Power Construction of China (SHSE:601669) Cyclically Adjusted PB Ratio: 0.59 (As of Aug. 21, 2026) — 31% Below Median

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SHSE:601669 Power Construction Corporation of China Ltd SHSE:601669
79 GF Score
Price ¥4.61
GF Value ¥6.07
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Power Construction of China Cyclically Adjusted PB Ratio?

Power Construction of China SHSE:601669 -0.43% 79 Cyclically Adjusted PB Ratio is 0.59 as of Aug. 21, 2026, which is 31% below its 10-year median of 0.85. GuruFocus rates SHSE:601669 with a GF Score™ of 79/100 and a GF Value™ of ¥6.07 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,284 Construction companies, Power Construction of China ranks better than 72.27% on this metric.

As of today (2026-08-21), Power Construction of China's current share price is ¥4.61. Power Construction of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥7.75. Power Construction of China's Cyclically Adjusted PB Ratio for today is 0.59.

The historical rank and industry rank for Power Construction of China's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:601669' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.85   Max: 1.88
Current: 0.61

During the past years, Power Construction of China's highest Cyclically Adjusted PB Ratio was 1.88. The lowest was 0.60. And the median was 0.85.

SHSE:601669's Cyclically Adjusted PB Ratio is ranked better than
72.27% of 1284 companies
in the Construction industry
Industry Median: 1.13 vs SHSE:601669: 0.61

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.

Power Construction of China's adjusted book value per share data for the three months ended in Mar. 2026 was ¥9.838. 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 ¥7.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Power Construction of China  (SHSE:601669) 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.


Power Construction of China Cyclically Adjusted PB Ratio Related Terms


Power Construction of China Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Power Construction of China'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.

Power Construction of China Cyclically Adjusted PB Ratio Chart

Power Construction of China 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 1.51 1.19 0.76 0.78 0.69

Power Construction of China 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 0.67 0.67 0.75 0.69 0.74

SHSE:601669 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Power Construction of China'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.


Power Construction of China Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Power Construction of China's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Power Construction of China's Cyclically Adjusted PB Ratio falls into.


SHSE:601669
79GF Score
Power Construction Corporation of China Ltd SHSE:601669
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Power Construction of China 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.

Power Construction of China's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.61/7.75
=0.59

* 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.

Power Construction of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Power Construction of China'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)
=9.838/116.3033*116.3033
=9.838

Current CPI (Mar. 2026) = 116.3033.

Power Construction of China Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.162 101.400 4.774
201609 4.210 102.400 4.782
201612 4.341 102.600 4.921
201703 4.014 103.200 4.524
201706 4.907 103.100 5.535
201709 4.926 104.100 5.503
201712 5.060 104.500 5.632
201803 5.124 105.300 5.659
201806 5.189 104.900 5.753
201809 5.341 106.600 5.827
201812 5.460 106.500 5.963
201903 5.601 107.700 6.048
201906 5.671 107.700 6.124
201909 5.729 109.800 6.068
201912 6.949 111.200 7.268
202003 6.988 112.300 7.237
202006 7.143 110.400 7.525
202009 7.052 111.700 7.343
202012 7.680 111.500 8.011
202103 7.908 112.662 8.164
202106 7.942 111.769 8.264
202109 8.080 112.215 8.374
202112 9.249 113.108 9.510
202203 7.844 114.335 7.979
202206 8.262 114.558 8.388
202209 8.382 115.339 8.452
202212 10.027 115.116 10.130
202303 9.094 115.116 9.188
202306 9.770 114.558 9.919
202309 9.408 115.339 9.487
202312 9.325 114.781 9.449
202403 9.516 115.227 9.605
202406 9.705 114.781 9.834
202409 9.713 115.785 9.756
202412 9.613 114.893 9.731
202503 9.652 115.116 9.752
202506 9.765 114.907 9.884
202509 9.932 115.471 10.004
202512 9.723 115.832 9.763
202603 9.838 116.303 9.838

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 0.59 mean?
Power Construction of China (SHSE:601669) has a Cyclically Adjusted PB Ratio of 0.59 as of Aug. 21, 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 Power Construction of China and its competitors. This is 31% below median its historical median of 0.85. Over the past decade, Power Construction of China's Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.88. According to the industry distribution chart, Power Construction of China ranks #356 out of 1284 companies in the Construction industry, placing it in the top 27.7%.
Is Power Construction of China's Cyclically Adjusted PB Ratio too high?
Power Construction of China's current Cyclically Adjusted PB Ratio of 0.59 is 31% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.88. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Power Construction of China's value of 0.59 is 47.8% below this industry median. Based on the distribution chart, Power Construction of China ranks #356 out of 1284 companies in the Construction industry, which is above the industry midpoint. Overall, Power Construction of China has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Power Construction of China's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Power Construction of China ranks #356 out of 1284 companies for Cyclically Adjusted PB Ratio. This puts Power Construction of China in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Power Construction of China's value of 0.59 is 47.8% below this benchmark. Historically, Power Construction of China's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.88 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.13, Power Construction of China has consistently been below 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,284 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. Power Construction of China's current Cyclically Adjusted PB Ratio of 0.59 is 47.8% below 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 Power Construction of China and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Construction of China's current Cyclically Adjusted PB Ratio is 0.59, which is 31% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Construction of China stock overvalued right now?
Based on GuruFocus' analysis, Power Construction of China (SHSE:601669) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.07, compared to a current price of ¥4.61 — trading 24.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.59, which is 31% below median its 10-year median of 0.85 and 47.8% below the Construction industry median of 1.13. Power Construction of China's overall GF Score™ is 79/100 with 8 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 Power Construction of China (SHSE:601669), the current Cyclically Adjusted PB Ratio is 0.59 as of Aug. 21, 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 Power Construction of China (SHSE:601669) Overvalued in 2026?

Based on GuruFocus' analysis, Power Construction of China stock appears to be undervalued. The current stock price of ¥4.61 is trading 24.1% below its estimated GF Value™ of ¥6.07. GuruFocus considers Power Construction of China to be Modestly Undervalued.

Key valuation signals for SHSE:601669:

  • Cyclically Adjusted PB Ratio: 0.59 (31% below median its 10-year median of 0.85)
  • GF Value™: ¥6.07 vs. price of ¥4.61 (24.1% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 47.8% below the Construction median (#356 of 1284)

No single metric tells the full story. See the SHSE:601669 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Power Construction of China Business Description

Address No. 1, Linglongxiang Road, Building 1, Tower A, China Power Construction Technology Innovation Industrial Park, Haidian District, Beijing, CHN, 100037
Power Construction Corporation of China Ltd is engaged in engineering contracting, power investment and operation, equipment manufacturing and leasing, and real estate development.
79GF Score

Get the complete analysis for SHSE:601669

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

¥4.61
Price
¥6.07
GF Value