Shenzhen Goodix Technology Co (SHSE:603160) Cyclically Adjusted PB Ratio: 3.35 (As of Sep. 12, 2026) — 39% 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:603160 Shenzhen Goodix Technology Co Ltd SHSE:603160
70 GF Score
Price ¥50.62
GF Value ¥75.88
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shenzhen Goodix Technology Co Cyclically Adjusted PB Ratio?

Shenzhen Goodix Technology Co SHSE:603160 -0.75% 70 Cyclically Adjusted PB Ratio is 3.35 as of Sep. 12, 2026, which is 39% below its 10-year median of 5.52. GuruFocus rates SHSE:603160 with a GF Score™ of 70/100 and a GF Value™ of ¥75.88 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,466 Software companies, Shenzhen Goodix Technology Co ranks worse than 62.89% on this metric.

As of today (2026-09-12), Shenzhen Goodix Technology Co's current share price is ¥50.62. Shenzhen Goodix Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥15.13. Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio for today is 3.35.

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

SHSE:603160' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.23   Med: 5.52   Max: 7.39
Current: 3.44

During the past years, Shenzhen Goodix Technology Co's highest Cyclically Adjusted PB Ratio was 7.39. The lowest was 3.23. And the median was 5.52.

SHSE:603160's Cyclically Adjusted PB Ratio is ranked worse than
62.89% of 1466 companies
in the Software industry
Industry Median: 2.37 vs SHSE:603160: 3.44

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.

Shenzhen Goodix Technology Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥19.970. 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 ¥15.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenzhen Goodix Technology Co  (SHSE:603160) 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.


Shenzhen Goodix Technology Co Cyclically Adjusted PB Ratio Related Terms


Shenzhen Goodix Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shenzhen Goodix 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.

Shenzhen Goodix Technology Co Cyclically Adjusted PB Ratio Chart

Shenzhen Goodix 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 6.27 5.54

Shenzhen Goodix 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 5.23 5.98 5.54 4.47 4.08

SHSE:603160 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Shenzhen Goodix 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.


Shenzhen Goodix Technology Co Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603160
70GF Score
Shenzhen Goodix Technology Co Ltd SHSE:603160
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenzhen Goodix 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.

Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.62/15.13
=3.35

* 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.

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

For example, Shenzhen Goodix 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)
=19.97/116.0564*116.0564
=19.970

Current CPI (Jun. 2026) = 116.0564.

Shenzhen Goodix Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.763 102.400 4.265
201612 6.145 102.600 6.951
201703 6.540 103.200 7.355
201706 6.842 103.100 7.702
201709 7.361 104.100 8.206
201712 7.674 104.500 8.523
201803 7.702 105.300 8.489
201806 7.356 104.900 8.138
201809 8.063 106.600 8.778
201812 9.117 106.500 9.935
201903 10.068 107.700 10.849
201906 10.925 107.700 11.773
201909 12.552 109.800 13.267
201912 14.130 111.200 14.747
202003 14.695 112.300 15.187
202006 14.996 110.400 15.764
202009 16.262 111.700 16.896
202012 17.559 111.500 18.277
202103 18.010 112.662 18.553
202106 17.317 111.769 17.981
202109 18.217 112.215 18.841
202112 18.959 113.108 19.453
202203 17.800 114.335 18.068
202206 18.443 114.558 18.684
202209 18.500 115.339 18.615
202212 16.980 115.116 17.119
202303 16.736 115.116 16.873
202306 16.703 114.558 16.922
202309 17.243 115.339 17.350
202312 17.566 114.781 17.761
202403 18.010 115.227 18.140
202406 18.242 114.781 18.445
202409 18.397 115.785 18.440
202412 18.883 114.893 19.074
202503 19.422 115.116 19.581
202506 19.520 114.907 19.715
202509 20.079 115.471 20.181
202512 20.145 115.832 20.184
202603 20.133 116.303 20.090
202606 19.970 116.056 19.970

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 3.35 mean?
Shenzhen Goodix Technology Co (SHSE:603160) has a Cyclically Adjusted PB Ratio of 3.35 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 Shenzhen Goodix Technology Co and its competitors. This is 39% below median its historical median of 5.52. Over the past decade, Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio has ranged from 3.23 to 7.39. According to the industry distribution chart, Shenzhen Goodix Technology Co ranks #922 out of 1466 companies in the Software industry, placing it in the top 62.9%.
Is Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio too high?
Shenzhen Goodix Technology Co's current Cyclically Adjusted PB Ratio of 3.35 is 39% below median its 10-year median of 5.52. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 7.39. The Software industry median Cyclically Adjusted PB Ratio is 2.37. Shenzhen Goodix Technology Co's value of 3.35 is 41.4% above this industry median. Based on the distribution chart, Shenzhen Goodix Technology Co ranks #922 out of 1466 companies in the Software industry, which is below the industry midpoint. Overall, Shenzhen Goodix Technology Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Goodix Technology Co's Cyclically Adjusted PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Shenzhen Goodix Technology Co ranks #922 out of 1466 companies for Cyclically Adjusted PB Ratio. This places Shenzhen Goodix Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.37. Shenzhen Goodix Technology Co's value of 3.35 is 41.4% above this benchmark. Historically, Shenzhen Goodix Technology Co's own Cyclically Adjusted PB Ratio has ranged from 3.23 to 7.39 over the past decade. While the company's 10-year median is 5.52 vs. the industry median of 2.37, Shenzhen Goodix Technology 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.37, based on 1,466 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. Shenzhen Goodix Technology Co's current Cyclically Adjusted PB Ratio of 3.35 is 41.4% 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 Shenzhen Goodix Technology Co and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Goodix Technology Co's current Cyclically Adjusted PB Ratio is 3.35, which is 39% below median its own 10-year median of 5.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Goodix Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Goodix Technology Co (SHSE:603160) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥75.88, compared to a current price of ¥50.62 — trading 33.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.35, which is 39% below median its 10-year median of 5.52 and 41.4% above the Software industry median of 2.37. Shenzhen Goodix Technology Co's overall GF Score™ is 70/100 with 3 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 Shenzhen Goodix Technology Co (SHSE:603160), the current Cyclically Adjusted PB Ratio is 3.35 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 Shenzhen Goodix Technology Co (SHSE:603160) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Goodix Technology Co stock appears to be undervalued. The current stock price of ¥50.62 is trading 33.3% below its estimated GF Value™ of ¥75.88. GuruFocus considers Shenzhen Goodix Technology Co to be Significantly Undervalued.

Key valuation signals for SHSE:603160:

  • Cyclically Adjusted PB Ratio: 3.35 (39% below median its 10-year median of 5.52)
  • GF Value™: ¥75.88 vs. price of ¥50.62 (33.3% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 41.4% above the Software median (#922 of 1466)

No single metric tells the full story. See the SHSE:603160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenzhen Goodix Technology Co Business Description

Address No. 1, Meikang Road, 26th Floor, Goodix Technology Headquarters Building, Futian District, Shenzhen, CHN, 518000
Shenzhen Goodix Technology Co Ltd is a China-based company mainly engaged in the research and development of chips. The company develops capacitive touch controllers and fingerprint recognition chips, serving applications in smart devices, IoT, and automotive electronics. It is also engaged in software development. The company's products and solutions are used by various mobile brands Huawei, OPPO, Vivo, Xiaomi, Amazon, Samsung, Dell, Nokia, LG, ASUS, and others.
70GF Score

Get the complete analysis for SHSE:603160

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

¥50.62
Price
¥75.88
GF Value