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SHSE:600111's Cyclically Adjusted PB Ratio is ranked worse than 90.59% of 1520
companies
in the Metals & Mining industry
Industry Median: 1.515
vs SHSE:600111: 10.12
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 Northern Rare Earth (Group) High-Tech Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥7.077. 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 ¥4.21 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) 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 Northern Rare Earth (Group) High-Tech Co Cyclically Adjusted PB Ratio Related Terms
China Northern Rare Earth (Group) High-Tech Co Cyclically Adjusted PB Ratio Historical Data
* 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 Northern Rare Earth (Group) High-Tech Co Cyclically Adjusted PB Ratio Chart
China Northern Rare Earth (Group) High-Tech Co Annual Data
China Northern Rare Earth (Group) High-Tech Co Cyclically Adjusted PB Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, China Northern Rare Earth (Group) High-Tech 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 Northern Rare Earth (Group) High-Tech Co Cyclically Adjusted PB Ratio vs Metals & Mining Industry
China Northern Rare Earth (Group) High-Tech 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.
* 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.
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 10.13 mean?
China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) has a Cyclically Adjusted PB Ratio of 10.13 as of Aug. 16, 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 Northern Rare Earth (Group) High-Tech Co and its competitors. This is 35% above median its historical median of 7.53. Over the past decade, China Northern Rare Earth (Group) High-Tech Co's Cyclically Adjusted PB Ratio has ranged from 3.88 to 24.11. According to the industry distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #1377 out of 1520 companies in the Metals & Mining industry, placing it in the top 90.6%.
Is China Northern Rare Earth (Group) High-Tech Co's Cyclically Adjusted PB Ratio too high?
China Northern Rare Earth (Group) High-Tech Co's current Cyclically Adjusted PB Ratio of 10.13 is 35% above median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 24.11. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.52. China Northern Rare Earth (Group) High-Tech Co's value of 10.13 is 568.6% above this industry median. Based on the distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #1377 out of 1520 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, China Northern Rare Earth (Group) High-Tech Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Northern Rare Earth (Group) High-Tech Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, China Northern Rare Earth (Group) High-Tech Co ranks #1377 out of 1520 companies for Cyclically Adjusted PB Ratio. This places China Northern Rare Earth (Group) High-Tech Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. China Northern Rare Earth (Group) High-Tech Co's value of 10.13 is 568.6% above this benchmark. Historically, China Northern Rare Earth (Group) High-Tech Co's own Cyclically Adjusted PB Ratio has ranged from 3.88 to 24.11 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 1.52, China Northern Rare Earth (Group) High-Tech Co has consistently been above 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.52, based on 1,520 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 Northern Rare Earth (Group) High-Tech Co's current Cyclically Adjusted PB Ratio of 10.13 is 568.6% above 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 Northern Rare Earth (Group) High-Tech Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Northern Rare Earth (Group) High-Tech Co's current Cyclically Adjusted PB Ratio is 10.13, which is 35% above median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Northern Rare Earth (Group) High-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥32.83, compared to a current price of ¥42.66 — trading 29.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.13, which is 35% above median its 10-year median of 7.53 and 568.6% above the Metals & Mining industry median of 1.52. China Northern Rare Earth (Group) High-Tech Co's overall GF Score™ is 87/100 with 5 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 Northern Rare Earth (Group) High-Tech Co (SHSE:600111), the current Cyclically Adjusted PB Ratio is 10.13 as of Aug. 16, 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 Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Overvalued in 2026?
Based on GuruFocus' analysis, China Northern Rare Earth (Group) High-Tech Co stock appears to be overvalued.
The current stock price of ¥42.66 is trading 29.9% above its estimated GF Value™ of ¥32.83.
GuruFocus considers China Northern Rare Earth (Group) High-Tech Co to be Modestly Overvalued.
Key valuation signals for SHSE:600111:
Cyclically Adjusted PB Ratio: 10.13 (35% above median its 10-year median of 7.53)
GF Value™: ¥32.83 vs. price of ¥42.66 (29.9% above fair value)
Industry Position: 568.6% above the Metals & Mining median (#1377 of 1520)
No single metric tells the full story. See the SHSE:600111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in the non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources. The company operates through four segments. The Trading Business segment focuses on the distribution of rare earth raw materials. The Production Business segment is involved in the manufacturing of these raw materials. The Rare Earth Functional Materials and Application Products segment covers the development and sale of rare earth-based materials and their applications. The Environmental Protection Industry and Others segment provides services related to environmental management, including the treatment and recycling of waste gas, wastewater, and solid waste.
87GF Score
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