Anjoy Foods Group Co (SHSE:603345) Cyclically Adjusted PB Ratio: 2.89 (As of Sep. 02, 2026) — 20% Below Median

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SHSE:603345 Anjoy Foods Group Co Ltd SHSE:603345
95 GF Score
Price ¥76.12
GF Value ¥89.20
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Anjoy Foods Group Co Cyclically Adjusted PB Ratio?

Anjoy Foods Group Co SHSE:603345 +0.42% 95 Cyclically Adjusted PB Ratio is 2.89 as of Sep. 02, 2026, which is 20% below its 10-year median of 3.62. GuruFocus rates SHSE:603345 with a GF Score™ of 95/100 and a GF Value™ of ¥89.20 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,266 Consumer Packaged Goods companies, Anjoy Foods Group Co ranks worse than 78.28% on this metric.

As of today (2026-09-02), Anjoy Foods Group Co's current share price is ¥76.12. Anjoy Foods Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥26.34. Anjoy Foods Group Co's Cyclically Adjusted PB Ratio for today is 2.89.

The historical rank and industry rank for Anjoy Foods Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603345' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.88   Med: 3.62   Max: 5.01
Current: 2.88

During the past years, Anjoy Foods Group Co's highest Cyclically Adjusted PB Ratio was 5.01. The lowest was 2.88. And the median was 3.62.

SHSE:603345's Cyclically Adjusted PB Ratio is ranked worse than
78.28% of 1266 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs SHSE:603345: 2.88

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.

Anjoy Foods Group Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥47.511. 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 ¥26.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anjoy Foods Group Co  (SHSE:603345) 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.


Anjoy Foods Group Co Cyclically Adjusted PB Ratio Related Terms


Anjoy Foods Group Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Anjoy Foods Group 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.

Anjoy Foods Group Co Cyclically Adjusted PB Ratio Chart

Anjoy Foods Group 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 3.93 3.21

Anjoy Foods Group 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 3.51 2.99 3.21 3.68 3.04

SHSE:603345 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Anjoy Foods Group 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.


Anjoy Foods Group Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anjoy Foods Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Anjoy Foods Group Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603345
95GF Score
Anjoy Foods Group Co Ltd SHSE:603345
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anjoy Foods Group 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.

Anjoy Foods Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.12/26.34
=2.89

* 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.

Anjoy Foods Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Anjoy Foods Group 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)
=47.511/116.0564*116.0564
=47.511

Current CPI (Jun. 2026) = 116.0564.

Anjoy Foods Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.891 102.400 6.677
201612 6.200 102.600 7.013
201703 7.357 103.200 8.274
201706 7.381 103.100 8.309
201709 7.546 104.100 8.413
201712 7.839 104.500 8.706
201803 8.090 105.300 8.916
201806 8.216 104.900 9.090
201809 9.138 106.600 9.949
201812 9.619 106.500 10.482
201903 9.892 107.700 10.660
201906 10.931 107.700 11.779
201909 11.249 109.800 11.890
201912 12.414 111.200 12.956
202003 12.569 112.300 12.989
202006 12.951 110.400 13.615
202009 14.262 111.700 14.818
202012 15.564 111.500 16.200
202103 19.179 112.662 19.757
202106 19.286 111.769 20.026
202109 19.937 112.215 20.619
202112 20.757 113.108 21.298
202203 37.358 114.335 37.921
202206 37.537 114.558 38.028
202209 38.389 115.339 38.628
202212 39.821 115.116 40.146
202303 41.216 115.116 41.553
202306 41.370 114.558 41.911
202309 41.929 115.339 42.190
202312 43.056 114.781 43.534
202403 44.461 115.227 44.781
202406 44.016 114.781 44.505
202409 43.557 115.785 43.659
202412 44.162 114.893 44.609
202503 45.551 115.116 45.923
202506 45.478 114.907 45.933
202509 45.381 115.471 45.611
202512 46.484 115.832 46.574
202603 48.170 116.303 48.068
202606 47.511 116.056 47.511

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 2.89 mean?
Anjoy Foods Group Co (SHSE:603345) has a Cyclically Adjusted PB Ratio of 2.89 as of Sep. 02, 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 Anjoy Foods Group Co and its competitors. This is 20% below median its historical median of 3.62. Over the past decade, Anjoy Foods Group Co's Cyclically Adjusted PB Ratio has ranged from 2.88 to 5.01. According to the industry distribution chart, Anjoy Foods Group Co ranks #991 out of 1266 companies in the Consumer Packaged Goods industry, placing it in the top 78.3%.
Is Anjoy Foods Group Co's Cyclically Adjusted PB Ratio too high?
Anjoy Foods Group Co's current Cyclically Adjusted PB Ratio of 2.89 is 20% below median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 5.01. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Anjoy Foods Group Co's value of 2.89 is 127.6% above this industry median. Based on the distribution chart, Anjoy Foods Group Co ranks #991 out of 1266 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Anjoy Foods Group Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anjoy Foods Group Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Anjoy Foods Group Co ranks #991 out of 1266 companies for Cyclically Adjusted PB Ratio. This places Anjoy Foods Group Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Anjoy Foods Group Co's value of 2.89 is 127.6% above this benchmark. Historically, Anjoy Foods Group Co's own Cyclically Adjusted PB Ratio has ranged from 2.88 to 5.01 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 1.27, Anjoy Foods Group 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,266 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. Anjoy Foods Group Co's current Cyclically Adjusted PB Ratio of 2.89 is 127.6% 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 Anjoy Foods Group Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anjoy Foods Group Co's current Cyclically Adjusted PB Ratio is 2.89, which is 20% below median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anjoy Foods Group Co stock overvalued right now?
Based on GuruFocus' analysis, Anjoy Foods Group Co (SHSE:603345) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥89.20, compared to a current price of ¥76.12 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is 20% below median its 10-year median of 3.62 and 127.6% above the Consumer Packaged Goods industry median of 1.27. Anjoy Foods Group Co's overall GF Score™ is 95/100 with 4 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 Anjoy Foods Group Co (SHSE:603345), the current Cyclically Adjusted PB Ratio is 2.89 as of Sep. 02, 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 Anjoy Foods Group Co (SHSE:603345) Overvalued in 2026?

Based on GuruFocus' analysis, Anjoy Foods Group Co stock appears to be undervalued. The current stock price of ¥76.12 is trading 14.7% below its estimated GF Value™ of ¥89.20. GuruFocus considers Anjoy Foods Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603345:

  • Cyclically Adjusted PB Ratio: 2.89 (20% below median its 10-year median of 3.62)
  • GF Value™: ¥89.20 vs. price of ¥76.12 (14.7% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 127.6% above the Consumer Packaged Goods median (#991 of 1266)

No single metric tells the full story. See the SHSE:603345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anjoy Foods Group Co Business Description

Other Exchanges 02648:Hong Kong
Address Xinyang Road, No. 2508, Haicang District, Fujian Province, Xiamen, CHN, 361022
Anjoy Foods Group Co Ltd is a frozen food production company. It is engaged in the R&D, production, and sales of quick-frozen food products, such as quick-frozen flavored and processed products (quick-frozen surimi products and quick-frozen meat products), quick-frozen prepared dishes, and quick-frozen flour and rice products. The company operates across both domestic and international markets.
95GF Score

Get the complete analysis for SHSE:603345

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

¥76.12
Price
¥89.20
GF Value