyclically Adjusted PB Ratio too high?
Central China Real Estate's current Cyclically Adjusted PB Ratio of 0.03 is 91% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.50. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Central China Real Estate's value of 0.03 is 95.7% below this industry median. Based on the distribution chart, Central China Real Estate ranks #24 out of 1418 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Central China Real Estate has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Central China Real Estate's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Central China Real Estate ranks #24 out of 1418 companies for Cyclically Adjusted PB Ratio. This places Central China Real Estate in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. Central China Real Estate's value of 0.03 is 95.7% below this benchmark. Historically, Central China Real Estate's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 1.50 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.69, Central China Real Estate 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 0.69, based on 1,418 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. Central China Real Estate's current Cyclically Adjusted PB Ratio of 0.03 is 95.7% 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 Central China Real Estate and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central China Real Estate's current Cyclically Adjusted PB Ratio is 0.03, which is 91% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central China Real Estate stock overvalued right now?
Central China Real Estate (CNLLF) has a current Cyclically Adjusted PB Ratio of 0.03. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 43% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is 91% below median its 10-year median of 0.35 and 95.7% below the Real Estate industry median of 0.69. Central China Real Estate's overall GF Score™ is 12/100 with 6 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 Central China Real Estate (CNLLF), the current Cyclically Adjusted PB Ratio is 0.03 as of Jul. 30, 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 Central China Real Estate (CNLLF) Overvalued in 2026?

Based on GuruFocus' analysis, Central China Real Estate stock appears to be undervalued. The current stock price of $0.01 is trading 43% below its estimated GF Value™ of $0.02.

Key valuation signals for CNLLF:

  • Cyclically Adjusted PB Ratio: 0.03 (91% below median its 10-year median of 0.35)
  • GF Value™: $0.02 vs. price of $0.01 (43% below fair value)
  • GF Score™: 12/100 with 6 warning signs
  • Industry Position: 95.7% below the Real Estate median (#24 of 1418)

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


Central China Real Estate Business Description

Other Exchanges 00832:Hong Kong
Address Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN
Central China Real Estate Ltd is a Hong Kong-based investment holding company principally engaged in property development, property leasing and hotel operations. The company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.
12GF Score

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

$0.01
Price
$0.02
GF Value