Northern United Publishing & Media Group Co (SHSE:601999) 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
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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:601999 Northern United Publishing & Media Group Co Ltd SHSE:601999
53 GF Score
Price ¥6.97
GF Value ¥5.15
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Northern United Publishing & Media Group Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Northern United Publishing & Media Group Co  (SHSE:601999) 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.


Northern United Publishing & Media Group Co Cyclically Adjusted PB Ratio Related Terms


Northern United Publishing & Media Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Northern United Publishing & Media 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.

Northern United Publishing & Media Group Co Cyclically Adjusted PB Ratio Chart

Northern United Publishing & Media 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 1.74 1.58 1.76 1.45 1.54

Northern United Publishing & Media 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 1.61 1.58 1.55 1.76 1.24

SHSE:601999 vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Northern United Publishing & Media 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.


Northern United Publishing & Media Group Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

* The bar in red indicates where Northern United Publishing & Media Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:601999
53GF Score
Northern United Publishing & Media Group Co Ltd SHSE:601999
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northern United Publishing & Media 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.

Northern United Publishing & Media Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Northern United Publishing & Media 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)
=4.881/116.0564*116.0564
=4.881

Current CPI (Jun. 2026) = 116.0564.

Northern United Publishing & Media Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.494 102.400 3.960
201612 3.513 102.600 3.974
201703 3.531 103.200 3.971
201706 3.553 103.100 3.999
201709 3.647 104.100 4.066
201712 3.741 104.500 4.155
201803 3.777 105.300 4.163
201806 3.772 104.900 4.173
201809 3.877 106.600 4.221
201812 3.988 106.500 4.346
201903 4.023 107.700 4.335
201906 4.086 107.700 4.403
201909 4.085 109.800 4.318
201912 4.150 111.200 4.331
202003 4.117 112.300 4.255
202006 4.177 110.400 4.391
202009 4.295 111.700 4.463
202012 4.313 111.500 4.489
202103 4.336 112.662 4.467
202106 4.388 111.769 4.556
202109 4.449 112.215 4.601
202112 4.433 113.108 4.549
202203 4.417 114.335 4.484
202206 4.421 114.558 4.479
202209 4.432 115.339 4.460
202212 4.506 115.116 4.543
202303 4.494 115.116 4.531
202306 4.481 114.558 4.540
202309 4.570 115.339 4.598
202312 4.647 114.781 4.699
202403 4.632 115.227 4.665
202406 4.666 114.781 4.718
202409 4.657 115.785 4.668
202412 4.767 114.893 4.815
202503 4.777 115.116 4.816
202506 4.782 114.907 4.830
202509 4.841 115.471 4.866
202512 4.887 115.832 4.896
202603 4.898 116.303 4.888
202606 4.881 116.056 4.881

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 Northern United Publishing & Media Group Co (SHSE:601999) Overvalued in 2026?

Based on GuruFocus' analysis, Northern United Publishing & Media Group Co stock appears to be overvalued. The current stock price of ¥6.97 is trading 35.3% above its estimated GF Value™ of ¥5.15. GuruFocus considers Northern United Publishing & Media Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:601999:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ¥5.15 vs. price of ¥6.97 (35.3% above fair value)
  • GF Score™: 53/100 with 5 warning signs

No single metric tells the full story. See the SHSE:601999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northern United Publishing & Media Group Co Business Description

Address No. 29, 11th Wei Road, Heping District, Liaoning Province, Shenyang, CHN, 110003
Northern United Publishing & Media Group Co Ltd is engaged in publishing business, publication distribution business, bill printing business and printing material supply business. Its main business covers the editing, publishing, distribution and market operation of cultural media products such as books, periodicals, electronic publications, audio-visual products, and other printed materials. The business scope also includes the purchase and sale of printing materials, copyright trade, foreign publishing, distribution, printing trade, Internet publishing, distribution, advertising, exhibitions, cultural services, domestic and foreign investment, asset management and operation.
53GF Score

Get the complete analysis for SHSE:601999

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

¥6.97
Price
¥5.15
GF Value