Beijing Tiantan Biological Products (SHSE:600161) Cyclically Adjusted PB Ratio: 3.57 (As of Aug. 14, 2026) — 65% Below Median

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SHSE:600161 Beijing Tiantan Biological Products Corp Ltd SHSE:600161
69 GF Score
Price ¥12.54
GF Value ¥22.85
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Beijing Tiantan Biological Products Cyclically Adjusted PB Ratio?

Beijing Tiantan Biological Products SHSE:600161 -1.80% 69 Cyclically Adjusted PB Ratio is 3.57 as of Aug. 14, 2026, which is 65% below its 10-year median of 10.12. GuruFocus rates SHSE:600161 with a GF Score™ of 69/100 and a GF Value™ of ¥22.85 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 692 Biotechnology companies, Beijing Tiantan Biological Products ranks worse than 68.35% on this metric.

As of today (2026-08-14), Beijing Tiantan Biological Products's current share price is ¥12.54. Beijing Tiantan Biological Products's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥3.51. Beijing Tiantan Biological Products's Cyclically Adjusted PB Ratio for today is 3.57.

The historical rank and industry rank for Beijing Tiantan Biological Products's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600161' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.25   Med: 10.12   Max: 24.97
Current: 3.56

During the past years, Beijing Tiantan Biological Products's highest Cyclically Adjusted PB Ratio was 24.97. The lowest was 3.25. And the median was 10.12.

SHSE:600161's Cyclically Adjusted PB Ratio is ranked worse than
68.35% of 692 companies
in the Biotechnology industry
Industry Median: 1.62 vs SHSE:600161: 3.56

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.

Beijing Tiantan Biological Products's adjusted book value per share data for the three months ended in Mar. 2026 was ¥5.999. 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 ¥3.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Tiantan Biological Products  (SHSE:600161) 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.


Beijing Tiantan Biological Products Cyclically Adjusted PB Ratio Related Terms


Beijing Tiantan Biological Products Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijing Tiantan Biological Products'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.

Beijing Tiantan Biological Products Cyclically Adjusted PB Ratio Chart

Beijing Tiantan Biological Products 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 11.32 9.24 10.35 7.08 4.84

Beijing Tiantan Biological Products 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 6.73 6.15 5.87 4.84 4.30

SHSE:600161 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Beijing Tiantan Biological Products'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.


Beijing Tiantan Biological Products Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Beijing Tiantan Biological Products's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Tiantan Biological Products's Cyclically Adjusted PB Ratio falls into.


SHSE:600161
69GF Score
Beijing Tiantan Biological Products Corp Ltd SHSE:600161
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing Tiantan Biological Products 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.

Beijing Tiantan Biological Products's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.54/3.51
=3.57

* 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.

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

For example, Beijing Tiantan Biological Products'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)
=5.999/116.3033*116.3033
=5.999

Current CPI (Mar. 2026) = 116.3033.

Beijing Tiantan Biological Products Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.128 101.400 1.294
201609 1.177 102.400 1.337
201612 1.296 102.600 1.469
201703 1.265 103.200 1.426
201706 1.553 103.100 1.752
201709 1.609 104.100 1.798
201712 2.031 104.500 2.260
201803 1.747 105.300 1.930
201806 1.745 104.900 1.935
201809 1.831 106.600 1.998
201812 1.866 106.500 2.038
201903 1.939 107.700 2.094
201906 2.005 107.700 2.165
201909 2.101 109.800 2.225
201912 2.181 111.200 2.281
202003 2.254 112.300 2.334
202006 2.338 110.400 2.463
202009 2.422 111.700 2.522
202012 2.501 111.500 2.609
202103 2.362 112.662 2.438
202106 3.858 111.769 4.015
202109 3.970 112.215 4.115
202112 4.072 113.108 4.187
202203 4.135 114.335 4.206
202206 4.197 114.558 4.261
202209 4.307 115.339 4.343
202212 4.448 115.116 4.494
202303 4.581 115.116 4.628
202306 4.693 114.558 4.765
202309 4.855 115.339 4.896
202312 4.967 114.781 5.033
202403 5.128 115.227 5.176
202406 5.217 114.781 5.286
202409 5.382 115.785 5.406
202412 5.633 114.893 5.702
202503 5.757 115.116 5.816
202506 5.853 114.907 5.924
202509 5.797 115.471 5.839
202512 5.935 115.832 5.959
202603 5.999 116.303 5.999

