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Tianjin Benefo Tejing Electric CoSHSE:600468 +0.34%62 Cyclically Adjusted PB Ratio is 3.33 as of Aug. 22, 2026, which is 14% below its 10-year median of 3.85. GuruFocus rates SHSE:600468 with a GF Score™ of 62/100 and a GF Value™ of ¥5.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,159 Industrial Products companies, Tianjin Benefo Tejing Electric Co ranks worse than 66.98% on this metric.
The historical rank and industry rank for Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600468'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.39 Med: 3.85 Max: 10.41
Current: 3.47
During the past years, Tianjin Benefo Tejing Electric Co's highest Cyclically Adjusted PB Ratio was 10.41. The lowest was 2.39. And the median was 3.85.
SHSE:600468's Cyclically Adjusted PB Ratio is ranked worse than 66.98% of 2159
companies
in the Industrial Products industry
Industry Median: 2.14
vs SHSE:600468: 3.47
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.
Tianjin Benefo Tejing Electric Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥1.874. 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 ¥1.77 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tianjin Benefo Tejing Electric Co (SHSE:600468) 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.
Tianjin Benefo Tejing Electric Co Cyclically Adjusted PB Ratio Related Terms
Tianjin Benefo Tejing Electric Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Tianjin Benefo Tejing Electric Co Cyclically Adjusted PB Ratio Chart
SHSE:600468 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison
For the Electrical Equipment & Parts subindustry, Tianjin Benefo Tejing Electric 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.
Tianjin Benefo Tejing Electric Co Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio falls into.
Tianjin Benefo Tejing Electric 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.
* 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.
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 3.33 mean?
Tianjin Benefo Tejing Electric Co (SHSE:600468) has a Cyclically Adjusted PB Ratio of 3.33 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 Tianjin Benefo Tejing Electric Co and its competitors. This is 14% below median its historical median of 3.85. Over the past decade, Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio has ranged from 2.39 to 10.41. According to the industry distribution chart, Tianjin Benefo Tejing Electric Co ranks #1446 out of 2159 companies in the Industrial Products industry, placing it in the top 67%.
Is Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio too high?
Tianjin Benefo Tejing Electric Co's current Cyclically Adjusted PB Ratio of 3.33 is 14% below median its 10-year median of 3.85. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 10.41. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Tianjin Benefo Tejing Electric Co's value of 3.33 is 55.6% above this industry median. Based on the distribution chart, Tianjin Benefo Tejing Electric Co ranks #1446 out of 2159 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Tianjin Benefo Tejing Electric Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianjin Benefo Tejing Electric Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tianjin Benefo Tejing Electric Co ranks #1446 out of 2159 companies for Cyclically Adjusted PB Ratio. This places Tianjin Benefo Tejing Electric Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Tianjin Benefo Tejing Electric Co's value of 3.33 is 55.6% above this benchmark. Historically, Tianjin Benefo Tejing Electric Co's own Cyclically Adjusted PB Ratio has ranged from 2.39 to 10.41 over the past decade. While the company's 10-year median is 3.85 vs. the industry median of 2.14, Tianjin Benefo Tejing Electric 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,159 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. Tianjin Benefo Tejing Electric Co's current Cyclically Adjusted PB Ratio of 3.33 is 55.6% 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 Tianjin Benefo Tejing Electric Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin Benefo Tejing Electric Co's current Cyclically Adjusted PB Ratio is 3.33, which is 14% below median its own 10-year median of 3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin Benefo Tejing Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin Benefo Tejing Electric Co (SHSE:600468) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.87, compared to a current price of ¥5.89 — trading 0.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.33, which is 14% below median its 10-year median of 3.85 and 55.6% above the Industrial Products industry median of 2.14. Tianjin Benefo Tejing Electric Co's overall GF Score™ is 62/100 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 Tianjin Benefo Tejing Electric Co (SHSE:600468), the current Cyclically Adjusted PB Ratio is 3.33 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 Tianjin Benefo Tejing Electric Co (SHSE:600468) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin Benefo Tejing Electric Co stock appears to be overvalued.
The current stock price of ¥5.89 is trading 0.3% above its estimated GF Value™ of ¥5.87.
GuruFocus considers Tianjin Benefo Tejing Electric Co to be Fairly Valued.
Key valuation signals for SHSE:600468:
Cyclically Adjusted PB Ratio: 3.33 (14% below median its 10-year median of 3.85)
GF Value™: ¥5.87 vs. price of ¥5.89 (0.3% above fair value)
Industry Position: 55.6% above the Industrial Products median (#1446 of 2159)
No single metric tells the full story. See the SHSE:600468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin Benefo Tejing Electric Co Ltd is engaged in the manufacture of transmission and distribution equipment, high and low-voltage electrical components, and electrical transmission and distribution equipment in China. The products include: high-power power electronic products SVG, SVC, used to stabilize system voltage and solve system voltage fluctuation problems; transmission system secondary control power connection products, used for high-voltage and ultra-high-voltage switch control system connection; distribution switch control equipment, used to provide distribution system solutions.
62GF Score
Get the complete analysis for SHSE:600468
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