Shanghai DZH (SHSE:601519) Cyclically Adjusted PB Ratio: 11.66 (As of Aug. 31, 2026) — 66% Above Median

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:601519 Shanghai DZH Ltd SHSE:601519
60 GF Score
Price ¥8.86
GF Value ¥9.07
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Shanghai DZH Cyclically Adjusted PB Ratio?

Shanghai DZH SHSE:601519 -0.45% 60 Cyclically Adjusted PB Ratio is 11.66 as of Aug. 31, 2026, which is 66% above its 10-year median of 7.02. GuruFocus rates SHSE:601519 with a GF Score™ of 60/100 and a GF Value™ of ¥9.07 (Fairly Valued). The stock has 1 warning sign investors should review. Among 432 Capital Markets companies, Shanghai DZH ranks worse than 96.06% on this metric.

As of today (2026-08-31), Shanghai DZH's current share price is ¥8.86. Shanghai DZH's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥0.76. Shanghai DZH's Cyclically Adjusted PB Ratio for today is 11.66.

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

SHSE:601519' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.41   Med: 7.02   Max: 20.21
Current: 11.71

During the past years, Shanghai DZH's highest Cyclically Adjusted PB Ratio was 20.21. The lowest was 4.41. And the median was 7.02.

SHSE:601519's Cyclically Adjusted PB Ratio is ranked worse than
96.06% of 432 companies
in the Capital Markets industry
Industry Median: 1.48 vs SHSE:601519: 11.71

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 DZH's adjusted book value per share data for the three months ended in Jun. 2026 was ¥0.649. 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 ¥0.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai DZH  (SHSE:601519) 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 DZH Cyclically Adjusted PB Ratio Related Terms


Shanghai DZH Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai DZH'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 DZH Cyclically Adjusted PB Ratio Chart

Shanghai DZH 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 6.40 5.41 7.49 10.41 16.16

Shanghai DZH 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 12.20 19.86 16.16 13.35 11.36

SHSE:601519 vs SPGI, CME, ICE: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Shanghai DZH'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 DZH Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shanghai DZH's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai DZH's Cyclically Adjusted PB Ratio falls into.


SHSE:601519
60GF Score
Shanghai DZH Ltd SHSE:601519
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai DZH 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 DZH's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.86/0.76
=11.66

* 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 DZH's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shanghai DZH'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)
=0.649/116.0564*116.0564
=0.649

Current CPI (Jun. 2026) = 116.0564.

Shanghai DZH Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.984 102.400 1.115
201612 0.475 102.600 0.537
201703 0.436 103.200 0.490
201706 0.419 103.100 0.472
201709 0.692 104.100 0.771
201712 0.685 104.500 0.761
201803 0.681 105.300 0.751
201806 0.672 104.900 0.743
201809 0.676 106.600 0.736
201812 0.731 106.500 0.797
201903 0.719 107.700 0.775
201906 0.687 107.700 0.740
201909 0.687 109.800 0.726
201912 0.738 111.200 0.770
202003 0.721 112.300 0.745
202006 0.730 110.400 0.767
202009 0.742 111.700 0.771
202012 0.763 111.500 0.794
202103 0.746 112.662 0.768
202106 0.748 111.769 0.777
202109 0.765 112.215 0.791
202112 0.777 113.108 0.797
202203 0.759 114.335 0.770
202206 0.799 114.558 0.809
202209 0.806 115.339 0.811
202212 0.792 115.116 0.798
202303 0.947 115.116 0.955
202306 0.950 114.558 0.962
202309 0.925 115.339 0.931
202312 0.839 114.781 0.848
202403 0.810 115.227 0.816
202406 0.769 114.781 0.778
202409 0.717 115.785 0.719
202412 0.715 114.893 0.722
202503 0.717 115.116 0.723
202506 0.696 114.907 0.703
202509 0.682 115.471 0.685
202512 0.672 115.832 0.673
202603 0.652 116.303 0.651
202606 0.649 116.056 0.649

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 11.66 mean?
Shanghai DZH (SHSE:601519) has a Cyclically Adjusted PB Ratio of 11.66 as of Aug. 31, 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 DZH and its competitors. This is 66% above median its historical median of 7.02. Over the past decade, Shanghai DZH's Cyclically Adjusted PB Ratio has ranged from 4.41 to 20.21. According to the industry distribution chart, Shanghai DZH ranks #415 out of 432 companies in the Capital Markets industry, placing it in the top 96.1%.
Is Shanghai DZH's Cyclically Adjusted PB Ratio too high?
Shanghai DZH's current Cyclically Adjusted PB Ratio of 11.66 is 66% above median its 10-year median of 7.02. Over the past 10 years, this metric has ranged from a low of 4.41 to a high of 20.21. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.48. Shanghai DZH's value of 11.66 is 687.8% above this industry median. Based on the distribution chart, Shanghai DZH ranks #415 out of 432 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Shanghai DZH has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai DZH's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Shanghai DZH ranks #415 out of 432 companies for Cyclically Adjusted PB Ratio. This places Shanghai DZH in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.48. Shanghai DZH's value of 11.66 is 687.8% above this benchmark. Historically, Shanghai DZH's own Cyclically Adjusted PB Ratio has ranged from 4.41 to 20.21 over the past decade. While the company's 10-year median is 7.02 vs. the industry median of 1.48, Shanghai DZH 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.48, based on 432 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 DZH's current Cyclically Adjusted PB Ratio of 11.66 is 687.8% 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 DZH and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai DZH's current Cyclically Adjusted PB Ratio is 11.66, which is 66% above median its own 10-year median of 7.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai DZH stock overvalued right now?
Based on GuruFocus' analysis, Shanghai DZH (SHSE:601519) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.07, compared to a current price of ¥8.86 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.66, which is 66% above median its 10-year median of 7.02 and 687.8% above the Capital Markets industry median of 1.48. Shanghai DZH's overall GF Score™ is 60/100 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 Shanghai DZH (SHSE:601519), the current Cyclically Adjusted PB Ratio is 11.66 as of Aug. 31, 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 DZH (SHSE:601519) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai DZH stock appears to be undervalued. The current stock price of ¥8.86 is trading 2.3% below its estimated GF Value™ of ¥9.07. GuruFocus considers Shanghai DZH to be Fairly Valued.

Key valuation signals for SHSE:601519:

  • Cyclically Adjusted PB Ratio: 11.66 (66% above median its 10-year median of 7.02)
  • GF Value™: ¥9.07 vs. price of ¥8.86 (2.3% below fair value)
  • GF Score™: 60/100 with 1 warning sign
  • Industry Position: 687.8% above the Capital Markets median (#415 of 432)

No single metric tells the full story. See the SHSE:601519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai DZH Business Description

Address Yanggao South Road, Building 1, Number 428, Pudong, Shanghai, CHN, 200127
Shanghai DZH Ltd operates as an Internet financial information service provider in China. It offers professional financial data and data analysis services. It also provides non-investment consulting and agency-specific software products. In addition, the company offers financial information integrated services internationally.
60GF Score

Get the complete analysis for SHSE:601519

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

¥8.86
Price
¥9.07
GF Value