China Film Group Co (SHSE:600977) Cyclically Adjusted PB Ratio: 1.99 (As of Aug. 27, 2026) — 14% Below Median

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SHSE:600977 China Film Group Co Ltd SHSE:600977
82 GF Score
Price ¥12.18
GF Value ¥12.32
Valuation Fairly Valued
! 1 Warning Sign
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What is China Film Group Co Cyclically Adjusted PB Ratio?

China Film Group Co SHSE:600977 -0.33% 82 Cyclically Adjusted PB Ratio is 1.99 as of Aug. 27, 2026, which is 14% below its 10-year median of 2.31. GuruFocus rates SHSE:600977 with a GF Score™ of 82/100 and a GF Value™ of ¥12.32 (Fairly Valued). The stock has 1 warning sign investors should review. Among 663 Media - Diversified companies, China Film Group Co ranks worse than 73.91% on this metric.

As of today (2026-08-27), China Film Group Co's current share price is ¥12.18. China Film Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥6.13. China Film Group Co's Cyclically Adjusted PB Ratio for today is 1.99.

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

SHSE:600977' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.69   Med: 2.31   Max: 3.27
Current: 1.99

During the past years, China Film Group Co's highest Cyclically Adjusted PB Ratio was 3.27. The lowest was 1.69. And the median was 2.31.

SHSE:600977's Cyclically Adjusted PB Ratio is ranked worse than
73.91% of 663 companies
in the Media - Diversified industry
Industry Median: 0.99 vs SHSE:600977: 1.99

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.

China Film Group Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥5.854. 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 ¥6.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Film Group Co  (SHSE:600977) 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.


China Film Group Co Cyclically Adjusted PB Ratio Related Terms


China Film Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Film Group 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.

China Film Group Co Cyclically Adjusted PB Ratio Chart

China Film Group 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 2.71 2.60 2.19 1.95 2.61

China Film Group Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.81 2.62 2.61 2.20 2.11

SHSE:600977 vs NFLX, DIS, WBD: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, China Film Group 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.


China Film Group Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Film Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Film Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:600977
82GF Score
China Film Group Co Ltd SHSE:600977
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Film Group 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.

China Film Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.18/6.13
=1.99

* 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.

China Film Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Film Group Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.854/116.0564*116.0564
=5.854

Current CPI (Jun. 2026) = 116.0564.

China Film Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.127 102.400 5.811
201612 5.238 102.600 5.925
201703 5.386 103.200 6.057
201706 5.328 103.100 5.998
201709 5.412 104.100 6.034
201712 5.536 104.500 6.148
201803 5.716 105.300 6.300
201806 5.551 104.900 6.141
201809 5.889 106.600 6.411
201812 6.083 106.500 6.629
201903 6.286 107.700 6.774
201906 6.220 107.700 6.703
201909 6.323 109.800 6.683
201912 6.424 111.200 6.705
202003 6.302 112.300 6.513
202006 5.836 110.400 6.135
202009 5.806 111.700 6.032
202012 5.818 111.500 6.056
202103 5.894 112.662 6.072
202106 5.981 111.769 6.210
202109 5.958 112.215 6.162
202112 5.944 113.108 6.099
202203 6.006 114.335 6.096
202206 5.915 114.558 5.992
202209 5.904 115.339 5.941
202212 5.794 115.116 5.841
202303 5.891 115.116 5.939
202306 5.986 114.558 6.064
202309 6.051 115.339 6.089
202312 5.977 114.781 6.043
202403 5.993 115.227 6.036
202406 5.975 114.781 6.041
202409 5.974 115.785 5.988
202412 5.898 114.893 5.958
202503 5.823 115.116 5.871
202506 5.827 114.907 5.885
202509 5.922 115.471 5.952
202512 5.948 115.832 5.960
202603 5.885 116.303 5.873
202606 5.854 116.056 5.854

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 1.99 mean?
China Film Group Co (SHSE:600977) has a Cyclically Adjusted PB Ratio of 1.99 as of Aug. 27, 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 China Film Group Co and its competitors. This is 14% below median its historical median of 2.31. Over the past decade, China Film Group Co's Cyclically Adjusted PB Ratio has ranged from 1.69 to 3.27. According to the industry distribution chart, China Film Group Co ranks #490 out of 663 companies in the Media - Diversified industry, placing it in the top 73.9%.
Is China Film Group Co's Cyclically Adjusted PB Ratio too high?
China Film Group Co's current Cyclically Adjusted PB Ratio of 1.99 is 14% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 3.27. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. China Film Group Co's value of 1.99 is 101% above this industry median. Based on the distribution chart, China Film Group Co ranks #490 out of 663 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, China Film Group Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Film Group Co's Cyclically Adjusted PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, China Film Group Co ranks #490 out of 663 companies for Cyclically Adjusted PB Ratio. This places China Film Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. China Film Group Co's value of 1.99 is 101% above this benchmark. Historically, China Film Group Co's own Cyclically Adjusted PB Ratio has ranged from 1.69 to 3.27 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 0.99, China Film Group 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 663 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. China Film Group Co's current Cyclically Adjusted PB Ratio of 1.99 is 101% 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 China Film Group Co and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Film Group Co's current Cyclically Adjusted PB Ratio is 1.99, which is 14% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Film Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Film Group Co (SHSE:600977) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.32, compared to a current price of ¥12.18 — trading 1.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.99, which is 14% below median its 10-year median of 2.31 and 101% above the Media - Diversified industry median of 0.99. China Film Group Co's overall GF Score™ is 82/100 with 1 warning sign 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 China Film Group Co (SHSE:600977), the current Cyclically Adjusted PB Ratio is 1.99 as of Aug. 27, 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 China Film Group Co (SHSE:600977) Overvalued in 2026?

Based on GuruFocus' analysis, China Film Group Co stock appears to be undervalued. The current stock price of ¥12.18 is trading 1.1% below its estimated GF Value™ of ¥12.32. GuruFocus considers China Film Group Co to be Fairly Valued.

Key valuation signals for SHSE:600977:

  • Cyclically Adjusted PB Ratio: 1.99 (14% below median its 10-year median of 2.31)
  • GF Value™: ¥12.32 vs. price of ¥12.18 (1.1% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 101% above the Media - Diversified median (#490 of 663)

No single metric tells the full story. See the SHSE:600977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Film Group Co Business Description

Address No. 10, Fenghe 1st Park, engxiang Science and Technology Development Zone, Yangsong Town, Huairou District, Beijing, CHN, 100088
China Film Group Co Ltd is engaged in film and television production, film distribution, film screening, and film and television service business. The company's business includes six sectors: creation, distribution, screening, technology, services, and innovation, covering film and TV series production, post-product management; domestic and imported film promotion and distribution; cinema investment, theater chain management; film technology research and development, film and television equipment production and sales and technical services; film and television production, ticketing platform and financial leasing services and other fields.
82GF Score

Get the complete analysis for SHSE:600977

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

¥12.18
Price
¥12.32
GF Value