CNNC International (HKSE:02302) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

HKSE:02302 CNNC International Ltd HKSE:02302
86 GF Score
Price HK$3.46
GF Value HK$5.48
Valuation Significantly Undervalued
! 1 Warning Sign
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What is CNNC International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CNNC International  (HKSE:02302) 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.


CNNC International Cyclically Adjusted PB Ratio Related Terms


CNNC International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CNNC International'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.

CNNC International Cyclically Adjusted PB Ratio Chart

CNNC International 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 1.13 1.71 1.55 1.60 4.31

CNNC International Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 2.31 1.61 3.45 4.42 3.80

HKSE:02302 vs UEC, LEU: Cyclically Adjusted PB Ratio Comparison

For the Uranium subindustry, CNNC International'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.


CNNC International Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CNNC International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HKSE:02302
86GF Score
CNNC International Ltd HKSE:02302
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CNNC International 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.

CNNC International's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, CNNC International'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)
=1.776/120.7036*120.7036
=1.776

Current CPI (Dec25) = 120.7036.

CNNC International Annual Data

Book Value per Share CPI Adj_Book
201612 1.108 103.225 1.296
201712 1.116 104.984 1.283
201812 1.158 107.622 1.299
201912 0.685 110.700 0.747
202012 0.632 109.711 0.695
202112 0.684 112.349 0.735
202212 0.801 114.548 0.844
202312 0.941 117.296 0.968
202412 1.378 118.945 1.398
202512 1.776 120.704 1.776

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.

Is CNNC International (HKSE:02302) Overvalued in 2026?

Based on GuruFocus' analysis, CNNC International stock appears to be undervalued. The current stock price of HK$3.46 is trading 37% below its estimated GF Value™ of HK$5.48. GuruFocus considers CNNC International to be Significantly Undervalued.

Key valuation signals for HKSE:02302:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: HK$5.48 vs. price of HK$3.46 (37% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the HKSE:02302 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CNNC International Business Description

Other Exchanges U7MA:Germany
Address No. 26 Harbour Road, Unit 2906, 29th Floor, China Resources Building, Wanchai, HKG
CNNC International Ltd is a Hong Kong-based investment holding company principally engaged in the trading of natural uranium. The Company operates its business through two segments. The Trading of Mineral Property segment is principally engaged in the trading of uranium products. The Exploration and Selling of Mineral Property segment is principally engaged in the exploration and trading of uranium mineral properties. The company's main suppliers come from countries and regions such as the United States, Canada, Kazakhstan, and Hong Kong. Geographically, the firm generates the majority of its revenue from the PRC. The firm also generates some portion of its revenue from the United Kingdom, the Netherlands, the United States, Canada, Kazakhstan, and Germany.
86GF Score

Get the complete analysis for HKSE:02302

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

HK$3.46
Price
HK$5.48
GF Value