Jinneng Science & Technology Co (SHSE:603113) Cyclically Adjusted PB Ratio: 0.62 (As of Sep. 03, 2026) — 15% 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:603113 Jinneng Science & Technology Co Ltd SHSE:603113
63 GF Score
Price ¥5.60
GF Value ¥6.43
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Jinneng Science & Technology Co Cyclically Adjusted PB Ratio?

Jinneng Science & Technology Co SHSE:603113 63 Cyclically Adjusted PB Ratio is 0.62 as of Sep. 03, 2026, which is 15% below its 10-year median of 0.73. GuruFocus rates SHSE:603113 with a GF Score™ of 63/100 and a GF Value™ of ¥6.43 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,091 Chemicals companies, Jinneng Science & Technology Co ranks better than 84.97% on this metric.

As of today (2026-09-03), Jinneng Science & Technology Co's current share price is ¥5.60. Jinneng Science & Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥9.03. Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio for today is 0.62.

The historical rank and industry rank for Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603113' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.73   Max: 0.94
Current: 0.61

During the past years, Jinneng Science & Technology Co's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.46. And the median was 0.73.

SHSE:603113's Cyclically Adjusted PB Ratio is ranked better than
84.97% of 1091 companies
in the Chemicals industry
Industry Median: 1.69 vs SHSE:603113: 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.

Jinneng Science & Technology Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥8.884. 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 ¥9.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinneng Science & Technology Co  (SHSE:603113) 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.


Jinneng Science & Technology Co Cyclically Adjusted PB Ratio Related Terms


Jinneng Science & Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jinneng Science & Technology 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.

Jinneng Science & Technology Co Cyclically Adjusted PB Ratio Chart

Jinneng Science & Technology 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 0.00 0.00 0.00 0.68 0.68

Jinneng Science & Technology 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 0.80 0.77 0.68 0.79 0.46

SHSE:603113 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Jinneng Science & Technology 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.


Jinneng Science & Technology Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603113
63GF Score
Jinneng Science & Technology Co Ltd SHSE:603113
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jinneng Science & Technology 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.

Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.60/9.03
=0.62

* 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.

Jinneng Science & Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Jinneng Science & Technology 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)
=8.884/116.0564*116.0564
=8.884

Current CPI (Jun. 2026) = 116.0564.

Jinneng Science & Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 102.400 0.000
201612 3.669 102.600 4.150
201703 3.561 103.200 4.005
201706 5.238 103.100 5.896
201709 5.585 104.100 6.226
201712 5.702 104.500 6.333
201803 6.085 105.300 6.707
201806 6.325 104.900 6.998
201809 6.919 106.600 7.533
201812 7.199 106.500 7.845
201903 7.416 107.700 7.991
201906 7.782 107.700 8.386
201909 8.074 109.800 8.534
201912 8.720 111.200 9.101
202003 9.043 112.300 9.345
202006 9.275 110.400 9.750
202009 9.560 111.700 9.933
202012 9.497 111.500 9.885
202103 10.055 112.662 10.358
202106 10.227 111.769 10.619
202109 10.464 112.215 10.822
202112 10.226 113.108 10.493
202203 10.383 114.335 10.539
202206 10.438 114.558 10.575
202209 10.193 115.339 10.256
202212 10.183 115.116 10.266
202303 10.018 115.116 10.100
202306 10.094 114.558 10.226
202309 10.159 115.339 10.222
202312 10.326 114.781 10.441
202403 10.307 115.227 10.381
202406 10.191 114.781 10.304
202409 10.189 115.785 10.213
202412 10.178 114.893 10.281
202503 10.296 115.116 10.380
202506 10.089 114.907 10.190
202509 9.767 115.471 9.816
202512 9.470 115.832 9.488
202603 8.590 116.303 8.572
202606 8.884 116.056 8.884

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 0.62 mean?
Jinneng Science & Technology Co (SHSE:603113) has a Cyclically Adjusted PB Ratio of 0.62 as of Sep. 03, 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 Jinneng Science & Technology Co and its competitors. This is 15% below median its historical median of 0.73. Over the past decade, Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.94. According to the industry distribution chart, Jinneng Science & Technology Co ranks #164 out of 1091 companies in the Chemicals industry, placing it in the top 15%.
Is Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio too high?
Jinneng Science & Technology Co's current Cyclically Adjusted PB Ratio of 0.62 is 15% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.94. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.69. Jinneng Science & Technology Co's value of 0.62 is 63.3% below this industry median. Based on the distribution chart, Jinneng Science & Technology Co ranks #164 out of 1091 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Jinneng Science & Technology Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jinneng Science & Technology Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Jinneng Science & Technology Co ranks #164 out of 1091 companies for Cyclically Adjusted PB Ratio. This places Jinneng Science & Technology Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.69. Jinneng Science & Technology Co's value of 0.62 is 63.3% below this benchmark. Historically, Jinneng Science & Technology Co's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.94 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.69, Jinneng Science & Technology Co 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.69, based on 1,091 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. Jinneng Science & Technology Co's current Cyclically Adjusted PB Ratio of 0.62 is 63.3% 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 Jinneng Science & Technology Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jinneng Science & Technology Co's current Cyclically Adjusted PB Ratio is 0.62, which is 15% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jinneng Science & Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jinneng Science & Technology Co (SHSE:603113) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.43, compared to a current price of ¥5.60 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.62, which is 15% below median its 10-year median of 0.73 and 63.3% below the Chemicals industry median of 1.69. Jinneng Science & Technology Co's overall GF Score™ is 63/100 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 Jinneng Science & Technology Co (SHSE:603113), the current Cyclically Adjusted PB Ratio is 0.62 as of Sep. 03, 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 Jinneng Science & Technology Co (SHSE:603113) Overvalued in 2026?

Based on GuruFocus' analysis, Jinneng Science & Technology Co stock appears to be undervalued. The current stock price of ¥5.60 is trading 12.9% below its estimated GF Value™ of ¥6.43. GuruFocus considers Jinneng Science & Technology Co to be Modestly Undervalued.

Key valuation signals for SHSE:603113:

  • Cyclically Adjusted PB Ratio: 0.62 (15% below median its 10-year median of 0.73)
  • GF Value™: ¥6.43 vs. price of ¥5.60 (12.9% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 63.3% below the Chemicals median (#164 of 1091)

No single metric tells the full story. See the SHSE:603113 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jinneng Science & Technology Co Business Description

Address No.1 Jinneng Road, Qihe County, Shandong, CHN, 251100
Jinneng Science & Technology Co Ltd is engaged in the production and distribution of chemical products and coal chemical products. It produces Coke, Carbon Black, Silica Dioxide, Technical Naphthalene, Pitch, Para Cresol, Sorbic Acid, & Potassium Sorbate. Geographically, business activities of the group are carried out through China.
63GF Score

Get the complete analysis for SHSE:603113

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

¥5.60
Price
¥6.43
GF Value