Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Cyclically Adjusted PB Ratio: 2.70 (As of Aug. 22, 2026) — 28% Below Median

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SHSE:600426 Shandong Hualu-hengsheng Chemical Co Ltd SHSE:600426
96 GF Score
Price ¥20.77
GF Value ¥24.66
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted PB Ratio?

Shandong Hualu-hengsheng Chemical Co SHSE:600426 -0.43% 96 Cyclically Adjusted PB Ratio is 2.70 as of Aug. 22, 2026, which is 28% below its 10-year median of 3.75. GuruFocus rates SHSE:600426 with a GF Score™ of 96/100 and a GF Value™ of ¥24.66 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,160 Chemicals companies, Shandong Hualu-hengsheng Chemical Co ranks worse than 67.41% on this metric.

As of today (2026-08-22), Shandong Hualu-hengsheng Chemical Co's current share price is ¥20.77. Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥7.68. Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio for today is 2.70.

The historical rank and industry rank for Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600426' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.42   Med: 3.75   Max: 8.53
Current: 2.71

During the past years, Shandong Hualu-hengsheng Chemical Co's highest Cyclically Adjusted PB Ratio was 8.53. The lowest was 2.42. And the median was 3.75.

SHSE:600426's Cyclically Adjusted PB Ratio is ranked worse than
67.41% of 1160 companies
in the Chemicals industry
Industry Median: 1.68 vs SHSE:600426: 2.71

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.

Shandong Hualu-hengsheng Chemical Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥12.703. 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 ¥7.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Hualu-hengsheng Chemical Co  (SHSE:600426) 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.


Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted PB Ratio Related Terms


Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted PB Ratio Chart

Shandong Hualu-hengsheng Chemical 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 6.14 5.44 3.91 2.65 3.36

Shandong Hualu-hengsheng Chemical 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 2.49 2.94 3.36 3.74 2.40

SHSE:600426 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.


Shandong Hualu-hengsheng Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600426
96GF Score
Shandong Hualu-hengsheng Chemical Co Ltd SHSE:600426
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.77/7.68
=2.70

* 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.

Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shandong Hualu-hengsheng Chemical 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)
=12.703/116.0564*116.0564
=12.703

Current CPI (Jun. 2026) = 116.0564.

Shandong Hualu-hengsheng Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.894 102.400 3.280
201612 2.980 102.600 3.371
201703 3.095 103.200 3.481
201706 3.135 103.100 3.529
201709 3.245 104.100 3.618
201712 3.392 104.500 3.767
201803 3.661 105.300 4.035
201806 3.917 104.900 4.334
201809 4.230 106.600 4.605
201812 4.408 106.500 4.804
201903 4.629 107.700 4.988
201906 4.754 107.700 5.123
201909 4.974 109.800 5.257
201912 5.177 111.200 5.403
202003 5.334 112.300 5.512
202006 5.302 110.400 5.574
202009 5.443 111.700 5.655
202012 5.627 111.500 5.857
202103 6.201 112.662 6.388
202106 6.832 111.769 7.094
202109 7.501 112.215 7.758
202112 8.112 113.108 8.323
202203 8.952 114.335 9.087
202206 9.096 114.558 9.215
202209 9.470 115.339 9.529
202212 9.754 115.116 9.834
202303 10.051 115.116 10.133
202306 9.778 114.558 9.906
202309 10.228 115.339 10.292
202312 10.467 114.781 10.583
202403 10.857 115.227 10.935
202406 10.842 114.781 10.962
202409 11.146 115.785 11.172
202412 11.237 114.893 11.351
202503 11.498 115.116 11.592
202506 11.581 114.907 11.697
202509 11.848 115.471 11.908
202512 11.985 115.832 12.008
202603 12.379 116.303 12.353
202606 12.703 116.056 12.703

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 2.70 mean?
Shandong Hualu-hengsheng Chemical Co (SHSE:600426) has a Cyclically Adjusted PB Ratio of 2.70 as of Aug. 22, 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 Shandong Hualu-hengsheng Chemical Co and its competitors. This is 28% below median its historical median of 3.75. Over the past decade, Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio has ranged from 2.42 to 8.53. According to the industry distribution chart, Shandong Hualu-hengsheng Chemical Co ranks #782 out of 1160 companies in the Chemicals industry, placing it in the top 67.4%.
Is Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio too high?
Shandong Hualu-hengsheng Chemical Co's current Cyclically Adjusted PB Ratio of 2.70 is 28% below median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 8.53. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Shandong Hualu-hengsheng Chemical Co's value of 2.70 is 60.7% above this industry median. Based on the distribution chart, Shandong Hualu-hengsheng Chemical Co ranks #782 out of 1160 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shandong Hualu-hengsheng Chemical Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Hualu-hengsheng Chemical Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Shandong Hualu-hengsheng Chemical Co ranks #782 out of 1160 companies for Cyclically Adjusted PB Ratio. This places Shandong Hualu-hengsheng Chemical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Shandong Hualu-hengsheng Chemical Co's value of 2.70 is 60.7% above this benchmark. Historically, Shandong Hualu-hengsheng Chemical Co's own Cyclically Adjusted PB Ratio has ranged from 2.42 to 8.53 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 1.68, Shandong Hualu-hengsheng Chemical 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,160 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. Shandong Hualu-hengsheng Chemical Co's current Cyclically Adjusted PB Ratio of 2.70 is 60.7% 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 Shandong Hualu-hengsheng Chemical Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Hualu-hengsheng Chemical Co's current Cyclically Adjusted PB Ratio is 2.70, which is 28% below median its own 10-year median of 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Hualu-hengsheng Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Hualu-hengsheng Chemical Co (SHSE:600426) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.66, compared to a current price of ¥20.77 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.70, which is 28% below median its 10-year median of 3.75 and 60.7% above the Chemicals industry median of 1.68. Shandong Hualu-hengsheng Chemical Co's overall GF Score™ is 96/100 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 Shandong Hualu-hengsheng Chemical Co (SHSE:600426), the current Cyclically Adjusted PB Ratio is 2.70 as of Aug. 22, 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 Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Overvalued in 2026?

Based on GuruFocus' analysis, Shandong Hualu-hengsheng Chemical Co stock appears to be undervalued. The current stock price of ¥20.77 is trading 15.8% below its estimated GF Value™ of ¥24.66. GuruFocus considers Shandong Hualu-hengsheng Chemical Co to be Modestly Undervalued.

Key valuation signals for SHSE:600426:

  • Cyclically Adjusted PB Ratio: 2.70 (28% below median its 10-year median of 3.75)
  • GF Value™: ¥24.66 vs. price of ¥20.77 (15.8% below fair value)
  • GF Score™: 96/100 with 5 warning signs
  • Industry Position: 60.7% above the Chemicals median (#782 of 1160)

No single metric tells the full story. See the SHSE:600426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shandong Hualu-hengsheng Chemical Co Business Description

Address No. 24, Tianqu West Road, Shandong Province, Dezhou, CHN, 253024
Shandong Hualu-Hengsheng Chemical Co Ltd is engaged in the production and sale of chemical products and chemical fertilizers, as well as power generation and heating businesses. The company's main products include new energy and new materials related products such as caprolactam, adipic acid, and others, chemical fertilizers such as urea and others, organic amines such as dimethylformamide (DMF), monomethylamine, and others, and acetic acid and derivatives products such as acetic acid, acetic anhydride, and others.
96GF Score

Get the complete analysis for SHSE:600426

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

¥20.77
Price
¥24.66
GF Value