China Qinfa Group (FRA:16Q) Cyclically Adjusted PB Ratio: (As of Aug. 27, 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.

FRA:16Q China Qinfa Group Ltd FRA:16Q
36 GF Score
Price €0.23
GF Value €0.06
! 4 Warning Signs
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What is China Qinfa Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Qinfa Group  (FRA:16Q) 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 Qinfa Group Cyclically Adjusted PB Ratio Related Terms


China Qinfa Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Qinfa Group'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 Qinfa Group Cyclically Adjusted PB Ratio Chart

China Qinfa Group 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 0.00 0.00 0.00 0.00 0.00

China Qinfa Group 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 0.00 0.00 0.00 0.00 0.00

China Qinfa Group Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, China Qinfa Group'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 Qinfa Group Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:16Q
36GF Score
China Qinfa Group Ltd FRA:16Q
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Qinfa Group 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 Qinfa Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Qinfa Group'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)
=0.099/115.8323*115.8323
=0.099

Current CPI (Dec25) = 115.8323.

China Qinfa Group Annual Data

Book Value per Share CPI Adj_Book
201612 -0.279 102.600 -0.315
201712 -0.099 104.500 -0.110
201812 -0.022 106.500 -0.024
201912 -0.018 111.200 -0.019
202012 -0.165 111.500 -0.171
202112 -0.025 113.108 -0.026
202212 0.001 115.116 0.001
202312 -0.024 114.781 -0.024
202412 0.102 114.893 0.103
202512 0.099 115.832 0.099

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 Qinfa Group (FRA:16Q) Overvalued in 2026?

Based on GuruFocus' analysis, China Qinfa Group stock appears to be overvalued. The current stock price of €0.23 is trading 286.7% above its estimated GF Value™ of €0.06.

Key valuation signals for FRA:16Q:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.06 vs. price of €0.23 (286.7% above fair value)
  • GF Score™: 36/100 with 4 warning signs

No single metric tells the full story. See the FRA:16Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Qinfa Group Business Description

Other Exchanges 00866:Hong Kong
Address No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN
China Qinfa Group Ltd is a Hong Kong-based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, and the blending of coal in the PRC. It has a business presence in the PRC and Indonesia, of which the majority of the revenue is generated within the PRC.
36GF Score

Get the complete analysis for FRA:16Q

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

€0.23
Price
€0.06
GF Value