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Kexin Development Co ShanxiSHSE:600234 -2.93%47 Cyclically Adjusted PB Ratio is 18.19 as of Sep. 04, 2026, which is 53% above its 10-year median of 11.89. GuruFocus rates SHSE:600234 with a GF Score™ of 47/100 and a GF Value™ of ¥17.49 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 656 Media - Diversified companies, Kexin Development Co Shanxi ranks worse than 98.93% on this metric.
The historical rank and industry rank for Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600234'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.19 Med: 11.89 Max: 1018
Current: 17.59
During the past years, Kexin Development Co Shanxi's highest Cyclically Adjusted PB Ratio was 1018.00. The lowest was 2.19. And the median was 11.89.
SHSE:600234's Cyclically Adjusted PB Ratio is ranked worse than 98.93% of 656
companies
in the Media - Diversified industry
Industry Median: 1.025
vs SHSE:600234: 17.59
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.
Kexin Development Co Shanxi's adjusted book value per share data for the three months ended in Jun. 2026 was ¥1.722. 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 ¥1.22 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kexin Development Co Shanxi (SHSE:600234) 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.
Kexin Development Co Shanxi Cyclically Adjusted PB Ratio Related Terms
Kexin Development Co Shanxi 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.
Kexin Development Co Shanxi Cyclically Adjusted PB Ratio Chart
SHSE:600234 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison
For the Advertising Agencies subindustry, Kexin Development Co Shanxi'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.
Kexin Development Co Shanxi Cyclically Adjusted PB Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio falls into.
Kexin Development Co Shanxi 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 18.19 mean?
Kexin Development Co Shanxi (SHSE:600234) has a Cyclically Adjusted PB Ratio of 18.19 as of Sep. 04, 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 Kexin Development Co Shanxi and its competitors. This is 53% above median its historical median of 11.89. Over the past decade, Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio has ranged from 2.19 to 1,018.00. According to the industry distribution chart, Kexin Development Co Shanxi ranks #649 out of 656 companies in the Media - Diversified industry, placing it in the top 98.9%.
Is Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio too high?
Kexin Development Co Shanxi's current Cyclically Adjusted PB Ratio of 18.19 is 53% above median its 10-year median of 11.89. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 1,018.00. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.03. Kexin Development Co Shanxi's value of 18.19 is 1674.6% above this industry median. Based on the distribution chart, Kexin Development Co Shanxi ranks #649 out of 656 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Kexin Development Co Shanxi has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kexin Development Co Shanxi's Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Kexin Development Co Shanxi ranks #649 out of 656 companies for Cyclically Adjusted PB Ratio. This places Kexin Development Co Shanxi in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.03. Kexin Development Co Shanxi's value of 18.19 is 1674.6% above this benchmark. Historically, Kexin Development Co Shanxi's own Cyclically Adjusted PB Ratio has ranged from 2.19 to 1,018.00 over the past decade. While the company's 10-year median is 11.89 vs. the industry median of 1.03, Kexin Development Co Shanxi 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.03, based on 656 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. Kexin Development Co Shanxi's current Cyclically Adjusted PB Ratio of 18.19 is 1674.6% 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 Kexin Development Co Shanxi and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kexin Development Co Shanxi's current Cyclically Adjusted PB Ratio is 18.19, which is 53% above median its own 10-year median of 11.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kexin Development Co Shanxi stock overvalued right now?
Based on GuruFocus' analysis, Kexin Development Co Shanxi (SHSE:600234) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥17.49, compared to a current price of ¥22.19 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.19, which is 53% above median its 10-year median of 11.89 and 1674.6% above the Media - Diversified industry median of 1.03. Kexin Development Co Shanxi's overall GF Score™ is 47/100 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 Kexin Development Co Shanxi (SHSE:600234), the current Cyclically Adjusted PB Ratio is 18.19 as of Sep. 04, 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 Kexin Development Co Shanxi (SHSE:600234) Overvalued in 2026?
Based on GuruFocus' analysis, Kexin Development Co Shanxi stock appears to be overvalued.
The current stock price of ¥22.19 is trading 26.9% above its estimated GF Value™ of ¥17.49.
GuruFocus considers Kexin Development Co Shanxi to be Modestly Overvalued.
Key valuation signals for SHSE:600234:
Cyclically Adjusted PB Ratio: 18.19 (53% above median its 10-year median of 11.89)
GF Value™: ¥17.49 vs. price of ¥22.19 (26.9% above fair value)
Industry Position: 1674.6% above the Media - Diversified median (#649 of 656)
No single metric tells the full story. See the SHSE:600234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kexin Development Co Ltd Shanxi is engaged in cultural event planning; cultural communication planning; corporate image planning; investment in theme parks and tourism cultural projects, cultural performance projects, cinema lines, book publishing publications with own funds; painting and calligraphy art creation and display.
47GF Score
Get the complete analysis for SHSE:600234
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