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CETC Chips TechnologySHSE:600877 -1.15%68 Cyclically Adjusted PB Ratio is 12.16 as of Sep. 03, 2026, which is 36% below its 10-year median of 18.87. GuruFocus rates SHSE:600877 with a GF Score™ of 68/100 and a GF Value™ of ¥10.31 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 725 Semiconductors companies, CETC Chips Technology ranks worse than 87.31% on this metric.
The historical rank and industry rank for CETC Chips Technology's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:600877'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.67 Med: 18.87 Max: 85.23
Current: 12.31
During the past years, CETC Chips Technology's highest Cyclically Adjusted PB Ratio was 85.23. The lowest was 6.67. And the median was 18.87.
SHSE:600877's Cyclically Adjusted PB Ratio is ranked worse than 87.31% of 725
companies
in the Semiconductors industry
Industry Median: 3.18
vs SHSE:600877: 12.31
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.
CETC Chips Technology's adjusted book value per share data for the three months ended in Jun. 2026 was ¥2.105. 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 ¥0.99 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
CETC Chips Technology (SHSE:600877) 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.
CETC Chips Technology Cyclically Adjusted PB Ratio Related Terms
CETC Chips Technology Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for CETC Chips Technology'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.
CETC Chips Technology Cyclically Adjusted PB Ratio Chart
SHSE:600877 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, CETC Chips Technology'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.
CETC Chips Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, CETC Chips Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where CETC Chips Technology's Cyclically Adjusted PB Ratio falls into.
CETC Chips Technology 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 12.16 mean?
CETC Chips Technology (SHSE:600877) has a Cyclically Adjusted PB Ratio of 12.16 as of Sep. 03, 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 CETC Chips Technology and its competitors. This is 36% below median its historical median of 18.87. Over the past decade, CETC Chips Technology's Cyclically Adjusted PB Ratio has ranged from 6.67 to 85.23. According to the industry distribution chart, CETC Chips Technology ranks #633 out of 725 companies in the Semiconductors industry, placing it in the top 87.3%.
Is CETC Chips Technology's Cyclically Adjusted PB Ratio too high?
CETC Chips Technology's current Cyclically Adjusted PB Ratio of 12.16 is 36% below median its 10-year median of 18.87. Over the past 10 years, this metric has ranged from a low of 6.67 to a high of 85.23. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. CETC Chips Technology's value of 12.16 is 282.4% above this industry median. Based on the distribution chart, CETC Chips Technology ranks #633 out of 725 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, CETC Chips Technology has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CETC Chips Technology's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, CETC Chips Technology ranks #633 out of 725 companies for Cyclically Adjusted PB Ratio. This places CETC Chips Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.18. CETC Chips Technology's value of 12.16 is 282.4% above this benchmark. Historically, CETC Chips Technology's own Cyclically Adjusted PB Ratio has ranged from 6.67 to 85.23 over the past decade. While the company's 10-year median is 18.87 vs. the industry median of 3.18, CETC Chips Technology 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.18, based on 725 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. CETC Chips Technology's current Cyclically Adjusted PB Ratio of 12.16 is 282.4% 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 CETC Chips Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CETC Chips Technology's current Cyclically Adjusted PB Ratio is 12.16, which is 36% below median its own 10-year median of 18.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CETC Chips Technology stock overvalued right now?
Based on GuruFocus' analysis, CETC Chips Technology (SHSE:600877) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.31, compared to a current price of ¥12.04 — trading 16.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.16, which is 36% below median its 10-year median of 18.87 and 282.4% above the Semiconductors industry median of 3.18. CETC Chips Technology's overall GF Score™ is 68/100 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 CETC Chips Technology (SHSE:600877), the current Cyclically Adjusted PB Ratio is 12.16 as of Sep. 03, 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 CETC Chips Technology (SHSE:600877) Overvalued in 2026?
Based on GuruFocus' analysis, CETC Chips Technology stock appears to be overvalued.
The current stock price of ¥12.04 is trading 16.8% above its estimated GF Value™ of ¥10.31.
GuruFocus considers CETC Chips Technology to be Modestly Overvalued.
Key valuation signals for SHSE:600877:
Cyclically Adjusted PB Ratio: 12.16 (36% below median its 10-year median of 18.87)
GF Value™: ¥10.31 vs. price of ¥12.04 (16.8% above fair value)
Industry Position: 282.4% above the Semiconductors median (#633 of 725)
No single metric tells the full story. See the SHSE:600877 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CETC Chips Technology Inc is engaged in the design, research and development, manufacture, testing and sales of silicon-based analog semiconductor chips and their application products.
68GF Score
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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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