Shanghai Milkground Food Tech Co (SHSE:600882) Cyclically Adjusted PB Ratio: 3.39 (As of Aug. 16, 2026) — 19% Below Median

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SHSE:600882 Shanghai Milkground Food Tech Co Ltd SHSE:600882
82 GF Score
Price ¥20.93
GF Value ¥25.18
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Shanghai Milkground Food Tech Co Cyclically Adjusted PB Ratio?

Shanghai Milkground Food Tech Co SHSE:600882 -1.18% 82 Cyclically Adjusted PB Ratio is 3.39 as of Aug. 16, 2026, which is 19% below its 10-year median of 4.18. GuruFocus rates SHSE:600882 with a GF Score™ of 82/100 and a GF Value™ of ¥25.18 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Shanghai Milkground Food Tech Co ranks worse than 83.41% on this metric.

As of today (2026-08-16), Shanghai Milkground Food Tech Co's current share price is ¥20.93. Shanghai Milkground Food Tech Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥6.17. Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio for today is 3.39.

The historical rank and industry rank for Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600882' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.29   Med: 4.18   Max: 24.53
Current: 3.43

During the past years, Shanghai Milkground Food Tech Co's highest Cyclically Adjusted PB Ratio was 24.53. The lowest was 2.29. And the median was 4.18.

SHSE:600882's Cyclically Adjusted PB Ratio is ranked worse than
83.41% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs SHSE:600882: 3.43

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 Milkground Food Tech Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥9.114. 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 ¥6.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Milkground Food Tech Co  (SHSE:600882) 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 Milkground Food Tech Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Milkground Food Tech Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech Co Cyclically Adjusted PB Ratio Chart

Shanghai Milkground Food Tech 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 14.79 7.00 3.22 3.30 4.19

Shanghai Milkground Food Tech 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 4.24 5.38 4.18 4.19 2.97

SHSE:600882 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Shanghai Milkground Food Tech 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 Milkground Food Tech Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600882
82GF Score
Shanghai Milkground Food Tech Co Ltd SHSE:600882
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Milkground Food Tech 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.

Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.93/6.17
=3.39

* 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 Milkground Food Tech Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shanghai Milkground Food Tech 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)
=9.114/116.3033*116.3033
=9.114

Current CPI (Mar. 2026) = 116.3033.

Shanghai Milkground Food Tech Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.598 101.400 2.980
201609 2.872 102.400 3.262
201612 2.905 102.600 3.293
201703 2.850 103.200 3.212
201706 2.820 103.100 3.181
201709 2.853 104.100 3.187
201712 2.880 104.500 3.205
201803 2.830 105.300 3.126
201806 2.914 104.900 3.231
201809 2.933 106.600 3.200
201812 2.997 106.500 3.273
201903 2.974 107.700 3.212
201906 3.027 107.700 3.269
201909 3.049 109.800 3.230
201912 3.092 111.200 3.234
202003 3.442 112.300 3.565
202006 3.563 110.400 3.754
202009 3.614 111.700 3.763
202012 3.629 111.500 3.785
202103 3.710 112.662 3.830
202106 11.170 111.769 11.623
202109 9.112 112.215 9.444
202112 8.740 113.108 8.987
202203 8.469 114.335 8.615
202206 8.698 114.558 8.831
202209 8.748 115.339 8.821
202212 8.627 115.116 8.716
202303 8.681 115.116 8.771
202306 8.746 114.558 8.879
202309 8.468 115.339 8.539
202312 9.227 114.781 9.349
202403 8.459 115.227 8.538
202406 8.552 114.781 8.665
202409 8.554 115.785 8.592
202412 8.611 114.893 8.717
202503 8.772 115.116 8.863
202506 8.907 114.907 9.015
202509 9.062 115.471 9.127
202512 8.944 115.832 8.980
202603 9.114 116.303 9.114

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 3.39 mean?
Shanghai Milkground Food Tech Co (SHSE:600882) has a Cyclically Adjusted PB Ratio of 3.39 as of Aug. 16, 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 Milkground Food Tech Co and its competitors. This is 19% below median its historical median of 4.18. Over the past decade, Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio has ranged from 2.29 to 24.53. According to the industry distribution chart, Shanghai Milkground Food Tech Co ranks #1156 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 83.4%.
Is Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio too high?
Shanghai Milkground Food Tech Co's current Cyclically Adjusted PB Ratio of 3.39 is 19% below median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 24.53. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Shanghai Milkground Food Tech Co's value of 3.39 is 164.8% above this industry median. Based on the distribution chart, Shanghai Milkground Food Tech Co ranks #1156 out of 1386 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Shanghai Milkground Food Tech Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Milkground Food Tech Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shanghai Milkground Food Tech Co ranks #1156 out of 1386 companies for Cyclically Adjusted PB Ratio. This places Shanghai Milkground Food Tech Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Shanghai Milkground Food Tech Co's value of 3.39 is 164.8% above this benchmark. Historically, Shanghai Milkground Food Tech Co's own Cyclically Adjusted PB Ratio has ranged from 2.29 to 24.53 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 1.28, Shanghai Milkground Food Tech 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.28, based on 1,386 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 Milkground Food Tech Co's current Cyclically Adjusted PB Ratio of 3.39 is 164.8% 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 Shanghai Milkground Food Tech Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Milkground Food Tech Co's current Cyclically Adjusted PB Ratio is 3.39, which is 19% below median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Milkground Food Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Milkground Food Tech Co (SHSE:600882) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥25.18, compared to a current price of ¥20.93 — trading 16.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.39, which is 19% below median its 10-year median of 4.18 and 164.8% above the Consumer Packaged Goods industry median of 1.28. Shanghai Milkground Food Tech Co's overall GF Score™ is 82/100 with 7 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 Milkground Food Tech Co (SHSE:600882), the current Cyclically Adjusted PB Ratio is 3.39 as of Aug. 16, 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 Milkground Food Tech Co (SHSE:600882) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Milkground Food Tech Co stock appears to be undervalued. The current stock price of ¥20.93 is trading 16.9% below its estimated GF Value™ of ¥25.18. GuruFocus considers Shanghai Milkground Food Tech Co to be Modestly Undervalued.

Key valuation signals for SHSE:600882:

  • Cyclically Adjusted PB Ratio: 3.39 (19% below median its 10-year median of 4.18)
  • GF Value™: ¥25.18 vs. price of ¥20.93 (16.9% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 164.8% above the Consumer Packaged Goods median (#1156 of 1386)

No single metric tells the full story. See the SHSE:600882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Milkground Food Tech Co Business Description

Address No. 1398 Jinqiao Road, 9th Floor, Jintai Building, Pudong New District, Shanghai, CHN, 200136
Shanghai Milkground Food Tech Co Ltd is engaged in research and development, production, and sales of dairy products with a focus on cheese and liquid milk. Some of its products include Cheese sticks 100g; Cheese sticks 500g; Butter Fresh; Refined mozzarella cheese 125g; Refined mozzarella cheese 450g; Mozzarella cheese and others.
82GF Score

Get the complete analysis for SHSE:600882

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

¥20.93
Price
¥25.18
GF Value