CIG Shanghai Co (FRA:35P) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

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.
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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:35P CIG Shanghai Co Ltd FRA:35P
61 GF Score
Price €7.11
GF Value €3.18
! 7 Warning Signs
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What is CIG Shanghai Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


CIG Shanghai Co  (FRA:35P) 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.


CIG Shanghai Co Cyclically Adjusted PB Ratio Related Terms


CIG Shanghai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CIG Shanghai 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.

CIG Shanghai Co Cyclically Adjusted PB Ratio Chart

CIG Shanghai 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 0.00 0.00 0.00 0.00 19.67

CIG Shanghai 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 0.00 0.00 0.00 19.67 13.89

FRA:35P vs : Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, CIG Shanghai 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.


CIG Shanghai Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, CIG Shanghai Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:35P
61GF Score
CIG Shanghai Co Ltd FRA:35P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIG Shanghai 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.

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

For example, CIG Shanghai 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)
=21.73/330.2130*330.2130
=21.730

Current CPI (Mar. 2026) = 330.2130.

CIG Shanghai Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 2.759 234.812 3.880
201512 2.825 236.525 3.944
201612 4.031 241.432 5.513
201703 0.000 243.801 0.000
201706 4.404 244.955 5.937
201709 4.590 246.819 6.141
201712 5.929 246.524 7.942
201803 6.158 249.554 8.148
201806 2.434 251.989 3.190
201809 5.161 252.439 6.751
201812 5.094 251.233 6.695
201903 6.153 254.202 7.993
201906 3.481 256.143 4.488
201909 5.151 256.759 6.625
201912 6.654 256.974 8.550
202003 5.142 258.115 6.578
202006 7.695 257.797 9.857
202009 7.116 260.280 9.028
202012 6.946 260.474 8.806
202103 6.776 264.877 8.447
202106 6.642 271.696 8.073
202109 6.821 274.310 8.211
202112 7.412 278.802 8.779
202203 6.426 287.504 7.381
202206 6.439 296.311 7.176
202209 7.251 296.808 8.067
202212 7.419 296.797 8.254
202303 7.605 301.836 8.320
202306 8.271 305.109 8.952
202309 7.883 307.789 8.457
202312 8.421 306.746 9.065
202403 8.337 312.332 8.814
202406 7.972 314.175 8.379
202409 8.481 315.301 8.882
202412 8.350 315.605 8.736
202503 8.956 319.799 9.248
202506 8.701 322.561 8.907
202509 9.533 324.800 9.692
202512 23.332 324.054 23.775
202603 21.730 330.213 21.730

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 CIG Shanghai Co (FRA:35P) Overvalued in 2026?

Based on GuruFocus' analysis, CIG Shanghai Co stock appears to be overvalued. The current stock price of €7.11 is trading 123.7% above its estimated GF Value™ of €3.18.

Key valuation signals for FRA:35P:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.18 vs. price of €7.11 (123.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the FRA:35P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CIG Shanghai Co Business Description

Comparable Companies
Other Exchanges 06166:Hong Kong603083:China
Address 2388 Chenhang Road, Room 501, 5th FloorBuilding 8, Minhan Disctrict, Shanghai, CHN, 201114
CIG Shanghai Co Ltd operates in the communications industry, and is engaged in the research and development, production, and sales of terminal equipment for telecommunications, data communication, and enterprise networks (including telecommunications broadband, wireless networks, small cells, switches, and basic hardware for industrial IoT), as well as high-speed optical module products.
61GF Score

Get the complete analysis for FRA:35P

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

€7.11
Price
€3.18
GF Value