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 3.57 mean?
Beijing Tiantan Biological Products (SHSE:600161) has a Cyclically Adjusted PB Ratio of 3.57 as of Aug. 14, 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 Beijing Tiantan Biological Products and its competitors. This is 65% below median its historical median of 10.12. Over the past decade, Beijing Tiantan Biological Products' Cyclically Adjusted PB Ratio has ranged from 3.25 to 24.97. According to the industry distribution chart, Beijing Tiantan Biological Products ranks #473 out of 692 companies in the Biotechnology industry, placing it in the top 68.4%.
Is Beijing Tiantan Biological Products' Cyclically Adjusted PB Ratio too high?
Beijing Tiantan Biological Products' current Cyclically Adjusted PB Ratio of 3.57 is 65% below median its 10-year median of 10.12. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 24.97. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Beijing Tiantan Biological Products' value of 3.57 is 120.4% above this industry median. Based on the distribution chart, Beijing Tiantan Biological Products ranks #473 out of 692 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Beijing Tiantan Biological Products has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Tiantan Biological Products' Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Beijing Tiantan Biological Products ranks #473 out of 692 companies for Cyclically Adjusted PB Ratio. This places Beijing Tiantan Biological Products in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Beijing Tiantan Biological Products' value of 3.57 is 120.4% above this benchmark. Historically, Beijing Tiantan Biological Products' own Cyclically Adjusted PB Ratio has ranged from 3.25 to 24.97 over the past decade. While the company's 10-year median is 10.12 vs. the industry median of 1.62, Beijing Tiantan Biological Products 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 692 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. Beijing Tiantan Biological Products's current Cyclically Adjusted PB Ratio of 3.57 is 120.4% 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 Beijing Tiantan Biological Products and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Tiantan Biological Products's current Cyclically Adjusted PB Ratio is 3.57, which is 65% below median its own 10-year median of 10.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Tiantan Biological Products stock overvalued right now?
Based on GuruFocus' analysis, Beijing Tiantan Biological Products (SHSE:600161) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥22.85, compared to a current price of ¥12.54 — trading 45.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.57, which is 65% below median its 10-year median of 10.12 and 120.4% above the Biotechnology industry median of 1.62. Beijing Tiantan Biological Products' overall GF Score™ is 69/100 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 Beijing Tiantan Biological Products (SHSE:600161), the current Cyclically Adjusted PB Ratio is 3.57 as of Aug. 14, 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 Beijing Tiantan Biological Products (SHSE:600161) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Tiantan Biological Products stock appears to be undervalued. The current stock price of ¥12.54 is trading 45.1% below its estimated GF Value™ of ¥22.85. GuruFocus considers Beijing Tiantan Biological Products to be Significantly Undervalued.

Key valuation signals for SHSE:600161:

  • Cyclically Adjusted PB Ratio: 3.57 (65% below median its 10-year median of 10.12)
  • GF Value™: ¥22.85 vs. price of ¥12.54 (45.1% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 120.4% above the Biotechnology median (#473 of 692)

No single metric tells the full story. See the SHSE:600161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing Tiantan Biological Products Business Description

Address No. 2, Shuangqiao Road, Chaoyang District, Beijing, CHN, 100024
Beijing Tiantan Biological Products Corp Ltd uses healthy human plasma and specifically immunized human plasma as raw materials and adopts genetic recombination technology to develop and produce blood products and engage in the blood product business. The company's main products include human albumin, human immunoglobulin (pH4) for intravenous injection, human hepatitis B immunoglobulin, human immunoglobulin, human rabies immunoglobulin, human histamine immunoglobulin, and others.
69GF Score

Get the complete analysis for SHSE:600161

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

¥12.54
Price
¥22.85
GF Value