Liaoning Shenhua Holdings Co (SHSE:600653) Cyclically Adjusted PB Ratio: 2.18 (As of Aug. 18, 2026) — 15% Above Median

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SHSE:600653 Liaoning Shenhua Holdings Co Ltd SHSE:600653
49 GF Score
Price ¥1.68
GF Value ¥1.49
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Liaoning Shenhua Holdings Co Cyclically Adjusted PB Ratio?

Liaoning Shenhua Holdings Co SHSE:600653 -1.18% 49 Cyclically Adjusted PB Ratio is 2.18 as of Aug. 18, 2026, which is 15% above its 10-year median of 1.89. GuruFocus rates SHSE:600653 with a GF Score™ of 49/100 and a GF Value™ of ¥1.49 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 972 Vehicles & Parts companies, Liaoning Shenhua Holdings Co ranks worse than 67.18% on this metric.

As of today (2026-08-18), Liaoning Shenhua Holdings Co's current share price is ¥1.68. Liaoning Shenhua Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥0.77. Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio for today is 2.18.

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

SHSE:600653' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 1.89   Max: 4.35
Current: 2.17

During the past years, Liaoning Shenhua Holdings Co's highest Cyclically Adjusted PB Ratio was 4.35. The lowest was 1.28. And the median was 1.89.

SHSE:600653's Cyclically Adjusted PB Ratio is ranked worse than
67.18% of 972 companies
in the Vehicles & Parts industry
Industry Median: 1.275 vs SHSE:600653: 2.17

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.

Liaoning Shenhua Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥0.321. 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 ¥0.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liaoning Shenhua Holdings Co  (SHSE:600653) 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.


Liaoning Shenhua Holdings Co Cyclically Adjusted PB Ratio Related Terms


Liaoning Shenhua Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liaoning Shenhua Holdings 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.

Liaoning Shenhua Holdings Co Cyclically Adjusted PB Ratio Chart

Liaoning Shenhua Holdings 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 1.81 1.81 1.93 2.45 2.39

Liaoning Shenhua Holdings 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 2.37 2.26 2.57 2.39 2.31

SHSE:600653 vs CVNA, PAG, KMX: Cyclically Adjusted PB Ratio Comparison

For the Auto & Truck Dealerships subindustry, Liaoning Shenhua Holdings 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.


Liaoning Shenhua Holdings Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600653
49GF Score
Liaoning Shenhua Holdings Co Ltd SHSE:600653
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liaoning Shenhua Holdings 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.

Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.68/0.77
=2.18

* 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.

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

For example, Liaoning Shenhua Holdings 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)
=0.321/116.3033*116.3033
=0.321

Current CPI (Mar. 2026) = 116.3033.

Liaoning Shenhua Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.148 101.400 1.317
201609 1.104 102.400 1.254
201612 1.225 102.600 1.389
201703 1.183 103.200 1.333
201706 1.135 103.100 1.280
201709 1.075 104.100 1.201
201712 0.930 104.500 1.035
201803 0.864 105.300 0.954
201806 0.815 104.900 0.904
201809 0.873 106.600 0.952
201812 1.097 106.500 1.198
201903 1.110 107.700 1.199
201906 1.112 107.700 1.201
201909 1.092 109.800 1.157
201912 0.969 111.200 1.013
202003 0.945 112.300 0.979
202006 0.949 110.400 1.000
202009 0.948 111.700 0.987
202012 0.561 111.500 0.585
202103 0.567 112.662 0.585
202106 0.568 111.769 0.591
202109 0.569 112.215 0.590
202112 0.604 113.108 0.621
202203 0.605 114.335 0.615
202206 0.598 114.558 0.607
202209 0.588 115.339 0.593
202212 0.512 115.116 0.517
202303 0.500 115.116 0.505
202306 0.483 114.558 0.490
202309 0.465 115.339 0.469
202312 0.403 114.781 0.408
202403 0.389 115.227 0.393
202406 0.383 114.781 0.388
202409 0.374 115.785 0.376
202412 0.422 114.893 0.427
202503 0.416 115.116 0.420
202506 0.391 114.907 0.396
202509 0.376 115.471 0.379
202512 0.333 115.832 0.334
202603 0.321 116.303 0.321

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 2.18 mean?
Liaoning Shenhua Holdings Co (SHSE:600653) has a Cyclically Adjusted PB Ratio of 2.18 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 Liaoning Shenhua Holdings Co and its competitors. This is 15% above median its historical median of 1.89. Over the past decade, Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.35. According to the industry distribution chart, Liaoning Shenhua Holdings Co ranks #653 out of 972 companies in the Vehicles & Parts industry, placing it in the top 67.2%.
Is Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio too high?
Liaoning Shenhua Holdings Co's current Cyclically Adjusted PB Ratio of 2.18 is 15% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 4.35. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Liaoning Shenhua Holdings Co's value of 2.18 is 71% above this industry median. Based on the distribution chart, Liaoning Shenhua Holdings Co ranks #653 out of 972 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Liaoning Shenhua Holdings Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liaoning Shenhua Holdings Co's Cyclically Adjusted PB Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Liaoning Shenhua Holdings Co ranks #653 out of 972 companies for Cyclically Adjusted PB Ratio. This places Liaoning Shenhua Holdings Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Liaoning Shenhua Holdings Co's value of 2.18 is 71% above this benchmark. Historically, Liaoning Shenhua Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.28 to 4.35 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.28, Liaoning Shenhua Holdings 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 972 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. Liaoning Shenhua Holdings Co's current Cyclically Adjusted PB Ratio of 2.18 is 71% 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 Liaoning Shenhua Holdings Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liaoning Shenhua Holdings Co's current Cyclically Adjusted PB Ratio is 2.18, which is 15% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liaoning Shenhua Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Liaoning Shenhua Holdings Co (SHSE:600653) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.49, compared to a current price of ¥1.68 — trading 12.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 15% above median its 10-year median of 1.89 and 71% above the Vehicles & Parts industry median of 1.28. Liaoning Shenhua Holdings Co's overall GF Score™ is 49/100 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 Liaoning Shenhua Holdings Co (SHSE:600653), the current Cyclically Adjusted PB Ratio is 2.18 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 Liaoning Shenhua Holdings Co (SHSE:600653) Overvalued in 2026?

Based on GuruFocus' analysis, Liaoning Shenhua Holdings Co stock appears to be overvalued. The current stock price of ¥1.68 is trading 12.8% above its estimated GF Value™ of ¥1.49. GuruFocus considers Liaoning Shenhua Holdings Co to be Modestly Overvalued.

Key valuation signals for SHSE:600653:

  • Cyclically Adjusted PB Ratio: 2.18 (15% above median its 10-year median of 1.89)
  • GF Value™: ¥1.49 vs. price of ¥1.68 (12.8% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 71% above the Vehicles & Parts median (#653 of 972)

No single metric tells the full story. See the SHSE:600653 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liaoning Shenhua Holdings Co Business Description

Address No.109-1 Quanyun Road, Room 235, 2nd Floor, Pilot Free Trade Zone, Shenyang, CHN, 110000
Liaoning Shenhua Holdings Co Ltd formerly Shanghai Shenhua Holdings Company is engaged in the manufacture and distribution of automobile and after-market services. It is also involved in renewable energy, real estate, financial investment and industrial management in China.
49GF Score

Get the complete analysis for SHSE:600653

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

¥1.68
Price
¥1.49
GF Value