Shanghai Electric Group Co (FRA:USR) Cyclically Adjusted PB Ratio: 1.79 (As of Jul. 22, 2026) — 12% Above Median

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FRA:USR Shanghai Electric Group Co Ltd FRA:USR
73 GF Score
Price €0.36
GF Value €0.43
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shanghai Electric Group Co Cyclically Adjusted PB Ratio?

Shanghai Electric Group Co FRA:USR +3.70% 73 Cyclically Adjusted PB Ratio is 1.79 as of Jul. 22, 2026, which is 12% above its 10-year median of 1.60. GuruFocus rates FRA:USR with a GF Score™ of 73/100 and a GF Value™ of €0.43 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,286 Industrial Products companies, Shanghai Electric Group Co ranks better than 59.62% on this metric.

As of today (2026-07-22), Shanghai Electric Group Co's current share price is €0.3588. Shanghai Electric Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.20. Shanghai Electric Group Co's Cyclically Adjusted PB Ratio for today is 1.79.

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

FRA:USR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.6   Max: 3.23
Current: 1.63

During the past years, Shanghai Electric Group Co's highest Cyclically Adjusted PB Ratio was 3.23. The lowest was 0.93. And the median was 1.60.

FRA:USR's Cyclically Adjusted PB Ratio is ranked better than
59.62% of 2286 companies
in the Industrial Products industry
Industry Median: 2.115 vs FRA:USR: 1.63

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.

Shanghai Electric Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was €0.443. 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 €0.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Electric Group Co  (FRA:USR) 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.


Shanghai Electric Group Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Electric Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Electric Group 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.

Shanghai Electric Group Co Cyclically Adjusted PB Ratio Chart

Shanghai Electric Group 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 1.34 1.05 1.09 2.10 2.21

Shanghai Electric Group 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 1.98 1.91 2.43 2.21 2.03

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

For the Specialty Industrial Machinery subindustry, Shanghai Electric Group 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.


Shanghai Electric Group Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Electric Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Electric Group Co's Cyclically Adjusted PB Ratio falls into.


FRA:USR
73GF Score
Shanghai Electric Group Co Ltd FRA:USR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Electric Group 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.

Shanghai Electric Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.3588/0.20
=1.79

* 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.

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

For example, Shanghai Electric Group 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)
=0.443/116.3033*116.3033
=0.443

Current CPI (Mar. 2026) = 116.3033.

Shanghai Electric Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.430 101.400 0.493
201609 0.443 102.400 0.503
201612 0.489 102.600 0.554
201703 0.461 103.200 0.520
201706 0.453 103.100 0.511
201709 0.469 104.100 0.524
201712 0.487 104.500 0.542
201803 0.492 105.300 0.543
201806 0.507 104.900 0.562
201809 0.483 106.600 0.527
201812 0.497 106.500 0.543
201903 0.520 107.700 0.562
201906 0.519 107.700 0.560
201909 0.519 109.800 0.550
201912 0.536 111.200 0.561
202003 0.540 112.300 0.559
202006 0.538 110.400 0.567
202009 0.533 111.700 0.555
202012 0.550 111.500 0.574
202103 0.575 112.662 0.594
202106 0.523 111.769 0.544
202109 0.538 112.215 0.558
202112 0.514 113.108 0.529
202203 0.534 114.335 0.543
202206 0.520 114.558 0.528
202209 0.525 115.339 0.529
202212 0.477 115.116 0.482
202303 0.480 115.116 0.485
202306 0.439 114.558 0.446
202309 0.439 115.339 0.443
202312 0.459 114.781 0.465
202403 0.432 115.227 0.436
202406 0.439 114.781 0.445
202409 0.438 115.785 0.440
202412 0.448 114.893 0.454
202503 0.439 115.116 0.444
202506 0.419 114.907 0.424
202509 0.416 115.471 0.419
202512 0.427 115.832 0.429
202603 0.443 116.303 0.443

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 1.79 mean?
Shanghai Electric Group Co (FRA:USR) has a Cyclically Adjusted PB Ratio of 1.79 as of Jul. 22, 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 Shanghai Electric Group Co and its competitors. This is 12% above median its historical median of 1.60. Over the past decade, Shanghai Electric Group Co's Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.23. According to the industry distribution chart, Shanghai Electric Group Co ranks #923 out of 2286 companies in the Industrial Products industry, placing it in the top 40.4%.
Is Shanghai Electric Group Co's Cyclically Adjusted PB Ratio too high?
Shanghai Electric Group Co's current Cyclically Adjusted PB Ratio of 1.79 is 12% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.23. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Shanghai Electric Group Co's value of 1.79 is 15.4% below this industry median. Based on the distribution chart, Shanghai Electric Group Co ranks #923 out of 2286 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shanghai Electric Group Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Electric Group Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shanghai Electric Group Co ranks #923 out of 2286 companies for Cyclically Adjusted PB Ratio. This puts Shanghai Electric Group Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Shanghai Electric Group Co's value of 1.79 is 15.4% below this benchmark. Historically, Shanghai Electric Group Co's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 3.23 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 2.12, Shanghai Electric Group 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,286 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. Shanghai Electric Group Co's current Cyclically Adjusted PB Ratio of 1.79 is 15.4% 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 Shanghai Electric Group Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Electric Group Co's current Cyclically Adjusted PB Ratio is 1.79, which is 12% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Electric Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Electric Group Co (FRA:USR) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.43, compared to a current price of €0.36 — trading 16.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is 12% above median its 10-year median of 1.60 and 15.4% below the Industrial Products industry median of 2.12. Shanghai Electric Group Co's overall GF Score™ is 73/100 with 4 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 Shanghai Electric Group Co (FRA:USR), the current Cyclically Adjusted PB Ratio is 1.79 as of Jul. 22, 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 Shanghai Electric Group Co (FRA:USR) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Electric Group Co stock appears to be undervalued. The current stock price of €0.36 is trading 16.6% below its estimated GF Value™ of €0.43. GuruFocus considers Shanghai Electric Group Co to be Modestly Undervalued.

Key valuation signals for FRA:USR:

  • Cyclically Adjusted PB Ratio: 1.79 (12% above median its 10-year median of 1.60)
  • GF Value™: €0.43 vs. price of €0.36 (16.6% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 15.4% below the Industrial Products median (#923 of 2286)

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


Shanghai Electric Group Co Business Description

Address No. 110 Sichuan Middle Road, Huangpu District, Shanghai, CHN, 200002
Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment, that designs, manufacture and sales of nuclear power equipment, energy storage equipment, coal-fired power generation and auxiliary equipment, gas power generation equipment, wind power equipment, hydrogen equipment, photovoltaic equipment and high-end chemical equipment; provision of power grid and Others.
73GF Score

Get the complete analysis for FRA:USR

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

€0.36
Price
€0.43
GF Value