Guizhou Panjiang Refined Coal Co (SHSE:600395) Cyclically Adjusted PB Ratio: 1.22 (As of Aug. 29, 2026) — 14% Below Median

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SHSE:600395 Guizhou Panjiang Refined Coal Co Ltd SHSE:600395
69 GF Score
Price ¥5.74
GF Value ¥5.60
Valuation Fairly Valued
! 10 Warning Signs
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What is Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio?

Guizhou Panjiang Refined Coal Co SHSE:600395 +1.23% 69 Cyclically Adjusted PB Ratio is 1.22 as of Aug. 29, 2026, which is 14% below its 10-year median of 1.42. GuruFocus rates SHSE:600395 with a GF Score™ of 69/100 and a GF Value™ of ¥5.60 (Fairly Valued). The stock has 10 warning signs investors should review. Among 130 Other Energy Sources companies, Guizhou Panjiang Refined Coal Co ranks better than 51.54% on this metric.

As of today (2026-08-29), Guizhou Panjiang Refined Coal Co's current share price is ¥5.74. Guizhou Panjiang Refined Coal Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥4.72. Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio for today is 1.22.

The historical rank and industry rank for Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600395' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.42   Max: 2.67
Current: 1.22

During the past years, Guizhou Panjiang Refined Coal Co's highest Cyclically Adjusted PB Ratio was 2.67. The lowest was 0.97. And the median was 1.42.

SHSE:600395's Cyclically Adjusted PB Ratio is ranked better than
51.54% of 130 companies
in the Other Energy Sources industry
Industry Median: 1.255 vs SHSE:600395: 1.22

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.

Guizhou Panjiang Refined Coal Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥4.941. 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 ¥4.72 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guizhou Panjiang Refined Coal Co  (SHSE:600395) 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.


Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio Related Terms


Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Guizhou Panjiang Refined Coal 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.

Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio Chart

Guizhou Panjiang Refined Coal 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 1.62 1.49 1.37 1.12 1.00

Guizhou Panjiang Refined Coal 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 1.03 1.17 1.00 1.20 0.97

Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Guizhou Panjiang Refined Coal 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.


Guizhou Panjiang Refined Coal Co Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600395
69GF Score
Guizhou Panjiang Refined Coal Co Ltd SHSE:600395
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guizhou Panjiang Refined Coal 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.

Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.74/4.72
=1.22

* 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.

Guizhou Panjiang Refined Coal Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Guizhou Panjiang Refined Coal 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)
=4.941/116.0564*116.0564
=4.941

Current CPI (Jun. 2026) = 116.0564.

Guizhou Panjiang Refined Coal Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.474 102.400 3.937
201612 3.715 102.600 4.202
201703 3.919 103.200 4.407
201706 3.859 103.100 4.344
201709 4.031 104.100 4.494
201712 3.892 104.500 4.322
201803 4.108 105.300 4.528
201806 3.964 104.900 4.386
201809 4.139 106.600 4.506
201812 3.971 106.500 4.327
201903 4.208 107.700 4.534
201906 4.061 107.700 4.376
201909 4.281 109.800 4.525
201912 4.654 111.200 4.857
202003 4.508 112.300 4.659
202006 4.279 110.400 4.498
202009 4.207 111.700 4.371
202012 4.250 111.500 4.424
202103 4.364 112.662 4.496
202106 4.140 111.769 4.299
202109 4.363 112.215 4.512
202112 4.183 113.108 4.292
202203 3.500 114.335 3.553
202206 5.054 114.558 5.120
202209 5.261 115.339 5.294
202212 5.365 115.116 5.409
202303 5.634 115.116 5.680
202306 5.338 114.558 5.408
202309 5.562 115.339 5.597
202312 5.317 114.781 5.376
202403 5.363 115.227 5.402
202406 5.022 114.781 5.078
202409 5.152 115.785 5.164
202412 4.855 114.893 4.904
202503 4.837 115.116 4.877
202506 4.866 114.907 4.915
202509 4.894 115.471 4.919
202512 4.954 115.832 4.964
202603 4.991 116.303 4.980
202606 4.941 116.056 4.941

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 1.22 mean?
Guizhou Panjiang Refined Coal Co (SHSE:600395) has a Cyclically Adjusted PB Ratio of 1.22 as of Aug. 29, 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 Guizhou Panjiang Refined Coal Co and its competitors. This is 14% below median its historical median of 1.42. Over the past decade, Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.67. According to the industry distribution chart, Guizhou Panjiang Refined Coal Co ranks #63 out of 130 companies in the Other Energy Sources industry, placing it in the top 48.5%.
Is Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio too high?
Guizhou Panjiang Refined Coal Co's current Cyclically Adjusted PB Ratio of 1.22 is 14% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 2.67. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.26. Guizhou Panjiang Refined Coal Co's value of 1.22 is 2.8% below this industry median. Based on the distribution chart, Guizhou Panjiang Refined Coal Co ranks #63 out of 130 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Guizhou Panjiang Refined Coal Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Panjiang Refined Coal Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Guizhou Panjiang Refined Coal Co ranks #63 out of 130 companies for Cyclically Adjusted PB Ratio. This puts Guizhou Panjiang Refined Coal Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Guizhou Panjiang Refined Coal Co's value of 1.22 is 2.8% below this benchmark. Historically, Guizhou Panjiang Refined Coal Co's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.67 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.26, Guizhou Panjiang Refined Coal 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 Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.26, based on 130 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. Guizhou Panjiang Refined Coal Co's current Cyclically Adjusted PB Ratio of 1.22 is 2.8% 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 Guizhou Panjiang Refined Coal Co and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Panjiang Refined Coal Co's current Cyclically Adjusted PB Ratio is 1.22, which is 14% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Panjiang Refined Coal Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Panjiang Refined Coal Co (SHSE:600395) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.60, compared to a current price of ¥5.74 — trading 2.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.22, which is 14% below median its 10-year median of 1.42 and 2.8% below the Other Energy Sources industry median of 1.26. Guizhou Panjiang Refined Coal Co's overall GF Score™ is 69/100 with 10 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 Guizhou Panjiang Refined Coal Co (SHSE:600395), the current Cyclically Adjusted PB Ratio is 1.22 as of Aug. 29, 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 Guizhou Panjiang Refined Coal Co (SHSE:600395) Overvalued in 2026?

Based on GuruFocus' analysis, Guizhou Panjiang Refined Coal Co stock appears to be overvalued. The current stock price of ¥5.74 is trading 2.5% above its estimated GF Value™ of ¥5.60. GuruFocus considers Guizhou Panjiang Refined Coal Co to be Fairly Valued.

Key valuation signals for SHSE:600395:

  • Cyclically Adjusted PB Ratio: 1.22 (14% below median its 10-year median of 1.42)
  • GF Value™: ¥5.60 vs. price of ¥5.74 (2.5% above fair value)
  • GF Score™: 69/100 with 10 warning signs
  • Industry Position: 2.8% below the Other Energy Sources median (#63 of 130)

No single metric tells the full story. See the SHSE:600395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guizhou Panjiang Refined Coal Co Business Description

Address Gangou Bridge, Hongguo Economic Development Zone, Guizhou, Liupanshui, CHN, 553536
Guizhou Panjiang Refined Coal Co Ltd is engaged in coal development in Panjiang Mining Area. The company produces gas to coal, fat coal, 1/3 coking coal, and main coking coal, Thin coal, lean coal, anthracite, reserves and coal species.
69GF Score

Get the complete analysis for SHSE:600395

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

¥5.74
Price
¥5.60
GF Value