Maoye Commercial Co (SHSE:600828) Cyclically Adjusted PB Ratio: 1.03 (As of Aug. 24, 2026) — 23% Below Median

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SHSE:600828 Maoye Commercial Co Ltd SHSE:600828
40 GF Score
Price ¥3.88
GF Value ¥2.57
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Maoye Commercial Co Cyclically Adjusted PB Ratio?

Maoye Commercial Co SHSE:600828 -1.52% 40 Cyclically Adjusted PB Ratio is 1.03 as of Aug. 24, 2026, which is 23% below its 10-year median of 1.34. GuruFocus rates SHSE:600828 with a GF Score™ of 40/100 and a GF Value™ of ¥2.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 780 Retail - Cyclical companies, Maoye Commercial Co ranks better than 54.87% on this metric.

As of today (2026-08-24), Maoye Commercial Co's current share price is ¥3.88. Maoye Commercial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥3.75. Maoye Commercial Co's Cyclically Adjusted PB Ratio for today is 1.03.

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

SHSE:600828' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.34   Max: 6.97
Current: 1.05

During the past years, Maoye Commercial Co's highest Cyclically Adjusted PB Ratio was 6.97. The lowest was 0.64. And the median was 1.34.

SHSE:600828's Cyclically Adjusted PB Ratio is ranked better than
54.87% of 780 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs SHSE:600828: 1.05

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.

Maoye Commercial Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥3.884. 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 ¥3.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maoye Commercial Co  (SHSE:600828) 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.


Maoye Commercial Co Cyclically Adjusted PB Ratio Related Terms


Maoye Commercial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maoye Commercial 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.

Maoye Commercial Co Cyclically Adjusted PB Ratio Chart

Maoye Commercial 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 1.20 1.20 1.06 1.21 1.59

Maoye Commercial 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 0.85 1.04 1.05 1.59 1.42

SHSE:600828 vs DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Maoye Commercial 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.


Maoye Commercial Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


SHSE:600828
40GF Score
Maoye Commercial Co Ltd SHSE:600828
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maoye Commercial 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.

Maoye Commercial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.88/3.75
=1.03

* 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.

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

For example, Maoye Commercial 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)
=3.884/116.3033*116.3033
=3.884

Current CPI (Mar. 2026) = 116.3033.

Maoye Commercial Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.130 101.400 2.443
201609 2.225 102.400 2.527
201612 2.255 102.600 2.556
201703 2.378 103.200 2.680
201706 2.172 103.100 2.450
201709 2.290 104.100 2.558
201712 3.326 104.500 3.702
201803 3.018 105.300 3.333
201806 2.987 104.900 3.312
201809 3.141 106.600 3.427
201812 3.248 106.500 3.547
201903 3.526 107.700 3.808
201906 3.579 107.700 3.865
201909 3.712 109.800 3.932
201912 3.897 111.200 4.076
202003 3.903 112.300 4.042
202006 3.699 110.400 3.897
202009 3.790 111.700 3.946
202012 3.788 111.500 3.951
202103 3.911 112.662 4.037
202106 3.853 111.769 4.009
202109 3.869 112.215 4.010
202112 4.079 113.108 4.194
202203 4.118 114.335 4.189
202206 4.014 114.558 4.075
202209 3.990 115.339 4.023
202212 4.135 115.116 4.178
202303 4.201 115.116 4.244
202306 4.144 114.558 4.207
202309 4.133 115.339 4.168
202312 4.021 114.781 4.074
202403 4.073 115.227 4.111
202406 4.099 114.781 4.153
202409 4.109 115.785 4.127
202412 4.028 114.893 4.077
202503 4.043 115.116 4.085
202506 4.055 114.907 4.104
202509 4.059 115.471 4.088
202512 3.894 115.832 3.910
202603 3.884 116.303 3.884

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 1.03 mean?
Maoye Commercial Co (SHSE:600828) has a Cyclically Adjusted PB Ratio of 1.03 as of Aug. 24, 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 Maoye Commercial Co and its competitors. This is 23% below median its historical median of 1.34. Over the past decade, Maoye Commercial Co's Cyclically Adjusted PB Ratio has ranged from 0.64 to 6.97. According to the industry distribution chart, Maoye Commercial Co ranks #352 out of 780 companies in the Retail - Cyclical industry, placing it in the top 45.1%.
Is Maoye Commercial Co's Cyclically Adjusted PB Ratio too high?
Maoye Commercial Co's current Cyclically Adjusted PB Ratio of 1.03 is 23% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 6.97. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Maoye Commercial Co's value of 1.03 is 14.9% below this industry median. Based on the distribution chart, Maoye Commercial Co ranks #352 out of 780 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Maoye Commercial Co has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maoye Commercial Co's Cyclically Adjusted PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Maoye Commercial Co ranks #352 out of 780 companies for Cyclically Adjusted PB Ratio. This puts Maoye Commercial Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Maoye Commercial Co's value of 1.03 is 14.9% below this benchmark. Historically, Maoye Commercial Co's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 6.97 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.21, Maoye Commercial Co has consistently been below 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 1.21, based on 780 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. Maoye Commercial Co's current Cyclically Adjusted PB Ratio of 1.03 is 14.9% below 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 Maoye Commercial Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maoye Commercial Co's current Cyclically Adjusted PB Ratio is 1.03, which is 23% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maoye Commercial Co stock overvalued right now?
Based on GuruFocus' analysis, Maoye Commercial Co (SHSE:600828) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.57, compared to a current price of ¥3.88 — trading 51% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 23% below median its 10-year median of 1.34 and 14.9% below the Retail - Cyclical industry median of 1.21. Maoye Commercial Co's overall GF Score™ is 40/100 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 Maoye Commercial Co (SHSE:600828), the current Cyclically Adjusted PB Ratio is 1.03 as of Aug. 24, 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 Maoye Commercial Co (SHSE:600828) Overvalued in 2026?

Based on GuruFocus' analysis, Maoye Commercial Co stock appears to be overvalued. The current stock price of ¥3.88 is trading 51% above its estimated GF Value™ of ¥2.57. GuruFocus considers Maoye Commercial Co to be Significantly Overvalued.

Key valuation signals for SHSE:600828:

  • Cyclically Adjusted PB Ratio: 1.03 (23% below median its 10-year median of 1.34)
  • GF Value™: ¥2.57 vs. price of ¥3.88 (51% above fair value)
  • GF Score™: 40/100 with 6 warning signs
  • Industry Position: 14.9% below the Retail - Cyclical median (#352 of 780)

No single metric tells the full story. See the SHSE:600828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maoye Commercial Co Business Description

Address No. 19 Dongyu Street, Sichuan Province, Chengdu, CHN, 610011
Maoye Commercial Co Ltd, formerly Chengshang Group Co Ltd is a China-based company engaged in retail and real estate development.
40GF Score

Get the complete analysis for SHSE:600828

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

¥3.88
Price
¥2.57
GF Value