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Shanghai New Power Automotive Technology CoSHSE:600841 60 Cyclically Adjusted PB Ratio is 1.25 as of Aug. 22, 2026, which is 32% below its 10-year median of 1.84. GuruFocus rates SHSE:600841 with a GF Score™ of 60/100 and a GF Value™ of ¥4.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 161 Farm & Heavy Construction Machinery companies, Shanghai New Power Automotive Technology Co ranks better than 57.14% on this metric.
SHSE:600841's Cyclically Adjusted PB Ratio is ranked better than 57.14% of 161
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.55
vs SHSE:600841: 1.28
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.
Shanghai New Power Automotive Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥4.626. 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 ¥4.52 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Shanghai New Power Automotive Technology Co (SHSE:600841) 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.
Shanghai New Power Automotive Technology Co Cyclically Adjusted PB Ratio Related Terms
Shanghai New Power Automotive Technology Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Shanghai New Power Automotive Technology Co Cyclically Adjusted PB Ratio Chart
Shanghai New Power Automotive Technology Co Annual Data
SHSE:600841 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Shanghai New Power Automotive Technology 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.
Shanghai New Power Automotive Technology Co Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Shanghai New Power Automotive Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Shanghai New Power Automotive Technology Co's Cyclically Adjusted PB Ratio falls into.
Shanghai New Power Automotive Technology 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.
* 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.
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 1.25 mean?
Shanghai New Power Automotive Technology Co (SHSE:600841) has a Cyclically Adjusted PB Ratio of 1.25 as of Aug. 22, 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 Shanghai New Power Automotive Technology Co and its competitors. This is 32% below median its historical median of 1.84. Over the past decade, Shanghai New Power Automotive Technology Co's Cyclically Adjusted PB Ratio has ranged from 0.69 to 4.75. According to the industry distribution chart, Shanghai New Power Automotive Technology Co ranks #69 out of 161 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 42.9%.
Is Shanghai New Power Automotive Technology Co's Cyclically Adjusted PB Ratio too high?
Shanghai New Power Automotive Technology Co's current Cyclically Adjusted PB Ratio of 1.25 is 32% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 4.75. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.55. Shanghai New Power Automotive Technology Co's value of 1.25 is 19.4% below this industry median. Based on the distribution chart, Shanghai New Power Automotive Technology Co ranks #69 out of 161 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Shanghai New Power Automotive Technology Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Power Automotive Technology Co's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Shanghai New Power Automotive Technology Co ranks #69 out of 161 companies for Cyclically Adjusted PB Ratio. This puts Shanghai New Power Automotive Technology Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Shanghai New Power Automotive Technology Co's value of 1.25 is 19.4% below this benchmark. Historically, Shanghai New Power Automotive Technology Co's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 4.75 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.55, Shanghai New Power Automotive Technology 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.55, based on 161 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. Shanghai New Power Automotive Technology Co's current Cyclically Adjusted PB Ratio of 1.25 is 19.4% 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 Shanghai New Power Automotive Technology Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Power Automotive Technology Co's current Cyclically Adjusted PB Ratio is 1.25, which is 32% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Power Automotive Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Power Automotive Technology Co (SHSE:600841) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.99, compared to a current price of ¥5.66 — trading 13.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 32% below median its 10-year median of 1.84 and 19.4% below the Farm & Heavy Construction Machinery industry median of 1.55. Shanghai New Power Automotive Technology Co's overall GF Score™ is 60/100 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 Shanghai New Power Automotive Technology Co (SHSE:600841), the current Cyclically Adjusted PB Ratio is 1.25 as of Aug. 22, 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 Shanghai New Power Automotive Technology Co (SHSE:600841) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Power Automotive Technology Co stock appears to be overvalued.
The current stock price of ¥5.66 is trading 13.4% above its estimated GF Value™ of ¥4.99.
GuruFocus considers Shanghai New Power Automotive Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:600841:
Cyclically Adjusted PB Ratio: 1.25 (32% below median its 10-year median of 1.84)
GF Value™: ¥4.99 vs. price of ¥5.66 (13.4% above fair value)
Industry Position: 19.4% below the Farm & Heavy Construction Machinery median (#69 of 161)
No single metric tells the full story. See the SHSE:600841 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Power Automotive Technology Co Ltd formerly Shanghai Diesel Engine Co Ltd is engaged in research, development, and manufacture of engines, engine parts, and generator set in China. Its products include truck engine, construction machinery engine, bus engine, agricultural machinery engine, power generation engine, marine engine, and generator set. The company distributes its products within the domestic market and to overseas markets.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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