Zhejiangnhua Intelligent Controls Co (FRA:I19) Cyclically Adjusted PB Ratio: 11.85 (As of Aug. 19, 2026) — 26% 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:I19 Zhejiang Sanhua Intelligent Controls Co Ltd FRA:I19
76 GF Score
Price €3.08
GF Value €2.36
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Zhejiangnhua Intelligent Controls Co Cyclically Adjusted PB Ratio?

Zhejiangnhua Intelligent Controls Co FRA:I19 +6.21% 76 Cyclically Adjusted PB Ratio is 11.85 as of Aug. 19, 2026, which is 26% above its 10-year median of 9.37. GuruFocus rates FRA:I19 with a GF Score™ of 76/100 and a GF Value™ of €2.36 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,203 Industrial Products companies, Zhejiangnhua Intelligent Controls Co ranks worse than 93.05% on this metric.

As of today (2026-08-19), Zhejiangnhua Intelligent Controls Co's current share price is €3.08. Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.26. Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio for today is 11.85.

The historical rank and industry rank for Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:I19' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.93   Med: 9.37   Max: 16.61
Current: 10.93

During the past years, Zhejiangnhua Intelligent Controls Co's highest Cyclically Adjusted PB Ratio was 16.61. The lowest was 4.93. And the median was 9.37.

FRA:I19's Cyclically Adjusted PB Ratio is ranked worse than
93.05% of 2203 companies
in the Industrial Products industry
Industry Median: 2.18 vs FRA:I19: 10.93

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.

Zhejiangnhua Intelligent Controls Co's adjusted book value per share data for the three months ended in Mar. 2026 was €0.973. 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 €0.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiangnhua Intelligent Controls Co  (FRA:I19) 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.


Zhejiangnhua Intelligent Controls Co Cyclically Adjusted PB Ratio Related Terms


Zhejiangnhua Intelligent Controls Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiangnhua Intelligent Controls 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.

Zhejiangnhua Intelligent Controls Co Cyclically Adjusted PB Ratio Chart

Zhejiangnhua Intelligent Controls 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 12.28 9.22 11.39 8.03 15.98

Zhejiangnhua Intelligent Controls 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 9.56 8.39 14.65 15.98 11.74

FRA:I19 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls 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.


Zhejiangnhua Intelligent Controls Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio falls into.


FRA:I19
76GF Score
Zhejiang Sanhua Intelligent Controls Co Ltd FRA:I19
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiangnhua Intelligent Controls 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.

Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.08/0.26
=11.85

* 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.

Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zhejiangnhua Intelligent Controls 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)
=0.973/116.3033*116.3033
=0.973

Current CPI (Mar. 2026) = 116.3033.

Zhejiangnhua Intelligent Controls Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.218 101.400 0.250
201609 0.227 102.400 0.258
201612 0.265 102.600 0.300
201703 0.246 103.200 0.277
201706 0.228 103.100 0.257
201709 0.272 104.100 0.304
201712 0.282 104.500 0.314
201803 0.290 105.300 0.320
201806 0.304 104.900 0.337
201809 0.292 106.600 0.319
201812 0.306 106.500 0.334
201903 0.319 107.700 0.344
201906 0.307 107.700 0.332
201909 0.319 109.800 0.338
201912 0.332 111.200 0.347
202003 0.341 112.300 0.353
202006 0.333 110.400 0.351
202009 0.333 111.700 0.347
202012 0.352 111.500 0.367
202103 0.375 112.662 0.387
202106 0.376 111.769 0.391
202109 0.394 112.215 0.408
202112 0.431 113.108 0.443
202203 0.462 114.335 0.470
202206 0.460 114.558 0.467
202209 0.482 115.339 0.486
202212 0.488 115.116 0.493
202303 0.516 115.116 0.521
202306 0.498 114.558 0.506
202309 0.592 115.339 0.597
202312 0.616 114.781 0.624
202403 0.625 115.227 0.631
202406 0.619 114.781 0.627
202409 0.629 115.785 0.632
202412 0.678 114.893 0.686
202503 0.623 115.116 0.629
202506 0.846 114.907 0.856
202509 0.899 115.471 0.905
202512 0.915 115.832 0.919
202603 0.973 116.303 0.973

