Ningbo Shanshan Co (FRA:OJ8) Cyclically Adjusted PB Ratio: 1.58 (As of Aug. 19, 2026) — 36% Below 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:OJ8 Ningbo Shanshan Co Ltd FRA:OJ8
80 GF Score
Price €15.00
GF Value €17.48
! 9 Warning Signs
View Full Analysis

What is Ningbo Shanshan Co Cyclically Adjusted PB Ratio?

Ningbo Shanshan Co FRA:OJ8 80 Cyclically Adjusted PB Ratio is 1.58 as of Aug. 19, 2026, which is 36% below its 10-year median of 2.48. GuruFocus rates FRA:OJ8 with a GF Score™ of 80/100 and a GF Value™ of €17.48. The stock has 9 warning signs investors should review. Among 1,181 Chemicals companies, Ningbo Shanshan Co ranks better than 55.63% on this metric.

As of today (2026-08-19), Ningbo Shanshan Co's current share price is €15.00. Ningbo Shanshan Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.52. Ningbo Shanshan Co's Cyclically Adjusted PB Ratio for today is 1.58.

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

FRA:OJ8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.48   Max: 7.74
Current: 1.39

During the past years, Ningbo Shanshan Co's highest Cyclically Adjusted PB Ratio was 7.74. The lowest was 0.80. And the median was 2.48.

FRA:OJ8's Cyclically Adjusted PB Ratio is ranked better than
55.63% of 1181 companies
in the Chemicals industry
Industry Median: 1.67 vs FRA:OJ8: 1.39

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.

Ningbo Shanshan Co's adjusted book value per share data for the three months ended in Mar. 2026 was €6.280. 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 €9.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ningbo Shanshan Co  (FRA:OJ8) 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.


Ningbo Shanshan Co Cyclically Adjusted PB Ratio Related Terms


Ningbo Shanshan Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ningbo Shanshan 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.

Ningbo Shanshan Co Cyclically Adjusted PB Ratio Chart

Ningbo Shanshan 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 5.85 2.86 1.93 0.97 1.63

Ningbo Shanshan 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 0.90 1.19 1.96 1.63 1.58

FRA:OJ8 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Ningbo Shanshan 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.


Ningbo Shanshan Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningbo Shanshan Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ningbo Shanshan Co's Cyclically Adjusted PB Ratio falls into.


FRA:OJ8
80GF Score
Ningbo Shanshan Co Ltd FRA:OJ8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Shanshan 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.

Ningbo Shanshan Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.00/9.52
=1.58

* 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.

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

For example, Ningbo Shanshan 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)
=6.28/116.3033*116.3033
=6.280

Current CPI (Mar. 2026) = 116.3033.

Ningbo Shanshan Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.425 101.400 3.928
201609 3.454 102.400 3.923
201612 3.426 102.600 3.884
201703 3.513 103.200 3.959
201706 3.491 103.100 3.938
201709 3.620 104.100 4.044
201712 4.107 104.500 4.571
201803 4.455 105.300 4.921
201806 4.241 104.900 4.702
201809 4.144 106.600 4.521
201812 4.199 106.500 4.586
201903 4.654 107.700 5.026
201906 4.575 107.700 4.940
201909 4.515 109.800 4.782
201912 4.659 111.200 4.873
202003 4.403 112.300 4.560
202006 4.402 110.400 4.637
202009 4.530 111.700 4.717
202012 4.790 111.500 4.996
202103 4.981 112.662 5.142
202106 5.100 111.769 5.307
202109 6.035 112.215 6.255
202112 6.137 113.108 6.310
202203 6.547 114.335 6.660
202206 6.652 114.558 6.753
202209 7.329 115.339 7.390
202212 6.894 115.116 6.965
202303 7.054 115.116 7.127
202306 6.617 114.558 6.718
202309 6.602 115.339 6.657
202312 6.446 114.781 6.531
202403 6.452 115.227 6.512
202406 6.266 114.781 6.349
202409 6.216 115.785 6.244
202412 6.281 114.893 6.358
202503 6.138 115.116 6.201
202506 5.866 114.907 5.937
202509 5.832 115.471 5.874
202512 5.919 115.832 5.943
202603 6.280 116.303 6.280

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 1.58 mean?
Ningbo Shanshan Co (FRA:OJ8) has a Cyclically Adjusted PB Ratio of 1.58 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 Ningbo Shanshan Co and its competitors. This is 36% below median its historical median of 2.48. Over the past decade, Ningbo Shanshan Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 7.74. According to the industry distribution chart, Ningbo Shanshan Co ranks #524 out of 1181 companies in the Chemicals industry, placing it in the top 44.4%.
Is Ningbo Shanshan Co's Cyclically Adjusted PB Ratio too high?
Ningbo Shanshan Co's current Cyclically Adjusted PB Ratio of 1.58 is 36% below median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 7.74. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Ningbo Shanshan Co's value of 1.58 is 5.4% below this industry median. Based on the distribution chart, Ningbo Shanshan Co ranks #524 out of 1181 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ningbo Shanshan Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shanshan Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Shanshan Co ranks #524 out of 1181 companies for Cyclically Adjusted PB Ratio. This puts Ningbo Shanshan Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Ningbo Shanshan Co's value of 1.58 is 5.4% below this benchmark. Historically, Ningbo Shanshan Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 7.74 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 1.67, Ningbo Shanshan Co 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,181 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. Ningbo Shanshan Co's current Cyclically Adjusted PB Ratio of 1.58 is 5.4% 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 Ningbo Shanshan Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shanshan Co's current Cyclically Adjusted PB Ratio is 1.58, which is 36% below median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shanshan Co stock overvalued right now?
Ningbo Shanshan Co (FRA:OJ8) has a current Cyclically Adjusted PB Ratio of 1.58. The stock's GF Value™ is €17.48, compared to a current price of €15.00 — trading 14.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.58, which is 36% below median its 10-year median of 2.48 and 5.4% below the Chemicals industry median of 1.67. Ningbo Shanshan Co's overall GF Score™ is 80/100 with 9 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 Ningbo Shanshan Co (FRA:OJ8), the current Cyclically Adjusted PB Ratio is 1.58 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 Ningbo Shanshan Co (FRA:OJ8) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Shanshan Co stock appears to be undervalued. The current stock price of €15.00 is trading 14.2% below its estimated GF Value™ of €17.48.

Key valuation signals for FRA:OJ8:

  • Cyclically Adjusted PB Ratio: 1.58 (36% below median its 10-year median of 2.48)
  • GF Value™: €17.48 vs. price of €15.00 (14.2% below fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 5.4% below the Chemicals median (#524 of 1181)

No single metric tells the full story. See the FRA:OJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ningbo Shanshan Co Business Description

Other Exchanges 600884:China
Address No. 777, Rili Middle Road, 28th Floor, Shanshan Building, Room 801, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100
Ningbo Shanshan Co Ltd is engaged in Research & Development, production and sales of lithium battery materials, LCD polarizer business, clothing brand operation, quasi-financial and venture capital business.
80GF Score

Get the complete analysis for FRA:OJ8

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

€15.00
Price
€17.48
GF Value