Henan Lingrui Pharmaceutical Co (SHSE:600285) Cyclically Adjusted PB Ratio: 4.32 (As of Aug. 13, 2026) — Near 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:600285 Henan Lingrui Pharmaceutical Co Ltd SHSE:600285
86 GF Score
Price ¥19.67
GF Value ¥23.85
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Henan Lingrui Pharmaceutical Co Cyclically Adjusted PB Ratio?

Henan Lingrui Pharmaceutical Co SHSE:600285 -3.91% 86 Cyclically Adjusted PB Ratio is 4.32 as of Aug. 13, 2026, which is 4% above its 10-year median of 4.14. GuruFocus rates SHSE:600285 with a GF Score™ of 86/100 and a GF Value™ of ¥23.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 722 Drug Manufacturers companies, Henan Lingrui Pharmaceutical Co ranks worse than 80.06% on this metric.

As of today (2026-08-13), Henan Lingrui Pharmaceutical Co's current share price is ¥19.67. Henan Lingrui Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥4.55. Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 4.32.

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

SHSE:600285' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.49   Med: 4.14   Max: 6.32
Current: 4.32

During the past years, Henan Lingrui Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 6.32. The lowest was 2.49. And the median was 4.14.

SHSE:600285's Cyclically Adjusted PB Ratio is ranked worse than
80.06% of 722 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs SHSE:600285: 4.32

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.

Henan Lingrui Pharmaceutical Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥5.698. 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 ¥4.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Henan Lingrui Pharmaceutical Co  (SHSE:600285) 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.


Henan Lingrui Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Henan Lingrui Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Henan Lingrui Pharmaceutical 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.

Henan Lingrui Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Henan Lingrui Pharmaceutical 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 4.67 3.54 4.34 5.29 4.69

Henan Lingrui Pharmaceutical Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.31 5.04 4.69 4.94 4.26

SHSE:600285 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Henan Lingrui Pharmaceutical 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.


Henan Lingrui Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600285
86GF Score
Henan Lingrui Pharmaceutical Co Ltd SHSE:600285
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Henan Lingrui Pharmaceutical 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.

Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.67/4.55
=4.32

* 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.

Henan Lingrui Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Henan Lingrui Pharmaceutical Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.698/116.0564*116.0564
=5.698

Current CPI (Jun. 2026) = 116.0564.

Henan Lingrui Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.500 102.400 3.967
201612 3.524 102.600 3.986
201703 3.651 103.200 4.106
201706 3.591 103.100 4.042
201709 3.692 104.100 4.116
201712 3.671 104.500 4.077
201803 3.742 105.300 4.124
201806 3.566 104.900 3.945
201809 3.605 106.600 3.925
201812 3.651 106.500 3.979
201903 3.762 107.700 4.054
201906 3.807 107.700 4.102
201909 3.906 109.800 4.129
201912 3.892 111.200 4.062
202003 4.019 112.300 4.153
202006 3.856 110.400 4.054
202009 3.999 111.700 4.155
202012 4.073 111.500 4.239
202103 4.267 112.662 4.396
202106 3.780 111.769 3.925
202109 3.951 112.215 4.086
202112 4.014 113.108 4.119
202203 4.282 114.335 4.346
202206 4.026 114.558 4.079
202209 4.310 115.339 4.337
202212 4.495 115.116 4.532
202303 4.758 115.116 4.797
202306 4.482 114.558 4.541
202309 4.780 115.339 4.810
202312 4.921 114.781 4.976
202403 5.173 115.227 5.210
202406 4.766 114.781 4.819
202409 5.103 115.785 5.115
202412 5.418 114.893 5.473
202503 5.839 115.116 5.887
202506 5.407 114.907 5.461
202509 5.728 115.471 5.757
202512 5.996 115.832 6.008
202603 6.434 116.303 6.420
202606 5.698 116.056 5.698

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 4.32 mean?
Henan Lingrui Pharmaceutical Co (SHSE:600285) has a Cyclically Adjusted PB Ratio of 4.32 as of Aug. 13, 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 Henan Lingrui Pharmaceutical Co and its competitors. This is near median its historical median of 4.14. Over the past decade, Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 2.49 to 6.32. According to the industry distribution chart, Henan Lingrui Pharmaceutical Co ranks #578 out of 722 companies in the Drug Manufacturers industry, placing it in the top 80.1%.
Is Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Henan Lingrui Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 4.32 is near median its 10-year median of 4.14. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 6.32. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Henan Lingrui Pharmaceutical Co's value of 4.32 is 141.3% above this industry median. Based on the distribution chart, Henan Lingrui Pharmaceutical Co ranks #578 out of 722 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Henan Lingrui Pharmaceutical Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Henan Lingrui Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Henan Lingrui Pharmaceutical Co ranks #578 out of 722 companies for Cyclically Adjusted PB Ratio. This places Henan Lingrui Pharmaceutical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Henan Lingrui Pharmaceutical Co's value of 4.32 is 141.3% above this benchmark. Historically, Henan Lingrui Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 2.49 to 6.32 over the past decade. While the company's 10-year median is 4.14 vs. the industry median of 1.79, Henan Lingrui Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 722 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. Henan Lingrui Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 4.32 is 141.3% 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 Henan Lingrui Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Lingrui Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 4.32, which is near median its own 10-year median of 4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Lingrui Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Lingrui Pharmaceutical Co (SHSE:600285) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥23.85, compared to a current price of ¥19.67 — trading 17.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.32, which is near median its 10-year median of 4.14 and 141.3% above the Drug Manufacturers industry median of 1.79. Henan Lingrui Pharmaceutical Co's overall GF Score™ is 86/100 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 Henan Lingrui Pharmaceutical Co (SHSE:600285), the current Cyclically Adjusted PB Ratio is 4.32 as of Aug. 13, 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 Henan Lingrui Pharmaceutical Co (SHSE:600285) Overvalued in 2026?

Based on GuruFocus' analysis, Henan Lingrui Pharmaceutical Co stock appears to be undervalued. The current stock price of ¥19.67 is trading 17.5% below its estimated GF Value™ of ¥23.85. GuruFocus considers Henan Lingrui Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for SHSE:600285:

  • Cyclically Adjusted PB Ratio: 4.32 (near median its 10-year median of 4.14)
  • GF Value™: ¥23.85 vs. price of ¥19.67 (17.5% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 141.3% above the Drug Manufacturers median (#578 of 722)

No single metric tells the full story. See the SHSE:600285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Henan Lingrui Pharmaceutical Co Business Description

Address No. 59 Jiefang Chengguan Road, Xinxian, Xinyang, Henan, CHN, 465550
Henan Lingrui Pharmaceutical Co Ltd is a Chinese company engaged in the development, production, and distribution of pharmaceuticals. The Company's products include tablets, capsules, injections and other medicines.
86GF Score

Get the complete analysis for SHSE:600285

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

¥19.67
Price
¥23.85
GF Value