Sichuan Swellfun Co (SHSE:600779) Cyclically Adjusted PB Ratio: 4.61 (As of Aug. 17, 2026) — 64% Below Median

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SHSE:600779 Sichuan Swellfun Co Ltd SHSE:600779
86 GF Score
Price ¥27.96
GF Value ¥29.47
Valuation Fairly Valued
! 6 Warning Signs
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What is Sichuan Swellfun Co Cyclically Adjusted PB Ratio?

Sichuan Swellfun Co SHSE:600779 -1.79% 86 Cyclically Adjusted PB Ratio is 4.61 as of Aug. 17, 2026, which is 64% below its 10-year median of 12.79. GuruFocus rates SHSE:600779 with a GF Score™ of 86/100 and a GF Value™ of ¥29.47 (Fairly Valued). The stock has 6 warning signs investors should review. Among 164 Beverages - Alcoholic companies, Sichuan Swellfun Co ranks worse than 89.02% on this metric.

As of today (2026-08-17), Sichuan Swellfun Co's current share price is ¥27.96. Sichuan Swellfun Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥6.06. Sichuan Swellfun Co's Cyclically Adjusted PB Ratio for today is 4.61.

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

SHSE:600779' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.41   Med: 12.79   Max: 38.9
Current: 4.7

During the past years, Sichuan Swellfun Co's highest Cyclically Adjusted PB Ratio was 38.90. The lowest was 4.41. And the median was 12.79.

SHSE:600779's Cyclically Adjusted PB Ratio is ranked worse than
89.02% of 164 companies
in the Beverages - Alcoholic industry
Industry Median: 1.43 vs SHSE:600779: 4.70

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.

Sichuan Swellfun Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥10.840. 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 ¥6.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sichuan Swellfun Co  (SHSE:600779) 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.


Sichuan Swellfun Co Cyclically Adjusted PB Ratio Related Terms


Sichuan Swellfun Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sichuan Swellfun 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.

Sichuan Swellfun Co Cyclically Adjusted PB Ratio Chart

Sichuan Swellfun 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 31.11 20.62 13.27 10.59 6.59

Sichuan Swellfun 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 9.26 7.86 7.68 6.59 5.41

SHSE:600779 vs STZ: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Sichuan Swellfun 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.


Sichuan Swellfun Co Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Sichuan Swellfun Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sichuan Swellfun Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600779
86GF Score
Sichuan Swellfun Co Ltd SHSE:600779
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sichuan Swellfun 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.

Sichuan Swellfun Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.96/6.06
=4.61

* 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.

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

For example, Sichuan Swellfun 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)
=10.84/116.3033*116.3033
=10.840

Current CPI (Mar. 2026) = 116.3033.

Sichuan Swellfun Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.734 101.400 3.136
201609 2.853 102.400 3.240
201612 3.008 102.600 3.410
201703 3.197 103.200 3.603
201706 2.782 103.100 3.138
201709 3.046 104.100 3.403
201712 3.235 104.500 3.600
201803 3.552 105.300 3.923
201806 3.162 104.900 3.506
201809 3.562 106.600 3.886
201812 3.801 106.500 4.151
201903 4.248 107.700 4.587
201906 3.354 107.700 3.622
201909 3.952 109.800 4.186
201912 4.323 111.200 4.521
202003 4.715 112.300 4.883
202006 3.087 110.400 3.252
202009 3.905 111.700 4.066
202012 4.373 111.500 4.561
202103 5.232 112.662 5.401
202106 3.944 111.769 4.104
202109 4.977 112.215 5.158
202112 5.389 113.108 5.541
202203 6.043 114.335 6.147
202206 5.325 114.558 5.406
202209 6.739 115.339 6.795
202212 7.082 115.116 7.155
202303 7.421 115.116 7.498
202306 6.807 114.558 6.911
202309 8.490 115.339 8.561
202312 8.998 114.781 9.117
202403 9.231 115.227 9.317
202406 8.435 114.781 8.547
202409 10.198 115.785 10.244
202412 10.641 114.893 10.772
202503 11.011 115.116 11.125
202506 9.873 114.907 9.993
202509 10.325 115.471 10.399
202512 10.489 115.832 10.532
202603 10.840 116.303 10.840

