China Fortune Holdings (FRA:FTQ0) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:FTQ0 China Fortune Holdings Ltd FRA:FTQ0
17 GF Score
Price €0.06
GF Value €0.01
Valuation Significantly Overvalued
! 8 Warning Signs
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What is China Fortune Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

China Fortune Holdings  (FRA:FTQ0) 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 Fortune Holdings Cyclically Adjusted PB Ratio Related Terms

China Fortune Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Fortune 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 Fortune Holdings Cyclically Adjusted PB Ratio Chart

China Fortune Holdings 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 0.19 0.18 0.12 0.33 0.72

China Fortune Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.09 0.23 0.18 0.34 2.13

FRA:FTQ0 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, China Fortune 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 Fortune Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, China Fortune Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:FTQ0
17GF Score
China Fortune Holdings Ltd FRA:FTQ0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Fortune 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 Fortune Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, China Fortune Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.011/120.7036*120.7036
=-0.011

Current CPI (Dec25) = 120.7036.

China Fortune Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.200 103.225 0.234
201712 -0.007 104.984 -0.008
201812 0.009 107.622 0.010
201912 -0.022 110.700 -0.024
202012 -0.027 109.711 -0.030
202112 0.007 112.349 0.008
202212 -0.006 114.548 -0.006
202312 -0.010 117.296 -0.010
202412 -0.007 118.945 -0.007
202512 -0.011 120.704 -0.011

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 China Fortune Holdings (FRA:FTQ0) Overvalued in 2026?

Based on GuruFocus' analysis, China Fortune Holdings stock appears to be overvalued. The current stock price of €0.06 is trading 545% above its estimated GF Value™ of €0.01. GuruFocus considers China Fortune Holdings to be Significantly Overvalued.

Key valuation signals for FRA:FTQ0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.01 vs. price of €0.06 (545% above fair value)
  • GF Score™: 17/100 with 8 warning signs

No single metric tells the full story. See the FRA:FTQ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Fortune Holdings Business Description

Other Exchanges 00110:Hong Kong
Address 63 Wo Yi Hop Road, Room 1505-06, Tower A, Regent Centre, Kwai Chung, Hong Kong, HKG
China Fortune Holdings Ltd is an investment holding company. The company is engaged in the distribution and trading of mobile phones and electronic products and mining and processing of celestite, zinc, and lead minerals. The company operates in segments that include the Mobile Phone Business and Mining Business. Mobile Phones and Electronic Products Business: Sales and marketing of mobile phones and electronic products and components. Mining Business: Exploration, exploitation, refining and asset investment of mineral resources. The Mobile Phone Business generates maximum revenue for the company. Geographically the group caters its services in the PRC.
17GF Score

Get the complete analysis for FRA:FTQ0

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

€0.06
Price
€0.01
GF Value