Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Cyclically Adjusted PB Ratio: 8.26 (As of Aug. 08, 2026) — 53% Below Median

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SHSE:600809 Shanxi Xinghuacun Fen Wine Factory Co Ltd SHSE:600809
82 GF Score
Price ¥120.22
GF Value ¥208.49
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Shanxi Xinghuacun Fen Wine Factory Co Cyclically Adjusted PB Ratio?

Shanxi Xinghuacun Fen Wine Factory Co SHSE:600809 +0.52% 82 Cyclically Adjusted PB Ratio is 8.26 as of Aug. 08, 2026, which is 53% below its 10-year median of 17.51. GuruFocus rates SHSE:600809 with a GF Score™ of 82/100 and a GF Value™ of ¥208.49 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 166 Beverages - Alcoholic companies, Shanxi Xinghuacun Fen Wine Factory Co ranks worse than 92.17% on this metric.

As of today (2026-08-08), Shanxi Xinghuacun Fen Wine Factory Co's current share price is ¥120.22. Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥14.55. Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio for today is 8.26.

The historical rank and industry rank for Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600809' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.6   Med: 17.51   Max: 76.47
Current: 8.26

During the past years, Shanxi Xinghuacun Fen Wine Factory Co's highest Cyclically Adjusted PB Ratio was 76.47. The lowest was 5.60. And the median was 17.51.

SHSE:600809's Cyclically Adjusted PB Ratio is ranked worse than
92.17% of 166 companies
in the Beverages - Alcoholic industry
Industry Median: 1.415 vs SHSE:600809: 8.26

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.

Shanxi Xinghuacun Fen Wine Factory Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥36.905. 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 ¥14.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanxi Xinghuacun Fen Wine Factory Co  (SHSE:600809) 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.


Shanxi Xinghuacun Fen Wine Factory Co Cyclically Adjusted PB Ratio Related Terms


Shanxi Xinghuacun Fen Wine Factory Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory Co Cyclically Adjusted PB Ratio Chart

Shanxi Xinghuacun Fen Wine Factory 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 58.63 42.11 27.15 16.97 12.55

Shanxi Xinghuacun Fen Wine Factory 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 18.52 14.48 15.00 12.55 9.83

SHSE:600809 vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Shanxi Xinghuacun Fen Wine Factory 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.


Shanxi Xinghuacun Fen Wine Factory Co Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600809
82GF Score
Shanxi Xinghuacun Fen Wine Factory Co Ltd SHSE:600809
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanxi Xinghuacun Fen Wine Factory 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.

Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=120.22/14.55
=8.26

* 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.

Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanxi Xinghuacun Fen Wine Factory 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)
=36.905/116.3033*116.3033
=36.905

Current CPI (Mar. 2026) = 116.3033.

Shanxi Xinghuacun Fen Wine Factory Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.721 101.400 4.268
201609 3.799 102.400 4.315
201612 3.927 102.600 4.451
201703 4.315 103.200 4.863
201706 4.034 103.100 4.551
201709 4.205 104.100 4.698
201712 4.427 104.500 4.927
201803 4.907 105.300 5.420
201806 4.668 104.900 5.175
201809 4.940 106.600 5.390
201812 5.326 106.500 5.816
201903 5.818 107.700 6.283
201906 5.494 107.700 5.933
201909 5.944 109.800 6.296
201912 6.263 111.200 6.550
202003 7.111 112.300 7.364
202006 6.788 110.400 7.151
202009 7.495 111.700 7.804
202012 8.013 111.500 8.358
202103 9.806 112.662 10.123
202106 10.816 111.769 11.255
202109 11.944 112.215 12.379
202112 12.476 113.108 12.828
202203 15.526 114.335 15.793
202206 14.833 114.558 15.059
202209 16.559 115.339 16.697
202212 17.475 115.116 17.655
202303 21.431 115.116 21.652
202306 19.738 114.558 20.039
202309 21.929 115.339 22.112
202312 22.818 114.781 23.121
202403 27.949 115.227 28.210
202406 25.347 114.781 25.683
202409 27.756 115.785 27.880
202412 28.488 114.893 28.838
202503 31.471 115.116 31.796
202506 29.402 114.907 29.759
202509 31.788 115.471 32.017
202512 32.487 115.832 32.619
202603 36.905 116.303 36.905

