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Irico Group New Energy CoHKSE:00438 +10.00%49 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 08, 2026, which is 88% below its 10-year median of 1.56. GuruFocus rates HKSE:00438 with a GF Score™ of 49/100 and a GF Value™ of HK$2.80 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 731 Semiconductors companies, Irico Group New Energy Co ranks better than 97.4% on this metric.
The historical rank and industry rank for Irico Group New Energy Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
HKSE:00438'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.56 Max: 12.72
Current: 0.19
During the past 13 years, Irico Group New Energy Co's highest Cyclically Adjusted PB Ratio was 12.72. The lowest was 0.17. And the median was 1.56.
HKSE:00438's Cyclically Adjusted PB Ratio is ranked better than 97.4% of 731
companies
in the Semiconductors industry
Industry Median: 3.14
vs HKSE:00438: 0.19
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.
Irico Group New Energy Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was HK$5.274. 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$6.91 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Irico Group New Energy Co (HKSE:00438) 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.
Irico Group New Energy Co Cyclically Adjusted PB Ratio Related Terms
Irico Group New Energy Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Irico Group New Energy 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.
Irico Group New Energy Co Cyclically Adjusted PB Ratio Chart
HKSE:00438 vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison
For the Solar subindustry, Irico Group New Energy 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.
Irico Group New Energy Co Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Irico Group New Energy Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Irico Group New Energy Co's Cyclically Adjusted PB Ratio falls into.
Irico Group New Energy 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.
* 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.
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 0.19 mean?
Irico Group New Energy Co (HKSE:00438) has a Cyclically Adjusted PB Ratio of 0.19 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 Irico Group New Energy Co and its competitors. This is 88% below median its historical median of 1.56. Over the past decade, Irico Group New Energy Co's Cyclically Adjusted PB Ratio has ranged from 0.17 to 12.72. According to the industry distribution chart, Irico Group New Energy Co ranks #19 out of 731 companies in the Semiconductors industry, placing it in the top 2.6%.
Is Irico Group New Energy Co's Cyclically Adjusted PB Ratio too high?
Irico Group New Energy Co's current Cyclically Adjusted PB Ratio of 0.19 is 88% below median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 12.72. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.14. Irico Group New Energy Co's value of 0.19 is 93.9% below this industry median. Based on the distribution chart, Irico Group New Energy Co ranks #19 out of 731 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Irico Group New Energy Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Irico Group New Energy Co's Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Irico Group New Energy Co ranks #19 out of 731 companies for Cyclically Adjusted PB Ratio. This places Irico Group New Energy Co in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.14. Irico Group New Energy Co's value of 0.19 is 93.9% below this benchmark. Historically, Irico Group New Energy Co's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 12.72 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 3.14, Irico Group New Energy 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.14, based on 731 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. Irico Group New Energy Co's current Cyclically Adjusted PB Ratio of 0.19 is 93.9% 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 Irico Group New Energy Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Irico Group New Energy Co's current Cyclically Adjusted PB Ratio is 0.19, which is 88% below median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irico Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Irico Group New Energy Co (HKSE:00438) is currently considered Possible Value Trap. The stock's GF Value™ is HK$2.80, compared to a current price of HK$1.32 — trading 52.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 88% below median its 10-year median of 1.56 and 93.9% below the Semiconductors industry median of 3.14. Irico Group New Energy Co's overall GF Score™ is 49/100 with 6 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 Irico Group New Energy Co (HKSE:00438), the current Cyclically Adjusted PB Ratio is 0.19 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.
Is Irico Group New Energy Co (HKSE:00438) Overvalued in 2026?
Based on GuruFocus' analysis, Irico Group New Energy Co stock appears to be undervalued.
The current stock price of HK$1.32 is trading 52.9% below its estimated GF Value™ of HK$2.80.
GuruFocus considers Irico Group New Energy Co to be Possible Value Trap.
Key valuation signals for HKSE:00438:
Cyclically Adjusted PB Ratio: 0.19 (88% below median its 10-year median of 1.56)
GF Value™: HK$2.80 vs. price of HK$1.32 (52.9% below fair value)
Industry Position: 93.9% below the Semiconductors median (#19 of 731)
No single metric tells the full story. See the HKSE:00438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. Along with its subsidiaries, it produces and sells solar photovoltaic glass, solar photovoltaic modules, and back glass, which is applied to solar cell module packaging. Its geographical segments are: The People's Republic of China (excluding Hong Kong), and Other countries, of which the majority of the revenue comes from China.
49GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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