The Pacific Securities Co (SHSE:601099) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:601099 The Pacific Securities Co Ltd SHSE:601099
59 GF Score
Price ¥3.59
GF Value ¥4.05
Valuation Modestly Undervalued
View Full Analysis

What is The Pacific Securities Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Pacific Securities Co  (SHSE:601099) 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.


The Pacific Securities Co Cyclically Adjusted PB Ratio Related Terms


The Pacific Securities Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Pacific Securities 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.

The Pacific Securities Co Cyclically Adjusted PB Ratio Chart

The Pacific Securities 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 2.33 1.70 2.34 2.69 2.59

The Pacific Securities 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 2.43 2.83 2.53 2.32 2.11

SHSE:601099 vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, The Pacific Securities 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.


The Pacific Securities Co Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Pacific Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Pacific Securities Co's Cyclically Adjusted PB Ratio falls into.


SHSE:601099
59GF Score
The Pacific Securities Co Ltd SHSE:601099
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Pacific Securities 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.

The Pacific Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, The Pacific Securities 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)
=1.474/116.0564*116.0564
=1.474

Current CPI (Jun. 2026) = 116.0564.

The Pacific Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.793 102.400 2.032
201612 1.848 102.600 2.090
201703 1.846 103.200 2.076
201706 1.741 103.100 1.960
201709 1.774 104.100 1.978
201712 1.772 104.500 1.968
201803 1.781 105.300 1.963
201806 1.744 104.900 1.929
201809 1.699 106.600 1.850
201812 1.556 106.500 1.696
201903 1.543 107.700 1.663
201906 1.541 107.700 1.661
201909 1.549 109.800 1.637
201912 1.532 111.200 1.599
202003 1.544 112.300 1.596
202006 1.540 110.400 1.619
202009 1.543 111.700 1.603
202012 1.417 111.500 1.475
202103 1.417 112.662 1.460
202106 1.434 111.769 1.489
202109 1.464 112.215 1.514
202112 1.431 113.108 1.468
202203 1.430 114.335 1.452
202206 1.418 114.558 1.437
202209 1.415 115.339 1.424
202212 1.356 115.116 1.367
202303 1.377 115.116 1.388
202306 1.386 114.558 1.404
202309 1.392 115.339 1.401
202312 1.391 114.781 1.406
202403 1.396 115.227 1.406
202406 1.400 114.781 1.416
202409 1.410 115.785 1.413
202412 1.423 114.893 1.437
202503 1.433 115.116 1.445
202506 1.441 114.907 1.455
202509 1.459 115.471 1.466
202512 1.454 115.832 1.457
202603 1.457 116.303 1.454
202606 1.474 116.056 1.474

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.

Is The Pacific Securities Co (SHSE:601099) Overvalued in 2026?

Based on GuruFocus' analysis, The Pacific Securities Co stock appears to be undervalued. The current stock price of ¥3.59 is trading 11.4% below its estimated GF Value™ of ¥4.05. GuruFocus considers The Pacific Securities Co to be Modestly Undervalued.

Key valuation signals for SHSE:601099:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ¥4.05 vs. price of ¥3.59 (11.4% below fair value)
  • GF Score™: 59/100

No single metric tells the full story. See the SHSE:601099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Pacific Securities Co Business Description

Address No. 926 Beijing Road, 31st Floor, Tongde Plaza Office Building, Yunnan Province, Kunming, CHN, 650224
The Pacific Securities Co Ltd is a China-based company. It is engaged in the Securities underwriting and listing recommendation, proprietary securities trading, securities agency trading and other businesses.
59GF Score

Get the complete analysis for SHSE:601099

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

¥3.59
Price
¥4.05
GF Value