Jiangxi Copper Co (SHSE:600362) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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:600362 Jiangxi Copper Co Ltd SHSE:600362
74 GF Score
Price ¥44.03
GF Value ¥27.85
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Jiangxi Copper Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jiangxi Copper Co  (SHSE:600362) 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.


Jiangxi Copper Co Cyclically Adjusted PB Ratio Related Terms


Jiangxi Copper Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jiangxi Copper 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.

Jiangxi Copper Co Cyclically Adjusted PB Ratio Chart

Jiangxi Copper 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 1.33 0.97 0.96 1.06 2.64

Jiangxi Copper 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 1.19 1.76 2.68 2.06 2.05

SHSE:600362 vs SCCO, FCX: Cyclically Adjusted PB Ratio Comparison

For the Copper subindustry, Jiangxi Copper 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.


Jiangxi Copper Co Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangxi Copper Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jiangxi Copper Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600362
74GF Score
Jiangxi Copper Co Ltd SHSE:600362
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Jiangxi Copper 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.

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

For example, Jiangxi Copper 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)
=29.328/116.0564*116.0564
=29.328

Current CPI (Jun. 2026) = 116.0564.

Jiangxi Copper Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.193 102.400 16.086
201612 14.100 102.600 15.949
201703 14.275 103.200 16.053
201706 14.207 103.100 15.992
201709 14.447 104.100 16.106
201712 14.435 104.500 16.031
201803 14.670 105.300 16.169
201806 14.744 104.900 16.312
201809 14.952 106.600 16.278
201812 15.025 106.500 16.373
201903 15.243 107.700 16.426
201906 16.225 107.700 17.484
201909 16.464 109.800 17.402
201912 17.048 111.200 17.793
202003 15.922 112.300 16.455
202006 16.715 110.400 17.571
202009 17.128 111.700 17.796
202012 19.308 111.500 20.097
202103 19.724 112.662 20.318
202106 21.377 111.769 22.197
202109 20.657 112.215 21.364
202112 22.471 113.108 23.057
202203 25.455 114.335 25.838
202206 22.293 114.558 22.585
202209 22.470 115.339 22.610
202212 23.666 115.116 23.859
202303 24.715 115.116 24.917
202306 25.447 114.558 25.780
202309 25.975 115.339 26.137
202312 22.164 114.781 22.410
202403 23.509 115.227 23.678
202406 24.386 114.781 24.657
202409 24.870 115.785 24.928
202412 25.433 114.893 25.691
202503 26.058 115.116 26.271
202506 26.044 114.907 26.304
202509 26.686 115.471 26.821
202512 27.269 115.832 27.322
202603 28.255 116.303 28.195
202606 29.328 116.056 29.328

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.

Is Jiangxi Copper Co (SHSE:600362) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangxi Copper Co stock appears to be overvalued. The current stock price of ¥44.03 is trading 58.1% above its estimated GF Value™ of ¥27.85. GuruFocus considers Jiangxi Copper Co to be Significantly Overvalued.

Key valuation signals for SHSE:600362:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ¥27.85 vs. price of ¥44.03 (58.1% above fair value)
  • GF Score™: 74/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600362 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangxi Copper Co Business Description

Address No. 7666 Changdong Avenue, High-tech Development Zone, Jiangxi Province, Nanchang, CHN, 330096
Jiangxi Copper Co Ltd engages in copper and gold mining, dressing, smelting and processing; extraction and processing of rare and scattered metals; sectors such as sulphuric chemistry and trading. Its products include such as cathode copper, gold, silver, lead-zinc, and sulfuric acid; rare and precious metal products such as molybdenum, selenium, tellurium, rhenium, platinum, palladium, and bismuth; as well as copper processing products, new material products, and industrial manufacturing products. It has two operating segments: the production and sale of copper and other related products and services, and the production and sale of gold and other related products and services. The majority of the company's revenue is derived from the Copper related business.
74GF Score

Get the complete analysis for SHSE:600362

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

¥44.03
Price
¥27.85
GF Value