Dongfang Electric (SHSE:600875) Cyclically Adjusted PB Ratio: 2.50 (As of Aug. 18, 2026) — 72% Above Median

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SHSE:600875 Dongfang Electric Corp Ltd SHSE:600875
82 GF Score
Price ¥27.58
GF Value ¥20.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Dongfang Electric Cyclically Adjusted PB Ratio?

Dongfang Electric SHSE:600875 -1.43% 82 Cyclically Adjusted PB Ratio is 2.50 as of Aug. 18, 2026, which is 72% above its 10-year median of 1.45. GuruFocus rates SHSE:600875 with a GF Score™ of 82/100 and a GF Value™ of ¥20.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,203 Industrial Products companies, Dongfang Electric ranks worse than 53.88% on this metric.

As of today (2026-08-18), Dongfang Electric's current share price is ¥27.58. Dongfang Electric's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥11.05. Dongfang Electric's Cyclically Adjusted PB Ratio for today is 2.50.

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

SHSE:600875' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.45   Max: 4.04
Current: 2.5

During the past years, Dongfang Electric's highest Cyclically Adjusted PB Ratio was 4.04. The lowest was 0.82. And the median was 1.45.

SHSE:600875's Cyclically Adjusted PB Ratio is ranked worse than
53.88% of 2203 companies
in the Industrial Products industry
Industry Median: 2.18 vs SHSE:600875: 2.50

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.

Dongfang Electric's adjusted book value per share data for the three months ended in Mar. 2026 was ¥13.556. 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 ¥11.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dongfang Electric  (SHSE:600875) 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.


Dongfang Electric Cyclically Adjusted PB Ratio Related Terms


Dongfang Electric Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dongfang Electric'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.

Dongfang Electric Cyclically Adjusted PB Ratio Chart

Dongfang Electric 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 2.12 2.01 1.38 1.48 2.22

Dongfang Electric 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 1.39 1.55 1.77 2.22 3.17

SHSE:600875 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Dongfang Electric'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.


Dongfang Electric Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dongfang Electric's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dongfang Electric's Cyclically Adjusted PB Ratio falls into.


SHSE:600875
82GF Score
Dongfang Electric Corp Ltd SHSE:600875
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dongfang Electric 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.

Dongfang Electric's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.58/11.05
=2.50

* 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.

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

For example, Dongfang Electric'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)
=13.556/116.3033*116.3033
=13.556

Current CPI (Mar. 2026) = 116.3033.

Dongfang Electric Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.663 101.400 11.083
201609 9.353 102.400 10.623
201612 9.048 102.600 10.256
201703 9.122 103.200 10.280
201706 9.217 103.100 10.397
201709 9.235 104.100 10.318
201712 11.690 104.500 13.010
201803 7.154 105.300 7.902
201806 8.839 104.900 9.800
201809 8.967 106.600 9.783
201812 9.248 106.500 10.099
201903 9.363 107.700 10.111
201906 9.379 107.700 10.128
201909 9.482 109.800 10.044
201912 9.530 111.200 9.967
202003 9.575 112.300 9.916
202006 9.556 110.400 10.067
202009 9.689 111.700 10.088
202012 9.907 111.500 10.334
202103 10.117 112.662 10.444
202106 10.164 111.769 10.576
202109 10.333 112.215 10.709
202112 10.419 113.108 10.713
202203 10.754 114.335 10.939
202206 10.787 114.558 10.951
202209 11.033 115.339 11.125
202212 11.220 115.116 11.336
202303 11.548 115.116 11.667
202306 11.488 114.558 11.663
202309 11.772 115.339 11.870
202312 11.943 114.781 12.101
202403 12.238 115.227 12.352
202406 12.006 114.781 12.165
202409 12.341 115.785 12.396
202412 12.445 114.893 12.598
202503 11.790 115.116 11.912
202506 12.506 114.907 12.658
202509 12.858 115.471 12.951
202512 13.080 115.832 13.133
202603 13.556 116.303 13.556

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 2.50 mean?
Dongfang Electric (SHSE:600875) has a Cyclically Adjusted PB Ratio of 2.50 as of Aug. 18, 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 Dongfang Electric and its competitors. This is 72% above median its historical median of 1.45. Over the past decade, Dongfang Electric's Cyclically Adjusted PB Ratio has ranged from 0.82 to 4.04. According to the industry distribution chart, Dongfang Electric ranks #1187 out of 2203 companies in the Industrial Products industry, placing it in the top 53.9%.
Is Dongfang Electric's Cyclically Adjusted PB Ratio too high?
Dongfang Electric's current Cyclically Adjusted PB Ratio of 2.50 is 72% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 4.04. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.18. Dongfang Electric's value of 2.50 is 14.7% above this industry median. Based on the distribution chart, Dongfang Electric ranks #1187 out of 2203 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Dongfang Electric has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dongfang Electric's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Dongfang Electric ranks #1187 out of 2203 companies for Cyclically Adjusted PB Ratio. This places Dongfang Electric in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.18. Dongfang Electric's value of 2.50 is 14.7% above this benchmark. Historically, Dongfang Electric's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 4.04 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 2.18, Dongfang Electric 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.18, based on 2,203 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. Dongfang Electric's current Cyclically Adjusted PB Ratio of 2.50 is 14.7% 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 Dongfang Electric and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dongfang Electric's current Cyclically Adjusted PB Ratio is 2.50, which is 72% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongfang Electric stock overvalued right now?
Based on GuruFocus' analysis, Dongfang Electric (SHSE:600875) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.04, compared to a current price of ¥27.58 — trading 37.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.50, which is 72% above median its 10-year median of 1.45 and 14.7% above the Industrial Products industry median of 2.18. Dongfang Electric's overall GF Score™ is 82/100 with 5 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 Dongfang Electric (SHSE:600875), the current Cyclically Adjusted PB Ratio is 2.50 as of Aug. 18, 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 Dongfang Electric (SHSE:600875) Overvalued in 2026?

Based on GuruFocus' analysis, Dongfang Electric stock appears to be overvalued. The current stock price of ¥27.58 is trading 37.6% above its estimated GF Value™ of ¥20.04. GuruFocus considers Dongfang Electric to be Significantly Overvalued.

Key valuation signals for SHSE:600875:

  • Cyclically Adjusted PB Ratio: 2.50 (72% above median its 10-year median of 1.45)
  • GF Value™: ¥20.04 vs. price of ¥27.58 (37.6% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 14.7% above the Industrial Products median (#1187 of 2203)

No single metric tells the full story. See the SHSE:600875 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dongfang Electric Business Description

Address No. 18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731
Dongfang Electric Corp Ltd operates in the energy equipment manufacturing industry and provides high-end equipment and related services for energy production and utilization. The Company has a one core, two wings industrial layout with energy equipment manufacturing as the core and manufacturing services and emerging industries as growth engines. It engages in the development, design, manufacturing and sales of energy equipment including thermal, hydropower, nuclear, gas and wind power, provides services such as power station services, integrated energy and supply chain, and develops emerging industries including energy storage, hydrogen energy, environmental protection, industrial drive, power electronics and solar energy.
82GF Score

Get the complete analysis for SHSE:600875

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

¥27.58
Price
¥20.04
GF Value