China Education Group Holdings (FRA:C3W) Cyclically Adjusted PB Ratio: 0.41 (As of Jul. 30, 2026) — 34% 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:C3W China Education Group Holdings Ltd FRA:C3W
63 GF Score
Price €0.21
GF Value €0.55
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is China Education Group Holdings Cyclically Adjusted PB Ratio?

China Education Group Holdings FRA:C3W +0.95% 63 Cyclically Adjusted PB Ratio is 0.41 as of Jul. 30, 2026, which is 34% below its 10-year median of 0.62. GuruFocus rates FRA:C3W with a GF Score™ of 63/100 and a GF Value™ of €0.55 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 160 Education companies, China Education Group Holdings ranks better than 79.37% on this metric.

As of today (2026-07-30), China Education Group Holdings's current share price is €0.212. China Education Group Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 was €0.52. China Education Group Holdings's Cyclically Adjusted PB Ratio for today is 0.41.

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

FRA:C3W' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.62   Max: 1.25
Current: 0.39

During the past 11 years, China Education Group Holdings's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.34. And the median was 0.62.

FRA:C3W's Cyclically Adjusted PB Ratio is ranked better than
79.37% of 160 companies
in the Education industry
Industry Median: 1.16 vs FRA:C3W: 0.39

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 Education Group Holdings's adjusted book value per share data of for the fiscal year that ended in Aug25 was €0.716. 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 €0.52 for the trailing ten years ended in Aug25.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Education Group Holdings  (FRA:C3W) 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 Education Group Holdings Cyclically Adjusted PB Ratio Related Terms


China Education Group Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

China Education Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.02 0.58

China Education Group Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 1.02 0.00 0.58 0.00

FRA:C3W vs EDU, TAL, LAUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, China Education Group Holdings'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 Education Group Holdings Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, China Education Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:C3W
63GF Score
China Education Group Holdings Ltd FRA:C3W
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Education Group Holdings 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 Education Group Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.212/0.52
=0.41

* 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 Education Group Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, China Education Group Holdings's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=0.716/119.8241*119.8241
=0.716

Current CPI (Aug25) = 119.8241.

China Education Group Holdings Annual Data

Book Value per Share CPI Adj_Book
201512 0.151 102.015 0.177
201612 0.173 103.225 0.201
201712 0.361 104.984 0.412
201908 0.415 110.260 0.451
202008 0.486 109.820 0.530
202108 0.631 111.579 0.678
202208 0.852 113.668 0.898
202308 0.772 115.647 0.800
202408 0.741 118.505 0.749
202508 0.716 119.824 0.716

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 0.41 mean?
China Education Group Holdings (FRA:C3W) has a Cyclically Adjusted PB Ratio of 0.41 as of Jul. 30, 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 Education Group Holdings and its competitors. This is 34% below median its historical median of 0.62. Over the past decade, China Education Group Holdings' Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.25. According to the industry distribution chart, China Education Group Holdings ranks #33 out of 160 companies in the Education industry, placing it in the top 20.6%.
Is China Education Group Holdings' Cyclically Adjusted PB Ratio too high?
China Education Group Holdings' current Cyclically Adjusted PB Ratio of 0.41 is 34% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.25. The Education industry median Cyclically Adjusted PB Ratio is 1.16. China Education Group Holdings' value of 0.41 is 64.7% below this industry median. Based on the distribution chart, China Education Group Holdings ranks #33 out of 160 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, China Education Group Holdings has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Education Group Holdings' Cyclically Adjusted PB Ratio compare to EDU and TAL?
According to the Education industry distribution chart, China Education Group Holdings ranks #33 out of 160 companies for Cyclically Adjusted PB Ratio. This places China Education Group Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. China Education Group Holdings' value of 0.41 is 64.7% below this benchmark. Historically, China Education Group Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.25 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.16, China Education Group Holdings 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 an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.16, based on 160 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 Education Group Holdings's current Cyclically Adjusted PB Ratio of 0.41 is 64.7% 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 Education Group Holdings and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Education Group Holdings's current Cyclically Adjusted PB Ratio is 0.41, which is 34% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Education Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Education Group Holdings (FRA:C3W) is currently considered Possible Value Trap. The stock's GF Value™ is €0.55, compared to a current price of €0.21 — trading 61.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.41, which is 34% below median its 10-year median of 0.62 and 64.7% below the Education industry median of 1.16. China Education Group Holdings' overall GF Score™ is 63/100 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 China Education Group Holdings (FRA:C3W), the current Cyclically Adjusted PB Ratio is 0.41 as of Jul. 30, 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 Education Group Holdings (FRA:C3W) Overvalued in 2026?

Based on GuruFocus' analysis, China Education Group Holdings stock appears to be undervalued. The current stock price of €0.21 is trading 61.5% below its estimated GF Value™ of €0.55. GuruFocus considers China Education Group Holdings to be Possible Value Trap.

Key valuation signals for FRA:C3W:

  • Cyclically Adjusted PB Ratio: 0.41 (34% below median its 10-year median of 0.62)
  • GF Value™: €0.55 vs. price of €0.21 (61.5% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 64.7% below the Education median (#33 of 160)

No single metric tells the full story. See the FRA:C3W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Education Group Holdings Business Description

Other Exchanges 00839:Hong Kong
Address 4 4A Des Voeux Road Central, Room NO 1202, 12TH Floor, Standard Chartered Bank Building, Wanchai, Hong Kong, HKG
China Education Group Holdings Ltd is a ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG's full-time student enrollment was about 270,000 as of August 2024.
63GF Score

Get the complete analysis for FRA:C3W

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

€0.21
Price
€0.55
GF Value