Thinkingdom Media Group (SHSE:603096) Cyclically Adjusted PB Ratio: 1.31 (As of Sep. 12, 2026) — 20% Below 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:603096 Thinkingdom Media Group Ltd SHSE:603096
70 GF Score
Price ¥15.25
GF Value ¥14.45
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Thinkingdom Media Group Cyclically Adjusted PB Ratio?

Thinkingdom Media Group SHSE:603096 -1.80% 70 Cyclically Adjusted PB Ratio is 1.31 as of Sep. 12, 2026, which is 20% below its 10-year median of 1.64. GuruFocus rates SHSE:603096 with a GF Score™ of 70/100 and a GF Value™ of ¥14.45 (Fairly Valued). The stock has 5 warning signs investors should review. Among 652 Media - Diversified companies, Thinkingdom Media Group ranks worse than 59.97% on this metric.

As of today (2026-09-12), Thinkingdom Media Group's current share price is ¥15.25. Thinkingdom Media Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥11.66. Thinkingdom Media Group's Cyclically Adjusted PB Ratio for today is 1.31.

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

SHSE:603096' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 1.64   Max: 2.01
Current: 1.35

During the past years, Thinkingdom Media Group's highest Cyclically Adjusted PB Ratio was 2.01. The lowest was 1.12. And the median was 1.64.

SHSE:603096's Cyclically Adjusted PB Ratio is ranked worse than
59.97% of 652 companies
in the Media - Diversified industry
Industry Median: 1.01 vs SHSE:603096: 1.35

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.

Thinkingdom Media Group's adjusted book value per share data for the three months ended in Jun. 2026 was ¥11.744. 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 ¥11.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thinkingdom Media Group  (SHSE:603096) 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.


Thinkingdom Media Group Cyclically Adjusted PB Ratio Related Terms


Thinkingdom Media Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thinkingdom Media Group'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.

Thinkingdom Media Group Cyclically Adjusted PB Ratio Chart

Thinkingdom Media Group 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 0.00 0.00 0.00 1.80 1.52

Thinkingdom Media Group 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 1.73 1.57 1.52 1.51 1.15

SHSE:603096 vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Thinkingdom Media Group'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.


Thinkingdom Media Group Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

* The bar in red indicates where Thinkingdom Media Group's Cyclically Adjusted PB Ratio falls into.


SHSE:603096
70GF Score
Thinkingdom Media Group Ltd SHSE:603096
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thinkingdom Media Group 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.

Thinkingdom Media Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.25/11.66
=1.31

* 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.

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

For example, Thinkingdom Media Group'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)
=11.744/116.0564*116.0564
=11.744

Current CPI (Jun. 2026) = 116.0564.

Thinkingdom Media Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 102.400 0.000
201612 5.540 102.600 6.267
201703 4.440 103.200 4.993
201706 8.676 103.100 9.766
201709 9.057 104.100 10.097
201712 9.435 104.500 10.478
201803 9.810 105.300 10.812
201806 9.674 104.900 10.703
201809 10.396 106.600 11.318
201812 10.744 106.500 11.708
201903 11.084 107.700 11.944
201906 11.007 107.700 11.861
201909 11.568 109.800 12.227
201912 11.754 111.200 12.267
202003 12.119 112.300 12.524
202006 12.052 110.400 12.669
202009 12.323 111.700 12.804
202012 12.566 111.500 13.080
202103 12.212 112.662 12.580
202106 11.851 111.769 12.306
202109 11.906 112.215 12.314
202112 11.825 113.108 12.133
202203 12.102 114.335 12.284
202206 11.817 114.558 11.972
202209 12.138 115.339 12.214
202212 12.137 115.116 12.236
202303 12.411 115.116 12.512
202306 11.947 114.558 12.103
202309 12.184 115.339 12.260
202312 12.303 114.781 12.440
202403 12.283 115.227 12.371
202406 11.557 114.781 11.685
202409 12.382 115.785 12.411
202412 12.419 114.893 12.545
202503 12.576 115.116 12.679
202506 11.923 114.907 12.042
202509 12.057 115.471 12.118
202512 12.096 115.832 12.119
202603 12.214 116.303 12.188
202606 11.744 116.056 11.744

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 1.31 mean?
Thinkingdom Media Group (SHSE:603096) has a Cyclically Adjusted PB Ratio of 1.31 as of Sep. 12, 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 Thinkingdom Media Group and its competitors. This is 20% below median its historical median of 1.64. Over the past decade, Thinkingdom Media Group's Cyclically Adjusted PB Ratio has ranged from 1.12 to 2.01. According to the industry distribution chart, Thinkingdom Media Group ranks #391 out of 652 companies in the Media - Diversified industry, placing it in the top 60%.
Is Thinkingdom Media Group's Cyclically Adjusted PB Ratio too high?
Thinkingdom Media Group's current Cyclically Adjusted PB Ratio of 1.31 is 20% below median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 2.01. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.01. Thinkingdom Media Group's value of 1.31 is 29.7% above this industry median. Based on the distribution chart, Thinkingdom Media Group ranks #391 out of 652 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Thinkingdom Media Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thinkingdom Media Group's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Thinkingdom Media Group ranks #391 out of 652 companies for Cyclically Adjusted PB Ratio. This places Thinkingdom Media Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Thinkingdom Media Group's value of 1.31 is 29.7% above this benchmark. Historically, Thinkingdom Media Group's own Cyclically Adjusted PB Ratio has ranged from 1.12 to 2.01 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.01, Thinkingdom Media Group 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.01, based on 652 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. Thinkingdom Media Group's current Cyclically Adjusted PB Ratio of 1.31 is 29.7% 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 Thinkingdom Media Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinkingdom Media Group's current Cyclically Adjusted PB Ratio is 1.31, which is 20% below median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinkingdom Media Group stock overvalued right now?
Based on GuruFocus' analysis, Thinkingdom Media Group (SHSE:603096) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.45, compared to a current price of ¥15.25 — trading 5.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.31, which is 20% below median its 10-year median of 1.64 and 29.7% above the Media - Diversified industry median of 1.01. Thinkingdom Media Group's overall GF Score™ is 70/100 with 5 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 Thinkingdom Media Group (SHSE:603096), the current Cyclically Adjusted PB Ratio is 1.31 as of Sep. 12, 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 Thinkingdom Media Group (SHSE:603096) Overvalued in 2026?

Based on GuruFocus' analysis, Thinkingdom Media Group stock appears to be overvalued. The current stock price of ¥15.25 is trading 5.5% above its estimated GF Value™ of ¥14.45. GuruFocus considers Thinkingdom Media Group to be Fairly Valued.

Key valuation signals for SHSE:603096:

  • Cyclically Adjusted PB Ratio: 1.31 (20% below median its 10-year median of 1.64)
  • GF Value™: ¥14.45 vs. price of ¥15.25 (5.5% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 29.7% above the Media - Diversified median (#391 of 652)

No single metric tells the full story. See the SHSE:603096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinkingdom Media Group Business Description

Address No.6,Middle of North 3rd Ring Road, 10th Floor, New Office Building, Xicheng District, Beijing, CHN, 100120
Thinkingdom Media Group Ltd is a China based media enterprise. It is engaged in the businesses of book planning and publishing, book distribution, and business of films and televisions. The company also encompasses publishing rights in simplified Chinese of many internationally distinguished writers, including some Nobel Laureates.
70GF Score

Get the complete analysis for SHSE:603096

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

¥15.25
Price
¥14.45
GF Value