Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Cyclically Adjusted PB Ratio: 1.75 (As of Aug. 29, 2026) — Near Median

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SHSE:600785 Yinchuan Xinhua Commercial (Group) Co Ltd SHSE:600785
63 GF Score
Price ¥12.42
GF Value ¥9.44
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted PB Ratio?

Yinchuan Xinhua Commercial (Group) Co SHSE:600785 +6.61% 63 Cyclically Adjusted PB Ratio is 1.75 as of Aug. 29, 2026, which is 5% above its 10-year median of 1.67. GuruFocus rates SHSE:600785 with a GF Score™ of 63/100 and a GF Value™ of ¥9.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 761 Retail - Cyclical companies, Yinchuan Xinhua Commercial (Group) Co ranks worse than 60.32% on this metric.

As of today (2026-08-29), Yinchuan Xinhua Commercial (Group) Co's current share price is ¥12.42. Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥7.09. Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio for today is 1.75.

The historical rank and industry rank for Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600785' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.67   Max: 4.93
Current: 1.75

During the past years, Yinchuan Xinhua Commercial (Group) Co's highest Cyclically Adjusted PB Ratio was 4.93. The lowest was 0.94. And the median was 1.67.

SHSE:600785's Cyclically Adjusted PB Ratio is ranked worse than
60.32% of 761 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs SHSE:600785: 1.75

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.

Yinchuan Xinhua Commercial (Group) Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥7.251. 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 ¥7.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yinchuan Xinhua Commercial (Group) Co  (SHSE:600785) 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.


Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted PB Ratio Related Terms


Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Yinchuan Xinhua Commercial (Group) 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.

Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted PB Ratio Chart

Yinchuan Xinhua Commercial (Group) 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 1.41 1.94 1.54 1.34 1.37

Yinchuan Xinhua Commercial (Group) Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.20 1.33 1.37 1.71 1.38

SHSE:600785 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Yinchuan Xinhua Commercial (Group) 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.


Yinchuan Xinhua Commercial (Group) Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600785
63GF Score
Yinchuan Xinhua Commercial (Group) Co Ltd SHSE:600785
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yinchuan Xinhua Commercial (Group) 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.

Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.42/7.09
=1.75

* 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.

Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Yinchuan Xinhua Commercial (Group) Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.251/116.0564*116.0564
=7.251

Current CPI (Jun. 2026) = 116.0564.

Yinchuan Xinhua Commercial (Group) Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.030 102.400 6.834
201612 6.074 102.600 6.871
201703 6.301 103.200 7.086
201706 6.293 103.100 7.084
201709 6.336 104.100 7.064
201712 6.294 104.500 6.990
201803 6.601 105.300 7.275
201806 6.732 104.900 7.448
201809 6.814 106.600 7.418
201812 6.938 106.500 7.561
201903 7.086 107.700 7.636
201906 7.254 107.700 7.817
201909 7.269 109.800 7.683
201912 7.504 111.200 7.832
202003 7.678 112.300 7.935
202006 7.523 110.400 7.908
202009 7.469 111.700 7.760
202012 6.017 111.500 6.263
202103 6.311 112.662 6.501
202106 6.271 111.769 6.512
202109 6.231 112.215 6.444
202112 6.179 113.108 6.340
202203 6.315 114.335 6.410
202206 6.338 114.558 6.421
202209 6.562 115.339 6.603
202212 6.475 115.116 6.528
202303 6.741 115.116 6.796
202306 6.726 114.558 6.814
202309 6.841 115.339 6.884
202312 6.835 114.781 6.911
202403 7.094 115.227 7.145
202406 6.971 114.781 7.048
202409 7.037 115.785 7.054
202412 7.119 114.893 7.191
202503 7.372 115.116 7.432
202506 7.213 114.907 7.285
202509 7.281 115.471 7.318
202512 7.105 115.832 7.119
202603 7.311 116.303 7.295
202606 7.251 116.056 7.251

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 1.75 mean?
Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) has a Cyclically Adjusted PB Ratio of 1.75 as of Aug. 29, 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 Yinchuan Xinhua Commercial (Group) Co and its competitors. This is near median its historical median of 1.67. Over the past decade, Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio has ranged from 0.94 to 4.93. According to the industry distribution chart, Yinchuan Xinhua Commercial (Group) Co ranks #459 out of 761 companies in the Retail - Cyclical industry, placing it in the top 60.3%.
Is Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio too high?
Yinchuan Xinhua Commercial (Group) Co's current Cyclically Adjusted PB Ratio of 1.75 is near median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 4.93. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Yinchuan Xinhua Commercial (Group) Co's value of 1.75 is 41.1% above this industry median. Based on the distribution chart, Yinchuan Xinhua Commercial (Group) Co ranks #459 out of 761 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Yinchuan Xinhua Commercial (Group) Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yinchuan Xinhua Commercial (Group) Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Yinchuan Xinhua Commercial (Group) Co ranks #459 out of 761 companies for Cyclically Adjusted PB Ratio. This places Yinchuan Xinhua Commercial (Group) Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Yinchuan Xinhua Commercial (Group) Co's value of 1.75 is 41.1% above this benchmark. Historically, Yinchuan Xinhua Commercial (Group) Co's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 4.93 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.24, Yinchuan Xinhua Commercial (Group) 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 761 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. Yinchuan Xinhua Commercial (Group) Co's current Cyclically Adjusted PB Ratio of 1.75 is 41.1% 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 Yinchuan Xinhua Commercial (Group) 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. Yinchuan Xinhua Commercial (Group) Co's current Cyclically Adjusted PB Ratio is 1.75, which is near median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yinchuan Xinhua Commercial (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥9.44, compared to a current price of ¥12.42 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.75, which is near median its 10-year median of 1.67 and 41.1% above the Retail - Cyclical industry median of 1.24. Yinchuan Xinhua Commercial (Group) Co's overall GF Score™ is 63/100 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 Yinchuan Xinhua Commercial (Group) Co (SHSE:600785), the current Cyclically Adjusted PB Ratio is 1.75 as of Aug. 29, 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 Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Overvalued in 2026?

Based on GuruFocus' analysis, Yinchuan Xinhua Commercial (Group) Co stock appears to be overvalued. The current stock price of ¥12.42 is trading 31.6% above its estimated GF Value™ of ¥9.44. GuruFocus considers Yinchuan Xinhua Commercial (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:600785:

  • Cyclically Adjusted PB Ratio: 1.75 (near median its 10-year median of 1.67)
  • GF Value™: ¥9.44 vs. price of ¥12.42 (31.6% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 41.1% above the Retail - Cyclical median (#459 of 761)

No single metric tells the full story. See the SHSE:600785 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yinchuan Xinhua Commercial (Group) Co Business Description

Address No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001
Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.
63GF Score

Get the complete analysis for SHSE:600785

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

¥12.42
Price
¥9.44
GF Value