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HMT (Xiamen) New Technical Materials CoSHSE:603306 -3.22%68 Cyclically Adjusted PB Ratio is 8.53 as of Sep. 11, 2026, which is 78% above its 10-year median of 4.78. GuruFocus rates SHSE:603306 with a GF Score™ of 68/100 and a GF Value™ of ¥42.42 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, HMT (Xiamen) New Technical Materials Co ranks worse than 97.8% on this metric.
SHSE:603306'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.19 Med: 4.78 Max: 12.79
Current: 8.53
During the past years, HMT (Xiamen) New Technical Materials Co's highest Cyclically Adjusted PB Ratio was 12.79. The lowest was 2.19. And the median was 4.78.
SHSE:603306's Cyclically Adjusted PB Ratio is ranked worse than 97.8% of 635
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95
vs SHSE:603306: 8.53
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.
HMT (Xiamen) New Technical Materials Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥11.586. 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 ¥8.87 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
HMT (Xiamen) New Technical Materials Co (SHSE:603306) 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.
HMT (Xiamen) New Technical Materials Co Cyclically Adjusted PB Ratio Related Terms
HMT (Xiamen) New Technical Materials 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.
HMT (Xiamen) New Technical Materials Co Cyclically Adjusted PB Ratio Chart
HMT (Xiamen) New Technical Materials Co Annual Data
HMT (Xiamen) New Technical Materials Co Cyclically Adjusted PB Ratio Competitor Comparison
For the Textile Manufacturing subindustry, HMT (Xiamen) New Technical Materials 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.
HMT (Xiamen) New Technical Materials Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HMT (Xiamen) New Technical Materials Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where HMT (Xiamen) New Technical Materials Co's Cyclically Adjusted PB Ratio falls into.
HMT (Xiamen) New Technical Materials 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 8.53 mean?
HMT (Xiamen) New Technical Materials Co (SHSE:603306) has a Cyclically Adjusted PB Ratio of 8.53 as of Sep. 11, 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 HMT (Xiamen) New Technical Materials Co and its competitors. This is 78% above median its historical median of 4.78. Over the past decade, HMT (Xiamen) New Technical Materials Co's Cyclically Adjusted PB Ratio has ranged from 2.19 to 12.79. According to the industry distribution chart, HMT (Xiamen) New Technical Materials Co ranks #621 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.8%.
Is HMT (Xiamen) New Technical Materials Co's Cyclically Adjusted PB Ratio too high?
HMT (Xiamen) New Technical Materials Co's current Cyclically Adjusted PB Ratio of 8.53 is 78% above median its 10-year median of 4.78. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 12.79. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. HMT (Xiamen) New Technical Materials Co's value of 8.53 is 797.9% above this industry median. Based on the distribution chart, HMT (Xiamen) New Technical Materials Co ranks #621 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, HMT (Xiamen) New Technical Materials Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HMT (Xiamen) New Technical Materials Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, HMT (Xiamen) New Technical Materials Co ranks #621 out of 635 companies for Cyclically Adjusted PB Ratio. This places HMT (Xiamen) New Technical Materials Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. HMT (Xiamen) New Technical Materials Co's value of 8.53 is 797.9% above this benchmark. Historically, HMT (Xiamen) New Technical Materials Co's own Cyclically Adjusted PB Ratio has ranged from 2.19 to 12.79 over the past decade. While the company's 10-year median is 4.78 vs. the industry median of 0.95, HMT (Xiamen) New Technical Materials 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 635 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. HMT (Xiamen) New Technical Materials Co's current Cyclically Adjusted PB Ratio of 8.53 is 797.9% 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 HMT (Xiamen) New Technical Materials Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HMT (Xiamen) New Technical Materials Co's current Cyclically Adjusted PB Ratio is 8.53, which is 78% above median its own 10-year median of 4.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HMT (Xiamen) New Technical Materials Co stock overvalued right now?
Based on GuruFocus' analysis, HMT (Xiamen) New Technical Materials Co (SHSE:603306) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥42.42, compared to a current price of ¥75.66 — trading 78.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.53, which is 78% above median its 10-year median of 4.78 and 797.9% above the Manufacturing - Apparel & Accessories industry median of 0.95. HMT (Xiamen) New Technical Materials Co's overall GF Score™ is 68/100 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 HMT (Xiamen) New Technical Materials Co (SHSE:603306), the current Cyclically Adjusted PB Ratio is 8.53 as of Sep. 11, 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 HMT (Xiamen) New Technical Materials Co (SHSE:603306) Overvalued in 2026?
Based on GuruFocus' analysis, HMT (Xiamen) New Technical Materials Co stock appears to be overvalued.
The current stock price of ¥75.66 is trading 78.4% above its estimated GF Value™ of ¥42.42.
GuruFocus considers HMT (Xiamen) New Technical Materials Co to be Significantly Overvalued.
Key valuation signals for SHSE:603306:
Cyclically Adjusted PB Ratio: 8.53 (78% above median its 10-year median of 4.78)
GF Value™: ¥42.42 vs. price of ¥75.66 (78.4% above fair value)
Industry Position: 797.9% above the Manufacturing - Apparel & Accessories median (#621 of 635)
No single metric tells the full story. See the SHSE:603306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HMT (Xiamen) New Technical Materials Co Ltd is an enterprise integrating research and development, production and sales of fabrics. Its business covers automotive airbag cloth, automobile airbag bag/OPW, safety belt, mesh cloth, bulletproof cloth, and other industrial fabrics.
68GF Score
Get the complete analysis for SHSE:603306
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