Nanning Department Store Co (SHSE:600712) Cyclically Adjusted PB Ratio: 3.06 (As of Aug. 13, 2026) — 18% Above Median

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SHSE:600712 Nanning Department Store Co Ltd SHSE:600712
45 GF Score
Price ¥5.48
GF Value ¥4.05
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Nanning Department Store Co Cyclically Adjusted PB Ratio?

Nanning Department Store Co SHSE:600712 -1.97% 45 Cyclically Adjusted PB Ratio is 3.06 as of Aug. 13, 2026, which is 18% above its 10-year median of 2.60. GuruFocus rates SHSE:600712 with a GF Score™ of 45/100 and a GF Value™ of ¥4.05 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 798 Retail - Cyclical companies, Nanning Department Store Co ranks worse than 78.95% on this metric.

As of today (2026-08-13), Nanning Department Store Co's current share price is ¥5.48. Nanning Department Store Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥1.79. Nanning Department Store Co's Cyclically Adjusted PB Ratio for today is 3.06.

The historical rank and industry rank for Nanning Department Store Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600712' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.6   Max: 9
Current: 3.06

During the past years, Nanning Department Store Co's highest Cyclically Adjusted PB Ratio was 9.00. The lowest was 1.61. And the median was 2.60.

SHSE:600712's Cyclically Adjusted PB Ratio is ranked worse than
78.95% of 798 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs SHSE:600712: 3.06

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.

Nanning Department Store Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥1.392. 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 ¥1.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanning Department Store Co  (SHSE:600712) 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.


Nanning Department Store Co Cyclically Adjusted PB Ratio Related Terms


Nanning Department Store Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nanning Department Store 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.

Nanning Department Store Co Cyclically Adjusted PB Ratio Chart

Nanning Department Store 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 1.86 2.48 2.67 3.85 3.77

Nanning Department Store 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 2.87 3.15 3.77 3.77 3.46

SHSE:600712 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Nanning Department Store 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.


Nanning Department Store Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nanning Department Store Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nanning Department Store Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600712
45GF Score
Nanning Department Store Co Ltd SHSE:600712
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nanning Department Store 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.

Nanning Department Store Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.48/1.79
=3.06

* 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.

Nanning Department Store Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nanning Department Store 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)
=1.392/116.3033*116.3033
=1.392

Current CPI (Mar. 2026) = 116.3033.

Nanning Department Store Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.019 101.400 2.316
201609 1.984 102.400 2.253
201612 1.950 102.600 2.210
201703 1.949 103.200 2.196
201706 1.927 103.100 2.174
201709 1.927 104.100 2.153
201712 1.953 104.500 2.174
201803 1.953 105.300 2.157
201806 1.936 104.900 2.146
201809 1.881 106.600 2.052
201812 1.867 106.500 2.039
201903 1.868 107.700 2.017
201906 1.869 107.700 2.018
201909 1.882 109.800 1.993
201912 1.882 111.200 1.968
202003 1.810 112.300 1.875
202006 1.810 110.400 1.907
202009 1.786 111.700 1.860
202012 1.621 111.500 1.691
202103 1.642 112.662 1.695
202106 1.631 111.769 1.697
202109 1.626 112.215 1.685
202112 1.626 113.108 1.672
202203 1.618 114.335 1.646
202206 1.600 114.558 1.624
202209 1.597 115.339 1.610
202212 1.508 115.116 1.524
202303 1.499 115.116 1.514
202306 1.488 114.558 1.511
202309 1.474 115.339 1.486
202312 1.521 114.781 1.541
202403 1.525 115.227 1.539
202406 1.525 114.781 1.545
202409 1.531 115.785 1.538
202412 1.463 114.893 1.481
202503 1.451 115.116 1.466
202506 1.438 114.907 1.455
202509 1.463 115.471 1.474
202512 1.387 115.832 1.393
202603 1.392 116.303 1.392

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 3.06 mean?
Nanning Department Store Co (SHSE:600712) has a Cyclically Adjusted PB Ratio of 3.06 as of Aug. 13, 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 Nanning Department Store Co and its competitors. This is 18% above median its historical median of 2.60. Over the past decade, Nanning Department Store Co's Cyclically Adjusted PB Ratio has ranged from 1.61 to 9.00. According to the industry distribution chart, Nanning Department Store Co ranks #630 out of 798 companies in the Retail - Cyclical industry, placing it in the top 78.9%.
Is Nanning Department Store Co's Cyclically Adjusted PB Ratio too high?
Nanning Department Store Co's current Cyclically Adjusted PB Ratio of 3.06 is 18% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 9.00. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Nanning Department Store Co's value of 3.06 is 146.8% above this industry median. Based on the distribution chart, Nanning Department Store Co ranks #630 out of 798 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Nanning Department Store Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nanning Department Store Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Nanning Department Store Co ranks #630 out of 798 companies for Cyclically Adjusted PB Ratio. This places Nanning Department Store Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Nanning Department Store Co's value of 3.06 is 146.8% above this benchmark. Historically, Nanning Department Store Co's own Cyclically Adjusted PB Ratio has ranged from 1.61 to 9.00 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 1.24, Nanning Department Store 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 798 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. Nanning Department Store Co's current Cyclically Adjusted PB Ratio of 3.06 is 146.8% 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 Nanning Department Store Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanning Department Store Co's current Cyclically Adjusted PB Ratio is 3.06, which is 18% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanning Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Nanning Department Store Co (SHSE:600712) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.05, compared to a current price of ¥5.48 — trading 35.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.06, which is 18% above median its 10-year median of 2.60 and 146.8% above the Retail - Cyclical industry median of 1.24. Nanning Department Store Co's overall GF Score™ is 45/100 with 1 warning sign 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 Nanning Department Store Co (SHSE:600712), the current Cyclically Adjusted PB Ratio is 3.06 as of Aug. 13, 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 Nanning Department Store Co (SHSE:600712) Overvalued in 2026?

Based on GuruFocus' analysis, Nanning Department Store Co stock appears to be overvalued. The current stock price of ¥5.48 is trading 35.3% above its estimated GF Value™ of ¥4.05. GuruFocus considers Nanning Department Store Co to be Significantly Overvalued.

Key valuation signals for SHSE:600712:

  • Cyclically Adjusted PB Ratio: 3.06 (18% above median its 10-year median of 2.60)
  • GF Value™: ¥4.05 vs. price of ¥5.48 (35.3% above fair value)
  • GF Score™: 45/100 with 1 warning sign
  • Industry Position: 146.8% above the Retail - Cyclical median (#630 of 798)

No single metric tells the full story. See the SHSE:600712 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nanning Department Store Co Business Description

Address No 39-41, 45 Chaoyang Road, Nanning, Guangxi, CHN, 530012
Nanning Department Store Co Ltd operates department stores. The company has around 12 stores.
45GF Score

Get the complete analysis for SHSE:600712

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

¥5.48
Price
¥4.05
GF Value