Shengli Oil & Gas Pipe Holdings (FRA:GSG) Cyclically Adjusted PB Ratio: 0.17 (As of Aug. 11, 2026) — 55% Above 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:GSG Shengli Oil & Gas Pipe Holdings Ltd FRA:GSG
40 GF Score
Price €0.01
GF Value €0.01
! 2 Warning Signs
View Full Analysis

What is Shengli Oil & Gas Pipe Holdings Cyclically Adjusted PB Ratio?

Shengli Oil & Gas Pipe Holdings FRA:GSG +11.11% 40 Cyclically Adjusted PB Ratio is 0.17 as of Aug. 11, 2026, which is 55% above its 10-year median of 0.11. GuruFocus rates FRA:GSG with a GF Score™ of 40/100 and a GF Value™ of €0.01. The stock has 2 warning signs investors should review. Among 767 Oil & Gas companies, Shengli Oil & Gas Pipe Holdings ranks better than 91% on this metric.

As of today (2026-08-11), Shengli Oil & Gas Pipe Holdings's current share price is €0.005. Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.03. Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted PB Ratio for today is 0.17.

The historical rank and industry rank for Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:GSG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.11   Max: 0.49
Current: 0.16

During the past 13 years, Shengli Oil & Gas Pipe Holdings's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.05. And the median was 0.11.

FRA:GSG's Cyclically Adjusted PB Ratio is ranked better than
91% of 767 companies
in the Oil & Gas industry
Industry Median: 1.17 vs FRA:GSG: 0.16

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.

Shengli Oil & Gas Pipe Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.012. 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 €0.03 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shengli Oil & Gas Pipe Holdings  (FRA:GSG) 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.


Shengli Oil & Gas Pipe Holdings Cyclically Adjusted PB Ratio Related Terms


Shengli Oil & Gas Pipe Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe Holdings Cyclically Adjusted PB Ratio Chart

Shengli Oil & Gas Pipe 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 0.12 0.13 0.10 0.08 0.29

Shengli Oil & Gas Pipe Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.10 0.00 0.08 0.00 0.29

FRA:GSG vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Shengli Oil & Gas Pipe 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.


Shengli Oil & Gas Pipe Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted PB Ratio falls into.


FRA:GSG
40GF Score
Shengli Oil & Gas Pipe Holdings Ltd FRA:GSG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shengli Oil & Gas Pipe 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.

Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.005/0.03
=0.17

* 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.

Shengli Oil & Gas Pipe Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shengli Oil & Gas Pipe 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)
=0.012/115.8323*115.8323
=0.012

Current CPI (Dec25) = 115.8323.

Shengli Oil & Gas Pipe Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.068 102.600 0.077
201712 0.053 104.500 0.059
201812 0.052 106.500 0.057
201912 0.046 111.200 0.048
202012 0.032 111.500 0.033
202112 0.022 113.108 0.023
202212 0.021 115.116 0.021
202312 0.016 114.781 0.016
202412 0.014 114.893 0.014
202512 0.012 115.832 0.012

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 0.17 mean?
Shengli Oil & Gas Pipe Holdings (FRA:GSG) has a Cyclically Adjusted PB Ratio of 0.17 as of Aug. 11, 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 Shengli Oil & Gas Pipe Holdings and its competitors. This is 55% above median its historical median of 0.11. Over the past decade, Shengli Oil & Gas Pipe Holdings' Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.49. According to the industry distribution chart, Shengli Oil & Gas Pipe Holdings ranks #69 out of 767 companies in the Oil & Gas industry, placing it in the top 9%.
Is Shengli Oil & Gas Pipe Holdings' Cyclically Adjusted PB Ratio too high?
Shengli Oil & Gas Pipe Holdings' current Cyclically Adjusted PB Ratio of 0.17 is 55% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.49. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.17. Shengli Oil & Gas Pipe Holdings' value of 0.17 is 85.5% below this industry median. Based on the distribution chart, Shengli Oil & Gas Pipe Holdings ranks #69 out of 767 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Shengli Oil & Gas Pipe Holdings has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Shengli Oil & Gas Pipe Holdings' Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Shengli Oil & Gas Pipe Holdings ranks #69 out of 767 companies for Cyclically Adjusted PB Ratio. This places Shengli Oil & Gas Pipe Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. Shengli Oil & Gas Pipe Holdings' value of 0.17 is 85.5% below this benchmark. Historically, Shengli Oil & Gas Pipe Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.49 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 1.17, Shengli Oil & Gas Pipe 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 Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.17, based on 767 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. Shengli Oil & Gas Pipe Holdings's current Cyclically Adjusted PB Ratio of 0.17 is 85.5% 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 Shengli Oil & Gas Pipe Holdings and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shengli Oil & Gas Pipe Holdings's current Cyclically Adjusted PB Ratio is 0.17, which is 55% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shengli Oil & Gas Pipe Holdings stock overvalued right now?
Shengli Oil & Gas Pipe Holdings (FRA:GSG) has a current Cyclically Adjusted PB Ratio of 0.17. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 50% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.17, which is 55% above median its 10-year median of 0.11 and 85.5% below the Oil & Gas industry median of 1.17. Shengli Oil & Gas Pipe Holdings' overall GF Score™ is 40/100 with 2 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 Shengli Oil & Gas Pipe Holdings (FRA:GSG), the current Cyclically Adjusted PB Ratio is 0.17 as of Aug. 11, 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 Shengli Oil & Gas Pipe Holdings (FRA:GSG) Overvalued in 2026?

Based on GuruFocus' analysis, Shengli Oil & Gas Pipe Holdings stock appears to be undervalued. The current stock price of €0.01 is trading 50% below its estimated GF Value™ of €0.01.

Key valuation signals for FRA:GSG:

  • Cyclically Adjusted PB Ratio: 0.17 (55% above median its 10-year median of 0.11)
  • GF Value™: €0.01 vs. price of €0.01 (50% below fair value)
  • GF Score™: 40/100 with 2 warning signs
  • Industry Position: 85.5% below the Oil & Gas median (#69 of 767)

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


Shengli Oil & Gas Pipe Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges 01080:Hong Kong
Address Zhongbu Town, Zhangdian District, Shandong Province, Zibo, CHN, 255082
Shengli Oil & Gas Pipe Holdings Ltd is an oil and gas pipe manufacturer in China. It focuses on the design, manufacturing, value-added processing, and servicing of submerged-arc helical welded pipes (SAWH pipes) and submerged-arc longitudinal welded pipes (SAWL pipes), that are used to transport crude oil, refined petroleum products, natural gas, and other related products. It operates two reportable segments which comprise the pipes business and trading business. The majority of the revenue is derived from the pipes business segment that involves the production of submerged-arc helical welded pipes and submerged-arc longitudinal welded pipes which are mainly used for the oil and infrastructure industry. Geographically it derives revenue from Mainland China and Hong Kong.
40GF Score

Get the complete analysis for FRA:GSG

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

€0.01
Price
€0.01
GF Value