Liu Chong Hing Investment (FRA:LIW) Cyclically Adjusted PB Ratio: (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:LIW Liu Chong Hing Investment Ltd FRA:LIW
66 GF Score
Price €0.46
GF Value €0.53
! 6 Warning Signs
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What is Liu Chong Hing Investment Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liu Chong Hing Investment  (FRA:LIW) 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.


Liu Chong Hing Investment Cyclically Adjusted PB Ratio Related Terms


Liu Chong Hing Investment Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Liu Chong Hing Investment'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.

Liu Chong Hing Investment Cyclically Adjusted PB Ratio Chart

Liu Chong Hing Investment 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 0.24 0.22 0.16 0.12 0.13

Liu Chong Hing Investment 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 0.00 0.12 0.00 0.13 0.00

Liu Chong Hing Investment Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Liu Chong Hing Investment'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.


Liu Chong Hing Investment Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Liu Chong Hing Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Liu Chong Hing Investment's Cyclically Adjusted PB Ratio falls into.


FRA:LIW
66GF Score
Liu Chong Hing Investment Ltd FRA:LIW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liu Chong Hing Investment 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.

Liu Chong Hing Investment's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Liu Chong Hing Investment'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)
=3.064/120.7036*120.7036
=3.064

Current CPI (Dec25) = 120.7036.

Liu Chong Hing Investment Annual Data

Book Value per Share CPI Adj_Book
201612 3.526 103.225 4.123
201712 3.371 104.984 3.876
201812 3.662 107.622 4.107
201912 3.775 110.700 4.116
202012 3.523 109.711 3.876
202112 3.941 112.349 4.234
202212 4.035 114.548 4.252
202312 3.587 117.296 3.691
202412 3.409 118.945 3.459
202512 3.064 120.704 3.064

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 Liu Chong Hing Investment (FRA:LIW) Overvalued in 2026?

Based on GuruFocus' analysis, Liu Chong Hing Investment stock appears to be undervalued. The current stock price of €0.46 is trading 13.7% below its estimated GF Value™ of €0.53.

Key valuation signals for FRA:LIW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.53 vs. price of €0.46 (13.7% below fair value)
  • GF Score™: 66/100 with 6 warning signs

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


Liu Chong Hing Investment Business Description

Other Exchanges 00194:Hong Kong
Address 24 Des Voeux Road Central, 23rd Floor, Chong Hing Bank Centre, Hong Kong, HKG
Liu Chong Hing Investment Ltd principal activities of the Company are property investment and investment holding. It has six operating segments the Property investment includes investment and letting of properties; Property development includes development and sale of properties; Property management includes provision of property management services; Treasury investment includes dealings and investments in securities and other financial instruments; Trading and manufacturing includes manufacture and sale of magnetic products; and Hotel operation includes management and operation of hotel and food & beverage business. The company generates majority of revenue from Property development segment.
66GF Score

Get the complete analysis for FRA:LIW

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

€0.46
Price
€0.53
GF Value