Zhejiang Yankon Group Co (SHSE:600261) Cyclically Adjusted PB Ratio: 1.18 (As of Aug. 12, 2026) — 31% 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:600261 Zhejiang Yankon Group Co Ltd SHSE:600261
67 GF Score
Price ¥3.08
GF Value ¥3.48
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Zhejiang Yankon Group Co Cyclically Adjusted PB Ratio?

Zhejiang Yankon Group Co SHSE:600261 +0.98% 67 Cyclically Adjusted PB Ratio is 1.18 as of Aug. 12, 2026, which is 31% below its 10-year median of 1.71. GuruFocus rates SHSE:600261 with a GF Score™ of 67/100 and a GF Value™ of ¥3.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,234 Industrial Products companies, Zhejiang Yankon Group Co ranks better than 71.62% on this metric.

As of today (2026-08-12), Zhejiang Yankon Group Co's current share price is ¥3.08. Zhejiang Yankon Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥2.62. Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio for today is 1.18.

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

SHSE:600261' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.71   Max: 6.06
Current: 1.15

During the past years, Zhejiang Yankon Group Co's highest Cyclically Adjusted PB Ratio was 6.06. The lowest was 0.95. And the median was 1.71.

SHSE:600261's Cyclically Adjusted PB Ratio is ranked better than
71.62% of 2234 companies
in the Industrial Products industry
Industry Median: 2.185 vs SHSE:600261: 1.15

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.

Zhejiang Yankon Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥2.647. 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 ¥2.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Yankon Group Co  (SHSE:600261) 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.


Zhejiang Yankon Group Co Cyclically Adjusted PB Ratio Related Terms


Zhejiang Yankon Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Yankon Group 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.

Zhejiang Yankon Group Co Cyclically Adjusted PB Ratio Chart

Zhejiang Yankon Group 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 1.88 1.31 1.31 1.28 1.29

Zhejiang Yankon Group 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 1.29 1.28 1.39 1.29 1.39

SHSE:600261 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Zhejiang Yankon Group 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.


Zhejiang Yankon Group Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600261
67GF Score
Zhejiang Yankon Group Co Ltd SHSE:600261
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Yankon Group 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.

Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.08/2.62
=1.18

* 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.

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

For example, Zhejiang Yankon Group 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)
=2.647/116.3033*116.3033
=2.647

Current CPI (Mar. 2026) = 116.3033.

Zhejiang Yankon Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.012 101.400 2.308
201609 2.107 102.400 2.393
201612 2.176 102.600 2.467
201703 2.260 103.200 2.547
201706 2.178 103.100 2.457
201709 2.242 104.100 2.505
201712 2.291 104.500 2.550
201803 2.336 105.300 2.580
201806 2.254 104.900 2.499
201809 2.340 106.600 2.553
201812 2.443 106.500 2.668
201903 2.560 107.700 2.764
201906 2.537 107.700 2.740
201909 2.625 109.800 2.780
201912 2.572 111.200 2.690
202003 2.598 112.300 2.691
202006 2.558 110.400 2.695
202009 2.663 111.700 2.773
202012 2.699 111.500 2.815
202103 2.826 112.662 2.917
202106 2.577 111.769 2.682
202109 2.583 112.215 2.677
202112 2.529 113.108 2.600
202203 2.598 114.335 2.643
202206 2.479 114.558 2.517
202209 2.506 115.339 2.527
202212 2.533 115.116 2.559
202303 2.640 115.116 2.667
202306 2.570 114.558 2.609
202309 2.569 115.339 2.590
202312 2.625 114.781 2.660
202403 2.702 115.227 2.727
202406 2.538 114.781 2.572
202409 2.599 115.785 2.611
202412 2.636 114.893 2.668
202503 2.684 115.116 2.712
202506 2.576 114.907 2.607
202509 2.600 115.471 2.619
202512 2.651 115.832 2.662
202603 2.647 116.303 2.647

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 1.18 mean?
Zhejiang Yankon Group Co (SHSE:600261) has a Cyclically Adjusted PB Ratio of 1.18 as of Aug. 12, 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 Zhejiang Yankon Group Co and its competitors. This is 31% below median its historical median of 1.71. Over the past decade, Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio has ranged from 0.95 to 6.06. According to the industry distribution chart, Zhejiang Yankon Group Co ranks #634 out of 2234 companies in the Industrial Products industry, placing it in the top 28.4%.
Is Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio too high?
Zhejiang Yankon Group Co's current Cyclically Adjusted PB Ratio of 1.18 is 31% below median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 6.06. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Zhejiang Yankon Group Co's value of 1.18 is 46% below this industry median. Based on the distribution chart, Zhejiang Yankon Group Co ranks #634 out of 2234 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhejiang Yankon Group Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Yankon Group Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhejiang Yankon Group Co ranks #634 out of 2234 companies for Cyclically Adjusted PB Ratio. This puts Zhejiang Yankon Group Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Zhejiang Yankon Group Co's value of 1.18 is 46% below this benchmark. Historically, Zhejiang Yankon Group Co's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 6.06 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 2.19, Zhejiang Yankon Group 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,234 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. Zhejiang Yankon Group Co's current Cyclically Adjusted PB Ratio of 1.18 is 46% 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 Zhejiang Yankon Group Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Yankon Group Co's current Cyclically Adjusted PB Ratio is 1.18, which is 31% below median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Yankon Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Yankon Group Co (SHSE:600261) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.48, compared to a current price of ¥3.08 — trading 11.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.18, which is 31% below median its 10-year median of 1.71 and 46% below the Industrial Products industry median of 2.19. Zhejiang Yankon Group Co's overall GF Score™ is 67/100 with 4 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 Zhejiang Yankon Group Co (SHSE:600261), the current Cyclically Adjusted PB Ratio is 1.18 as of Aug. 12, 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 Zhejiang Yankon Group Co (SHSE:600261) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Yankon Group Co stock appears to be undervalued. The current stock price of ¥3.08 is trading 11.5% below its estimated GF Value™ of ¥3.48. GuruFocus considers Zhejiang Yankon Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600261:

  • Cyclically Adjusted PB Ratio: 1.18 (31% below median its 10-year median of 1.71)
  • GF Value™: ¥3.48 vs. price of ¥3.08 (11.5% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 46% below the Industrial Products median (#634 of 2234)

No single metric tells the full story. See the SHSE:600261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Yankon Group Co Business Description

Address No. 568, Cao'e Street, West Section of Renmin Avenue, Shangyu District, Zhejiang province, Shangyu, CHN, 312300
Zhejiang Yankon Group Co Ltd is engaged in the development, manufacture, and distribution of lighting appliances. It generally offers intelligent lighting, home lighting, commercial and outdoor lighting. Geographically the activities are carried out through China.
67GF Score

Get the complete analysis for SHSE:600261

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

¥3.08
Price
¥3.48
GF Value