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.
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.
China Merchants Port Holdings CoFRA:CPM -0.81%72 Cyclically Adjusted PB Ratio is 0.55 as of Jul. 21, 2026, which is 4% above its 10-year median of 0.53. GuruFocus rates FRA:CPM with a GF Score™ of 72/100 and a GF Value™ of €1.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 738 Transportation companies, China Merchants Port Holdings Co ranks better than 82.79% on this metric.
The historical rank and industry rank for China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:CPM'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.53 Max: 1.22
Current: 0.54
During the past 13 years, China Merchants Port Holdings Co's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.32. And the median was 0.53.
FRA:CPM's Cyclically Adjusted PB Ratio is ranked better than 82.79% of 738
companies
in the Transportation industry
Industry Median: 1.24
vs FRA:CPM: 0.54
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 Merchants Port Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was €2.886. 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 €2.89 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
China Merchants Port Holdings Co (FRA:CPM) 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 Merchants Port Holdings Co Cyclically Adjusted PB Ratio Related Terms
China Merchants Port Holdings Co Cyclically Adjusted PB Ratio Historical Data
* 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 Merchants Port Holdings Co Cyclically Adjusted PB Ratio Chart
China Merchants Port Holdings Co Cyclically Adjusted PB Ratio Competitor Comparison
For the Marine Shipping subindustry, China Merchants Port Holdings 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 Merchants Port Holdings Co Cyclically Adjusted PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio falls into.
China Merchants Port Holdings 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.
* 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.
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 0.55 mean?
China Merchants Port Holdings Co (FRA:CPM) has a Cyclically Adjusted PB Ratio of 0.55 as of Jul. 21, 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 Merchants Port Holdings Co and its competitors. This is near median its historical median of 0.53. Over the past decade, China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.22. According to the industry distribution chart, China Merchants Port Holdings Co ranks #127 out of 738 companies in the Transportation industry, placing it in the top 17.2%.
Is China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio too high?
China Merchants Port Holdings Co's current Cyclically Adjusted PB Ratio of 0.55 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.22. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. China Merchants Port Holdings Co's value of 0.55 is 55.6% below this industry median. Based on the distribution chart, China Merchants Port Holdings Co ranks #127 out of 738 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Merchants Port Holdings Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Port Holdings Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, China Merchants Port Holdings Co ranks #127 out of 738 companies for Cyclically Adjusted PB Ratio. This places China Merchants Port Holdings Co in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. China Merchants Port Holdings Co's value of 0.55 is 55.6% below this benchmark. Historically, China Merchants Port Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.22 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.24, China Merchants Port Holdings 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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 Merchants Port Holdings Co's current Cyclically Adjusted PB Ratio of 0.55 is 55.6% 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 Merchants Port Holdings Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Port Holdings Co's current Cyclically Adjusted PB Ratio is 0.55, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Port Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Port Holdings Co (FRA:CPM) is currently considered Fairly Valued. The stock's GF Value™ is €1.56, compared to a current price of €1.59 — trading 2.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.55, which is near median its 10-year median of 0.53 and 55.6% below the Transportation industry median of 1.24. China Merchants Port Holdings Co's overall GF Score™ is 72/100 with 3 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 Merchants Port Holdings Co (FRA:CPM), the current Cyclically Adjusted PB Ratio is 0.55 as of Jul. 21, 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 Merchants Port Holdings Co (FRA:CPM) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Port Holdings Co stock appears to be overvalued.
The current stock price of €1.59 is trading 2.2% above its estimated GF Value™ of €1.56.
GuruFocus considers China Merchants Port Holdings Co to be Fairly Valued.
Key valuation signals for FRA:CPM:
Cyclically Adjusted PB Ratio: 0.55 (near median its 10-year median of 0.53)
GF Value™: €1.56 vs. price of €1.59 (2.2% above fair value)
Industry Position: 55.6% below the Transportation median (#127 of 738)
No single metric tells the full story. See the FRA:CPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Port Holdings Co Business Description
China Merchants Port Holdings Co Ltd is a port service provider principally engaged in port operations, bonded logistics operations, and property investment. Its segments are port operations, bonded logistics operations, and other operations. Port operations generate maximum revenue, including container terminal operations and bulk and general cargo terminal operations conducted by the Group, its associates, and joint ventures across Mainland China, Hong Kong, and Taiwan, as well as other international locations. Bonded logistics operations include logistics park operations, port transportation, and airport cargo handling. Other operations mainly include property development and investment, logistics operations by associates, and corporate functions.
72GF Score
Get the complete analysis for FRA:CPM
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:CPM has been successfully added to your 
