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China Security CoSHSE:600654 53 Cyclically Adjusted PB Ratio is 4.45 as of Aug. 22, 2026, which is 118% above its 10-year median of 2.04. GuruFocus rates SHSE:600654 with a GF Score™ of 53/100 and a GF Value™ of ¥2.88 (Fairly Valued). The stock has 2 warning signs investors should review. Among 717 Business Services companies, China Security Co ranks worse than 84.94% on this metric.
The historical rank and industry rank for China Security Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600654'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 2.04 Max: 12.45
Current: 4.6
During the past years, China Security Co's highest Cyclically Adjusted PB Ratio was 12.45. The lowest was 0.62. And the median was 2.04.
SHSE:600654's Cyclically Adjusted PB Ratio is ranked worse than 84.94% of 717
companies
in the Business Services industry
Industry Median: 1.53
vs SHSE:600654: 4.60
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.
China Security Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥0.586. 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 ¥0.64 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
China Security Co (SHSE:600654) 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.
China Security Co Cyclically Adjusted PB Ratio Related Terms
China Security Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for China Security 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.
China Security Co Cyclically Adjusted PB Ratio Chart
SHSE:600654 vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison
For the Security & Protection Services subindustry, China Security 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.
China Security Co Cyclically Adjusted PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, China Security Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where China Security Co's Cyclically Adjusted PB Ratio falls into.
China Security 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.
China Security Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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 4.45 mean?
China Security Co (SHSE:600654) has a Cyclically Adjusted PB Ratio of 4.45 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 China Security Co and its competitors. This is 118% above median its historical median of 2.04. Over the past decade, China Security Co's Cyclically Adjusted PB Ratio has ranged from 0.62 to 12.45. According to the industry distribution chart, China Security Co ranks #609 out of 717 companies in the Business Services industry, placing it in the top 84.9%.
Is China Security Co's Cyclically Adjusted PB Ratio too high?
China Security Co's current Cyclically Adjusted PB Ratio of 4.45 is 118% above median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 12.45. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. China Security Co's value of 4.45 is 190.8% above this industry median. Based on the distribution chart, China Security Co ranks #609 out of 717 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, China Security Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Security Co's Cyclically Adjusted PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, China Security Co ranks #609 out of 717 companies for Cyclically Adjusted PB Ratio. This places China Security Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. China Security Co's value of 4.45 is 190.8% above this benchmark. Historically, China Security Co's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 12.45 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 1.53, China Security 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 717 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. China Security Co's current Cyclically Adjusted PB Ratio of 4.45 is 190.8% 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 China Security Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Security Co's current Cyclically Adjusted PB Ratio is 4.45, which is 118% above median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Security Co stock overvalued right now?
Based on GuruFocus' analysis, China Security Co (SHSE:600654) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.88, compared to a current price of ¥2.85 — trading 1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.45, which is 118% above median its 10-year median of 2.04 and 190.8% above the Business Services industry median of 1.53. China Security Co's overall GF Score™ is 53/100 with 2 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 China Security Co (SHSE:600654), the current Cyclically Adjusted PB Ratio is 4.45 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 China Security Co (SHSE:600654) Overvalued in 2026?
Based on GuruFocus' analysis, China Security Co stock appears to be undervalued.
The current stock price of ¥2.85 is trading 1% below its estimated GF Value™ of ¥2.88.
GuruFocus considers China Security Co to be Fairly Valued.
Key valuation signals for SHSE:600654:
Cyclically Adjusted PB Ratio: 4.45 (118% above median its 10-year median of 2.04)
GF Value™: ¥2.88 vs. price of ¥2.85 (1% below fair value)
Industry Position: 190.8% above the Business Services median (#609 of 717)
No single metric tells the full story. See the SHSE:600654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Security Co Ltd is a professional smart city system integrator and comprehensive security service provider in China. It is involved in system integration and product manufacture. Its domestic business includes Public Safety, Smart Living, Smart Industry, and Smart Integration. Its international business includes Cash Logistics Management, Property Security Service, Electronic Security Service, Guard Security Services, Facility Management Service, and Extended Security Services.
53GF Score
Get the complete analysis for SHSE:600654
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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