Jiangsu Lopal Tech Group Co (HKSE:02465) Cyclically Adjusted PB Ratio: 4.55 (As of Sep. 13, 2026) — 16% Above 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.

HKSE:02465 Jiangsu Lopal Tech Group Co Ltd HKSE:02465
57 GF Score
Price HK$8.82
GF Value HK$5.57
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Jiangsu Lopal Tech Group Co Cyclically Adjusted PB Ratio?

Jiangsu Lopal Tech Group Co HKSE:02465 -2.11% 57 Cyclically Adjusted PB Ratio is 4.55 as of Sep. 13, 2026, which is 16% above its 10-year median of 3.91. GuruFocus rates HKSE:02465 with a GF Score™ of 57/100 and a GF Value™ of HK$5.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,099 Chemicals companies, Jiangsu Lopal Tech Group Co ranks worse than 80.16% on this metric.

As of today (2026-09-13), Jiangsu Lopal Tech Group Co's current share price is HK$8.82. Jiangsu Lopal Tech Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was HK$1.94. Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio for today is 4.55.

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

HKSE:02465' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17   Med: 3.91   Max: 7.44
Current: 3.84

During the past years, Jiangsu Lopal Tech Group Co's highest Cyclically Adjusted PB Ratio was 7.44. The lowest was 2.17. And the median was 3.91.

HKSE:02465's Cyclically Adjusted PB Ratio is ranked worse than
80.16% of 1099 companies
in the Chemicals industry
Industry Median: 1.67 vs HKSE:02465: 3.84

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.

Jiangsu Lopal Tech Group Co's adjusted book value per share data for the three months ended in Jun. 2026 was HK$7.576. 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$1.94 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangsu Lopal Tech Group Co  (HKSE:02465) 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.


Jiangsu Lopal Tech Group Co Cyclically Adjusted PB Ratio Related Terms


Jiangsu Lopal Tech Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jiangsu Lopal Tech 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.

Jiangsu Lopal Tech Group Co Cyclically Adjusted PB Ratio Chart

Jiangsu Lopal Tech 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 0.00 0.00 0.00 2.46 4.49

Jiangsu Lopal Tech Group Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 3.71 3.92 4.49 5.04 5.81

HKSE:02465 vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Jiangsu Lopal Tech 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.


Jiangsu Lopal Tech Group Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio falls into.


HKSE:02465
57GF Score
Jiangsu Lopal Tech Group Co Ltd HKSE:02465
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Lopal Tech 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.

Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.82/1.94
=4.55

* 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.

Jiangsu Lopal Tech Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Jiangsu Lopal Tech Group Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.576/116.0564*116.0564
=7.576

Current CPI (Jun. 2026) = 116.0564.

Jiangsu Lopal Tech Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 102.400 0.000
201612 2.304 102.600 2.606
201703 3.031 103.200 3.409
201706 3.129 103.100 3.522
201709 3.305 104.100 3.685
201712 3.353 104.500 3.724
201803 3.626 105.300 3.996
201806 3.550 104.900 3.928
201809 3.366 106.600 3.665
201812 3.328 106.500 3.627
201903 3.534 107.700 3.808
201906 3.414 107.700 3.679
201909 3.432 109.800 3.628
201912 3.558 111.200 3.713
202003 3.607 112.300 3.728
202006 3.657 110.400 3.844
202009 3.793 111.700 3.941
202012 4.731 111.500 4.924
202103 4.914 112.662 5.062
202106 5.063 111.769 5.257
202109 5.175 112.215 5.352
202112 5.065 113.108 5.197
202203 4.821 114.335 4.894
202206 9.375 114.558 9.498
202209 9.284 115.339 9.342
202212 9.333 115.116 9.409
202303 8.999 115.116 9.073
202306 7.826 114.558 7.928
202309 7.527 115.339 7.574
202312 6.682 114.781 6.756
202403 6.389 115.227 6.435
202406 5.787 114.781 5.851
202409 4.889 115.785 4.900
202412 5.088 114.893 5.140
202503 4.472 115.116 4.509
202506 4.947 114.907 4.996
202509 4.772 115.471 4.796
202512 4.560 115.832 4.569
202603 4.442 116.303 4.433
202606 7.576 116.056 7.576

