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.
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.
Avic Shenyang Aircraft CoSHSE:600760 +1.24%70 Cyclically Adjusted PB Ratio is 10.53 as of Aug. 26, 2026, which is 27% below its 10-year median of 14.38. GuruFocus rates SHSE:600760 with a GF Score™ of 70/100 and a GF Value™ of ¥47.82 (Fairly Valued). The stock has 5 warning signs investors should review. Among 204 Aerospace & Defense companies, Avic Shenyang Aircraft Co ranks worse than 84.8% on this metric.
The historical rank and industry rank for Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600760'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.78 Med: 14.38 Max: 27.16
Current: 10.54
During the past years, Avic Shenyang Aircraft Co's highest Cyclically Adjusted PB Ratio was 27.16. The lowest was 4.78. And the median was 14.38.
SHSE:600760's Cyclically Adjusted PB Ratio is ranked worse than 84.8% of 204
companies
in the Aerospace & Defense industry
Industry Median: 3.39
vs SHSE:600760: 10.54
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.
Avic Shenyang Aircraft Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥8.388. 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 ¥4.26 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Avic Shenyang Aircraft Co (SHSE:600760) 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.
Avic Shenyang Aircraft Co Cyclically Adjusted PB Ratio Related Terms
Avic Shenyang Aircraft Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Avic Shenyang Aircraft 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.
Avic Shenyang Aircraft Co Cyclically Adjusted PB Ratio Chart
SHSE:600760 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison
For the Aerospace & Defense subindustry, Avic Shenyang Aircraft 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.
Avic Shenyang Aircraft Co Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio falls into.
Avic Shenyang Aircraft 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.
* 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 10.53 mean?
Avic Shenyang Aircraft Co (SHSE:600760) has a Cyclically Adjusted PB Ratio of 10.53 as of Aug. 26, 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 Avic Shenyang Aircraft Co and its competitors. This is 27% below median its historical median of 14.38. Over the past decade, Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio has ranged from 4.78 to 27.16. According to the industry distribution chart, Avic Shenyang Aircraft Co ranks #173 out of 204 companies in the Aerospace & Defense industry, placing it in the top 84.8%.
Is Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio too high?
Avic Shenyang Aircraft Co's current Cyclically Adjusted PB Ratio of 10.53 is 27% below median its 10-year median of 14.38. Over the past 10 years, this metric has ranged from a low of 4.78 to a high of 27.16. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.39. Avic Shenyang Aircraft Co's value of 10.53 is 210.6% above this industry median. Based on the distribution chart, Avic Shenyang Aircraft Co ranks #173 out of 204 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Avic Shenyang Aircraft Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avic Shenyang Aircraft Co's Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Avic Shenyang Aircraft Co ranks #173 out of 204 companies for Cyclically Adjusted PB Ratio. This places Avic Shenyang Aircraft Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.39. Avic Shenyang Aircraft Co's value of 10.53 is 210.6% above this benchmark. Historically, Avic Shenyang Aircraft Co's own Cyclically Adjusted PB Ratio has ranged from 4.78 to 27.16 over the past decade. While the company's 10-year median is 14.38 vs. the industry median of 3.39, Avic Shenyang Aircraft 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.39, based on 204 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. Avic Shenyang Aircraft Co's current Cyclically Adjusted PB Ratio of 10.53 is 210.6% 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 Avic Shenyang Aircraft Co and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avic Shenyang Aircraft Co's current Cyclically Adjusted PB Ratio is 10.53, which is 27% below median its own 10-year median of 14.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avic Shenyang Aircraft Co stock overvalued right now?
Based on GuruFocus' analysis, Avic Shenyang Aircraft Co (SHSE:600760) is currently considered Fairly Valued. The stock's GF Value™ is ¥47.82, compared to a current price of ¥44.87 — trading 6.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.53, which is 27% below median its 10-year median of 14.38 and 210.6% above the Aerospace & Defense industry median of 3.39. Avic Shenyang Aircraft Co's overall GF Score™ is 70/100 with 5 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 Avic Shenyang Aircraft Co (SHSE:600760), the current Cyclically Adjusted PB Ratio is 10.53 as of Aug. 26, 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 Avic Shenyang Aircraft Co (SHSE:600760) Overvalued in 2026?
Based on GuruFocus' analysis, Avic Shenyang Aircraft Co stock appears to be undervalued.
The current stock price of ¥44.87 is trading 6.2% below its estimated GF Value™ of ¥47.82.
GuruFocus considers Avic Shenyang Aircraft Co to be Fairly Valued.
Key valuation signals for SHSE:600760:
Cyclically Adjusted PB Ratio: 10.53 (27% below median its 10-year median of 14.38)
GF Value™: ¥47.82 vs. price of ¥44.87 (6.2% below fair value)
Industry Position: 210.6% above the Aerospace & Defense median (#173 of 204)
No single metric tells the full story. See the SHSE:600760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avic Shenyang Aircraft Co Ltd is engaged in manufacturing aviation product. Its products offerings include aviation defense equipment and civil aviation products. Civil aviation products include domestic and foreign civil aircraft parts.
70GF Score
Get the complete analysis for SHSE:600760
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600760 has been successfully added to your 
