JinkoSolar Holding Co (LTS:0JOX) Cyclically Adjusted PB Ratio: 0.40 (As of Aug. 06, 2026) — 58% Below Median

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LTS:0JOX JinkoSolar Holding Co Ltd LTS:0JOX
68 GF Score
Price $15.55
GF Value $20.30
Valuation Modestly Undervalued
! 7 Warning Signs
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What is JinkoSolar Holding Co Cyclically Adjusted PB Ratio?

JinkoSolar Holding Co LTS:0JOX -1.27% 68 Cyclically Adjusted PB Ratio is 0.40 as of Aug. 06, 2026, which is 58% below its 10-year median of 0.96. GuruFocus rates LTS:0JOX with a GF Score™ of 68/100 and a GF Value™ of $20.30 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 731 Semiconductors companies, JinkoSolar Holding Co ranks better than 92.2% on this metric.

As of today (2026-08-06), JinkoSolar Holding Co's current share price is $15.55. JinkoSolar Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $39.05. JinkoSolar Holding Co's Cyclically Adjusted PB Ratio for today is 0.40.

The historical rank and industry rank for JinkoSolar Holding Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0JOX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.96   Max: 2.97
Current: 0.4

During the past years, JinkoSolar Holding Co's highest Cyclically Adjusted PB Ratio was 2.97. The lowest was 0.37. And the median was 0.96.

LTS:0JOX's Cyclically Adjusted PB Ratio is ranked better than
92.2% of 731 companies
in the Semiconductors industry
Industry Median: 3.12 vs LTS:0JOX: 0.40

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.

JinkoSolar Holding Co's adjusted book value per share data for the three months ended in Mar. 2026 was $43.985. 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 $39.05 for the trailing ten years ended in Mar. 2026.

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 1.75 1.39 1.11 0.67 0.66

JinkoSolar Holding Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 0.49 0.63 0.66 0.64

LTS:0JOX vs ARRY, CSIQ, TOYO: 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.55/39.05
=0.40

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, JinkoSolar Holding Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=43.985/116.3033*116.3033
=43.985

Current CPI (Mar. 2026) = 116.3033.

JinkoSolar Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 22.776 102.200 25.919
201606 23.802 101.400 27.300
201609 24.746 102.400 28.106
201612 29.469 102.600 33.405
201703 29.639 103.200 33.402
201706 29.899 103.100 33.728
201709 30.984 104.100 34.616
201712 30.710 104.500 34.179
201803 29.681 105.300 32.783
201806 29.615 104.900 32.834
201809 28.744 106.600 31.360
201812 29.042 106.500 31.715
201903 29.792 107.700 32.172
201906 28.152 107.700 30.401
201909 28.677 109.800 30.375
201912 29.653 111.200 31.014
202003 31.146 112.300 32.256
202006 31.588 110.400 33.277
202009 32.023 111.700 33.343
202012 32.595 111.500 33.999
202103 34.388 112.662 35.500
202106 34.925 111.769 36.342
202109 35.491 112.215 36.784
202112 36.365 113.108 37.392
202203 47.642 114.335 48.462
202206 43.726 114.558 44.392
202209 44.131 115.339 44.500
202212 46.591 115.116 47.072
202303 50.610 115.116 51.132
202306 52.588 114.558 53.389
202309 53.219 115.339 53.664
202312 54.142 114.781 54.860
202403 54.737 115.227 55.248
202406 57.641 114.781 58.406
202409 57.656 115.785 57.914
202412 53.197 114.893 53.850
202503 49.148 115.116 49.655
202509 45.837 115.471 46.167
202512 42.646 115.832 42.819
202603 43.985 116.303 43.985

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 0.40 mean?
JinkoSolar Holding Co (LTS:0JOX) has a Cyclically Adjusted PB Ratio of 0.40 as of Aug. 06, 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 JinkoSolar Holding Co and its competitors. This is 58% below median its historical median of 0.96. Over the past decade, JinkoSolar Holding Co's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.97. According to the industry distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies in the Semiconductors industry, placing it in the top 7.8%.
Is JinkoSolar Holding Co's Cyclically Adjusted PB Ratio too high?
JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio of 0.40 is 58% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.97. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.12. JinkoSolar Holding Co's value of 0.40 is 87.2% below this industry median. Based on the distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, JinkoSolar Holding Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JinkoSolar Holding Co's Cyclically Adjusted PB Ratio compare to ARRY and CSIQ?
According to the Semiconductors industry distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies for Cyclically Adjusted PB Ratio. This places JinkoSolar Holding Co in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.12. JinkoSolar Holding Co's value of 0.40 is 87.2% below this benchmark. Historically, JinkoSolar Holding Co's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.97 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 3.12, JinkoSolar Holding 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.12, based on 731 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. JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio of 0.40 is 87.2% 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 JinkoSolar Holding Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio is 0.40, which is 58% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JinkoSolar Holding Co stock overvalued right now?
Based on GuruFocus' analysis, JinkoSolar Holding Co (LTS:0JOX) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.30, compared to a current price of $15.55 — trading 23.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.40, which is 58% below median its 10-year median of 0.96 and 87.2% below the Semiconductors industry median of 3.12. JinkoSolar Holding Co's overall GF Score™ is 68/100 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 JinkoSolar Holding Co (LTS:0JOX), the current Cyclically Adjusted PB Ratio is 0.40 as of Aug. 06, 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 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 $15.55 is trading 23.4% below its estimated GF Value™ of $20.30. GuruFocus considers JinkoSolar Holding Co to be Modestly Undervalued.

Key valuation signals for LTS:0JOX:

  • Cyclically Adjusted PB Ratio: 0.40 (58% below median its 10-year median of 0.96)
  • GF Value™: $20.30 vs. price of $15.55 (23.4% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 87.2% below the Semiconductors median (#57 of 731)

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.

$15.55
Price
$20.30
GF Value