China Yangtze Power Co (FRA:CYZB) Cyclically Adjusted PB Ratio: 2.77 (As of Aug. 10, 2026) — 16% Below Median

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FRA:CYZB China Yangtze Power Co Ltd FRA:CYZB
82 GF Score
Price €31.40
GF Value €43.28
Valuation Modestly Undervalued
! 6 Warning Signs
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What is China Yangtze Power Co Cyclically Adjusted PB Ratio?

China Yangtze Power Co FRA:CYZB -0.63% 82 Cyclically Adjusted PB Ratio is 2.77 as of Aug. 10, 2026, which is 16% below its 10-year median of 3.31. GuruFocus rates FRA:CYZB with a GF Score™ of 82/100 and a GF Value™ of €43.28 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 276 Utilities - Independent Power Producers companies, China Yangtze Power Co ranks worse than 86.59% on this metric.

As of today (2026-08-10), China Yangtze Power Co's current share price is €31.40. China Yangtze Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.33. China Yangtze Power Co's Cyclically Adjusted PB Ratio for today is 2.77.

The historical rank and industry rank for China Yangtze Power Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:CYZB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.76   Med: 3.31   Max: 4.31
Current: 3.62

During the past years, China Yangtze Power Co's highest Cyclically Adjusted PB Ratio was 4.31. The lowest was 2.76. And the median was 3.31.

FRA:CYZB's Cyclically Adjusted PB Ratio is ranked worse than
86.59% of 276 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.08 vs FRA:CYZB: 3.62

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 Yangtze Power Co's adjusted book value per share data for the three months ended in Mar. 2026 was €11.690. 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 €11.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Yangtze Power Co  (FRA:CYZB) 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 Yangtze Power Co Cyclically Adjusted PB Ratio Related Terms


China Yangtze Power Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Yangtze Power 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.

China Yangtze Power Co Cyclically Adjusted PB Ratio Chart

China Yangtze Power 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 3.60 3.11 3.35 4.08 3.62

China Yangtze Power 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 3.80 4.09 3.64 3.62 3.53

China Yangtze Power Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, China Yangtze Power 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 Yangtze Power Co Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Yangtze Power Co's Cyclically Adjusted PB Ratio falls into.


FRA:CYZB
82GF Score
China Yangtze Power Co Ltd FRA:CYZB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Yangtze Power 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.

China Yangtze Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.40/11.33
=2.77

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

For example, China Yangtze Power 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)
=11.69/116.3033*116.3033
=11.690

Current CPI (Mar. 2026) = 116.3033.

China Yangtze Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.025 101.400 8.058
201609 7.526 102.400 8.548
201612 7.983 102.600 9.049
201703 8.089 103.200 9.116
201706 7.178 103.100 8.097
201709 7.568 104.100 8.455
201712 7.870 104.500 8.759
201803 8.041 105.300 8.881
201806 7.708 104.900 8.546
201809 7.812 106.600 8.523
201812 8.255 106.500 9.015
201903 8.708 107.700 9.404
201906 7.946 107.700 8.581
201909 8.423 109.800 8.922
201912 8.721 111.200 9.121
202003 8.888 112.300 9.205
202006 8.081 110.400 8.513
202009 9.092 111.700 9.467
202012 9.514 111.500 9.924
202103 9.934 112.662 10.255
202106 9.368 111.769 9.748
202109 10.174 112.215 10.545
202112 11.063 113.108 11.376
202203 11.606 114.335 11.806
202206 10.860 114.558 11.025
202209 11.566 115.339 11.663
202212 13.556 115.116 13.696
202303 10.236 115.116 10.342
202306 9.746 114.558 9.894
202309 10.348 115.339 10.435
202312 10.574 114.781 10.714
202403 10.733 115.227 10.833
202406 10.143 114.781 10.278
202409 10.951 115.785 11.000
202412 11.276 114.893 11.414
202503 11.254 115.116 11.370
202506 10.191 114.907 10.315
202509 10.808 115.471 10.886
202512 10.968 115.832 11.013
202603 11.690 116.303 11.690

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 2.77 mean?
China Yangtze Power Co (FRA:CYZB) has a Cyclically Adjusted PB Ratio of 2.77 as of Aug. 10, 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 Yangtze Power Co and its competitors. This is 16% below median its historical median of 3.31. Over the past decade, China Yangtze Power Co's Cyclically Adjusted PB Ratio has ranged from 2.76 to 4.31. According to the industry distribution chart, China Yangtze Power Co ranks #239 out of 276 companies in the Utilities - Independent Power Producers industry, placing it in the top 86.6%.
Is China Yangtze Power Co's Cyclically Adjusted PB Ratio too high?
China Yangtze Power Co's current Cyclically Adjusted PB Ratio of 2.77 is 16% below median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 4.31. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.08. China Yangtze Power Co's value of 2.77 is 156.5% above this industry median. Based on the distribution chart, China Yangtze Power Co ranks #239 out of 276 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, China Yangtze Power Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Yangtze Power Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Yangtze Power Co ranks #239 out of 276 companies for Cyclically Adjusted PB Ratio. This places China Yangtze Power Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. China Yangtze Power Co's value of 2.77 is 156.5% above this benchmark. Historically, China Yangtze Power Co's own Cyclically Adjusted PB Ratio has ranged from 2.76 to 4.31 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 1.08, China Yangtze Power Co has consistently been above 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.08, based on 276 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 Yangtze Power Co's current Cyclically Adjusted PB Ratio of 2.77 is 156.5% above 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 Yangtze Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Yangtze Power Co's current Cyclically Adjusted PB Ratio is 2.77, which is 16% below median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Yangtze Power Co stock overvalued right now?
Based on GuruFocus' analysis, China Yangtze Power Co (FRA:CYZB) is currently considered Modestly Undervalued. The stock's GF Value™ is €43.28, compared to a current price of €31.40 — trading 27.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.77, which is 16% below median its 10-year median of 3.31 and 156.5% above the Utilities - Independent Power Producers industry median of 1.08. China Yangtze Power Co's overall GF Score™ is 82/100 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 Yangtze Power Co (FRA:CYZB), the current Cyclically Adjusted PB Ratio is 2.77 as of Aug. 10, 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 Yangtze Power Co (FRA:CYZB) Overvalued in 2026?

Based on GuruFocus' analysis, China Yangtze Power Co stock appears to be undervalued. The current stock price of €31.40 is trading 27.4% below its estimated GF Value™ of €43.28. GuruFocus considers China Yangtze Power Co to be Modestly Undervalued.

Key valuation signals for FRA:CYZB:

  • Cyclically Adjusted PB Ratio: 2.77 (16% below median its 10-year median of 3.31)
  • GF Value™: €43.28 vs. price of €31.40 (27.4% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 156.5% above the Utilities - Independent Power Producers median (#239 of 276)

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


China Yangtze Power Co Business Description

Other Exchanges CYPC:UK600900:China
Address No. 88 Sanyang Road, Jiang\'an District, Hubei Province, Wuhan City, CHN, 430014
China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.
82GF Score

Get the complete analysis for FRA:CYZB

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

€31.40
Price
€43.28
GF Value