Nanjing Panda Electronics Co (SHSE:600775) Cyclically Adjusted PB Ratio: 2.54 (As of Aug. 18, 2026) — Near 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:600775 Nanjing Panda Electronics Co Ltd SHSE:600775
59 GF Score
Price ¥9.84
GF Value ¥9.26
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Nanjing Panda Electronics Co Cyclically Adjusted PB Ratio?

Nanjing Panda Electronics Co SHSE:600775 -1.60% 59 Cyclically Adjusted PB Ratio is 2.54 as of Aug. 18, 2026, which is 0% below its 10-year median of 2.55. GuruFocus rates SHSE:600775 with a GF Score™ of 59/100 and a GF Value™ of ¥9.26 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,962 Hardware companies, Nanjing Panda Electronics Co ranks worse than 57.14% on this metric.

As of today (2026-08-18), Nanjing Panda Electronics Co's current share price is ¥9.84. Nanjing Panda Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥3.87. Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio for today is 2.54.

The historical rank and industry rank for Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600775' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.55   Max: 5.55
Current: 2.59

During the past years, Nanjing Panda Electronics Co's highest Cyclically Adjusted PB Ratio was 5.55. The lowest was 1.40. And the median was 2.55.

SHSE:600775's Cyclically Adjusted PB Ratio is ranked worse than
57.14% of 1962 companies
in the Hardware industry
Industry Median: 2.115 vs SHSE:600775: 2.59

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.

Nanjing Panda Electronics Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥3.404. 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 ¥3.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanjing Panda Electronics Co  (SHSE:600775) 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.


Nanjing Panda Electronics Co Cyclically Adjusted PB Ratio Related Terms


Nanjing Panda Electronics Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nanjing Panda Electronics 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.

Nanjing Panda Electronics Co Cyclically Adjusted PB Ratio Chart

Nanjing Panda Electronics 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 2.62 2.64 3.35 2.57 3.16

Nanjing Panda Electronics 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 2.50 2.81 2.91 3.16 3.45

SHSE:600775 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Nanjing Panda Electronics 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.


Nanjing Panda Electronics Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600775
59GF Score
Nanjing Panda Electronics Co Ltd SHSE:600775
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nanjing Panda Electronics 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.

Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.84/3.87
=2.54

* 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.

Nanjing Panda Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nanjing Panda Electronics 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)
=3.404/116.3033*116.3033
=3.404

Current CPI (Mar. 2026) = 116.3033.

Nanjing Panda Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.563 101.400 4.087
201609 3.590 102.400 4.077
201612 3.633 102.600 4.118
201703 3.645 103.200 4.108
201706 3.612 103.100 4.075
201709 3.619 104.100 4.043
201712 3.681 104.500 4.097
201803 3.710 105.300 4.098
201806 3.667 104.900 4.066
201809 3.700 106.600 4.037
201812 3.795 106.500 4.144
201903 3.810 107.700 4.114
201906 3.762 107.700 4.063
201909 3.767 109.800 3.990
201912 3.773 111.200 3.946
202003 3.729 112.300 3.862
202006 3.770 110.400 3.972
202009 3.781 111.700 3.937
202012 3.840 111.500 4.005
202103 3.826 112.662 3.950
202106 3.835 111.769 3.991
202109 3.819 112.215 3.958
202112 3.860 113.108 3.969
202203 3.842 114.335 3.908
202206 3.859 114.558 3.918
202209 3.850 115.339 3.882
202212 3.889 115.116 3.929
202303 3.857 115.116 3.897
202306 3.846 114.558 3.905
202309 3.841 115.339 3.873
202312 3.615 114.781 3.663
202403 3.564 115.227 3.597
202406 3.540 114.781 3.587
202409 3.506 115.785 3.522
202412 3.408 114.893 3.450
202503 3.369 115.116 3.404
202506 3.358 114.907 3.399
202509 3.309 115.471 3.333
202512 3.419 115.832 3.433
202603 3.404 116.303 3.404

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 2.54 mean?
Nanjing Panda Electronics Co (SHSE:600775) has a Cyclically Adjusted PB Ratio of 2.54 as of Aug. 18, 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 Nanjing Panda Electronics Co and its competitors. This is near median its historical median of 2.55. Over the past decade, Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio has ranged from 1.40 to 5.55. According to the industry distribution chart, Nanjing Panda Electronics Co ranks #1121 out of 1962 companies in the Hardware industry, placing it in the top 57.1%.
Is Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio too high?
Nanjing Panda Electronics Co's current Cyclically Adjusted PB Ratio of 2.54 is near median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 5.55. The Hardware industry median Cyclically Adjusted PB Ratio is 2.12. Nanjing Panda Electronics Co's value of 2.54 is 20.1% above this industry median. Based on the distribution chart, Nanjing Panda Electronics Co ranks #1121 out of 1962 companies in the Hardware industry, which is below the industry midpoint. Overall, Nanjing Panda Electronics Co has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nanjing Panda Electronics Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Nanjing Panda Electronics Co ranks #1121 out of 1962 companies for Cyclically Adjusted PB Ratio. This places Nanjing Panda Electronics Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Nanjing Panda Electronics Co's value of 2.54 is 20.1% above this benchmark. Historically, Nanjing Panda Electronics Co's own Cyclically Adjusted PB Ratio has ranged from 1.40 to 5.55 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 2.12, Nanjing Panda Electronics 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.12, based on 1,962 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. Nanjing Panda Electronics Co's current Cyclically Adjusted PB Ratio of 2.54 is 20.1% 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 Nanjing Panda Electronics Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanjing Panda Electronics Co's current Cyclically Adjusted PB Ratio is 2.54, which is near median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanjing Panda Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Nanjing Panda Electronics Co (SHSE:600775) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.26, compared to a current price of ¥9.84 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.54, which is near median its 10-year median of 2.55 and 20.1% above the Hardware industry median of 2.12. Nanjing Panda Electronics Co's overall GF Score™ is 59/100 with 2 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 Nanjing Panda Electronics Co (SHSE:600775), the current Cyclically Adjusted PB Ratio is 2.54 as of Aug. 18, 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 Nanjing Panda Electronics Co (SHSE:600775) Overvalued in 2026?

Based on GuruFocus' analysis, Nanjing Panda Electronics Co stock appears to be overvalued. The current stock price of ¥9.84 is trading 6.3% above its estimated GF Value™ of ¥9.26. GuruFocus considers Nanjing Panda Electronics Co to be Fairly Valued.

Key valuation signals for SHSE:600775:

  • Cyclically Adjusted PB Ratio: 2.54 (near median its 10-year median of 2.55)
  • GF Value™: ¥9.26 vs. price of ¥9.84 (6.3% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 20.1% above the Hardware median (#1121 of 1962)

No single metric tells the full story. See the SHSE:600775 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nanjing Panda Electronics Co Business Description

Other Exchanges 00553:Hong Kong
Address 7 Jingtian Road, Jiangsu Province, Nanjing, CHN, 210033
Nanjing Panda Electronics Co Ltd is a manufacturer and supplier of electronic equipment products. it provides domestic and foreign brand manufacturers with complete manufacturing services, such as R&D, process design, procurement management, manufacturing and warehousing of 3C, new display module components, core components of white appliances, automotive electronics, communication equipment, and other electronic products Its operations into four main segments: Smart Transportation System and Safe City; Green service - oriented electronic manufacturing; Industrial Internet and Intelligent Manufacturing and Offsetting. It derives maximum revenue from the Smart Transportation System and Safe City segment.
59GF Score

Get the complete analysis for SHSE:600775

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

¥9.84
Price
¥9.26
GF Value