JinkoSolar Holding Co (LTS:0JOX) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

LTS:0JOX JinkoSolar Holding Co Ltd LTS:0JOX
68 GF Score
Price $10.50
GF Value $15.97
Valuation Possible Value Trap
! 8 Warning Signs
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What is JinkoSolar Holding Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JinkoSolar Holding Co  (LTS:0JOX) 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.


JinkoSolar Holding Co Cyclically Adjusted PB Ratio Related Terms


JinkoSolar Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JinkoSolar Holding 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.

JinkoSolar Holding Co Cyclically Adjusted PB Ratio Chart

JinkoSolar Holding 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 1.55 1.12 0.85 0.49 0.46

JinkoSolar Holding 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 0.39 0.43 0.47 0.43 0.28

LTS:0JOX vs ARRY, CSIQ, SHLS: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, JinkoSolar Holding 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.


JinkoSolar Holding Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, JinkoSolar Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where JinkoSolar Holding Co's Cyclically Adjusted PB Ratio falls into.


LTS:0JOX
68GF Score
JinkoSolar Holding Co Ltd LTS:0JOX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JinkoSolar Holding 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.

JinkoSolar Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, JinkoSolar Holding 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)
=84.54/116.0564*116.0564
=84.540

Current CPI (Jun. 2026) = 116.0564.

JinkoSolar Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 24.913 102.400 28.235
201612 29.340 102.600 33.188
201703 29.645 103.200 33.338
201706 30.016 103.100 33.788
201709 30.636 104.100 34.155
201712 31.093 104.500 34.531
201803 29.803 105.300 32.847
201806 30.057 104.900 33.254
201809 30.553 106.600 33.263
201812 31.399 106.500 34.216
201903 32.199 107.700 34.697
201906 32.187 107.700 34.684
201909 35.455 109.800 37.475
201912 39.927 111.200 41.671
202003 40.200 112.300 41.545
202006 43.725 110.400 45.965
202009 39.932 111.700 41.489
202012 41.736 111.500 43.442
202103 43.921 112.662 45.244
202106 44.959 111.769 46.684
202109 45.689 112.215 47.253
202112 46.990 113.108 48.215
202203 78.967 114.335 80.156
202206 73.908 114.558 74.875
202209 72.734 115.339 73.187
202212 77.231 115.116 77.862
202303 83.246 115.116 83.926
202306 84.253 114.558 85.355
202309 87.847 115.339 88.394
202312 90.685 114.781 91.693
202403 93.105 115.227 93.775
202406 89.295 114.781 90.287
202409 92.133 115.785 92.349
202412 91.292 114.893 92.217
202503 86.986 115.116 87.697
202506 82.529 114.907 83.354
202509 84.180 115.471 84.606
202512 75.354 115.832 75.500
202603 86.843 116.303 86.659
202606 84.540 116.056 84.540

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 JinkoSolar Holding Co (LTS:0JOX) Overvalued in 2026?

Based on GuruFocus' analysis, JinkoSolar Holding Co stock appears to be undervalued. The current stock price of $10.50 is trading 34.3% below its estimated GF Value™ of $15.97. GuruFocus considers JinkoSolar Holding Co to be Possible Value Trap.

Key valuation signals for LTS:0JOX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $15.97 vs. price of $10.50 (34.3% below fair value)
  • GF Score™: 68/100 with 8 warning signs

No single metric tells the full story. See the LTS:0JOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JinkoSolar Holding Co Business Description

Address 1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), the Americas, Europe, Asia Pacific, and the Rest of the world.
68GF Score

Get the complete analysis for LTS:0JOX

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

$10.50
Price
$15.97
GF Value