Zoomlion Heavy Industry Science and Technology Co (FRA:8CZ) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 03, 2026) — Near 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:8CZ Zoomlion Heavy Industry Science and Technology Co Ltd FRA:8CZ
59 GF Score
Price €0.81
GF Value €0.97
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Zoomlion Heavy Industry Science and Technology Co Cyclically Adjusted PB Ratio?

Zoomlion Heavy Industry Science and Technology Co FRA:8CZ -2.28% 59 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 03, 2026, which is 4% above its 10-year median of 1.19. GuruFocus rates FRA:8CZ with a GF Score™ of 59/100 and a GF Value™ of €0.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Zoomlion Heavy Industry Science and Technology Co ranks better than 58.43% on this metric.

As of today (2026-08-03), Zoomlion Heavy Industry Science and Technology Co's current share price is €0.8056. Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.65. Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:8CZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.19   Max: 2.68
Current: 1.26

During the past years, Zoomlion Heavy Industry Science and Technology Co's highest Cyclically Adjusted PB Ratio was 2.68. The lowest was 0.69. And the median was 1.19.

FRA:8CZ's Cyclically Adjusted PB Ratio is ranked better than
58.43% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.535 vs FRA:8CZ: 1.26

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.

Zoomlion Heavy Industry Science and Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was €0.848. 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 €0.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zoomlion Heavy Industry Science and Technology Co  (FRA:8CZ) 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.


Zoomlion Heavy Industry Science and Technology Co Cyclically Adjusted PB Ratio Related Terms


Zoomlion Heavy Industry Science and Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zoomlion Heavy Industry Science and Technology 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.

Zoomlion Heavy Industry Science and Technology Co Cyclically Adjusted PB Ratio Chart

Zoomlion Heavy Industry Science and Technology 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 1.24 0.93 1.12 1.23 1.44

Zoomlion Heavy Industry Science and Technology 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 1.27 1.22 1.34 1.44 1.42

FRA:8CZ vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Zoomlion Heavy Industry Science and Technology 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.


Zoomlion Heavy Industry Science and Technology Co Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio falls into.


FRA:8CZ
59GF Score
Zoomlion Heavy Industry Science and Technology Co Ltd FRA:8CZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zoomlion Heavy Industry Science and Technology 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.

Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.8056/0.65
=1.24

* 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.

Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zoomlion Heavy Industry Science and Technology 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)
=0.848/116.3033*116.3033
=0.848

Current CPI (Mar. 2026) = 116.3033.

Zoomlion Heavy Industry Science and Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.658 101.400 0.755
201609 0.651 102.400 0.739
201612 0.658 102.600 0.746
201703 0.654 103.200 0.737
201706 0.634 103.100 0.715
201709 0.625 104.100 0.698
201712 0.617 104.500 0.687
201803 0.627 105.300 0.693
201806 0.628 104.900 0.696
201809 0.602 106.600 0.657
201812 0.625 106.500 0.683
201903 0.661 107.700 0.714
201906 0.605 107.700 0.653
201909 0.614 109.800 0.650
201912 0.633 111.200 0.662
202003 0.654 112.300 0.677
202006 0.703 110.400 0.741
202009 0.729 111.700 0.759
202012 0.740 111.500 0.772
202103 0.825 112.662 0.852
202106 0.825 111.769 0.858
202109 0.854 112.215 0.885
202112 0.911 113.108 0.937
202203 0.953 114.335 0.969
202206 0.896 114.558 0.910
202209 0.893 115.339 0.900
202212 0.854 115.116 0.863
202303 0.853 115.116 0.862
202306 0.791 114.558 0.803
202309 0.801 115.339 0.808
202312 0.835 114.781 0.846
202403 0.842 115.227 0.850
202406 0.824 114.781 0.835
202409 0.838 115.785 0.842
202412 0.864 114.893 0.875
202503 0.861 115.116 0.870
202506 0.798 114.907 0.808
202509 0.807 115.471 0.813
202512 0.807 115.832 0.810
202603 0.848 116.303 0.848

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 1.24 mean?
Zoomlion Heavy Industry Science and Technology Co (FRA:8CZ) has a Cyclically Adjusted PB Ratio of 1.24 as of Aug. 03, 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 Zoomlion Heavy Industry Science and Technology Co and its competitors. This is near median its historical median of 1.19. Over the past decade, Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.68. According to the industry distribution chart, Zoomlion Heavy Industry Science and Technology Co ranks #69 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 41.6%.
Is Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio too high?
Zoomlion Heavy Industry Science and Technology Co's current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.68. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.54. Zoomlion Heavy Industry Science and Technology Co's value of 1.24 is 19.2% below this industry median. Based on the distribution chart, Zoomlion Heavy Industry Science and Technology Co ranks #69 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Zoomlion Heavy Industry Science and Technology Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zoomlion Heavy Industry Science and Technology Co's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Zoomlion Heavy Industry Science and Technology Co ranks #69 out of 166 companies for Cyclically Adjusted PB Ratio. This puts Zoomlion Heavy Industry Science and Technology Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Zoomlion Heavy Industry Science and Technology Co's value of 1.24 is 19.2% below this benchmark. Historically, Zoomlion Heavy Industry Science and Technology Co's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.68 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.54, Zoomlion Heavy Industry Science and Technology 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.54, based on 166 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. Zoomlion Heavy Industry Science and Technology Co's current Cyclically Adjusted PB Ratio of 1.24 is 19.2% 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 Zoomlion Heavy Industry Science and Technology Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zoomlion Heavy Industry Science and Technology Co's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoomlion Heavy Industry Science and Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zoomlion Heavy Industry Science and Technology Co (FRA:8CZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.97, compared to a current price of €0.81 — trading 16.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.19 and 19.2% below the Farm & Heavy Construction Machinery industry median of 1.54. Zoomlion Heavy Industry Science and Technology Co's overall GF Score™ is 59/100 with 6 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 Zoomlion Heavy Industry Science and Technology Co (FRA:8CZ), the current Cyclically Adjusted PB Ratio is 1.24 as of Aug. 03, 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 Zoomlion Heavy Industry Science and Technology Co (FRA:8CZ) Overvalued in 2026?

Based on GuruFocus' analysis, Zoomlion Heavy Industry Science and Technology Co stock appears to be undervalued. The current stock price of €0.81 is trading 16.9% below its estimated GF Value™ of €0.97. GuruFocus considers Zoomlion Heavy Industry Science and Technology Co to be Modestly Undervalued.

Key valuation signals for FRA:8CZ:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.19)
  • GF Value™: €0.97 vs. price of €0.81 (16.9% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 19.2% below the Farm & Heavy Construction Machinery median (#69 of 166)

No single metric tells the full story. See the FRA:8CZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zoomlion Heavy Industry Science and Technology Co Business Description

Address Yinpen South Road, No. 361, Hunan Province, Changsha, CHN, 410013
Zoomlion Heavy Industry Science and Technology Co Ltd are mainly engaged in the research, development, manufacturing, and sales of construction machinery and agricultural machinery. It is engaged in three main operating segments, including research, development, manufacturing, and sale of construction machinery; research, development, manufacturing, and sale of agricultural machinery; and finance lease services. The construction machinery segment provides concrete machinery, crane machinery, aerial machinery, earth working machinery, and other products. The agricultural machinery industry includes farming machinery, harvesting machinery, drying machinery, and agricultural equipment.
59GF Score

Get the complete analysis for FRA:8CZ

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

€0.81
Price
€0.97
GF Value