Hangzhou Jiebai Group Co (SHSE:600814) Cyclically Adjusted PB Ratio: 1.65 (As of Aug. 31, 2026) — 14% Below Median

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SHSE:600814 Hangzhou Jiebai Group Co Ltd SHSE:600814
72 GF Score
Price ¥7.01
GF Value ¥8.19
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hangzhou Jiebai Group Co Cyclically Adjusted PB Ratio?

Hangzhou Jiebai Group Co SHSE:600814 +2.64% 72 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 31, 2026, which is 14% below its 10-year median of 1.91. GuruFocus rates SHSE:600814 with a GF Score™ of 72/100 and a GF Value™ of ¥8.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 756 Retail - Cyclical companies, Hangzhou Jiebai Group Co ranks worse than 59.26% on this metric.

As of today (2026-08-31), Hangzhou Jiebai Group Co's current share price is ¥7.01. Hangzhou Jiebai Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥4.25. Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio for today is 1.65.

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

SHSE:600814' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 1.91   Max: 5.19
Current: 1.62

During the past years, Hangzhou Jiebai Group Co's highest Cyclically Adjusted PB Ratio was 5.19. The lowest was 1.47. And the median was 1.91.

SHSE:600814's Cyclically Adjusted PB Ratio is ranked worse than
59.26% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs SHSE:600814: 1.62

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.

Hangzhou Jiebai Group Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥5.206. 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 ¥4.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hangzhou Jiebai Group Co  (SHSE:600814) 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.


Hangzhou Jiebai Group Co Cyclically Adjusted PB Ratio Related Terms


Hangzhou Jiebai Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hangzhou Jiebai 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.

Hangzhou Jiebai Group Co Cyclically Adjusted PB Ratio Chart

Hangzhou Jiebai 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 1.89 2.02 1.87 2.11 1.95

Hangzhou Jiebai 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 1.94 1.83 1.95 1.83 1.44

SHSE:600814 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Hangzhou Jiebai 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.


Hangzhou Jiebai Group Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600814
72GF Score
Hangzhou Jiebai Group Co Ltd SHSE:600814
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hangzhou Jiebai 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.

Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.01/4.25
=1.65

* 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.

Hangzhou Jiebai Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hangzhou Jiebai 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)
=5.206/116.0564*116.0564
=5.206

Current CPI (Jun. 2026) = 116.0564.

Hangzhou Jiebai Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.895 102.400 3.281
201612 3.106 102.600 3.513
201703 3.177 103.200 3.573
201706 3.144 103.100 3.539
201709 3.193 104.100 3.560
201712 3.245 104.500 3.604
201803 3.326 105.300 3.666
201806 3.316 104.900 3.669
201809 3.341 106.600 3.637
201812 3.331 106.500 3.630
201903 3.427 107.700 3.693
201906 3.428 107.700 3.694
201909 3.464 109.800 3.661
201912 3.595 111.200 3.752
202003 3.595 112.300 3.715
202006 3.629 110.400 3.815
202009 3.766 111.700 3.913
202012 3.868 111.500 4.026
202103 4.060 112.662 4.182
202106 4.078 111.769 4.234
202109 4.013 112.215 4.150
202112 4.262 113.108 4.373
202203 4.390 114.335 4.456
202206 4.279 114.558 4.335
202209 4.403 115.339 4.430
202212 4.460 115.116 4.496
202303 4.615 115.116 4.653
202306 4.590 114.558 4.650
202309 4.690 115.339 4.719
202312 4.728 114.781 4.781
202403 4.897 115.227 4.932
202406 4.857 114.781 4.911
202409 4.916 115.785 4.928
202412 4.953 114.893 5.003
202503 5.072 115.116 5.113
202506 5.023 114.907 5.073
202509 5.075 115.471 5.101
202512 5.084 115.832 5.094
202603 5.206 116.303 5.195
202606 5.206 116.056 5.206

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 1.65 mean?
Hangzhou Jiebai Group Co (SHSE:600814) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 31, 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 Hangzhou Jiebai Group Co and its competitors. This is 14% below median its historical median of 1.91. Over the past decade, Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio has ranged from 1.47 to 5.19. According to the industry distribution chart, Hangzhou Jiebai Group Co ranks #448 out of 756 companies in the Retail - Cyclical industry, placing it in the top 59.3%.
Is Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio too high?
Hangzhou Jiebai Group Co's current Cyclically Adjusted PB Ratio of 1.65 is 14% below median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 5.19. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Hangzhou Jiebai Group Co's value of 1.65 is 33.1% above this industry median. Based on the distribution chart, Hangzhou Jiebai Group Co ranks #448 out of 756 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Hangzhou Jiebai Group Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Jiebai Group Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Hangzhou Jiebai Group Co ranks #448 out of 756 companies for Cyclically Adjusted PB Ratio. This places Hangzhou Jiebai Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Hangzhou Jiebai Group Co's value of 1.65 is 33.1% above this benchmark. Historically, Hangzhou Jiebai Group Co's own Cyclically Adjusted PB Ratio has ranged from 1.47 to 5.19 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 1.24, Hangzhou Jiebai 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 756 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. Hangzhou Jiebai Group Co's current Cyclically Adjusted PB Ratio of 1.65 is 33.1% 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 Hangzhou Jiebai 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. Hangzhou Jiebai Group Co's current Cyclically Adjusted PB Ratio is 1.65, which is 14% below median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Jiebai Group Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Jiebai Group Co (SHSE:600814) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.19, compared to a current price of ¥7.01 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 14% below median its 10-year median of 1.91 and 33.1% above the Retail - Cyclical industry median of 1.24. Hangzhou Jiebai Group Co's overall GF Score™ is 72/100 with 3 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 Hangzhou Jiebai Group Co (SHSE:600814), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 31, 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 Hangzhou Jiebai Group Co (SHSE:600814) Overvalued in 2026?

Based on GuruFocus' analysis, Hangzhou Jiebai Group Co stock appears to be undervalued. The current stock price of ¥7.01 is trading 14.4% below its estimated GF Value™ of ¥8.19. GuruFocus considers Hangzhou Jiebai Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600814:

  • Cyclically Adjusted PB Ratio: 1.65 (14% below median its 10-year median of 1.91)
  • GF Value™: ¥8.19 vs. price of ¥7.01 (14.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 33.1% above the Retail - Cyclical median (#448 of 756)

No single metric tells the full story. See the SHSE:600814 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hangzhou Jiebai Group Co Business Description

Address No. 251 Jiefang Road, Shangcheng District, hangzhou, Zhejiang, CHN, 310001
Hangzhou Jiebai Group Co Ltd is a China-based company engaged in general merchandise retailing.
72GF Score

Get the complete analysis for SHSE:600814

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

¥7.01
Price
¥8.19
GF Value