Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Cyclically Adjusted PB Ratio: 4.41 (As of Aug. 19, 2026) — 15% Above Median

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SHSE:601231 Universal Scientific Industrial (Shanghai) Co Ltd SHSE:601231
83 GF Score
Price ¥27.32
GF Value ¥15.06
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Universal Scientific Industrial (Shanghai) Co Cyclically Adjusted PB Ratio?

Universal Scientific Industrial (Shanghai) Co SHSE:601231 +1.67% 83 Cyclically Adjusted PB Ratio is 4.41 as of Aug. 19, 2026, which is 15% above its 10-year median of 3.83. GuruFocus rates SHSE:601231 with a GF Score™ of 83/100 and a GF Value™ of ¥15.06 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,955 Hardware companies, Universal Scientific Industrial (Shanghai) Co ranks worse than 74.73% on this metric.

As of today (2026-08-19), Universal Scientific Industrial (Shanghai) Co's current share price is ¥27.32. Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥6.19. Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio for today is 4.41.

The historical rank and industry rank for Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:601231' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.4   Med: 3.83   Max: 8.39
Current: 4.46

During the past years, Universal Scientific Industrial (Shanghai) Co's highest Cyclically Adjusted PB Ratio was 8.39. The lowest was 2.40. And the median was 3.83.

SHSE:601231's Cyclically Adjusted PB Ratio is ranked worse than
74.73% of 1955 companies
in the Hardware industry
Industry Median: 2.1 vs SHSE:601231: 4.46

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.

Universal Scientific Industrial (Shanghai) Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥9.378. 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 ¥6.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Universal Scientific Industrial (Shanghai) Co  (SHSE:601231) 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.


Universal Scientific Industrial (Shanghai) Co Cyclically Adjusted PB Ratio Related Terms


Universal Scientific Industrial (Shanghai) Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co Cyclically Adjusted PB Ratio Chart

Universal Scientific Industrial (Shanghai) 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 4.28 3.79 3.15 3.10 5.10

Universal Scientific Industrial (Shanghai) 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 2.62 3.82 5.10 5.45 5.23

SHSE:601231 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Universal Scientific Industrial (Shanghai) 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.


Universal Scientific Industrial (Shanghai) Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio falls into.


SHSE:601231
83GF Score
Universal Scientific Industrial (Shanghai) Co Ltd SHSE:601231
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Scientific Industrial (Shanghai) 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.

Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.32/6.19
=4.41

* 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.

Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Universal Scientific Industrial (Shanghai) 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)
=9.378/116.0564*116.0564
=9.378

Current CPI (Jun. 2026) = 116.0564.

Universal Scientific Industrial (Shanghai) Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.323 102.400 3.766
201612 3.463 102.600 3.917
201703 3.625 103.200 4.077
201706 3.625 103.100 4.081
201709 3.763 104.100 4.195
201712 3.967 104.500 4.406
201803 4.046 105.300 4.459
201806 3.962 104.900 4.383
201809 4.162 106.600 4.531
201812 4.324 106.500 4.712
201903 4.412 107.700 4.754
201906 4.298 107.700 4.631
201909 4.500 109.800 4.756
201912 4.716 111.200 4.922
202003 4.825 112.300 4.986
202006 4.808 110.400 5.054
202009 5.040 111.700 5.237
202012 5.454 111.500 5.677
202103 5.784 112.662 5.958
202106 5.412 111.769 5.620
202109 5.582 112.215 5.773
202112 5.919 113.108 6.073
202203 6.068 114.335 6.159
202206 6.141 114.558 6.221
202209 6.722 115.339 6.764
202212 7.137 115.116 7.195
202303 7.249 115.116 7.308
202306 7.180 114.558 7.274
202309 7.396 115.339 7.442
202312 7.689 114.781 7.774
202403 7.790 115.227 7.846
202406 7.685 114.781 7.770
202409 7.909 115.785 7.928
202412 8.187 114.893 8.270
202503 8.342 115.116 8.410
202506 8.418 114.907 8.502
202509 8.599 115.471 8.643
202512 9.091 115.832 9.109
202603 9.679 116.303 9.658
202606 9.378 116.056 9.378

