China Vanke Co (FRA:18V) Cyclically Adjusted PB Ratio: 0.20 (As of Aug. 02, 2026) — 90% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:18V China Vanke Co Ltd FRA:18V
35 GF Score
Price €0.26
GF Value €0.33
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is China Vanke Co Cyclically Adjusted PB Ratio?

China Vanke Co FRA:18V -1.53% 35 Cyclically Adjusted PB Ratio is 0.20 as of Aug. 02, 2026, which is 90% below its 10-year median of 2.05. GuruFocus rates FRA:18V with a GF Score™ of 35/100 and a GF Value™ of €0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,414 Real Estate companies, China Vanke Co ranks better than 85.08% on this metric.

As of today (2026-08-02), China Vanke Co's current share price is €0.258. China Vanke Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.29. China Vanke Co's Cyclically Adjusted PB Ratio for today is 0.20.

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

FRA:18V' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 2.05   Max: 6.07
Current: 0.18

During the past years, China Vanke Co's highest Cyclically Adjusted PB Ratio was 6.07. The lowest was 0.18. And the median was 2.05.

FRA:18V's Cyclically Adjusted PB Ratio is ranked better than
85.08% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:18V: 0.18

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 Vanke Co's adjusted book value per share data for the three months ended in Mar. 2026 was €1.163. 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 €1.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Vanke Co  (FRA:18V) 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 Vanke Co Cyclically Adjusted PB Ratio Related Terms


China Vanke Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Vanke 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 Vanke Co Cyclically Adjusted PB Ratio Chart

China Vanke 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 1.65 1.34 0.70 0.45 0.28

China Vanke Co 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 0.43 0.39 0.41 0.28 0.24

China Vanke Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, China Vanke 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 Vanke Co Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


FRA:18V
35GF Score
China Vanke Co Ltd FRA:18V
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Vanke 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 Vanke Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.258/1.29
=0.20

* 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 Vanke Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China Vanke Co'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)
=1.163/116.3033*116.3033
=1.163

Current CPI (Mar. 2026) = 116.3033.

China Vanke Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.192 101.400 1.367
201609 1.215 102.400 1.380
201612 1.408 102.600 1.596
201703 1.400 103.200 1.578
201706 1.334 103.100 1.505
201709 1.346 104.100 1.504
201712 1.540 104.500 1.714
201803 1.584 105.300 1.750
201806 1.618 104.900 1.794
201809 1.585 106.600 1.729
201812 1.802 106.500 1.968
201903 1.838 107.700 1.985
201906 1.828 107.700 1.974
201909 1.889 109.800 2.001
201912 2.135 111.200 2.233
202003 2.093 112.300 2.168
202006 2.111 110.400 2.224
202009 2.175 111.700 2.265
202012 2.429 111.500 2.534
202103 2.506 112.662 2.587
202106 2.467 111.769 2.567
202109 2.578 112.215 2.672
202112 2.820 113.108 2.900
202203 2.916 114.335 2.966
202206 2.847 114.558 2.890
202209 2.983 115.339 3.008
202212 2.833 115.116 2.862
202303 2.795 115.116 2.824
202306 2.693 114.558 2.734
202309 2.722 115.339 2.745
202312 2.700 114.781 2.736
202403 2.684 115.227 2.709
202406 2.594 114.781 2.628
202409 2.499 115.785 2.510
202412 2.228 114.893 2.255
202503 2.104 115.116 2.126
202506 1.937 114.907 1.961
202509 1.762 115.471 1.775
202512 1.188 115.832 1.193
202603 1.163 116.303 1.163

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 0.20 mean?
China Vanke Co (FRA:18V) has a Cyclically Adjusted PB Ratio of 0.20 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 Vanke Co and its competitors. This is 90% below median its historical median of 2.05. Over the past decade, China Vanke Co's Cyclically Adjusted PB Ratio has ranged from 0.18 to 6.07. According to the industry distribution chart, China Vanke Co ranks #211 out of 1414 companies in the Real Estate industry, placing it in the top 14.9%.
Is China Vanke Co's Cyclically Adjusted PB Ratio too high?
China Vanke Co's current Cyclically Adjusted PB Ratio of 0.20 is 90% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 6.07. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. China Vanke Co's value of 0.20 is 71% below this industry median. Based on the distribution chart, China Vanke Co ranks #211 out of 1414 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, China Vanke Co has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Vanke Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, China Vanke Co ranks #211 out of 1414 companies for Cyclically Adjusted PB Ratio. This places China Vanke Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. China Vanke Co's value of 0.20 is 71% below this benchmark. Historically, China Vanke Co's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 6.07 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 0.69, China Vanke Co 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 1,414 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 Vanke Co's current Cyclically Adjusted PB Ratio of 0.20 is 71% 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 Vanke Co 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. China Vanke Co's current Cyclically Adjusted PB Ratio is 0.20, which is 90% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Vanke Co stock overvalued right now?
Based on GuruFocus' analysis, China Vanke Co (FRA:18V) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.33, compared to a current price of €0.26 — trading 21.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.20, which is 90% below median its 10-year median of 2.05 and 71% below the Real Estate industry median of 0.69. China Vanke Co's overall GF Score™ is 35/100 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 Vanke Co (FRA:18V), the current Cyclically Adjusted PB Ratio is 0.20 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 Vanke Co (FRA:18V) Overvalued in 2026?

Based on GuruFocus' analysis, China Vanke Co stock appears to be undervalued. The current stock price of €0.26 is trading 21.8% below its estimated GF Value™ of €0.33. GuruFocus considers China Vanke Co to be Modestly Undervalued.

Key valuation signals for FRA:18V:

  • Cyclically Adjusted PB Ratio: 0.20 (90% below median its 10-year median of 2.05)
  • GF Value™: €0.33 vs. price of €0.26 (21.8% below fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 71% below the Real Estate median (#211 of 1414)

No single metric tells the full story. See the FRA:18V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Vanke Co Business Description

Address Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Guangdong Province, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with an about 27% stake.
35GF Score

Get the complete analysis for FRA:18V

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

€0.26
Price
€0.33
GF Value