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 4.55 mean?
Jiangsu Lopal Tech Group Co (HKSE:02465) has a Cyclically Adjusted PB Ratio of 4.55 as of Sep. 13, 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 Jiangsu Lopal Tech Group Co and its competitors. This is 16% above median its historical median of 3.91. Over the past decade, Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio has ranged from 2.17 to 7.44. According to the industry distribution chart, Jiangsu Lopal Tech Group Co ranks #881 out of 1099 companies in the Chemicals industry, placing it in the top 80.2%.
Is Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio too high?
Jiangsu Lopal Tech Group Co's current Cyclically Adjusted PB Ratio of 4.55 is 16% above median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 7.44. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Jiangsu Lopal Tech Group Co's value of 4.55 is 172.5% above this industry median. Based on the distribution chart, Jiangsu Lopal Tech Group Co ranks #881 out of 1099 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Jiangsu Lopal Tech Group Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Lopal Tech Group Co's Cyclically Adjusted PB Ratio compare to MPC and VLO?
According to the Chemicals industry distribution chart, Jiangsu Lopal Tech Group Co ranks #881 out of 1099 companies for Cyclically Adjusted PB Ratio. This places Jiangsu Lopal Tech Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Jiangsu Lopal Tech Group Co's value of 4.55 is 172.5% above this benchmark. Historically, Jiangsu Lopal Tech Group Co's own Cyclically Adjusted PB Ratio has ranged from 2.17 to 7.44 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 1.67, Jiangsu Lopal Tech Group Co has consistently been above 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,099 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. Jiangsu Lopal Tech Group Co's current Cyclically Adjusted PB Ratio of 4.55 is 172.5% above 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 Jiangsu Lopal Tech Group Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Lopal Tech Group Co's current Cyclically Adjusted PB Ratio is 4.55, which is 16% above median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Lopal Tech Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Lopal Tech Group Co (HKSE:02465) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$5.57, compared to a current price of HK$8.82 — trading 58.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.55, which is 16% above median its 10-year median of 3.91 and 172.5% above the Chemicals industry median of 1.67. Jiangsu Lopal Tech Group Co's overall GF Score™ is 57/100 with 9 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 Jiangsu Lopal Tech Group Co (HKSE:02465), the current Cyclically Adjusted PB Ratio is 4.55 as of Sep. 13, 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 Jiangsu Lopal Tech Group Co (HKSE:02465) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Lopal Tech Group Co stock appears to be overvalued. The current stock price of HK$8.82 is trading 58.3% above its estimated GF Value™ of HK$5.57. GuruFocus considers Jiangsu Lopal Tech Group Co to be Significantly Overvalued.

Key valuation signals for HKSE:02465:

  • Cyclically Adjusted PB Ratio: 4.55 (16% above median its 10-year median of 3.91)
  • GF Value™: HK$5.57 vs. price of HK$8.82 (58.3% above fair value)
  • GF Score™: 57/100 with 9 warning signs
  • Industry Position: 172.5% above the Chemicals median (#881 of 1099)

No single metric tells the full story. See the HKSE:02465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Lopal Tech Group Co Business Description

Other Exchanges 603906:China
Address No. 6 Hengtong Avenue, Nanjing Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210038
Jiangsu Lopal Tech Group Co Ltd and its subsidiaries are principally engaged in the production and sale of lithium iron phosphate (LFP) cathode materials and automotive specialty chemicals. Its product offerings mainly include lithium cathode materials used in new energy vehicles and energy storage products; and automotive and industrial lubricants, diesel engine exhaust treatment fluids, coolants, and a variety of automotive maintenance products, marketed under Lopal, Kelas, and Teec brands. The Group's operating segments are: Sale of LFP cathode materials, which generate maximum revenue, Processing of lithium carbonate and raw materials, Sale of automotive specialty chemicals, and Other businesses.
57GF Score

Get the complete analysis for HKSE:02465

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

HK$8.82
Price
HK$5.57
GF Value