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 11.85 mean?
Zhejiangnhua Intelligent Controls Co (FRA:I19) has a Cyclically Adjusted PB Ratio of 11.85 as of Aug. 19, 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 Zhejiangnhua Intelligent Controls Co and its competitors. This is 26% above median its historical median of 9.37. Over the past decade, Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio has ranged from 4.93 to 16.61. According to the industry distribution chart, Zhejiangnhua Intelligent Controls Co ranks #2050 out of 2203 companies in the Industrial Products industry, placing it in the top 93.1%.
Is Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio too high?
Zhejiangnhua Intelligent Controls Co's current Cyclically Adjusted PB Ratio of 11.85 is 26% above median its 10-year median of 9.37. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 16.61. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.18. Zhejiangnhua Intelligent Controls Co's value of 11.85 is 443.6% above this industry median. Based on the distribution chart, Zhejiangnhua Intelligent Controls Co ranks #2050 out of 2203 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Zhejiangnhua Intelligent Controls Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiangnhua Intelligent Controls Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiangnhua Intelligent Controls Co ranks #2050 out of 2203 companies for Cyclically Adjusted PB Ratio. This places Zhejiangnhua Intelligent Controls Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.18. Zhejiangnhua Intelligent Controls Co's value of 11.85 is 443.6% above this benchmark. Historically, Zhejiangnhua Intelligent Controls Co's own Cyclically Adjusted PB Ratio has ranged from 4.93 to 16.61 over the past decade. While the company's 10-year median is 9.37 vs. the industry median of 2.18, Zhejiangnhua Intelligent Controls 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.18, based on 2,203 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. Zhejiangnhua Intelligent Controls Co's current Cyclically Adjusted PB Ratio of 11.85 is 443.6% 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 Zhejiangnhua Intelligent Controls Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiangnhua Intelligent Controls Co's current Cyclically Adjusted PB Ratio is 11.85, which is 26% above median its own 10-year median of 9.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiangnhua Intelligent Controls Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiangnhua Intelligent Controls Co (FRA:I19) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.36, compared to a current price of €3.08 — trading 30.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.85, which is 26% above median its 10-year median of 9.37 and 443.6% above the Industrial Products industry median of 2.18. Zhejiangnhua Intelligent Controls Co's overall GF Score™ is 76/100 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 Zhejiangnhua Intelligent Controls Co (FRA:I19), the current Cyclically Adjusted PB Ratio is 11.85 as of Aug. 19, 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 Zhejiangnhua Intelligent Controls Co (FRA:I19) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiangnhua Intelligent Controls Co stock appears to be overvalued. The current stock price of €3.08 is trading 30.5% above its estimated GF Value™ of €2.36. GuruFocus considers Zhejiangnhua Intelligent Controls Co to be Significantly Overvalued.

Key valuation signals for FRA:I19:

  • Cyclically Adjusted PB Ratio: 11.85 (26% above median its 10-year median of 9.37)
  • GF Value™: €2.36 vs. price of €3.08 (30.5% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 443.6% above the Industrial Products median (#2050 of 2203)

No single metric tells the full story. See the FRA:I19 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiangnhua Intelligent Controls Co Business Description

Other Exchanges 02050:Hong Kong002050:China
Address No. 219 Woxi Avenue, Chengtan Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312530
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture, and distribution of refrigeration and air-conditioning control component and automotive components business, which include four-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchangers. The products have applications in air conditioning, commercial refrigeration, heat pumps, and home appliances. The organization supplies its products in China and internationally.
76GF Score

Get the complete analysis for FRA:I19

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

€3.08
Price
€2.36
GF Value