Guanghui Logistics Co (SHSE:600603) Cyclically Adjusted PB Ratio: 0.86 (As of Aug. 14, 2026) — 59% 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:600603 Guanghui Logistics Co Ltd SHSE:600603
51 GF Score
Price ¥4.38
GF Value ¥5.24
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Guanghui Logistics Co Cyclically Adjusted PB Ratio?

Guanghui Logistics Co SHSE:600603 -1.79% 51 Cyclically Adjusted PB Ratio is 0.86 as of Aug. 14, 2026, which is 59% below its 10-year median of 2.09. GuruFocus rates SHSE:600603 with a GF Score™ of 51/100 and a GF Value™ of ¥5.24 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,401 Real Estate companies, Guanghui Logistics Co ranks worse than 58.67% on this metric.

As of today (2026-08-14), Guanghui Logistics Co's current share price is ¥4.38. Guanghui Logistics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥5.07. Guanghui Logistics Co's Cyclically Adjusted PB Ratio for today is 0.86.

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

SHSE:600603' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 2.09   Max: 169.9
Current: 0.87

During the past years, Guanghui Logistics Co's highest Cyclically Adjusted PB Ratio was 169.90. The lowest was 0.79. And the median was 2.09.

SHSE:600603's Cyclically Adjusted PB Ratio is ranked worse than
58.67% of 1401 companies
in the Real Estate industry
Industry Median: 0.69 vs SHSE:600603: 0.87

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.

Guanghui Logistics Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥6.278. 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 ¥5.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guanghui Logistics Co  (SHSE:600603) 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.


Guanghui Logistics Co Cyclically Adjusted PB Ratio Related Terms


Guanghui Logistics Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Guanghui Logistics 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.

Guanghui Logistics Co Cyclically Adjusted PB Ratio Chart

Guanghui Logistics 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 1.37 2.37 1.95 2.12 1.27

Guanghui Logistics Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.54 1.60 1.79 1.27 1.31

SHSE:600603 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Guanghui Logistics 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.


Guanghui Logistics Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Guanghui Logistics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guanghui Logistics Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600603
51GF Score
Guanghui Logistics Co Ltd SHSE:600603
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guanghui Logistics 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.

Guanghui Logistics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.38/5.07
=0.86

* 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.

Guanghui Logistics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Guanghui Logistics Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.278/116.3033*116.3033
=6.278

Current CPI (Mar. 2026) = 116.3033.

Guanghui Logistics Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.454 101.400 -0.521
201609 -0.180 102.400 -0.204
201612 4.574 102.600 5.185
201703 3.466 103.200 3.906
201706 4.613 103.100 5.204
201709 4.588 104.100 5.126
201712 4.728 104.500 5.262
201803 4.808 105.300 5.310
201806 4.882 104.900 5.413
201809 4.856 106.600 5.298
201812 5.164 106.500 5.639
201903 5.172 107.700 5.585
201906 4.948 107.700 5.343
201909 4.815 109.800 5.100
201912 5.166 111.200 5.403
202003 4.807 112.300 4.978
202006 4.915 110.400 5.178
202009 4.976 111.700 5.181
202012 5.812 111.500 6.062
202103 5.510 112.662 5.688
202106 5.374 111.769 5.592
202109 5.427 112.215 5.625
202112 7.151 113.108 7.353
202203 4.328 114.335 4.403
202206 4.366 114.558 4.433
202209 4.386 115.339 4.423
202212 4.218 115.116 4.262
202303 4.443 115.116 4.489
202306 4.496 114.558 4.565
202309 4.838 115.339 4.878
202312 5.284 114.781 5.354
202403 5.457 115.227 5.508
202406 5.528 114.781 5.601
202409 5.623 115.785 5.648
202412 5.669 114.893 5.739
202503 6.019 115.116 6.081
202506 6.069 114.907 6.143
202509 6.123 115.471 6.167
202512 6.170 115.832 6.195
202603 6.278 116.303 6.278

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 0.86 mean?
Guanghui Logistics Co (SHSE:600603) has a Cyclically Adjusted PB Ratio of 0.86 as of Aug. 14, 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 Guanghui Logistics Co and its competitors. This is 59% below median its historical median of 2.09. Over the past decade, Guanghui Logistics Co's Cyclically Adjusted PB Ratio has ranged from 0.79 to 169.90. According to the industry distribution chart, Guanghui Logistics Co ranks #822 out of 1401 companies in the Real Estate industry, placing it in the top 58.7%.
Is Guanghui Logistics Co's Cyclically Adjusted PB Ratio too high?
Guanghui Logistics Co's current Cyclically Adjusted PB Ratio of 0.86 is 59% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 169.90. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Guanghui Logistics Co's value of 0.86 is 24.6% above this industry median. Based on the distribution chart, Guanghui Logistics Co ranks #822 out of 1401 companies in the Real Estate industry, which is below the industry midpoint. Overall, Guanghui Logistics Co has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guanghui Logistics Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Guanghui Logistics Co ranks #822 out of 1401 companies for Cyclically Adjusted PB Ratio. This places Guanghui Logistics Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Guanghui Logistics Co's value of 0.86 is 24.6% above this benchmark. Historically, Guanghui Logistics Co's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 169.90 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 0.69, Guanghui Logistics 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,401 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. Guanghui Logistics Co's current Cyclically Adjusted PB Ratio of 0.86 is 24.6% 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 Guanghui Logistics Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guanghui Logistics Co's current Cyclically Adjusted PB Ratio is 0.86, which is 59% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guanghui Logistics Co stock overvalued right now?
Based on GuruFocus' analysis, Guanghui Logistics Co (SHSE:600603) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.24, compared to a current price of ¥4.38 — trading 16.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 59% below median its 10-year median of 2.09 and 24.6% above the Real Estate industry median of 0.69. Guanghui Logistics Co's overall GF Score™ is 51/100 with 8 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 Guanghui Logistics Co (SHSE:600603), the current Cyclically Adjusted PB Ratio is 0.86 as of Aug. 14, 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 Guanghui Logistics Co (SHSE:600603) Overvalued in 2026?

Based on GuruFocus' analysis, Guanghui Logistics Co stock appears to be undervalued. The current stock price of ¥4.38 is trading 16.4% below its estimated GF Value™ of ¥5.24. GuruFocus considers Guanghui Logistics Co to be Modestly Undervalued.

Key valuation signals for SHSE:600603:

  • Cyclically Adjusted PB Ratio: 0.86 (59% below median its 10-year median of 2.09)
  • GF Value™: ¥5.24 vs. price of ¥4.38 (16.4% below fair value)
  • GF Score™: 51/100 with 8 warning signs
  • Industry Position: 24.6% above the Real Estate median (#822 of 1401)

No single metric tells the full story. See the SHSE:600603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guanghui Logistics Co Business Description

Address No.165 Xinhua North Road, Tianshan District, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000
Guanghui Logistics Co Ltd is engaged in the investment, leasing and operation of real estate.
51GF Score

Get the complete analysis for SHSE:600603

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

¥4.38
Price
¥5.24
GF Value