Liuzhou Chemical Industry Co (SHSE:600423) Cyclically Adjusted PB Ratio: 4.22 (As of Aug. 18, 2026) — 121% Above Median

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SHSE:600423 Liuzhou Chemical Industry Co Ltd SHSE:600423
53 GF Score
Price ¥2.87
GF Value ¥3.08
Valuation Fairly Valued
! 4 Warning Signs
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What is Liuzhou Chemical Industry Co Cyclically Adjusted PB Ratio?

Liuzhou Chemical Industry Co SHSE:600423 -0.69% 53 Cyclically Adjusted PB Ratio is 4.22 as of Aug. 18, 2026, which is 121% above its 10-year median of 1.91. GuruFocus rates SHSE:600423 with a GF Score™ of 53/100 and a GF Value™ of ¥3.08 (Fairly Valued). The stock has 4 warning signs investors should review. Among 183 Agriculture companies, Liuzhou Chemical Industry Co ranks worse than 84.15% on this metric.

As of today (2026-08-18), Liuzhou Chemical Industry Co's current share price is ¥2.87. Liuzhou Chemical Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥0.68. Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio for today is 4.22.

The historical rank and industry rank for Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600423' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.91   Max: 5.87
Current: 4.12

During the past years, Liuzhou Chemical Industry Co's highest Cyclically Adjusted PB Ratio was 5.87. The lowest was 0.90. And the median was 1.91.

SHSE:600423's Cyclically Adjusted PB Ratio is ranked worse than
84.15% of 183 companies
in the Agriculture industry
Industry Median: 1.45 vs SHSE:600423: 4.12

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.

Liuzhou Chemical Industry Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥0.677. 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 ¥0.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liuzhou Chemical Industry Co  (SHSE:600423) 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.


Liuzhou Chemical Industry Co Cyclically Adjusted PB Ratio Related Terms


Liuzhou Chemical Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liuzhou Chemical Industry 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.

Liuzhou Chemical Industry Co Cyclically Adjusted PB Ratio Chart

Liuzhou Chemical Industry 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 2.01 2.05 2.86 3.02 5.06

Liuzhou Chemical Industry 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 4.10 4.71 5.06 5.47 3.30

SHSE:600423 vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Liuzhou Chemical Industry 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.


Liuzhou Chemical Industry Co Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600423
53GF Score
Liuzhou Chemical Industry Co Ltd SHSE:600423
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liuzhou Chemical Industry 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.

Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.87/0.68
=4.22

* 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.

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

For example, Liuzhou Chemical Industry 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)
=0.677/116.0564*116.0564
=0.677

Current CPI (Jun. 2026) = 116.0564.

Liuzhou Chemical Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.899 102.400 1.019
201612 -0.061 102.600 -0.069
201703 0.047 103.200 0.053
201706 -0.269 103.100 -0.303
201709 -0.501 104.100 -0.559
201712 0.097 104.500 0.108
201803 0.123 105.300 0.136
201806 0.042 104.900 0.046
201809 0.175 106.600 0.191
201812 2.741 106.500 2.987
201903 2.602 107.700 2.804
201906 2.435 107.700 2.624
201909 2.133 109.800 2.255
201912 0.475 111.200 0.496
202003 0.475 112.300 0.491
202006 0.469 110.400 0.493
202009 0.474 111.700 0.492
202012 0.492 111.500 0.512
202103 0.507 112.662 0.522
202106 0.519 111.769 0.539
202109 0.525 112.215 0.543
202112 0.529 113.108 0.543
202203 0.533 114.335 0.541
202206 0.542 114.558 0.549
202209 0.538 115.339 0.541
202212 0.547 115.116 0.551
202303 0.549 115.116 0.553
202306 0.549 114.558 0.556
202309 0.560 115.339 0.563
202312 0.637 114.781 0.644
202403 0.655 115.227 0.660
202406 0.672 114.781 0.679
202409 0.692 115.785 0.694
202412 0.691 114.893 0.698
202503 0.693 115.116 0.699
202506 0.695 114.907 0.702
202509 0.700 115.471 0.704
202512 0.659 115.832 0.660
202603 0.664 116.303 0.663
202606 0.677 116.056 0.677

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 4.22 mean?
Liuzhou Chemical Industry Co (SHSE:600423) has a Cyclically Adjusted PB Ratio of 4.22 as of Aug. 18, 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 Liuzhou Chemical Industry Co and its competitors. This is 121% above median its historical median of 1.91. Over the past decade, Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.90 to 5.87. According to the industry distribution chart, Liuzhou Chemical Industry Co ranks #154 out of 183 companies in the Agriculture industry, placing it in the top 84.2%.
Is Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio too high?
Liuzhou Chemical Industry Co's current Cyclically Adjusted PB Ratio of 4.22 is 121% above median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 5.87. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.45. Liuzhou Chemical Industry Co's value of 4.22 is 191% above this industry median. Based on the distribution chart, Liuzhou Chemical Industry Co ranks #154 out of 183 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Liuzhou Chemical Industry Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liuzhou Chemical Industry Co's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Liuzhou Chemical Industry Co ranks #154 out of 183 companies for Cyclically Adjusted PB Ratio. This places Liuzhou Chemical Industry Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Liuzhou Chemical Industry Co's value of 4.22 is 191% above this benchmark. Historically, Liuzhou Chemical Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 5.87 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 1.45, Liuzhou Chemical Industry 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.45, based on 183 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. Liuzhou Chemical Industry Co's current Cyclically Adjusted PB Ratio of 4.22 is 191% 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 Liuzhou Chemical Industry Co and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liuzhou Chemical Industry Co's current Cyclically Adjusted PB Ratio is 4.22, which is 121% above median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liuzhou Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Liuzhou Chemical Industry Co (SHSE:600423) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.08, compared to a current price of ¥2.87 — trading 6.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.22, which is 121% above median its 10-year median of 1.91 and 191% above the Agriculture industry median of 1.45. Liuzhou Chemical Industry Co's overall GF Score™ is 53/100 with 4 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 Liuzhou Chemical Industry Co (SHSE:600423), the current Cyclically Adjusted PB Ratio is 4.22 as of Aug. 18, 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 Liuzhou Chemical Industry Co (SHSE:600423) Overvalued in 2026?

Based on GuruFocus' analysis, Liuzhou Chemical Industry Co stock appears to be undervalued. The current stock price of ¥2.87 is trading 6.8% below its estimated GF Value™ of ¥3.08. GuruFocus considers Liuzhou Chemical Industry Co to be Fairly Valued.

Key valuation signals for SHSE:600423:

  • Cyclically Adjusted PB Ratio: 4.22 (121% above median its 10-year median of 1.91)
  • GF Value™: ¥3.08 vs. price of ¥2.87 (6.8% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 191% above the Agriculture median (#154 of 183)

No single metric tells the full story. See the SHSE:600423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liuzhou Chemical Industry Co Business Description

Address No. 106, Yuejin Road, 26th Floor, Bahuijin International, Liubei District, Guangxi, Liuzhou, CHN, 545001
Liuzhou Chemical Industry Co Ltd is engaged in producing and selling chemical fertilizers. The product line includes - porous ammonium nitrate, sodium nitrite, soda ash, granular ammonium nitrate, industrial sulfur, sodium nitrate, potassium sulfate, urea, ammonium chloride, hydrogen peroxide, compound fertilizer, nitro fertilizer, food-grade carbon dioxide, liquid ammonia, and others.
53GF Score

Get the complete analysis for SHSE:600423

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

¥2.87
Price
¥3.08
GF Value