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Ningbo Joyson ElectronicSHSE:600699 +0.57%81 Cyclically Adjusted PB Ratio is 1.93 as of Aug. 21, 2026, which is 39% below its 10-year median of 3.14. GuruFocus rates SHSE:600699 with a GF Score™ of 81/100 and a GF Value™ of ¥18.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 958 Vehicles & Parts companies, Ningbo Joyson Electronic ranks worse than 64.2% on this metric.
The historical rank and industry rank for Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600699'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45 Med: 3.14 Max: 15.33
Current: 1.93
During the past years, Ningbo Joyson Electronic's highest Cyclically Adjusted PB Ratio was 15.33. The lowest was 1.45. And the median was 3.14.
SHSE:600699's Cyclically Adjusted PB Ratio is ranked worse than 64.2% of 958
companies
in the Vehicles & Parts industry
Industry Median: 1.245
vs SHSE:600699: 1.93
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.
Ningbo Joyson Electronic's adjusted book value per share data for the three months ended in Mar. 2026 was ¥11.301. 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 ¥10.07 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ningbo Joyson Electronic (SHSE:600699) 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.
Ningbo Joyson Electronic Cyclically Adjusted PB Ratio Related Terms
Ningbo Joyson Electronic Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Ningbo Joyson Electronic'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.
Ningbo Joyson Electronic Cyclically Adjusted PB Ratio Chart
SHSE:600699 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison
For the Auto Parts subindustry, Ningbo Joyson Electronic'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.
Ningbo Joyson Electronic Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio falls into.
Ningbo Joyson Electronic 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.
* 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 1.93 mean?
Ningbo Joyson Electronic (SHSE:600699) has a Cyclically Adjusted PB Ratio of 1.93 as of Aug. 21, 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 Ningbo Joyson Electronic and its competitors. This is 39% below median its historical median of 3.14. Over the past decade, Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio has ranged from 1.45 to 15.33. According to the industry distribution chart, Ningbo Joyson Electronic ranks #615 out of 958 companies in the Vehicles & Parts industry, placing it in the top 64.2%.
Is Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio too high?
Ningbo Joyson Electronic's current Cyclically Adjusted PB Ratio of 1.93 is 39% below median its 10-year median of 3.14. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 15.33. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.25. Ningbo Joyson Electronic's value of 1.93 is 55% above this industry median. Based on the distribution chart, Ningbo Joyson Electronic ranks #615 out of 958 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Ningbo Joyson Electronic has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Joyson Electronic's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo Joyson Electronic ranks #615 out of 958 companies for Cyclically Adjusted PB Ratio. This places Ningbo Joyson Electronic in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Ningbo Joyson Electronic's value of 1.93 is 55% above this benchmark. Historically, Ningbo Joyson Electronic's own Cyclically Adjusted PB Ratio has ranged from 1.45 to 15.33 over the past decade. While the company's 10-year median is 3.14 vs. the industry median of 1.25, Ningbo Joyson Electronic 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 1.25, based on 958 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. Ningbo Joyson Electronic's current Cyclically Adjusted PB Ratio of 1.93 is 55% 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 Ningbo Joyson Electronic and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Joyson Electronic's current Cyclically Adjusted PB Ratio is 1.93, which is 39% below median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Joyson Electronic stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Joyson Electronic (SHSE:600699) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.79, compared to a current price of ¥19.42 — trading 3.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.93, which is 39% below median its 10-year median of 3.14 and 55% above the Vehicles & Parts industry median of 1.25. Ningbo Joyson Electronic's overall GF Score™ is 81/100 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 Ningbo Joyson Electronic (SHSE:600699), the current Cyclically Adjusted PB Ratio is 1.93 as of Aug. 21, 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 Ningbo Joyson Electronic (SHSE:600699) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Joyson Electronic stock appears to be overvalued.
The current stock price of ¥19.42 is trading 3.4% above its estimated GF Value™ of ¥18.79.
GuruFocus considers Ningbo Joyson Electronic to be Fairly Valued.
Key valuation signals for SHSE:600699:
Cyclically Adjusted PB Ratio: 1.93 (39% below median its 10-year median of 3.14)
GF Value™: ¥18.79 vs. price of ¥19.42 (3.4% above fair value)
Industry Position: 55% above the Vehicles & Parts median (#615 of 958)
No single metric tells the full story. See the SHSE:600699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Joyson Electronic Corp is a key supplier of automotive electronics and automotive safety. It is mainly engaged in the research and development and manufacturing of smart cockpits, smart networking, smart driving, new energy management and automotive safety. It currently has two business divisions, automotive safety and automotive electronics. The automotive electronics segment principally includes intelligent vehicle solutions, covering areas such as cockpit domain controllers, intelligent automotive connectivity, and intelligent driving, as well as human-machine interface products and new energy control systems. The automotive safety segment principally encompasses products such as seat belts, airbags, intelligent steering wheels, and integrated safety solutions.
81GF Score
Get the complete analysis for SHSE:600699
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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