China Boton Group Co (HKSE:03318) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:03318 China Boton Group Co Ltd HKSE:03318
38 GF Score
Price HK$3.20
GF Value HK$1.60
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is China Boton Group Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Boton Group Co  (HKSE:03318) 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 Boton Group Co Cyclically Adjusted PB Ratio Related Terms


China Boton Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Boton 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.

China Boton Group Co Cyclically Adjusted PB Ratio Chart

China Boton 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 1.41 0.90 0.36 0.44 0.52

China Boton Group Co 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 0.67 0.44 0.52 0.52 0.83

HKSE:03318 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, China Boton 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.


China Boton Group Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


HKSE:03318
38GF Score
China Boton Group Co Ltd HKSE:03318
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Boton 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.

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

For example, China Boton Group 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)
=2.466/120.7036*120.7036
=2.466

Current CPI (Dec25) = 120.7036.

China Boton Group Co Annual Data

Book Value per Share CPI Adj_Book
201612 2.457 103.225 2.873
201712 2.954 104.984 3.396
201812 2.941 107.622 3.298
201912 2.962 110.700 3.230
202012 3.226 109.711 3.549
202112 3.588 112.349 3.855
202212 3.390 114.548 3.572
202312 3.440 117.296 3.540
202412 3.359 118.945 3.409
202512 2.466 120.704 2.466

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 China Boton Group Co (HKSE:03318) Overvalued in 2026?

Based on GuruFocus' analysis, China Boton Group Co stock appears to be overvalued. The current stock price of HK$3.20 is trading 100% above its estimated GF Value™ of HK$1.60. GuruFocus considers China Boton Group Co to be Significantly Overvalued.

Key valuation signals for HKSE:03318:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: HK$1.60 vs. price of HK$3.20 (100% above fair value)
  • GF Score™: 38/100 with 10 warning signs

No single metric tells the full story. See the HKSE:03318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Boton Group Co Business Description

Address 368 Kwun Tong Road, Flat A-B, 37/F Boton Technology Innovation Tower, Kowloon, HKG
China Boton Group Co Ltd is an investment holding company engaged in the manufacture and sale of flavors, fragrances, and healthcare products. The company operates its business through five business segments. The Flavor Enhancers segment is engaged in the development and sale of fragrance enhancer products. The Food Flavors segment is engaged in the production and sale of food flavors. The Fine Fragrances segment is engaged in the production and sale of fine fragrances. The e-Cigarette products segment comprises disposable e-Cigarettes and rechargeable e-Cigarettes and their accessories. The Investment Properties segment is engaged in real estate leasing. Its geographical segments are the PRC, Europe, the United States, Asia, and Others, of which prime revenue is derived from the PRC.
38GF Score

Get the complete analysis for HKSE:03318

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

HK$3.20
Price
HK$1.60
GF Value