Lucky Film Co (SHSE:600135) Cyclically Adjusted PB Ratio: 1.52 (As of Aug. 23, 2026) — 11% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

SHSE:600135 Lucky Film Co Ltd SHSE:600135
54 GF Score
Price ¥7.31
GF Value ¥4.97
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Lucky Film Co Cyclically Adjusted PB Ratio?

Lucky Film Co SHSE:600135 -0.14% 54 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 23, 2026, which is 11% below its 10-year median of 1.70. GuruFocus rates SHSE:600135 with a GF Score™ of 54/100 and a GF Value™ of ¥4.97 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,141 Chemicals companies, Lucky Film Co ranks better than 53.55% on this metric.

As of today (2026-08-23), Lucky Film Co's current share price is ¥7.31. Lucky Film Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥4.81. Lucky Film Co's Cyclically Adjusted PB Ratio for today is 1.52.

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

SHSE:600135' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.7   Max: 5.29
Current: 1.52

During the past years, Lucky Film Co's highest Cyclically Adjusted PB Ratio was 5.29. The lowest was 0.93. And the median was 1.70.

SHSE:600135's Cyclically Adjusted PB Ratio is ranked better than
53.55% of 1141 companies
in the Chemicals industry
Industry Median: 1.67 vs SHSE:600135: 1.52

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.

Lucky Film Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥4.257. 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 ¥4.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lucky Film Co  (SHSE:600135) 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.


Lucky Film Co Cyclically Adjusted PB Ratio Related Terms


Lucky Film Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lucky Film 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.

Lucky Film Co Cyclically Adjusted PB Ratio Chart

Lucky Film 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 1.93 1.66 1.73 1.38 2.15

Lucky Film Co 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 1.38 1.61 1.51 2.15 2.31

SHSE:600135 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Lucky Film 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.


Lucky Film Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lucky Film Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SHSE:600135
54GF Score
Lucky Film Co Ltd SHSE:600135
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucky Film 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.

Lucky Film Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.31/4.81
=1.52

* 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.

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

For example, Lucky Film 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)
=4.257/116.3033*116.3033
=4.257

Current CPI (Mar. 2026) = 116.3033.

Lucky Film Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.368 101.400 5.010
201609 4.400 102.400 4.997
201612 4.399 102.600 4.987
201703 4.470 103.200 5.038
201706 4.498 103.100 5.074
201709 4.551 104.100 5.084
201712 4.524 104.500 5.035
201803 4.571 105.300 5.049
201806 4.545 104.900 5.039
201809 4.546 106.600 4.960
201812 5.618 106.500 6.135
201903 4.549 107.700 4.912
201906 4.531 107.700 4.893
201909 4.065 109.800 4.306
201912 4.420 111.200 4.623
202003 4.601 112.300 4.765
202006 4.594 110.400 4.840
202009 4.606 111.700 4.796
202012 4.640 111.500 4.840
202103 4.669 112.662 4.820
202106 4.695 111.769 4.885
202109 4.717 112.215 4.889
202112 4.725 113.108 4.858
202203 4.741 114.335 4.823
202206 4.746 114.558 4.818
202209 4.757 115.339 4.797
202212 5.206 115.116 5.260
202303 4.831 115.116 4.881
202306 4.819 114.558 4.892
202309 4.814 115.339 4.854
202312 4.508 114.781 4.568
202403 4.473 115.227 4.515
202406 4.455 114.781 4.514
202409 4.409 115.785 4.429
202412 4.463 114.893 4.518
202503 4.413 115.116 4.459
202506 4.371 114.907 4.424
202509 4.311 115.471 4.342
202512 4.299 115.832 4.316
202603 4.257 116.303 4.257

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 1.52 mean?
Lucky Film Co (SHSE:600135) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 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 Lucky Film Co and its competitors. This is 11% below median its historical median of 1.70. Over the past decade, Lucky Film Co's Cyclically Adjusted PB Ratio has ranged from 0.93 to 5.29. According to the industry distribution chart, Lucky Film Co ranks #530 out of 1141 companies in the Chemicals industry, placing it in the top 46.5%.
Is Lucky Film Co's Cyclically Adjusted PB Ratio too high?
Lucky Film Co's current Cyclically Adjusted PB Ratio of 1.52 is 11% below median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 5.29. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Lucky Film Co's value of 1.52 is 9% below this industry median. Based on the distribution chart, Lucky Film Co ranks #530 out of 1141 companies in the Chemicals industry, which is above the industry midpoint. Overall, Lucky Film Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lucky Film Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Lucky Film Co ranks #530 out of 1141 companies for Cyclically Adjusted PB Ratio. This puts Lucky Film Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Lucky Film Co's value of 1.52 is 9% below this benchmark. Historically, Lucky Film Co's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 5.29 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.67, Lucky Film 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,141 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. Lucky Film Co's current Cyclically Adjusted PB Ratio of 1.52 is 9% 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 Lucky Film Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucky Film Co's current Cyclically Adjusted PB Ratio is 1.52, which is 11% below median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucky Film Co stock overvalued right now?
Based on GuruFocus' analysis, Lucky Film Co (SHSE:600135) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.97, compared to a current price of ¥7.31 — trading 47.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 11% below median its 10-year median of 1.70 and 9% below the Chemicals industry median of 1.67. Lucky Film Co's overall GF Score™ is 54/100 with 3 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 Lucky Film Co (SHSE:600135), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 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 Lucky Film Co (SHSE:600135) Overvalued in 2026?

Based on GuruFocus' analysis, Lucky Film Co stock appears to be overvalued. The current stock price of ¥7.31 is trading 47.1% above its estimated GF Value™ of ¥4.97. GuruFocus considers Lucky Film Co to be Significantly Overvalued.

Key valuation signals for SHSE:600135:

  • Cyclically Adjusted PB Ratio: 1.52 (11% below median its 10-year median of 1.70)
  • GF Value™: ¥4.97 vs. price of ¥7.31 (47.1% above fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 9% below the Chemicals median (#530 of 1141)

No single metric tells the full story. See the SHSE:600135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lucky Film Co Business Description

Address No.6 Lekai South Street 6, Baoding, Hebei, CHN, 071054
Lucky Film Co Ltd manufactures and sells digital photo papers in China. Some of the products offered by the company include Double-faced Color Paper, Digital Color Paper, PET Film, Photo Chemicals, Magnetic Products and TAC Film.
54GF Score

Get the complete analysis for SHSE:600135

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

¥7.31
Price
¥4.97
GF Value