Shanxi Luan Chemical Technology Co (SHSE:600691) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 27, 2026) — 11% 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:600691 Shanxi Luan Chemical Technology Co Ltd SHSE:600691
49 GF Score
Price ¥2.66
GF Value ¥2.22
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Shanxi Luan Chemical Technology Co Cyclically Adjusted PB Ratio?

Shanxi Luan Chemical Technology Co SHSE:600691 -0.37% 49 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 27, 2026, which is 11% below its 10-year median of 1.31. GuruFocus rates SHSE:600691 with a GF Score™ of 49/100 and a GF Value™ of ¥2.22 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,126 Chemicals companies, Shanxi Luan Chemical Technology Co ranks better than 63.94% on this metric.

As of today (2026-08-27), Shanxi Luan Chemical Technology Co's current share price is ¥2.66. Shanxi Luan Chemical Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥2.29. Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio for today is 1.16.

The historical rank and industry rank for Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600691' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.31   Max: 3.53
Current: 1.12

During the past years, Shanxi Luan Chemical Technology Co's highest Cyclically Adjusted PB Ratio was 3.53. The lowest was 0.57. And the median was 1.31.

SHSE:600691's Cyclically Adjusted PB Ratio is ranked better than
63.94% of 1126 companies
in the Chemicals industry
Industry Median: 1.66 vs SHSE:600691: 1.12

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.

Shanxi Luan Chemical Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥1.309. 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 ¥2.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanxi Luan Chemical Technology Co  (SHSE:600691) 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.


Shanxi Luan Chemical Technology Co Cyclically Adjusted PB Ratio Related Terms


Shanxi Luan Chemical Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanxi Luan Chemical Technology 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.

Shanxi Luan Chemical Technology Co Cyclically Adjusted PB Ratio Chart

Shanxi Luan Chemical Technology 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 2.21 1.22 1.28 0.91 1.19

Shanxi Luan Chemical Technology 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 0.86 1.00 1.25 1.19 1.45

SHSE:600691 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shanxi Luan Chemical Technology 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.


Shanxi Luan Chemical Technology Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600691
49GF Score
Shanxi Luan Chemical Technology Co Ltd SHSE:600691
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanxi Luan Chemical Technology 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.

Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.66/2.29
=1.16

* 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.

Shanxi Luan Chemical Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanxi Luan Chemical Technology 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)
=1.309/116.3033*116.3033
=1.309

Current CPI (Mar. 2026) = 116.3033.

Shanxi Luan Chemical Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.424 101.400 2.780
201609 2.192 102.400 2.490
201612 2.103 102.600 2.384
201703 2.115 103.200 2.384
201706 2.139 103.100 2.413
201709 2.151 104.100 2.403
201712 2.876 104.500 3.201
201803 2.203 105.300 2.433
201806 2.239 104.900 2.482
201809 1.657 106.600 1.808
201812 2.496 106.500 2.726
201903 2.500 107.700 2.700
201906 2.507 107.700 2.707
201909 2.427 109.800 2.571
201912 2.277 111.200 2.381
202003 2.167 112.300 2.244
202006 2.019 110.400 2.127
202009 1.974 111.700 2.055
202012 2.329 111.500 2.429
202103 2.386 112.662 2.463
202106 2.472 111.769 2.572
202109 2.515 112.215 2.607
202112 2.511 113.108 2.582
202203 2.552 114.335 2.596
202206 2.610 114.558 2.650
202209 2.594 115.339 2.616
202212 2.528 115.116 2.554
202303 2.537 115.116 2.563
202306 2.441 114.558 2.478
202309 2.435 115.339 2.455
202312 1.956 114.781 1.982
202403 1.942 115.227 1.960
202406 1.838 114.781 1.862
202409 1.796 115.785 1.804
202412 1.673 114.893 1.694
202503 1.615 115.116 1.632
202506 1.580 114.907 1.599
202509 1.522 115.471 1.533
202512 1.328 115.832 1.333
202603 1.309 116.303 1.309

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 1.16 mean?
Shanxi Luan Chemical Technology Co (SHSE:600691) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 27, 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 Shanxi Luan Chemical Technology Co and its competitors. This is 11% below median its historical median of 1.31. Over the past decade, Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio has ranged from 0.57 to 3.53. According to the industry distribution chart, Shanxi Luan Chemical Technology Co ranks #406 out of 1126 companies in the Chemicals industry, placing it in the top 36.1%.
Is Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio too high?
Shanxi Luan Chemical Technology Co's current Cyclically Adjusted PB Ratio of 1.16 is 11% below median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.53. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Shanxi Luan Chemical Technology Co's value of 1.16 is 30.1% below this industry median. Based on the distribution chart, Shanxi Luan Chemical Technology Co ranks #406 out of 1126 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shanxi Luan Chemical Technology 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 Shanxi Luan Chemical Technology Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Shanxi Luan Chemical Technology Co ranks #406 out of 1126 companies for Cyclically Adjusted PB Ratio. This puts Shanxi Luan Chemical Technology Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Shanxi Luan Chemical Technology Co's value of 1.16 is 30.1% below this benchmark. Historically, Shanxi Luan Chemical Technology Co's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 3.53 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.66, Shanxi Luan Chemical Technology Co has consistently been below 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 1.66, based on 1,126 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. Shanxi Luan Chemical Technology Co's current Cyclically Adjusted PB Ratio of 1.16 is 30.1% below 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 Shanxi Luan Chemical Technology Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Luan Chemical Technology Co's current Cyclically Adjusted PB Ratio is 1.16, which is 11% below median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Luan Chemical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Luan Chemical Technology Co (SHSE:600691) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.22, compared to a current price of ¥2.66 — trading 19.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 11% below median its 10-year median of 1.31 and 30.1% below the Chemicals industry median of 1.66. Shanxi Luan Chemical Technology Co's overall GF Score™ is 49/100 with 4 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 Shanxi Luan Chemical Technology Co (SHSE:600691), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 27, 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 Shanxi Luan Chemical Technology Co (SHSE:600691) Overvalued in 2026?

Based on GuruFocus' analysis, Shanxi Luan Chemical Technology Co stock appears to be overvalued. The current stock price of ¥2.66 is trading 19.8% above its estimated GF Value™ of ¥2.22. GuruFocus considers Shanxi Luan Chemical Technology Co to be Modestly Overvalued.

Key valuation signals for SHSE:600691:

  • Cyclically Adjusted PB Ratio: 1.16 (11% below median its 10-year median of 1.31)
  • GF Value™: ¥2.22 vs. price of ¥2.66 (19.8% above fair value)
  • GF Score™: 49/100 with 4 warning signs
  • Industry Position: 30.1% below the Chemicals median (#406 of 1126)

No single metric tells the full story. See the SHSE:600691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanxi Luan Chemical Technology Co Business Description

Address No. 72 Shuangta West Street, Yingze District, Shanxi Province, Days Hotel Lu\'an, Taiyuan, CHN, 030006
Shanxi Luan Chemical Technology Co Ltd is engaged in Production and sales of coal chemical products (including agricultural chemical products, basic chemical products, fine chemical products) and chemical equipment, manufacturing of chemical machinery and equipment, research and development of chemical products, etc.
49GF Score

Get the complete analysis for SHSE:600691

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

¥2.66
Price
¥2.22
GF Value