China Sunshine Paper Holdings Co. (HKSE:02002) Cyclically Adjusted PB Ratio: 0.23 (As of Aug. 21, 2026) — 58% Below Median

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HKSE:02002 China Sunshine Paper Holdings Co. Ltd HKSE:02002
64 GF Score
Price HK$0.95
GF Value HK$1.79
Valuation Possible Value Trap
! 7 Warning Signs
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What is China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio?

China Sunshine Paper Holdings Co. HKSE:02002 -4.52% 64 Cyclically Adjusted PB Ratio is 0.23 as of Aug. 21, 2026, which is 58% below its 10-year median of 0.55. GuruFocus rates HKSE:02002 with a GF Score™ of 64/100 and a GF Value™ of HK$1.79 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 228 Forest Products companies, China Sunshine Paper Holdings Co. ranks better than 84.21% on this metric.

As of today (2026-08-21), China Sunshine Paper Holdings Co.'s current share price is HK$0.95. China Sunshine Paper Holdings Co.'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was HK$4.18. China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio for today is 0.23.

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

HKSE:02002' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.55   Max: 1.03
Current: 0.24

During the past 13 years, China Sunshine Paper Holdings Co.'s highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.19. And the median was 0.55.

HKSE:02002's Cyclically Adjusted PB Ratio is ranked better than
84.21% of 228 companies
in the Forest Products industry
Industry Median: 0.73 vs HKSE:02002: 0.24

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.

China Sunshine Paper Holdings Co.'s adjusted book value per share data of for the fiscal year that ended in Dec25 was HK$5.020. 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$4.18 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Sunshine Paper Holdings Co.  (HKSE:02002) 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.


China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio Related Terms


China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Sunshine Paper 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.

China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio Chart

China Sunshine Paper 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 0.70 0.61 0.74 0.51 0.34

China Sunshine Paper 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 0.74 0.00 0.51 0.00 0.34

China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, China Sunshine Paper 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.


China Sunshine Paper Holdings Co. Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HKSE:02002
64GF Score
China Sunshine Paper Holdings Co. Ltd HKSE:02002
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Sunshine Paper 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.

China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.95/4.18
=0.23

* 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.

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

For example, China Sunshine Paper 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)
=5.02/115.8323*115.8323
=5.020

Current CPI (Dec25) = 115.8323.

China Sunshine Paper Holdings Co. Annual Data

Book Value per Share CPI Adj_Book
201612 2.258 102.600 2.549
201712 2.921 104.500 3.238
201812 3.188 106.500 3.467
201912 3.560 111.200 3.708
202012 4.512 111.500 4.687
202112 5.113 113.108 5.236
202212 4.484 115.116 4.512
202312 4.424 114.781 4.465
202412 4.864 114.893 4.904
202512 5.020 115.832 5.020

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 0.23 mean?
China Sunshine Paper Holdings Co. (HKSE:02002) has a Cyclically Adjusted PB Ratio of 0.23 as of Aug. 21, 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 China Sunshine Paper Holdings Co. and its competitors. This is 58% below median its historical median of 0.55. Over the past decade, China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.03. According to the industry distribution chart, China Sunshine Paper Holdings Co. ranks #36 out of 228 companies in the Forest Products industry, placing it in the top 15.8%.
Is China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio too high?
China Sunshine Paper Holdings Co.'s current Cyclically Adjusted PB Ratio of 0.23 is 58% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.03. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.73. China Sunshine Paper Holdings Co.'s value of 0.23 is 68.5% below this industry median. Based on the distribution chart, China Sunshine Paper Holdings Co. ranks #36 out of 228 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, China Sunshine Paper Holdings Co. has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Sunshine Paper Holdings Co.'s Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, China Sunshine Paper Holdings Co. ranks #36 out of 228 companies for Cyclically Adjusted PB Ratio. This places China Sunshine Paper Holdings Co. in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.73. China Sunshine Paper Holdings Co.'s value of 0.23 is 68.5% below this benchmark. Historically, China Sunshine Paper Holdings Co.'s own Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.03 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.73, China Sunshine Paper 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.73, based on 228 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. China Sunshine Paper Holdings Co.'s current Cyclically Adjusted PB Ratio of 0.23 is 68.5% 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 China Sunshine Paper Holdings Co. and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Sunshine Paper Holdings Co.'s current Cyclically Adjusted PB Ratio is 0.23, which is 58% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Sunshine Paper Holdings Co. stock overvalued right now?
Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. (HKSE:02002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.79, compared to a current price of HK$0.95 — trading 46.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.23, which is 58% below median its 10-year median of 0.55 and 68.5% below the Forest Products industry median of 0.73. China Sunshine Paper Holdings Co.'s overall GF Score™ is 64/100 with 7 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 China Sunshine Paper Holdings Co. (HKSE:02002), the current Cyclically Adjusted PB Ratio is 0.23 as of Aug. 21, 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 China Sunshine Paper Holdings Co. (HKSE:02002) Overvalued in 2026?

Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. stock appears to be undervalued. The current stock price of HK$0.95 is trading 46.9% below its estimated GF Value™ of HK$1.79. GuruFocus considers China Sunshine Paper Holdings Co. to be Possible Value Trap.

Key valuation signals for HKSE:02002:

  • Cyclically Adjusted PB Ratio: 0.23 (58% below median its 10-year median of 0.55)
  • GF Value™: HK$1.79 vs. price of HK$0.95 (46.9% below fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 68.5% below the Forest Products median (#36 of 228)

No single metric tells the full story. See the HKSE:02002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Sunshine Paper Holdings Co. Business Description

Address Changle Economic Development Zone, Shandong, Weifang, CHN, 262400
China Sunshine Paper Holdings Co. Ltd is principally engaged in the production & sale of paper products, electricity, & steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity & Steam segments. Key revenue is generated from Specialised Paper Products. The company offers products under three categories: Paper, which includes an Uncoated white top test liner, coated white top liner, core board base paper, medium, & specialty paper; Preprint products; & Carton products. Geographically, the company operates in the PRC & Overseas, in which the PRC generates the majority of its revenue.
64GF Score

Get the complete analysis for HKSE:02002

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

HK$0.95
Price
HK$1.79
GF Value