China Steel (LUX:CHSTC) Cyclically Adjusted PB Ratio: 0.79 (As of Jul. 23, 2026) — 30% Below Median

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LUX:CHSTC China Steel Corp LUX:CHSTC
65 GF Score
Price $14.20
GF Value $15.18
! 8 Warning Signs
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What is China Steel Cyclically Adjusted PB Ratio?

China Steel LUX:CHSTC 65 Cyclically Adjusted PB Ratio is 0.79 as of Jul. 23, 2026, which is 30% below its 10-year median of 1.13. GuruFocus rates LUX:CHSTC with a GF Score™ of 65/100 and a GF Value™ of $15.18. The stock has 8 warning signs investors should review. Among 514 Steel companies, China Steel ranks better than 55.06% on this metric.

As of today (2026-07-23), China Steel's current share price is $14.20. China Steel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $17.91. China Steel's Cyclically Adjusted PB Ratio for today is 0.79.

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

LUX:CHSTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.13   Max: 1.98
Current: 0.79

During the past years, China Steel's highest Cyclically Adjusted PB Ratio was 1.98. The lowest was 0.74. And the median was 1.13.

LUX:CHSTC's Cyclically Adjusted PB Ratio is ranked better than
55.06% of 514 companies
in the Steel industry
Industry Median: 0.94 vs LUX:CHSTC: 0.79

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.

China Steel's adjusted book value per share data for the three months ended in Mar. 2026 was $12.033. 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 $17.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Steel  (LUX:CHSTC) 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 Steel Cyclically Adjusted PB Ratio Related Terms


China Steel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Steel'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 Steel Cyclically Adjusted PB Ratio Chart

China Steel 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 1.62 1.29 1.15 0.83 0.81

China Steel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 0.94 0.79 0.82 0.81 0.79

LUX:CHSTC vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, China Steel'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 Steel Cyclically Adjusted PB Ratio vs Steel Industry

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

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


LUX:CHSTC
65GF Score
China Steel Corp LUX:CHSTC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Steel 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 Steel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.20/17.91
=0.79

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

For example, China Steel'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)
=12.033/330.2130*330.2130
=12.033

Current CPI (Mar. 2026) = 330.2130.

China Steel Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.668 241.018 15.986
201609 12.264 241.428 16.774
201612 12.220 241.432 16.714
201703 12.844 243.801 17.396
201706 12.656 244.955 17.061
201709 12.871 246.819 17.220
201712 13.115 246.524 17.567
201803 13.623 249.554 18.026
201806 13.026 251.989 17.070
201809 13.107 252.439 17.145
201812 13.140 251.233 17.271
201903 13.279 254.202 17.250
201906 12.782 256.143 16.478
201909 12.825 256.759 16.494
201912 12.925 256.974 16.609
202003 12.640 258.115 16.171
202006 12.551 257.797 16.077
202009 12.645 260.280 16.043
202012 13.443 260.474 17.042
202103 13.854 264.877 17.271
202106 14.573 271.696 17.712
202109 15.635 274.310 18.821
202112 16.262 278.802 19.261
202203 16.508 287.504 18.960
202206 14.084 296.311 15.695
202209 13.480 296.808 14.997
202212 13.491 296.797 15.010
202303 13.516 301.836 14.787
202306 12.826 305.109 13.881
202309 12.368 307.789 13.269
202312 12.767 306.746 13.744
202403 12.721 312.332 13.449
202406 12.319 314.175 12.948
202409 12.447 315.301 13.036
202412 12.085 315.605 12.644
202503 11.979 319.799 12.369
202506 12.621 322.561 12.920
202509 12.339 324.800 12.545
202512 12.201 324.054 12.433
202603 12.033 330.213 12.033

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 0.79 mean?
China Steel (LUX:CHSTC) has a Cyclically Adjusted PB Ratio of 0.79 as of Jul. 23, 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 China Steel and its competitors. This is 30% below median its historical median of 1.13. Over the past decade, China Steel's Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.98. According to the industry distribution chart, China Steel ranks #231 out of 514 companies in the Steel industry, placing it in the top 44.9%.
Is China Steel's Cyclically Adjusted PB Ratio too high?
China Steel's current Cyclically Adjusted PB Ratio of 0.79 is 30% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.98. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. China Steel's value of 0.79 is 16% below this industry median. Based on the distribution chart, China Steel ranks #231 out of 514 companies in the Steel industry, which is above the industry midpoint. Overall, China Steel has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does China Steel's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, China Steel ranks #231 out of 514 companies for Cyclically Adjusted PB Ratio. This puts China Steel in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. China Steel's value of 0.79 is 16% below this benchmark. Historically, China Steel's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.98 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.94, China Steel 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.94, based on 514 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. China Steel's current Cyclically Adjusted PB Ratio of 0.79 is 16% 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 China Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Steel's current Cyclically Adjusted PB Ratio is 0.79, which is 30% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel stock overvalued right now?
China Steel (LUX:CHSTC) has a current Cyclically Adjusted PB Ratio of 0.79. The stock's GF Value™ is $15.18, compared to a current price of $14.20 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 30% below median its 10-year median of 1.13 and 16% below the Steel industry median of 0.94. China Steel's overall GF Score™ is 65/100 with 8 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 China Steel (LUX:CHSTC), the current Cyclically Adjusted PB Ratio is 0.79 as of Jul. 23, 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 China Steel (LUX:CHSTC) Overvalued in 2026?

Based on GuruFocus' analysis, China Steel stock appears to be undervalued. The current stock price of $14.20 is trading 6.5% below its estimated GF Value™ of $15.18.

Key valuation signals for LUX:CHSTC:

  • Cyclically Adjusted PB Ratio: 0.79 (30% below median its 10-year median of 1.13)
  • GF Value™: $15.18 vs. price of $14.20 (6.5% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 16% below the Steel median (#231 of 514)

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


China Steel Business Description

Address No. 1, Chung Kang Road, Hsiao Kang, Kaohsiung, TWN, 81233
China Steel Corp is a steelmaker in Taiwan. It manufactures and sells steel products and engages in mechanical, communications, and electrical engineering. The company's product portfolio includes plates, bars, wire rods, hot and cold rolled coils, electro-galvanized coils, electrical steel coils, and hot-dip galvanized coils. Along with its subsidiaries, the company operates in the following reportable segments: Steel Department and Non-Steel Department. A majority of its revenue is generated from the Steel department segment, which manufactures and sells steel products. Geographically, the company derives maximum revenue from Taiwan, followed by Vietnam, Malaysia, India, China, and other regions.
65GF Score

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

$14.20
Price
$15.18
GF Value