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Joinn Laboratories (China) CoSHSE:603127 -2.82%70 Cyclically Adjusted PB Ratio is 6.21 as of Sep. 13, 2026, which is 4% above its 10-year median of 5.96. GuruFocus rates SHSE:603127 with a GF Score™ of 70/100 and a GF Value™ of ¥16.94 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 127 Medical Diagnostics & Research companies, Joinn Laboratories (China) Co ranks worse than 88.19% on this metric.
The historical rank and industry rank for Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:603127'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.1 Med: 5.96 Max: 7.7
Current: 6.21
During the past years, Joinn Laboratories (China) Co's highest Cyclically Adjusted PB Ratio was 7.70. The lowest was 4.10. And the median was 5.96.
SHSE:603127's Cyclically Adjusted PB Ratio is ranked worse than 88.19% of 127
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.72
vs SHSE:603127: 6.21
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.
Joinn Laboratories (China) Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥11.977. 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 ¥6.66 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Joinn Laboratories (China) Co (SHSE:603127) 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.
Joinn Laboratories (China) Co Cyclically Adjusted PB Ratio Related Terms
Joinn Laboratories (China) Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Joinn Laboratories (China) Co Cyclically Adjusted PB Ratio Chart
SHSE:603127 vs TMO, DHR, NTRA: Cyclically Adjusted PB Ratio Comparison
For the Diagnostics & Research subindustry, Joinn Laboratories (China) 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.
Joinn Laboratories (China) Co Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio falls into.
Joinn Laboratories (China) 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.
* 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.
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 6.21 mean?
Joinn Laboratories (China) Co (SHSE:603127) has a Cyclically Adjusted PB Ratio of 6.21 as of Sep. 13, 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 Joinn Laboratories (China) Co and its competitors. This is near median its historical median of 5.96. Over the past decade, Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio has ranged from 4.10 to 7.70. According to the industry distribution chart, Joinn Laboratories (China) Co ranks #112 out of 127 companies in the Medical Diagnostics & Research industry, placing it in the top 88.2%.
Is Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio too high?
Joinn Laboratories (China) Co's current Cyclically Adjusted PB Ratio of 6.21 is near median its 10-year median of 5.96. Over the past 10 years, this metric has ranged from a low of 4.10 to a high of 7.70. The Medical Diagnostics & Research industry median Cyclically Adjusted PB Ratio is 1.72. Joinn Laboratories (China) Co's value of 6.21 is 261% above this industry median. Based on the distribution chart, Joinn Laboratories (China) Co ranks #112 out of 127 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers. Overall, Joinn Laboratories (China) Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Joinn Laboratories (China) Co's Cyclically Adjusted PB Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Joinn Laboratories (China) Co ranks #112 out of 127 companies for Cyclically Adjusted PB Ratio. This places Joinn Laboratories (China) Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.72. Joinn Laboratories (China) Co's value of 6.21 is 261% above this benchmark. Historically, Joinn Laboratories (China) Co's own Cyclically Adjusted PB Ratio has ranged from 4.10 to 7.70 over the past decade. While the company's 10-year median is 5.96 vs. the industry median of 1.72, Joinn Laboratories (China) Co 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PB Ratio among Medical Diagnostics & Research companies is 1.72, based on 127 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. Joinn Laboratories (China) Co's current Cyclically Adjusted PB Ratio of 6.21 is 261% 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 Joinn Laboratories (China) Co and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joinn Laboratories (China) Co's current Cyclically Adjusted PB Ratio is 6.21, which is near median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joinn Laboratories (China) Co stock overvalued right now?
Based on GuruFocus' analysis, Joinn Laboratories (China) Co (SHSE:603127) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥16.94, compared to a current price of ¥41.37 — trading 144.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.21, which is near median its 10-year median of 5.96 and 261% above the Medical Diagnostics & Research industry median of 1.72. Joinn Laboratories (China) Co's overall GF Score™ is 70/100 with 6 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 Joinn Laboratories (China) Co (SHSE:603127), the current Cyclically Adjusted PB Ratio is 6.21 as of Sep. 13, 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 Joinn Laboratories (China) Co (SHSE:603127) Overvalued in 2026?
Based on GuruFocus' analysis, Joinn Laboratories (China) Co stock appears to be overvalued.
The current stock price of ¥41.37 is trading 144.2% above its estimated GF Value™ of ¥16.94.
GuruFocus considers Joinn Laboratories (China) Co to be Significantly Overvalued.
Key valuation signals for SHSE:603127:
Cyclically Adjusted PB Ratio: 6.21 (near median its 10-year median of 5.96)
GF Value™: ¥16.94 vs. price of ¥41.37 (144.2% above fair value)
Industry Position: 261% above the Medical Diagnostics & Research median (#112 of 127)
No single metric tells the full story. See the SHSE:603127 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Joinn Laboratories (China) Co Ltd is a PRC-based company, along with its subsidiary, it is engaged in contract research organisation (CRO) services. It operates in three segments: Non-clinical studies services offer drug safety assessment, drug metabolism and pharmacokinetics (DMPK) studies, and pharmacology and efficacy studies; Clinical trial & related services provide clinical CRO services, co-managed phase I clinical research units, and bioanalytical servicesl services; and Sales of research models engages in the design, production, breeding and sales of research models, non-human primates and rodents. The majority of revenue comes from the Non-Clinical studies services. Its geographical areas are China, the United States, and Other countries, of which the majority are from China.
70GF Score
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