Gulf Resources (FRA:R29) Cyclically Adjusted PB Ratio: 0.02 (As of Aug. 14, 2026) — 82% Below Median

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FRA:R29 Gulf Resources Inc FRA:R29
53 GF Score
Price €4.16
GF Value €7.89
! 3 Warning Signs
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What is Gulf Resources Cyclically Adjusted PB Ratio?

Gulf Resources FRA:R29 53 Cyclically Adjusted PB Ratio is 0.02 as of Aug. 14, 2026, which is 82% below its 10-year median of 0.11. GuruFocus rates FRA:R29 with a GF Score™ of 53/100 and a GF Value™ of €7.89. The stock has 3 warning signs investors should review. Among 1,210 Chemicals companies, Gulf Resources ranks better than 99.92% on this metric.

As of today (2026-08-14), Gulf Resources's current share price is €4.16. Gulf Resources's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was €249.75. Gulf Resources's Cyclically Adjusted PB Ratio for today is 0.02.

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

FRA:R29' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.11   Max: 0.41
Current: 0.01

During the past years, Gulf Resources's highest Cyclically Adjusted PB Ratio was 0.41. The lowest was 0.01. And the median was 0.11.

FRA:R29's Cyclically Adjusted PB Ratio is ranked better than
99.92% of 1210 companies
in the Chemicals industry
Industry Median: 1.65 vs FRA:R29: 0.01

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.

Gulf Resources's adjusted book value per share data for the three months ended in Sep. 2025 was €67.620. 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 €249.75 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Resources  (FRA:R29) 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.


Gulf Resources Cyclically Adjusted PB Ratio Related Terms


Gulf Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Resources'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.

Gulf Resources Cyclically Adjusted PB Ratio Chart

Gulf Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.11 0.08 0.05 0.02

Gulf Resources Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.03 0.02 0.02 0.02 0.02

FRA:R29 vs CNEY, GLGI, BGLC: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Gulf Resources'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.


Gulf Resources Cyclically Adjusted PB Ratio vs Chemicals Industry

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

* The bar in red indicates where Gulf Resources's Cyclically Adjusted PB Ratio falls into.


FRA:R29
53GF Score
Gulf Resources Inc FRA:R29
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Resources 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.

Gulf Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.16/249.75
=0.02

* 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.

Gulf Resources's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Gulf Resources's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=67.62/115.4714*115.4714
=67.620

Current CPI (Sep. 2025) = 115.4714.

Gulf Resources Quarterly Data

Book Value per Share CPI Adj_Book
201512 337.376 100.600 387.249
201603 338.192 102.200 382.109
201606 338.510 101.400 385.485
201609 340.614 102.400 384.094
201612 353.941 102.600 398.344
201703 359.199 103.200 401.911
201706 361.896 103.100 405.321
201709 352.127 104.100 390.592
201712 344.827 104.500 381.030
201803 334.045 105.300 366.312
201806 329.351 104.900 362.542
201809 303.340 106.600 328.584
201812 275.958 106.500 299.204
201903 278.461 107.700 298.554
201906 267.584 107.700 286.892
201909 253.824 109.800 266.935
201912 248.735 111.200 258.289
202003 242.460 112.300 249.307
202006 236.019 110.400 246.861
202009 223.785 111.700 231.341
202012 227.714 111.500 235.825
202103 228.763 112.662 234.469
202106 220.463 111.769 227.766
202109 229.121 112.215 235.769
202112 242.288 113.108 247.351
202203 249.824 114.335 252.308
202206 248.993 114.558 250.979
202209 259.121 115.339 259.419
202212 245.836 115.116 246.596
202303 246.118 115.116 246.879
202306 230.309 114.558 232.146
202309 234.225 115.339 234.494
202312 175.407 114.781 176.462
202403 172.221 115.227 172.586
202406 144.514 114.781 145.383
202409 139.831 115.785 139.453
202412 127.903 114.893 128.547
202503 98.795 115.116 99.100
202506 92.360 114.907 92.813
202509 67.620 115.471 67.620

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 0.02 mean?
Gulf Resources (FRA:R29) has a Cyclically Adjusted PB Ratio of 0.02 as of Aug. 14, 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 Gulf Resources and its competitors. This is 82% below median its historical median of 0.11. Over the past decade, Gulf Resources' Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.41. According to the industry distribution chart, Gulf Resources ranks #1 out of 1210 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Gulf Resources' Cyclically Adjusted PB Ratio too high?
Gulf Resources' current Cyclically Adjusted PB Ratio of 0.02 is 82% below median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.41. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. Gulf Resources' value of 0.02 is 98.8% below this industry median. Based on the distribution chart, Gulf Resources ranks #1 out of 1210 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Gulf Resources has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Resources' Cyclically Adjusted PB Ratio compare to CNEY and GLGI?
According to the Chemicals industry distribution chart, Gulf Resources ranks #1 out of 1210 companies for Cyclically Adjusted PB Ratio. This places Gulf Resources in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.65. Gulf Resources' value of 0.02 is 98.8% below this benchmark. Historically, Gulf Resources' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.41 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 1.65, Gulf Resources 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 1.65, based on 1,210 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. Gulf Resources's current Cyclically Adjusted PB Ratio of 0.02 is 98.8% 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 Gulf Resources and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Resources's current Cyclically Adjusted PB Ratio is 0.02, which is 82% below 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 Gulf Resources stock overvalued right now?
Gulf Resources (FRA:R29) has a current Cyclically Adjusted PB Ratio of 0.02. The stock's GF Value™ is €7.89, compared to a current price of €4.16 — trading 47.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.02, which is 82% below median its 10-year median of 0.11 and 98.8% below the Chemicals industry median of 1.65. Gulf Resources' overall GF Score™ is 53/100 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 Gulf Resources (FRA:R29), the current Cyclically Adjusted PB Ratio is 0.02 as of Aug. 14, 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 Gulf Resources (FRA:R29) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Resources stock appears to be undervalued. The current stock price of €4.16 is trading 47.3% below its estimated GF Value™ of €7.89.

Key valuation signals for FRA:R29:

  • Cyclically Adjusted PB Ratio: 0.02 (82% below median its 10-year median of 0.11)
  • GF Value™: €7.89 vs. price of €4.16 (47.3% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 98.8% below the Chemicals median (#1 of 1210)

No single metric tells the full story. See the FRA:R29 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gulf Resources Business Description

Other Exchanges GURE:USA
Address Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700
Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants.
53GF Score

Get the complete analysis for FRA:R29

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

€4.16
Price
€7.89
GF Value