Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) Cyclically Adjusted PB Ratio: 2.08 (As of Sep. 09, 2026) — Near 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:603165 Zhejiang Rongsheng Environmental Protection Paper Co Ltd SHSE:603165
75 GF Score
Price ¥13.63
GF Value ¥13.03
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Zhejiang Rongsheng Environmental Protection Paper Co Cyclically Adjusted PB Ratio?

Zhejiang Rongsheng Environmental Protection Paper Co SHSE:603165 -2.22% 75 Cyclically Adjusted PB Ratio is 2.08 as of Sep. 09, 2026, which is 3% below its 10-year median of 2.14. GuruFocus rates SHSE:603165 with a GF Score™ of 75/100 and a GF Value™ of ¥13.03 (Fairly Valued). The stock has 8 warning signs investors should review. Among 269 Packaging & Containers companies, Zhejiang Rongsheng Environmental Protection Paper Co ranks worse than 74.72% on this metric.

As of today (2026-09-09), Zhejiang Rongsheng Environmental Protection Paper Co's current share price is ¥13.63. Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥6.55. Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio for today is 2.08.

The historical rank and industry rank for Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603165' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 2.14   Max: 2.9
Current: 2.26

During the past years, Zhejiang Rongsheng Environmental Protection Paper Co's highest Cyclically Adjusted PB Ratio was 2.90. The lowest was 1.84. And the median was 2.14.

SHSE:603165's Cyclically Adjusted PB Ratio is ranked worse than
74.72% of 269 companies
in the Packaging & Containers industry
Industry Median: 1.14 vs SHSE:603165: 2.26

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.

Zhejiang Rongsheng Environmental Protection Paper Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥7.868. 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 ¥6.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Rongsheng Environmental Protection Paper Co  (SHSE:603165) 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.


Zhejiang Rongsheng Environmental Protection Paper Co Cyclically Adjusted PB Ratio Related Terms


Zhejiang Rongsheng Environmental Protection Paper Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Rongsheng Environmental Protection Paper 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.

Zhejiang Rongsheng Environmental Protection Paper Co Cyclically Adjusted PB Ratio Chart

Zhejiang Rongsheng Environmental Protection Paper 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 2.18 2.00

Zhejiang Rongsheng Environmental Protection Paper 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 1.89 2.21 2.00 2.41 1.99

SHSE:603165 vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Zhejiang Rongsheng Environmental Protection Paper 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.


Zhejiang Rongsheng Environmental Protection Paper Co Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603165
75GF Score
Zhejiang Rongsheng Environmental Protection Paper Co Ltd SHSE:603165
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Rongsheng Environmental Protection Paper 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.

Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.63/6.55
=2.08

* 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.

Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zhejiang Rongsheng Environmental Protection Paper 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)
=7.868/116.0564*116.0564
=7.868

Current CPI (Jun. 2026) = 116.0564.

Zhejiang Rongsheng Environmental Protection Paper Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.884 102.400 2.135
201612 2.465 102.600 2.788
201703 3.188 103.200 3.585
201706 3.430 103.100 3.861
201709 3.815 104.100 4.253
201712 4.264 104.500 4.736
201803 4.457 105.300 4.912
201806 4.420 104.900 4.890
201809 4.698 106.600 5.115
201812 4.969 106.500 5.415
201903 5.249 107.700 5.656
201906 5.133 107.700 5.531
201909 5.750 109.800 6.078
201912 5.892 111.200 6.149
202003 6.103 112.300 6.307
202006 6.042 110.400 6.352
202009 6.301 111.700 6.547
202012 6.578 111.500 6.847
202103 6.877 112.662 7.084
202106 6.547 111.769 6.798
202109 6.701 112.215 6.930
202112 7.106 113.108 7.291
202203 7.422 114.335 7.534
202206 7.301 114.558 7.397
202209 7.033 115.339 7.077
202212 7.148 115.116 7.206
202303 7.433 115.116 7.494
202306 7.264 114.558 7.359
202309 7.774 115.339 7.822
202312 8.018 114.781 8.107
202403 8.352 115.227 8.412
202406 7.975 114.781 8.064
202409 8.199 115.785 8.218
202412 8.542 114.893 8.629
202503 8.771 115.116 8.843
202506 8.178 114.907 8.260
202509 7.783 115.471 7.822
202512 8.171 115.832 8.187
202603 8.390 116.303 8.372
202606 7.868 116.056 7.868

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 2.08 mean?
Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) has a Cyclically Adjusted PB Ratio of 2.08 as of Sep. 09, 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 Zhejiang Rongsheng Environmental Protection Paper Co and its competitors. This is near median its historical median of 2.14. Over the past decade, Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio has ranged from 1.84 to 2.90. According to the industry distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #201 out of 269 companies in the Packaging & Containers industry, placing it in the top 74.7%.
Is Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio too high?
Zhejiang Rongsheng Environmental Protection Paper Co's current Cyclically Adjusted PB Ratio of 2.08 is near median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 2.90. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.14. Zhejiang Rongsheng Environmental Protection Paper Co's value of 2.08 is 82.5% above this industry median. Based on the distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #201 out of 269 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Zhejiang Rongsheng Environmental Protection Paper Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongsheng Environmental Protection Paper Co's Cyclically Adjusted PB Ratio compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Zhejiang Rongsheng Environmental Protection Paper Co ranks #201 out of 269 companies for Cyclically Adjusted PB Ratio. This places Zhejiang Rongsheng Environmental Protection Paper Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Zhejiang Rongsheng Environmental Protection Paper Co's value of 2.08 is 82.5% above this benchmark. Historically, Zhejiang Rongsheng Environmental Protection Paper Co's own Cyclically Adjusted PB Ratio has ranged from 1.84 to 2.90 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.14, Zhejiang Rongsheng Environmental Protection Paper 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.14, based on 269 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. Zhejiang Rongsheng Environmental Protection Paper Co's current Cyclically Adjusted PB Ratio of 2.08 is 82.5% 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 Zhejiang Rongsheng Environmental Protection Paper Co and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongsheng Environmental Protection Paper Co's current Cyclically Adjusted PB Ratio is 2.08, which is near median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongsheng Environmental Protection Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.03, compared to a current price of ¥13.63 — trading 4.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.08, which is near median its 10-year median of 2.14 and 82.5% above the Packaging & Containers industry median of 1.14. Zhejiang Rongsheng Environmental Protection Paper Co's overall GF Score™ is 75/100 with 8 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 Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165), the current Cyclically Adjusted PB Ratio is 2.08 as of Sep. 09, 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 Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Rongsheng Environmental Protection Paper Co stock appears to be overvalued. The current stock price of ¥13.63 is trading 4.6% above its estimated GF Value™ of ¥13.03. GuruFocus considers Zhejiang Rongsheng Environmental Protection Paper Co to be Fairly Valued.

Key valuation signals for SHSE:603165:

  • Cyclically Adjusted PB Ratio: 2.08 (near median its 10-year median of 2.14)
  • GF Value™: ¥13.03 vs. price of ¥13.63 (4.6% above fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 82.5% above the Packaging & Containers median (#201 of 269)

No single metric tells the full story. See the SHSE:603165 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Rongsheng Environmental Protection Paper Co Business Description

Address No. 588, Zhennan East Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN, 314213
Zhejiang Rongsheng Environmental Protection Paper Co Ltd is engaged in manufacturing of paper and paper products. Its products include kraft liner board, corrugated cardboard and packaging product.
75GF Score

Get the complete analysis for SHSE:603165

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

¥13.63
Price
¥13.03
GF Value