Shanghai Chlor-alkali Chemical Co (SHSE:600618) Cyclically Adjusted PB Ratio: 1.96 (As of Sep. 04, 2026) — 31% 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:600618 Shanghai Chlor-alkali Chemical Co Ltd SHSE:600618
76 GF Score
Price ¥10.46
GF Value ¥10.57
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Shanghai Chlor-alkali Chemical Co Cyclically Adjusted PB Ratio?

Shanghai Chlor-alkali Chemical Co SHSE:600618 +0.29% 76 Cyclically Adjusted PB Ratio is 1.96 as of Sep. 04, 2026, which is 31% below its 10-year median of 2.84. GuruFocus rates SHSE:600618 with a GF Score™ of 76/100 and a GF Value™ of ¥10.57 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,092 Chemicals companies, Shanghai Chlor-alkali Chemical Co ranks worse than 55.86% on this metric.

As of today (2026-09-04), Shanghai Chlor-alkali Chemical Co's current share price is ¥10.46. Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥5.33. Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio for today is 1.96.

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

SHSE:600618' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 2.84   Max: 6.37
Current: 2

During the past years, Shanghai Chlor-alkali Chemical Co's highest Cyclically Adjusted PB Ratio was 6.37. The lowest was 1.75. And the median was 2.84.

SHSE:600618's Cyclically Adjusted PB Ratio is ranked worse than
55.86% of 1092 companies
in the Chemicals industry
Industry Median: 1.69 vs SHSE:600618: 2.00

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 Chlor-alkali Chemical Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥8.136. 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 ¥5.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Chlor-alkali Chemical Co  (SHSE:600618) 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 Chlor-alkali Chemical Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Chlor-alkali Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Chlor-alkali 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.

Shanghai Chlor-alkali Chemical Co Cyclically Adjusted PB Ratio Chart

Shanghai Chlor-alkali 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 3.93 2.76 2.30 2.23 2.37

Shanghai Chlor-alkali 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 2.05 2.13 2.37 2.41 1.89

SHSE:600618 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shanghai Chlor-alkali 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.


Shanghai Chlor-alkali Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

* The bar in red indicates where Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600618
76GF Score
Shanghai Chlor-alkali Chemical Co Ltd SHSE:600618
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Chlor-alkali 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.

Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.46/5.33
=1.96

* 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 Chlor-alkali Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shanghai Chlor-alkali 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)
=8.136/116.0564*116.0564
=8.136

Current CPI (Jun. 2026) = 116.0564.

Shanghai Chlor-alkali Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.922 102.400 2.178
201612 1.679 102.600 1.899
201703 1.729 103.200 1.944
201706 1.894 103.100 2.132
201709 2.195 104.100 2.447
201712 2.524 104.500 2.803
201803 2.669 105.300 2.942
201806 2.808 104.900 3.107
201809 3.065 106.600 3.337
201812 3.445 106.500 3.754
201903 3.659 107.700 3.943
201906 3.728 107.700 4.017
201909 3.873 109.800 4.094
201912 4.025 111.200 4.201
202003 4.098 112.300 4.235
202006 4.050 110.400 4.258
202009 4.218 111.700 4.383
202012 4.445 111.500 4.627
202103 4.745 112.662 4.888
202106 4.973 111.769 5.164
202109 5.394 112.215 5.579
202112 5.936 113.108 6.091
202203 6.351 114.335 6.447
202206 6.302 114.558 6.384
202209 6.515 115.339 6.556
202212 6.736 115.116 6.791
202303 6.897 115.116 6.953
202306 6.630 114.558 6.717
202309 6.755 115.339 6.797
202312 7.029 114.781 7.107
202403 7.209 115.227 7.261
202406 7.114 114.781 7.193
202409 7.328 115.785 7.345
202412 7.516 114.893 7.592
202503 7.719 115.116 7.782
202506 7.701 114.907 7.778
202509 7.841 115.471 7.881
202512 8.063 115.832 8.079
202603 8.237 116.303 8.220
202606 8.136 116.056 8.136

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 1.96 mean?
Shanghai Chlor-alkali Chemical Co (SHSE:600618) has a Cyclically Adjusted PB Ratio of 1.96 as of Sep. 04, 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 Chlor-alkali Chemical Co and its competitors. This is 31% below median its historical median of 2.84. Over the past decade, Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio has ranged from 1.75 to 6.37. According to the industry distribution chart, Shanghai Chlor-alkali Chemical Co ranks #610 out of 1092 companies in the Chemicals industry, placing it in the top 55.9%.
Is Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio too high?
Shanghai Chlor-alkali Chemical Co's current Cyclically Adjusted PB Ratio of 1.96 is 31% below median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 6.37. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.69. Shanghai Chlor-alkali Chemical Co's value of 1.96 is 16% above this industry median. Based on the distribution chart, Shanghai Chlor-alkali Chemical Co ranks #610 out of 1092 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shanghai Chlor-alkali Chemical Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Chlor-alkali Chemical Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Shanghai Chlor-alkali Chemical Co ranks #610 out of 1092 companies for Cyclically Adjusted PB Ratio. This places Shanghai Chlor-alkali Chemical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Shanghai Chlor-alkali Chemical Co's value of 1.96 is 16% above this benchmark. Historically, Shanghai Chlor-alkali Chemical Co's own Cyclically Adjusted PB Ratio has ranged from 1.75 to 6.37 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.69, Shanghai Chlor-alkali 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 1.69, based on 1,092 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 Chlor-alkali Chemical Co's current Cyclically Adjusted PB Ratio of 1.96 is 16% 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 Shanghai Chlor-alkali Chemical Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Chlor-alkali Chemical Co's current Cyclically Adjusted PB Ratio is 1.96, which is 31% below median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Chlor-alkali Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Chlor-alkali Chemical Co (SHSE:600618) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.57, compared to a current price of ¥10.46 — trading 1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.96, which is 31% below median its 10-year median of 2.84 and 16% above the Chemicals industry median of 1.69. Shanghai Chlor-alkali Chemical Co's overall GF Score™ is 76/100 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 Shanghai Chlor-alkali Chemical Co (SHSE:600618), the current Cyclically Adjusted PB Ratio is 1.96 as of Sep. 04, 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 Chlor-alkali Chemical Co (SHSE:600618) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Chlor-alkali Chemical Co stock appears to be undervalued. The current stock price of ¥10.46 is trading 1% below its estimated GF Value™ of ¥10.57. GuruFocus considers Shanghai Chlor-alkali Chemical Co to be Fairly Valued.

Key valuation signals for SHSE:600618:

  • Cyclically Adjusted PB Ratio: 1.96 (31% below median its 10-year median of 2.84)
  • GF Value™: ¥10.57 vs. price of ¥10.46 (1% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 16% above the Chemicals median (#610 of 1092)

No single metric tells the full story. See the SHSE:600618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Chlor-alkali Chemical Co Business Description

Other Exchanges 900908:China
Address 4747 Longwu Road, Shanghai, CHN, 00241
Shanghai Chlor-alkali Chemical Co Ltd produces chemical products. The company's product portfolio includes sodium hydroxide, chlorine, chlorine products, polyvinyl chloride plastics resin and the products. It is focused on export markets in the Middle East, South America, and Africa for its sales performance. Its majority of revenues are from the production and sale of Chlorine products.
76GF Score

Get the complete analysis for SHSE:600618

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

¥10.46
Price
¥10.57
GF Value