Haier Smart Home Co (SHSE:600690) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:600690 Haier Smart Home Co Ltd SHSE:600690
86 GF Score
Price ¥20.68
GF Value ¥26.88
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Haier Smart Home Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Haier Smart Home Co  (SHSE:600690) 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.


Haier Smart Home Co Cyclically Adjusted PB Ratio Related Terms


Haier Smart Home Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Haier Smart Home 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.

Haier Smart Home Co Cyclically Adjusted PB Ratio Chart

Haier Smart Home 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 3.60 2.79 2.33 3.10 2.61

Haier Smart Home Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.76 3.54 2.97 2.75 2.13

SHSE:600690 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Haier Smart Home 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.


Haier Smart Home Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Haier Smart Home Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Haier Smart Home Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600690
86GF Score
Haier Smart Home Co Ltd SHSE:600690
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Haier Smart Home 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.

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

For example, Haier Smart Home 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)
=14.374/116.3033*116.3033
=14.374

Current CPI (Mar. 2026) = 116.3033.

Haier Smart Home Co Quarterly Data

Book Value per Share CPI Adj_Book
201212 5.745 95.237 7.016
201303 6.119 96.372 7.385
201306 6.268 95.984 7.595
201309 6.925 97.332 8.275
201312 7.349 97.624 8.755
201403 8.403 98.600 9.912
201406 8.705 98.200 10.310
201409 9.691 98.900 11.396
201412 9.560 99.000 11.231
201503 10.103 99.900 11.762
201506 11.066 99.500 12.935
201509 100.500 0.000
201512 5.298 100.600 6.125
201603 5.551 102.200 6.317
201606 5.852 101.400 6.712
201609 5.856 102.400 6.651
201612 6.180 102.600 7.005
201703 6.716 103.200 7.569
201706 6.976 103.100 7.869
201709 7.217 104.100 8.063
201712 7.777 104.500 8.655
201803 7.941 105.300 8.771
201806 8.229 104.900 9.124
201809 8.370 106.600 9.132
201812 8.689 106.500 9.489
201903 8.976 107.700 9.693
201909 9.568 109.800 10.135
202003 10.074 112.300 10.433
202009 10.392 111.700 10.820
202103 8.166 112.662 8.430
202109 8.422 112.215 8.729
202203 9.045 114.335 9.201
202209 9.846 115.339 9.928
202303 10.389 115.116 10.496
202309 10.770 115.339 10.860
202403 11.656 115.227 11.765
202409 11.952 115.785 12.006
202503 13.345 115.116 13.483
202509 13.520 115.471 13.617
202603 14.374 116.303 14.374

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.

Is Haier Smart Home Co (SHSE:600690) Overvalued in 2026?

Based on GuruFocus' analysis, Haier Smart Home Co stock appears to be undervalued. The current stock price of ¥20.68 is trading 23.1% below its estimated GF Value™ of ¥26.88. GuruFocus considers Haier Smart Home Co to be Modestly Undervalued.

Key valuation signals for SHSE:600690:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ¥26.88 vs. price of ¥20.68 (23.1% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haier Smart Home Co Business Description

Address Haier Industrial Park, Shandong Province, Laoshan District, Qingdao, CHN, 266101
Haier Smart Home is one of the largest household appliance manufacturers globally, with key products spanning refrigerators, washing machines, kitchen appliances, air conditioners, and water solutions. It has been consistently among the top three in China by retail sales in most home appliance categories. The company has also established a footprint in distribution channel services and commercial refrigeration business. Haier generates around 50% of sales outside China. As of December 2025, Haier Group and its subsidiaries are the largest shareholders of Haier Smart Home with around 29% equity interest in aggregate.
86GF Score

Get the complete analysis for SHSE:600690

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

¥20.68
Price
¥26.88
GF Value