Shanghai Shyndec Pharmaceutical Co (SHSE:600420) Cyclically Adjusted PB Ratio: 1.02 (As of Aug. 31, 2026) — 51% 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:600420 Shanghai Shyndec Pharmaceutical Co Ltd SHSE:600420
61 GF Score
Price ¥8.51
GF Value ¥10.46
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Shanghai Shyndec Pharmaceutical Co Cyclically Adjusted PB Ratio?

Shanghai Shyndec Pharmaceutical Co SHSE:600420 -1.73% 61 Cyclically Adjusted PB Ratio is 1.02 as of Aug. 31, 2026, which is 51% below its 10-year median of 2.07. GuruFocus rates SHSE:600420 with a GF Score™ of 61/100 and a GF Value™ of ¥10.46 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 639 Drug Manufacturers companies, Shanghai Shyndec Pharmaceutical Co ranks better than 69.17% on this metric.

As of today (2026-08-31), Shanghai Shyndec Pharmaceutical Co's current share price is ¥8.51. Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥8.37. Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 1.02.

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

SHSE:600420' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 2.07   Max: 9.63
Current: 1.03

During the past years, Shanghai Shyndec Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 9.63. The lowest was 0.95. And the median was 2.07.

SHSE:600420's Cyclically Adjusted PB Ratio is ranked better than
69.17% of 639 companies
in the Drug Manufacturers industry
Industry Median: 1.73 vs SHSE:600420: 1.03

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.

Shanghai Shyndec Pharmaceutical Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥10.279. 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 ¥8.37 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Shyndec Pharmaceutical Co  (SHSE:600420) 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.


Shanghai Shyndec Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Shyndec Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Shyndec 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.

Shanghai Shyndec Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Shanghai Shyndec 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 2.06 1.56 1.50 1.64 1.27

Shanghai Shyndec 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 1.39 1.35 1.27 1.29 0.95

SHSE:600420 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Shanghai Shyndec 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.


Shanghai Shyndec Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


SHSE:600420
61GF Score
Shanghai Shyndec Pharmaceutical Co Ltd SHSE:600420
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Shyndec 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.

Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.51/8.37
=1.02

* 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.

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

For example, Shanghai Shyndec 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)
=10.279/116.0564*116.0564
=10.279

Current CPI (Jun. 2026) = 116.0564.

Shanghai Shyndec Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.474 102.400 2.804
201612 9.912 102.600 11.212
201703 5.280 103.200 5.938
201706 5.328 103.100 5.998
201709 5.412 104.100 6.034
201712 5.563 104.500 6.178
201803 5.719 105.300 6.303
201806 5.885 104.900 6.511
201809 6.290 106.600 6.848
201812 6.444 106.500 7.022
201903 6.619 107.700 7.133
201906 6.940 107.700 7.478
201909 7.338 109.800 7.756
201912 7.388 111.200 7.711
202003 7.520 112.300 7.772
202006 7.607 110.400 7.997
202009 7.904 111.700 8.212
202012 7.918 111.500 8.242
202103 8.133 112.662 8.378
202106 8.230 111.769 8.546
202109 8.429 112.215 8.718
202112 8.367 113.108 8.585
202203 8.442 114.335 8.569
202206 8.486 114.558 8.597
202209 8.683 115.339 8.737
202212 10.035 115.116 10.117
202303 8.945 115.116 9.018
202306 8.978 114.558 9.095
202309 9.141 115.339 9.198
202312 9.237 114.781 9.340
202403 9.484 115.227 9.552
202406 9.673 114.781 9.780
202409 9.749 115.785 9.772
202412 9.845 114.893 9.945
202503 10.115 115.116 10.198
202506 10.173 114.907 10.275
202509 10.169 115.471 10.221
202512 10.274 115.832 10.294
202603 10.377 116.303 10.355
202606 10.279 116.056 10.279

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 1.02 mean?
Shanghai Shyndec Pharmaceutical Co (SHSE:600420) has a Cyclically Adjusted PB Ratio of 1.02 as of Aug. 31, 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 Shanghai Shyndec Pharmaceutical Co and its competitors. This is 51% below median its historical median of 2.07. Over the past decade, Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 0.95 to 9.63. According to the industry distribution chart, Shanghai Shyndec Pharmaceutical Co ranks #197 out of 639 companies in the Drug Manufacturers industry, placing it in the top 30.8%.
Is Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Shanghai Shyndec Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.02 is 51% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 9.63. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.73. Shanghai Shyndec Pharmaceutical Co's value of 1.02 is 41% below this industry median. Based on the distribution chart, Shanghai Shyndec Pharmaceutical Co ranks #197 out of 639 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Shanghai Shyndec Pharmaceutical Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Shyndec Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Shanghai Shyndec Pharmaceutical Co ranks #197 out of 639 companies for Cyclically Adjusted PB Ratio. This puts Shanghai Shyndec Pharmaceutical Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.73. Shanghai Shyndec Pharmaceutical Co's value of 1.02 is 41% below this benchmark. Historically, Shanghai Shyndec Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 9.63 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 1.73, Shanghai Shyndec Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.73, based on 639 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. Shanghai Shyndec Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.02 is 41% 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 Shanghai Shyndec Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Shyndec Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 1.02, which is 51% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Shyndec Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Shyndec Pharmaceutical Co (SHSE:600420) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.46, compared to a current price of ¥8.51 — trading 18.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.02, which is 51% below median its 10-year median of 2.07 and 41% below the Drug Manufacturers industry median of 1.73. Shanghai Shyndec Pharmaceutical Co's overall GF Score™ is 61/100 with 5 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 Shanghai Shyndec Pharmaceutical Co (SHSE:600420), the current Cyclically Adjusted PB Ratio is 1.02 as of Aug. 31, 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 Shanghai Shyndec Pharmaceutical Co (SHSE:600420) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Shyndec Pharmaceutical Co stock appears to be undervalued. The current stock price of ¥8.51 is trading 18.6% below its estimated GF Value™ of ¥10.46. GuruFocus considers Shanghai Shyndec Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for SHSE:600420:

  • Cyclically Adjusted PB Ratio: 1.02 (51% below median its 10-year median of 2.07)
  • GF Value™: ¥10.46 vs. price of ¥8.51 (18.6% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 41% below the Drug Manufacturers median (#197 of 639)

No single metric tells the full story. See the SHSE:600420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Shyndec Pharmaceutical Co Business Description

Address No.1320 Beijinxi Road, Shanghai, CHN, 200040
Shanghai Shyndec Pharmaceutical Co Ltd engages in the research, development, production, and sale of pharmaceutical preparations, biological pharmaceuticals, chemical raw materials, and Chinese medicine formulations in China and internationally. It provides biological and chemical raw material medicines, microbial fermentation products and tablets, capsules, granules, injections, suspensions, and suppositories, as well as ointments, including product formulations.
61GF Score

Get the complete analysis for SHSE:600420

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

¥8.51
Price
¥10.46
GF Value