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 8.26 mean?
Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) has a Cyclically Adjusted PB Ratio of 8.26 as of Aug. 08, 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 Shanxi Xinghuacun Fen Wine Factory Co and its competitors. This is 53% below median its historical median of 17.51. Over the past decade, Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio has ranged from 5.60 to 76.47. According to the industry distribution chart, Shanxi Xinghuacun Fen Wine Factory Co ranks #153 out of 166 companies in the Beverages - Alcoholic industry, placing it in the top 92.2%.
Is Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio too high?
Shanxi Xinghuacun Fen Wine Factory Co's current Cyclically Adjusted PB Ratio of 8.26 is 53% below median its 10-year median of 17.51. Over the past 10 years, this metric has ranged from a low of 5.60 to a high of 76.47. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.42. Shanxi Xinghuacun Fen Wine Factory Co's value of 8.26 is 483.7% above this industry median. Based on the distribution chart, Shanxi Xinghuacun Fen Wine Factory Co ranks #153 out of 166 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Shanxi Xinghuacun Fen Wine Factory Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanxi Xinghuacun Fen Wine Factory Co's Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Shanxi Xinghuacun Fen Wine Factory Co ranks #153 out of 166 companies for Cyclically Adjusted PB Ratio. This places Shanxi Xinghuacun Fen Wine Factory Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Shanxi Xinghuacun Fen Wine Factory Co's value of 8.26 is 483.7% above this benchmark. Historically, Shanxi Xinghuacun Fen Wine Factory Co's own Cyclically Adjusted PB Ratio has ranged from 5.60 to 76.47 over the past decade. While the company's 10-year median is 17.51 vs. the industry median of 1.42, Shanxi Xinghuacun Fen Wine Factory 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 1.42, based on 166 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. Shanxi Xinghuacun Fen Wine Factory Co's current Cyclically Adjusted PB Ratio of 8.26 is 483.7% 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 Shanxi Xinghuacun Fen Wine Factory Co and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Xinghuacun Fen Wine Factory Co's current Cyclically Adjusted PB Ratio is 8.26, which is 53% below median its own 10-year median of 17.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Xinghuacun Fen Wine Factory Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥208.49, compared to a current price of ¥120.22 — trading 42.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.26, which is 53% below median its 10-year median of 17.51 and 483.7% above the Beverages - Alcoholic industry median of 1.42. Shanxi Xinghuacun Fen Wine Factory Co's overall GF Score™ is 82/100 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 Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809), the current Cyclically Adjusted PB Ratio is 8.26 as of Aug. 08, 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 Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Overvalued in 2026?

Based on GuruFocus' analysis, Shanxi Xinghuacun Fen Wine Factory Co stock appears to be undervalued. The current stock price of ¥120.22 is trading 42.3% below its estimated GF Value™ of ¥208.49. GuruFocus considers Shanxi Xinghuacun Fen Wine Factory Co to be Significantly Undervalued.

Key valuation signals for SHSE:600809:

  • Cyclically Adjusted PB Ratio: 8.26 (53% below median its 10-year median of 17.51)
  • GF Value™: ¥208.49 vs. price of ¥120.22 (42.3% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 483.7% above the Beverages - Alcoholic median (#153 of 166)

No single metric tells the full story. See the SHSE:600809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanxi Xinghuacun Fen Wine Factory Co Business Description

Address Jiudu Avenue, Xinghua Village, Shanxi Province, Fenyang, CHN, 032205
Shanxi Fen Wine is a typical light-flavored baijiu, featuring a fresher, lighter, and purer taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering subpremium, mid- to high-range, and low-end products, including subpremium brand Qinghua series, midrange products Panama and Laobaifen, and low end Bofen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Shanxi Fen Wine.
82GF Score

Get the complete analysis for SHSE:600809

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

¥120.22
Price
¥208.49
GF Value