SHNHF (Shoucheng Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

SHNHF Shoucheng Holdings Ltd SHNHF
79 GF Score
Price $0.06
GF Value $0.08
! 4 Warning Signs
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What is Shoucheng Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shoucheng Holdings  (OTCPK:SHNHF) 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.


Shoucheng Holdings Cyclically Adjusted PB Ratio Related Terms


Shoucheng Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shoucheng Holdings'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.

Shoucheng Holdings Cyclically Adjusted PB Ratio Chart

Shoucheng Holdings 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 0.19 0.23 0.26 0.28 0.26

Shoucheng Holdings Semi-Annual Data
Dec15 Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 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 0.26 0.28 0.28 0.26 0.25

Shoucheng Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Infrastructure Operations subindustry, Shoucheng Holdings'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.


Shoucheng Holdings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shoucheng Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SHNHF
79GF Score
Shoucheng Holdings Ltd SHNHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shoucheng Holdings 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.

Shoucheng Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shoucheng Holdings'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)
=0.171/120.7036*120.7036
=0.171

Current CPI (Dec25) = 120.7036.

Shoucheng Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.332 103.225 0.388
201712 0.259 104.984 0.298
201812 0.239 107.622 0.268
201912 0.218 110.700 0.238
202012 0.217 109.711 0.239
202112 0.184 112.349 0.198
202212 0.181 114.548 0.191
202312 0.179 117.296 0.184
202412 0.172 118.945 0.175
202512 0.171 120.704 0.171

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 Shoucheng Holdings (SHNHF) Overvalued in 2026?

Based on GuruFocus' analysis, Shoucheng Holdings stock appears to be undervalued. The current stock price of $0.06 is trading 25% below its estimated GF Value™ of $0.08.

Key valuation signals for SHNHF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.08 vs. price of $0.06 (25% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Shoucheng Holdings Business Description

Other Exchanges 00697:Hong KongSHVA:Germany
Address 56 Gloucester Road, 7th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG
Shoucheng Holdings Ltd is engaged in the operation and management of car parking assets; and the management of private funds oriented towards urban development. The principal activity of the Company is investment holding. The Group's revenue comes from asset operations and FIME. The operations of the comany operates in areas including parking management, industrial space management, REITs investment and consulting, and equity investment.
79GF Score

Get the complete analysis for SHNHF

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

$0.06
Price
$0.08
GF Value