CRPJY (China Resources Power Holdings Co) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: 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
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.

CRPJY China Resources Power Holdings Co Ltd CRPJY
75 GF Score
Price $35.69
GF Value $37.87
Valuation Fairly Valued
! 5 Warning Signs
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What is China Resources Power Holdings Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Resources Power Holdings Co  (OTCPK:CRPJY) 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 Resources Power Holdings Co Cyclically Adjusted PB Ratio Related Terms


China Resources Power Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Resources Power Holdings Co'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 Resources Power Holdings Co Cyclically Adjusted PB Ratio Chart

China Resources Power Holdings Co 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 1.33 0.74 0.76 0.90 0.93

China Resources Power Holdings Co 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 1.20 0.89 0.96 0.93 0.89

CRPJY vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, China Resources Power Holdings Co'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 Resources Power Holdings Co Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Resources Power Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Resources Power Holdings Co's Cyclically Adjusted PB Ratio falls into.


CRPJY
75GF Score
China Resources Power Holdings Co Ltd CRPJY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Power Holdings Co 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 Resources Power Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Resources Power Holdings Co'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)
=45.682/120.7036*120.7036
=45.682

Current CPI (Dec25) = 120.7036.

China Resources Power Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201612 30.225 103.225 35.343
201712 32.418 104.984 37.272
201812 30.780 107.622 34.521
201912 32.469 110.700 35.403
202012 38.254 109.711 42.087
202112 38.731 112.349 41.611
202212 35.912 114.548 37.842
202312 37.491 117.296 38.580
202412 40.755 118.945 41.358
202512 45.682 120.704 45.682

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 China Resources Power Holdings Co (CRPJY) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Power Holdings Co stock appears to be undervalued. The current stock price of $35.69 is trading 5.8% below its estimated GF Value™ of $37.87. GuruFocus considers China Resources Power Holdings Co to be Fairly Valued.

Key valuation signals for CRPJY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $37.87 vs. price of $35.69 (5.8% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


China Resources Power Holdings Co Business Description

Address 26 Harbour Road, Rooms 2001-2002, 20th Floor, China Resources Building, Wanchai, HKG
China Resources Power, or CR Power, is one of China's largest independent power producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants and thermal power (coal-fired and gas-fired) plants, which are situated mostly in eastern, central and southern China, with a total attributable operational generation capacity of about 72.4 gigawatts as of end-2024. Renewable energy accounts for about 47.2% of its capacity. China Resources Holdings, a key state-owned conglomerate, owns approximately 62.9% of CR Power's shares outstanding.
75GF Score

Get the complete analysis for CRPJY

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

$35.69
Price
$37.87
GF Value