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 4.41 mean?
Universal Scientific Industrial (Shanghai) Co (SHSE:601231) has a Cyclically Adjusted PB Ratio of 4.41 as of Aug. 19, 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 Universal Scientific Industrial (Shanghai) Co and its competitors. This is 15% above median its historical median of 3.83. Over the past decade, Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio has ranged from 2.40 to 8.39. According to the industry distribution chart, Universal Scientific Industrial (Shanghai) Co ranks #1461 out of 1955 companies in the Hardware industry, placing it in the top 74.7%.
Is Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio too high?
Universal Scientific Industrial (Shanghai) Co's current Cyclically Adjusted PB Ratio of 4.41 is 15% above median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 8.39. The Hardware industry median Cyclically Adjusted PB Ratio is 2.10. Universal Scientific Industrial (Shanghai) Co's value of 4.41 is 110% above this industry median. Based on the distribution chart, Universal Scientific Industrial (Shanghai) Co ranks #1461 out of 1955 companies in the Hardware industry, which is below the industry midpoint. Overall, Universal Scientific Industrial (Shanghai) Co has a GF Scoreâ„¢ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Universal Scientific Industrial (Shanghai) Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Universal Scientific Industrial (Shanghai) Co ranks #1461 out of 1955 companies for Cyclically Adjusted PB Ratio. This places Universal Scientific Industrial (Shanghai) Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Universal Scientific Industrial (Shanghai) Co's value of 4.41 is 110% above this benchmark. Historically, Universal Scientific Industrial (Shanghai) Co's own Cyclically Adjusted PB Ratio has ranged from 2.40 to 8.39 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 2.10, Universal Scientific Industrial (Shanghai) 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.10, based on 1,955 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. Universal Scientific Industrial (Shanghai) Co's current Cyclically Adjusted PB Ratio of 4.41 is 110% 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 Universal Scientific Industrial (Shanghai) Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Scientific Industrial (Shanghai) Co's current Cyclically Adjusted PB Ratio is 4.41, which is 15% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Scientific Industrial (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Universal Scientific Industrial (Shanghai) Co (SHSE:601231) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥15.06, compared to a current price of ¥27.32 — trading 81.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.41, which is 15% above median its 10-year median of 3.83 and 110% above the Hardware industry median of 2.10. Universal Scientific Industrial (Shanghai) Co's overall GF Score™ is 83/100 with 4 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 Universal Scientific Industrial (Shanghai) Co (SHSE:601231), the current Cyclically Adjusted PB Ratio is 4.41 as of Aug. 19, 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 Universal Scientific Industrial (Shanghai) Co (SHSE:601231) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Scientific Industrial (Shanghai) Co stock appears to be overvalued. The current stock price of Â¥27.32 is trading 81.4% above its estimated GF Value™ of Â¥15.06. GuruFocus considers Universal Scientific Industrial (Shanghai) Co to be Significantly Overvalued.

Key valuation signals for SHSE:601231:

  • Cyclically Adjusted PB Ratio: 4.41 (15% above median its 10-year median of 3.83)
  • GF Value™: Â¥15.06 vs. price of Â¥27.32 (81.4% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 110% above the Hardware median (#1461 of 1955)

No single metric tells the full story. See the SHSE:601231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Scientific Industrial (Shanghai) Co Business Description

Address No. 169, Shengxia Road, 5th Floor, Building B, Pudong New Area, Shanghai, CHN, 201203
Universal Scientific Industrial (Shanghai) Co Ltd provides electronics manufacturing service industry, and its products are mainly used in consumer electronics, cloud storage, industrial, automotive electronics, and medical industries. The Company's service products, business layout, and operations are characterized by modularization, diversification, and globalization. The company's sales service network spans North America, Europe, Japan, China, Taiwan, and has manufacturing sites in China, Taiwan, Korea, and Mexico.
83GF Score

Get the complete analysis for SHSE:601231

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

Â¥27.32
Price
Â¥15.06
GF Value