South China Holdings Co (HKSE:00413) Cyclically Adjusted PB Ratio: 0.05 (As of Aug. 08, 2026) — 72% 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.

What is South China Holdings Co Cyclically Adjusted PB Ratio?

South China Holdings Co HKSE:00413 Cyclically Adjusted PB Ratio is 0.05 as of Aug. 08, 2026, which is 72% below its 10-year median of 0.18. The stock has 3 warning signs investors should review. Among 643 Travel & Leisure companies, South China Holdings Co ranks better than 97.98% on this metric.

As of today (2026-08-08), South China Holdings Co's current share price is HK$0.024. South China Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was HK$0.49. South China Holdings Co's Cyclically Adjusted PB Ratio for today is 0.05.

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

HKSE:00413' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.18   Max: 0.81
Current: 0.04

During the past 13 years, South China Holdings Co's highest Cyclically Adjusted PB Ratio was 0.81. The lowest was 0.04. And the median was 0.18.

HKSE:00413's Cyclically Adjusted PB Ratio is ranked better than
97.98% of 643 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs HKSE:00413: 0.04

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.

South China Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was HK$0.357. 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 HK$0.49 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


South China Holdings Co  (HKSE:00413) 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.


South China Holdings Co Cyclically Adjusted PB Ratio Related Terms


South China Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for South China Holdings 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.

South China Holdings Co Cyclically Adjusted PB Ratio Chart

South China Holdings 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 0.14 0.08 0.08 0.07 0.07

South China Holdings Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.08 0.00 0.07 0.00 0.07

HKSE:00413 vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, South China Holdings 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.


South China Holdings Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, South China Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where South China Holdings Co's Cyclically Adjusted PB Ratio falls into.



South China Holdings 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.

South China Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.024/0.49
=0.05

* 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.

South China Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, South China Holdings Co'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)
=0.357/120.7036*120.7036
=0.357

Current CPI (Dec25) = 120.7036.

South China Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201612 0.500 103.225 0.585
201712 0.436 104.984 0.501
201812 0.426 107.622 0.478
201912 0.461 110.700 0.503
202012 0.481 109.711 0.529
202112 0.504 112.349 0.541
202212 0.474 114.548 0.499
202312 0.461 117.296 0.474
202412 0.448 118.945 0.455
202512 0.357 120.704 0.357

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 0.05 mean?
South China Holdings Co (HKSE:00413) has a Cyclically Adjusted PB Ratio of 0.05 as of Aug. 08, 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 South China Holdings Co and its competitors. This is 72% below median its historical median of 0.18. Over the past decade, South China Holdings Co's Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.81. According to the industry distribution chart, South China Holdings Co ranks #13 out of 643 companies in the Travel & Leisure industry, placing it in the top 2%.
Is South China Holdings Co's Cyclically Adjusted PB Ratio too high?
South China Holdings Co's current Cyclically Adjusted PB Ratio of 0.05 is 72% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.81. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. South China Holdings Co's value of 0.05 is 95.8% below this industry median. Based on the distribution chart, South China Holdings Co ranks #13 out of 643 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers.
How does South China Holdings Co's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, South China Holdings Co ranks #13 out of 643 companies for Cyclically Adjusted PB Ratio. This places South China Holdings Co in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. South China Holdings Co's value of 0.05 is 95.8% below this benchmark. Historically, South China Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.81 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 1.20, South China Holdings 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 643 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. South China Holdings Co's current Cyclically Adjusted PB Ratio of 0.05 is 95.8% 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 South China Holdings Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South China Holdings Co's current Cyclically Adjusted PB Ratio is 0.05, which is 72% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South China Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, South China Holdings Co (HKSE:00413) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.02, compared to a current price of HK$0.02 — trading 20% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 72% below median its 10-year median of 0.18 and 95.8% below the Travel & Leisure industry median of 1.20. 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 South China Holdings Co (HKSE:00413), the current Cyclically Adjusted PB Ratio is 0.05 as of Aug. 08, 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.

South China Holdings Co Business Description

Address 1 Garden Road, 28th Floor, Bank of China Tower, Central, Hong Kong, HKG
South China Holdings Co Ltd is a trading and manufacturing company. The company operates its business through four segments, namely Trading and Manufacturing, Property investment and development, Agriculture and forestry, and the Others segment. Its business activities include trading and manufacturing toys, footwear, and leather products, as well as cultivating fruit trees and rearing livestock and aquatic products. It is also engaged in developing properties and investment holding with management functions. The majority of the company's revenues are derived from the Trading and Manufacturing segment. Its geographical segments are the United States of America, Europe, the PRC, including Hong Kong, Japan, and Others. It derives maximum revenue from the USA.