China Automotive Systems (FRA:2IW) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:2IW China Automotive Systems Inc FRA:2IW
78 GF Score
Price €4.26
GF Value €4.59
Valuation Fairly Valued
! 5 Warning Signs
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What is China Automotive Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Automotive Systems  (FRA:2IW) 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 Automotive Systems Cyclically Adjusted PB Ratio Related Terms


China Automotive Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Automotive Systems'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 Automotive Systems Cyclically Adjusted PB Ratio Chart

China Automotive Systems 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 0.57 0.31 0.38 0.35

China Automotive Systems Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.39 0.44 0.35 0.40 0.35

FRA:2IW vs CVGI, SES, INVZ: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, China Automotive Systems'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 Automotive Systems Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:2IW
78GF Score
China Automotive Systems Inc FRA:2IW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Automotive Systems 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 Automotive Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, China Automotive Systems's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=12.719/115.8323*115.8323
=12.719

Current CPI (Dec. 2025) = 115.8323.

China Automotive Systems Quarterly Data

Book Value per Share CPI Adj_Book
201603 8.592 102.200 9.738
201606 8.690 101.400 9.927
201609 8.851 102.400 10.012
201612 9.165 102.600 10.347
201703 9.262 103.200 10.396
201706 9.075 103.100 10.196
201709 9.077 104.100 10.100
201712 8.056 104.500 8.930
201803 8.310 105.300 9.141
201806 8.293 104.900 9.157
201809 8.421 106.600 9.150
201812 8.431 106.500 9.170
201903 8.824 107.700 9.490
201906 8.601 107.700 9.250
201909 8.892 109.800 9.381
201912 8.846 111.200 9.215
202003 8.847 112.300 9.125
202006 8.528 110.400 8.948
202009 8.244 111.700 8.549
202012 8.475 111.500 8.804
202103 8.852 112.662 9.101
202106 8.976 111.769 9.302
202109 9.140 112.215 9.435
202112 9.618 113.108 9.850
202203 9.876 114.335 10.005
202206 10.245 114.558 10.359
202209 10.666 115.339 10.712
202212 10.163 115.116 10.226
202303 10.362 115.116 10.427
202306 10.155 114.558 10.268
202309 10.928 115.339 10.975
202312 11.049 114.781 11.150
202403 12.050 115.227 12.113
202406 12.326 114.781 12.439
202409 11.555 115.785 11.560
202412 12.477 114.893 12.579
202503 12.248 115.116 12.324
202506 11.602 114.907 11.695
202509 12.012 115.471 12.050
202512 12.719 115.832 12.719

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 Automotive Systems (FRA:2IW) Overvalued in 2026?

Based on GuruFocus' analysis, China Automotive Systems stock appears to be undervalued. The current stock price of €4.26 is trading 7.2% below its estimated GF Value™ of €4.59. GuruFocus considers China Automotive Systems to be Fairly Valued.

Key valuation signals for FRA:2IW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.59 vs. price of €4.26 (7.2% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the FRA:2IW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Automotive Systems Business Description

Other Exchanges CAAS:USA
Address No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000
China Automotive Systems Inc is a holding company. The firm, through its subsidiary, is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series of power steering models, including rack and pinion power steering, integral power steering, electronic power steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.
78GF Score

Get the complete analysis for FRA:2IW

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

€4.26
Price
€4.59
GF Value