Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) Cyclically Adjusted PB Ratio: 2.53 (As of Aug. 30, 2026) — 35% 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:600679 Shanghai Phoenix Enterprise (Group) Co Ltd SHSE:600679
57 GF Score
Price ¥10.18
GF Value ¥12.38
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Shanghai Phoenix Enterprise (Group) Co Cyclically Adjusted PB Ratio?

Shanghai Phoenix Enterprise (Group) Co SHSE:600679 +3.88% 57 Cyclically Adjusted PB Ratio is 2.53 as of Aug. 30, 2026, which is 35% below its 10-year median of 3.87. GuruFocus rates SHSE:600679 with a GF Score™ of 57/100 and a GF Value™ of ¥12.38 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 602 Travel & Leisure companies, Shanghai Phoenix Enterprise (Group) Co ranks worse than 72.76% on this metric.

As of today (2026-08-30), Shanghai Phoenix Enterprise (Group) Co's current share price is ¥10.18. Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥4.02. Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio for today is 2.53.

The historical rank and industry rank for Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600679' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17   Med: 3.87   Max: 21.52
Current: 2.53

During the past years, Shanghai Phoenix Enterprise (Group) Co's highest Cyclically Adjusted PB Ratio was 21.52. The lowest was 2.17. And the median was 3.87.

SHSE:600679's Cyclically Adjusted PB Ratio is ranked worse than
72.76% of 602 companies
in the Travel & Leisure industry
Industry Median: 1.175 vs SHSE:600679: 2.53

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 Phoenix Enterprise (Group) Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥4.302. 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 ¥4.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Phoenix Enterprise (Group) Co  (SHSE:600679) 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 Phoenix Enterprise (Group) Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Phoenix Enterprise (Group) Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Phoenix Enterprise (Group) 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 Phoenix Enterprise (Group) Co Cyclically Adjusted PB Ratio Chart

Shanghai Phoenix Enterprise (Group) 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 3.83 2.56 2.89 3.46 3.37

Shanghai Phoenix Enterprise (Group) 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 3.32 3.39 3.17 3.37 3.00

SHSE:600679 vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Shanghai Phoenix Enterprise (Group) 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 Phoenix Enterprise (Group) Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600679
57GF Score
Shanghai Phoenix Enterprise (Group) Co Ltd SHSE:600679
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Phoenix Enterprise (Group) 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 Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.18/4.02
=2.53

* 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 Phoenix Enterprise (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanghai Phoenix Enterprise (Group) 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)
=4.302/116.3033*116.3033
=4.302

Current CPI (Mar. 2026) = 116.3033.

Shanghai Phoenix Enterprise (Group) Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.029 101.400 3.474
201609 3.065 102.400 3.481
201612 3.140 102.600 3.559
201703 3.153 103.200 3.553
201706 3.246 103.100 3.662
201709 3.304 104.100 3.691
201712 3.328 104.500 3.704
201803 3.325 105.300 3.672
201806 3.325 104.900 3.686
201809 3.359 106.600 3.665
201812 3.334 106.500 3.641
201903 3.379 107.700 3.649
201906 3.415 107.700 3.688
201909 3.426 109.800 3.629
201912 3.418 111.200 3.575
202003 3.380 112.300 3.500
202006 3.499 110.400 3.686
202009 3.029 111.700 3.154
202012 4.083 111.500 4.259
202103 4.118 112.662 4.251
202106 4.178 111.769 4.347
202109 4.750 112.215 4.923
202112 4.777 113.108 4.912
202203 4.833 114.335 4.916
202206 4.887 114.558 4.961
202209 4.837 115.339 4.877
202212 4.098 115.116 4.140
202303 4.130 115.116 4.173
202306 4.157 114.558 4.220
202309 4.169 115.339 4.204
202312 4.189 114.781 4.245
202403 4.254 115.227 4.294
202406 4.294 114.781 4.351
202409 4.338 115.785 4.357
202412 3.947 114.893 3.995
202503 3.977 115.116 4.018
202506 4.046 114.907 4.095
202509 4.152 115.471 4.182
202512 4.140 115.832 4.157
202603 4.302 116.303 4.302

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 2.53 mean?
Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) has a Cyclically Adjusted PB Ratio of 2.53 as of Aug. 30, 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 Phoenix Enterprise (Group) Co and its competitors. This is 35% below median its historical median of 3.87. Over the past decade, Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio has ranged from 2.17 to 21.52. According to the industry distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #438 out of 602 companies in the Travel & Leisure industry, placing it in the top 72.8%.
Is Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio too high?
Shanghai Phoenix Enterprise (Group) Co's current Cyclically Adjusted PB Ratio of 2.53 is 35% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 21.52. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Shanghai Phoenix Enterprise (Group) Co's value of 2.53 is 115.3% above this industry median. Based on the distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #438 out of 602 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Shanghai Phoenix Enterprise (Group) Co has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Phoenix Enterprise (Group) Co's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shanghai Phoenix Enterprise (Group) Co ranks #438 out of 602 companies for Cyclically Adjusted PB Ratio. This places Shanghai Phoenix Enterprise (Group) Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Shanghai Phoenix Enterprise (Group) Co's value of 2.53 is 115.3% above this benchmark. Historically, Shanghai Phoenix Enterprise (Group) Co's own Cyclically Adjusted PB Ratio has ranged from 2.17 to 21.52 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 1.18, Shanghai Phoenix Enterprise (Group) 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.18, based on 602 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 Phoenix Enterprise (Group) Co's current Cyclically Adjusted PB Ratio of 2.53 is 115.3% 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 Phoenix Enterprise (Group) Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Phoenix Enterprise (Group) Co's current Cyclically Adjusted PB Ratio is 2.53, which is 35% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Phoenix Enterprise (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Phoenix Enterprise (Group) Co (SHSE:600679) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.38, compared to a current price of ¥10.18 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.53, which is 35% below median its 10-year median of 3.87 and 115.3% above the Travel & Leisure industry median of 1.18. Shanghai Phoenix Enterprise (Group) Co's overall GF Score™ is 57/100 with 6 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 Phoenix Enterprise (Group) Co (SHSE:600679), the current Cyclically Adjusted PB Ratio is 2.53 as of Aug. 30, 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 Phoenix Enterprise (Group) Co (SHSE:600679) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Phoenix Enterprise (Group) Co stock appears to be undervalued. The current stock price of ¥10.18 is trading 17.8% below its estimated GF Value™ of ¥12.38. GuruFocus considers Shanghai Phoenix Enterprise (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600679:

  • Cyclically Adjusted PB Ratio: 2.53 (35% below median its 10-year median of 3.87)
  • GF Value™: ¥12.38 vs. price of ¥10.18 (17.8% below fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 115.3% above the Travel & Leisure median (#438 of 602)

No single metric tells the full story. See the SHSE:600679 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Phoenix Enterprise (Group) Co Business Description

Other Exchanges 900916:China
Address Fuquan North Road, 4th Floor, Building 6, No. 518, Changning District, Shanghai, CHN
Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets.
57GF Score

Get the complete analysis for SHSE:600679

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

¥10.18
Price
¥12.38
GF Value