Liaoning SG Automotive Group Co (SHSE:600303) Cyclically Adjusted PB Ratio: 0.77 (As of Aug. 23, 2026) — 21% 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:600303 Liaoning SG Automotive Group Co Ltd SHSE:600303
39 GF Score
Price ¥2.87
GF Value ¥3.16
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Liaoning SG Automotive Group Co Cyclically Adjusted PB Ratio?

Liaoning SG Automotive Group Co SHSE:600303 +0.35% 39 Cyclically Adjusted PB Ratio is 0.77 as of Aug. 23, 2026, which is 21% below its 10-year median of 0.97. GuruFocus rates SHSE:600303 with a GF Score™ of 39/100 and a GF Value™ of ¥3.16 (Fairly Valued). The stock has 9 warning signs investors should review. Among 947 Vehicles & Parts companies, Liaoning SG Automotive Group Co ranks better than 66.74% on this metric.

As of today (2026-08-23), Liaoning SG Automotive Group Co's current share price is ¥2.87. Liaoning SG Automotive Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥3.74. Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio for today is 0.77.

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

SHSE:600303' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.97   Max: 3.28
Current: 0.77

During the past years, Liaoning SG Automotive Group Co's highest Cyclically Adjusted PB Ratio was 3.28. The lowest was 0.55. And the median was 0.97.

SHSE:600303's Cyclically Adjusted PB Ratio is ranked better than
66.74% of 947 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs SHSE:600303: 0.77

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.

Liaoning SG Automotive Group Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥1.378. 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 ¥3.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liaoning SG Automotive Group Co  (SHSE:600303) 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.


Liaoning SG Automotive Group Co Cyclically Adjusted PB Ratio Related Terms


Liaoning SG Automotive Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liaoning SG Automotive 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.

Liaoning SG Automotive Group Co Cyclically Adjusted PB Ratio Chart

Liaoning SG Automotive 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 1.05 1.38 1.03 0.74 0.86

Liaoning SG Automotive 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 0.81 0.97 1.01 0.86 0.89

SHSE:600303 vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Liaoning SG Automotive 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.


Liaoning SG Automotive Group Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600303
39GF Score
Liaoning SG Automotive Group Co Ltd SHSE:600303
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liaoning SG Automotive 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.

Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.87/3.74
=0.77

* 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.

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

For example, Liaoning SG Automotive 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)
=1.378/116.3033*116.3033
=1.378

Current CPI (Mar. 2026) = 116.3033.

Liaoning SG Automotive Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.948 101.400 4.528
201609 4.096 102.400 4.652
201612 4.147 102.600 4.701
201703 4.807 103.200 5.417
201706 4.707 103.100 5.310
201709 4.691 104.100 5.241
201712 4.591 104.500 5.110
201803 4.611 105.300 5.093
201806 4.469 104.900 4.955
201809 4.398 106.600 4.798
201812 4.254 106.500 4.646
201903 4.210 107.700 4.546
201906 4.120 107.700 4.449
201909 4.124 109.800 4.368
201912 4.323 111.200 4.521
202003 4.290 112.300 4.443
202006 4.326 110.400 4.557
202009 4.260 111.700 4.436
202012 4.383 111.500 4.572
202103 4.312 112.662 4.451
202106 4.234 111.769 4.406
202109 4.077 112.215 4.226
202112 3.679 113.108 3.783
202203 3.631 114.335 3.694
202206 3.525 114.558 3.579
202209 3.404 115.339 3.432
202212 3.185 115.116 3.218
202303 3.079 115.116 3.111
202306 2.946 114.558 2.991
202309 2.818 115.339 2.842
202312 2.489 114.781 2.522
202403 2.395 115.227 2.417
202406 2.287 114.781 2.317
202409 2.133 115.785 2.143
202412 1.962 114.893 1.986
202503 1.858 115.116 1.877
202506 1.754 114.907 1.775
202509 1.644 115.471 1.656
202512 1.464 115.832 1.470
202603 1.378 116.303 1.378

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 0.77 mean?
Liaoning SG Automotive Group Co (SHSE:600303) has a Cyclically Adjusted PB Ratio of 0.77 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 Liaoning SG Automotive Group Co and its competitors. This is 21% below median its historical median of 0.97. Over the past decade, Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 3.28. According to the industry distribution chart, Liaoning SG Automotive Group Co ranks #315 out of 947 companies in the Vehicles & Parts industry, placing it in the top 33.3%.
Is Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio too high?
Liaoning SG Automotive Group Co's current Cyclically Adjusted PB Ratio of 0.77 is 21% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 3.28. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Liaoning SG Automotive Group Co's value of 0.77 is 37.4% below this industry median. Based on the distribution chart, Liaoning SG Automotive Group Co ranks #315 out of 947 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Liaoning SG Automotive Group Co has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liaoning SG Automotive Group Co's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Liaoning SG Automotive Group Co ranks #315 out of 947 companies for Cyclically Adjusted PB Ratio. This puts Liaoning SG Automotive Group Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Liaoning SG Automotive Group Co's value of 0.77 is 37.4% below this benchmark. Historically, Liaoning SG Automotive Group Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 3.28 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.23, Liaoning SG Automotive 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 a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.23, based on 947 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. Liaoning SG Automotive Group Co's current Cyclically Adjusted PB Ratio of 0.77 is 37.4% 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 Liaoning SG Automotive Group Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liaoning SG Automotive Group Co's current Cyclically Adjusted PB Ratio is 0.77, which is 21% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liaoning SG Automotive Group Co stock overvalued right now?
Based on GuruFocus' analysis, Liaoning SG Automotive Group Co (SHSE:600303) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.16, compared to a current price of ¥2.87 — trading 9.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.77, which is 21% below median its 10-year median of 0.97 and 37.4% below the Vehicles & Parts industry median of 1.23. Liaoning SG Automotive Group Co's overall GF Score™ is 39/100 with 9 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 Liaoning SG Automotive Group Co (SHSE:600303), the current Cyclically Adjusted PB Ratio is 0.77 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 Liaoning SG Automotive Group Co (SHSE:600303) Overvalued in 2026?

Based on GuruFocus' analysis, Liaoning SG Automotive Group Co stock appears to be undervalued. The current stock price of ¥2.87 is trading 9.2% below its estimated GF Value™ of ¥3.16. GuruFocus considers Liaoning SG Automotive Group Co to be Fairly Valued.

Key valuation signals for SHSE:600303:

  • Cyclically Adjusted PB Ratio: 0.77 (21% below median its 10-year median of 0.97)
  • GF Value™: ¥3.16 vs. price of ¥2.87 (9.2% below fair value)
  • GF Score™: 39/100 with 9 warning signs
  • Industry Position: 37.4% below the Vehicles & Parts median (#315 of 947)

No single metric tells the full story. See the SHSE:600303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liaoning SG Automotive Group Co Business Description

Address No. 50 Shuguang Road, Zheng'an District, Liaoning Province, Dandong, CHN, 118001
Liaoning SG Automotive Group Co Ltd manufactures automobiles, axles and other automotive components in China.
39GF Score

Get the complete analysis for SHSE:600303

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

¥2.87
Price
¥3.16
GF Value