Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168) Cyclically Adjusted PB Ratio: 1.25 (As of Sep. 05, 2026) — 35% Below Median

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SHSE:603168 Zhejiang Shapuaisi Pharmaceutical Co Ltd SHSE:603168
43 GF Score
Price ¥5.86
GF Value ¥7.57
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Zhejiang Shapuaisi Pharmaceutical Co Cyclically Adjusted PB Ratio?

Zhejiang Shapuaisi Pharmaceutical Co SHSE:603168 43 Cyclically Adjusted PB Ratio is 1.25 as of Sep. 05, 2026, which is 35% below its 10-year median of 1.92. GuruFocus rates SHSE:603168 with a GF Score™ of 43/100 and a GF Value™ of ¥7.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 639 Drug Manufacturers companies, Zhejiang Shapuaisi Pharmaceutical Co ranks better than 61.66% on this metric.

As of today (2026-09-05), Zhejiang Shapuaisi Pharmaceutical Co's current share price is ¥5.86. Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥4.68. Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is 1.25.

The historical rank and industry rank for Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603168' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.92   Max: 3.12
Current: 1.27

During the past years, Zhejiang Shapuaisi Pharmaceutical Co's highest Cyclically Adjusted PB Ratio was 3.12. The lowest was 1.01. And the median was 1.92.

SHSE:603168's Cyclically Adjusted PB Ratio is ranked better than
61.66% of 639 companies
in the Drug Manufacturers industry
Industry Median: 1.76 vs SHSE:603168: 1.27

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 Shapuaisi Pharmaceutical Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥3.664. 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 ¥4.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Shapuaisi Pharmaceutical Co  (SHSE:603168) 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 Shapuaisi Pharmaceutical Co Cyclically Adjusted PB Ratio Related Terms


Zhejiang Shapuaisi Pharmaceutical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Shapuaisi Pharmaceutical 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 Shapuaisi Pharmaceutical Co Cyclically Adjusted PB Ratio Chart

Zhejiang Shapuaisi Pharmaceutical 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 2.46 2.14 3.08 1.47 1.58

Zhejiang Shapuaisi Pharmaceutical 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 1.61 1.67 1.58 1.50 1.01

SHSE:603168 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Shapuaisi Pharmaceutical 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 Shapuaisi Pharmaceutical Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603168
43GF Score
Zhejiang Shapuaisi Pharmaceutical Co Ltd SHSE:603168
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Shapuaisi Pharmaceutical 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 Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.86/4.68
=1.25

* 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 Shapuaisi Pharmaceutical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zhejiang Shapuaisi Pharmaceutical 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)
=3.664/116.0564*116.0564
=3.664

Current CPI (Jun. 2026) = 116.0564.

Zhejiang Shapuaisi Pharmaceutical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.239 102.400 3.671
201612 4.942 102.600 5.590
201703 5.097 103.200 5.732
201706 4.969 103.100 5.593
201709 5.144 104.100 5.735
201712 5.137 104.500 5.705
201803 5.264 105.300 5.802
201806 5.141 104.900 5.688
201809 5.225 106.600 5.689
201812 4.591 106.500 5.003
201903 4.652 107.700 5.013
201906 4.671 107.700 5.033
201909 4.713 109.800 4.982
201912 4.616 111.200 4.818
202003 4.617 112.300 4.771
202006 4.560 110.400 4.794
202009 4.518 111.700 4.694
202012 4.049 111.500 4.214
202103 4.081 112.662 4.204
202106 4.132 111.769 4.290
202109 4.161 112.215 4.303
202112 4.192 113.108 4.301
202203 4.278 114.335 4.342
202206 4.303 114.558 4.359
202209 3.754 115.339 3.777
202212 4.578 115.116 4.615
202303 4.642 115.116 4.680
202306 4.741 114.558 4.803
202309 4.680 115.339 4.709
202312 4.535 114.781 4.585
202403 4.557 115.227 4.590
202406 4.459 114.781 4.509
202409 4.482 115.785 4.493
202412 4.229 114.893 4.272
202503 4.254 115.116 4.289
202506 4.291 114.907 4.334
202509 4.326 115.471 4.348
202512 3.612 115.832 3.619
202603 3.542 116.303 3.534
202606 3.664 116.056 3.664