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 4.61 mean?
Sichuan Swellfun Co (SHSE:600779) has a Cyclically Adjusted PB Ratio of 4.61 as of Aug. 17, 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 Sichuan Swellfun Co and its competitors. This is 64% below median its historical median of 12.79. Over the past decade, Sichuan Swellfun Co's Cyclically Adjusted PB Ratio has ranged from 4.41 to 38.90. According to the industry distribution chart, Sichuan Swellfun Co ranks #146 out of 164 companies in the Beverages - Alcoholic industry, placing it in the top 89%.
Is Sichuan Swellfun Co's Cyclically Adjusted PB Ratio too high?
Sichuan Swellfun Co's current Cyclically Adjusted PB Ratio of 4.61 is 64% below median its 10-year median of 12.79. Over the past 10 years, this metric has ranged from a low of 4.41 to a high of 38.90. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Sichuan Swellfun Co's value of 4.61 is 222.4% above this industry median. Based on the distribution chart, Sichuan Swellfun Co ranks #146 out of 164 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Sichuan Swellfun Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Swellfun Co's Cyclically Adjusted PB Ratio compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, Sichuan Swellfun Co ranks #146 out of 164 companies for Cyclically Adjusted PB Ratio. This places Sichuan Swellfun Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Sichuan Swellfun Co's value of 4.61 is 222.4% above this benchmark. Historically, Sichuan Swellfun Co's own Cyclically Adjusted PB Ratio has ranged from 4.41 to 38.90 over the past decade. While the company's 10-year median is 12.79 vs. the industry median of 1.43, Sichuan Swellfun 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 164 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. Sichuan Swellfun Co's current Cyclically Adjusted PB Ratio of 4.61 is 222.4% 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 Sichuan Swellfun Co and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sichuan Swellfun Co's current Cyclically Adjusted PB Ratio is 4.61, which is 64% below median its own 10-year median of 12.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sichuan Swellfun Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Swellfun Co (SHSE:600779) is currently considered Fairly Valued. The stock's GF Value™ is ¥29.47, compared to a current price of ¥27.96 — trading 5.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.61, which is 64% below median its 10-year median of 12.79 and 222.4% above the Beverages - Alcoholic industry median of 1.43. Sichuan Swellfun Co's overall GF Score™ is 86/100 with 6 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 Sichuan Swellfun Co (SHSE:600779), the current Cyclically Adjusted PB Ratio is 4.61 as of Aug. 17, 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 Sichuan Swellfun Co (SHSE:600779) Overvalued in 2026?

Based on GuruFocus' analysis, Sichuan Swellfun Co stock appears to be undervalued. The current stock price of ¥27.96 is trading 5.1% below its estimated GF Value™ of ¥29.47. GuruFocus considers Sichuan Swellfun Co to be Fairly Valued.

Key valuation signals for SHSE:600779:

  • Cyclically Adjusted PB Ratio: 4.61 (64% below median its 10-year median of 12.79)
  • GF Value™: ¥29.47 vs. price of ¥27.96 (5.1% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 222.4% above the Beverages - Alcoholic median (#146 of 164)

No single metric tells the full story. See the SHSE:600779 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sichuan Swellfun Co Business Description

Address No. 9, Quanxing Road, Jinniu District, Sichuan Province, Chengdu, CHN, 610036
Located in Chengdu, Sichuan Swellfun, or Swellfun, is one of the six most famous baijiu distillers in Sichuan province. The company produces rich-flavored baijiu, with a strong focus on midrange to subpremium markets. The global distiller giant Diageo is the controlling shareholder with 63% of equity stake as of December 2025, which makes Swellfun the only foreign-controlled baijiu producer in China.
86GF Score

Get the complete analysis for SHSE:600779

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

¥27.96
Price
¥29.47
GF Value