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 1.25 mean?
Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168) has a Cyclically Adjusted PB Ratio of 1.25 as of Sep. 05, 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 Shapuaisi Pharmaceutical Co and its competitors. This is 35% below median its historical median of 1.92. Over the past decade, Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.12. According to the industry distribution chart, Zhejiang Shapuaisi Pharmaceutical Co ranks #245 out of 639 companies in the Drug Manufacturers industry, placing it in the top 38.3%.
Is Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio too high?
Zhejiang Shapuaisi Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.25 is 35% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.12. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.76. Zhejiang Shapuaisi Pharmaceutical Co's value of 1.25 is 29% below this industry median. Based on the distribution chart, Zhejiang Shapuaisi Pharmaceutical Co ranks #245 out of 639 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Zhejiang Shapuaisi Pharmaceutical Co has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Shapuaisi Pharmaceutical Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Zhejiang Shapuaisi Pharmaceutical Co ranks #245 out of 639 companies for Cyclically Adjusted PB Ratio. This puts Zhejiang Shapuaisi Pharmaceutical Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.76. Zhejiang Shapuaisi Pharmaceutical Co's value of 1.25 is 29% below this benchmark. Historically, Zhejiang Shapuaisi Pharmaceutical Co's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.12 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.76, Zhejiang Shapuaisi Pharmaceutical 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.76, based on 639 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 Shapuaisi Pharmaceutical Co's current Cyclically Adjusted PB Ratio of 1.25 is 29% 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 Zhejiang Shapuaisi Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Shapuaisi Pharmaceutical Co's current Cyclically Adjusted PB Ratio is 1.25, which is 35% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Shapuaisi Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.57, compared to a current price of ¥5.86 — trading 22.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 35% below median its 10-year median of 1.92 and 29% below the Drug Manufacturers industry median of 1.76. Zhejiang Shapuaisi Pharmaceutical Co's overall GF Score™ is 43/100 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 Zhejiang Shapuaisi Pharmaceutical Co (SHSE:603168), the current Cyclically Adjusted PB Ratio is 1.25 as of Sep. 05, 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 Shapuaisi Pharmaceutical Co (SHSE:603168) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Shapuaisi Pharmaceutical Co stock appears to be undervalued. The current stock price of ¥5.86 is trading 22.6% below its estimated GF Value™ of ¥7.57. GuruFocus considers Zhejiang Shapuaisi Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for SHSE:603168:

  • Cyclically Adjusted PB Ratio: 1.25 (35% below median its 10-year median of 1.92)
  • GF Value™: ¥7.57 vs. price of ¥5.86 (22.6% below fair value)
  • GF Score™: 43/100 with 6 warning signs
  • Industry Position: 29% below the Drug Manufacturers median (#245 of 639)

No single metric tells the full story. See the SHSE:603168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Shapuaisi Pharmaceutical Co Business Description

Address No. 1588 Xinming Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN, 314200
Zhejiang Shapuaisi Pharmaceutical Co Ltd is a China based pharmaceutical company. It is engaged in drug research and development, production and operation. The product portfolio of the company includes oral solutions, eye drops, tablets, hard capsules, suppositories, granules, raw materials dosage forms such as medicines, rinsing agent and mixture, and others. The company operates pharmaceutical manufacturing companies, pharmaceutical sales company, pharmaceutical retail company and pharmaceutical research institute. The products offered by the company are sold in China and are also exported to the other countries.
43GF Score

Get the complete analysis for SHSE:603168

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

¥5.86
Price
¥7.57
GF Value