Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Cyclically Adjusted PB Ratio: 3.56 (As of Sep. 09, 2026) — 21% Below Median

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SHSE:603500 Zhejiang Tiantai Xianghe Industrial Co Ltd SHSE:603500
88 GF Score
Price ¥9.50
GF Value ¥10.98
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Zhejiang Tiantai Xianghe Industrial Co Cyclically Adjusted PB Ratio?

Zhejiang Tiantai Xianghe Industrial Co SHSE:603500 -0.73% 88 Cyclically Adjusted PB Ratio is 3.56 as of Sep. 09, 2026, which is 21% below its 10-year median of 4.53. GuruFocus rates SHSE:603500 with a GF Score™ of 88/100 and a GF Value™ of ¥10.98 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 700 Transportation companies, Zhejiang Tiantai Xianghe Industrial Co ranks worse than 85.86% on this metric.

As of today (2026-09-09), Zhejiang Tiantai Xianghe Industrial Co's current share price is ¥9.50. Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥2.67. Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio for today is 3.56.

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

SHSE:603500' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.03   Med: 4.53   Max: 5.45
Current: 3.55

During the past years, Zhejiang Tiantai Xianghe Industrial Co's highest Cyclically Adjusted PB Ratio was 5.45. The lowest was 3.03. And the median was 4.53.

SHSE:603500's Cyclically Adjusted PB Ratio is ranked worse than
85.86% of 700 companies
in the Transportation industry
Industry Median: 1.28 vs SHSE:603500: 3.55

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 Tiantai Xianghe Industrial Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥3.201. 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 ¥2.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Tiantai Xianghe Industrial Co  (SHSE:603500) 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 Tiantai Xianghe Industrial Co Cyclically Adjusted PB Ratio Related Terms


Zhejiang Tiantai Xianghe Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Tiantai Xianghe Industrial 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 Tiantai Xianghe Industrial Co Cyclically Adjusted PB Ratio Chart

Zhejiang Tiantai Xianghe Industrial 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 0.00 4.67

Zhejiang Tiantai Xianghe Industrial 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 0.00 4.46 4.67 4.25 4.35

SHSE:603500 vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Zhejiang Tiantai Xianghe Industrial 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 Tiantai Xianghe Industrial Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603500
88GF Score
Zhejiang Tiantai Xianghe Industrial Co Ltd SHSE:603500
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Tiantai Xianghe Industrial 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 Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.50/2.67
=3.56

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

For example, Zhejiang Tiantai Xianghe Industrial 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)
=3.201/116.0564*116.0564
=3.201

Current CPI (Jun. 2026) = 116.0564.

Zhejiang Tiantai Xianghe Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 102.400 0.000
201612 1.393 102.600 1.576
201703 0.000 103.200 0.000
201706 1.437 103.100 1.618
201709 2.210 104.100 2.464
201712 2.272 104.500 2.523
201803 2.304 105.300 2.539
201806 2.286 104.900 2.529
201809 2.334 106.600 2.541
201812 2.437 106.500 2.656
201903 2.501 107.700 2.695
201906 2.486 107.700 2.679
201909 2.523 109.800 2.667
201912 2.591 111.200 2.704
202003 2.601 112.300 2.688
202006 2.484 110.400 2.611
202009 2.448 111.700 2.543
202012 2.457 111.500 2.557
202103 2.521 112.662 2.597
202106 2.456 111.769 2.550
202109 2.504 112.215 2.590
202112 2.548 113.108 2.614
202203 2.581 114.335 2.620
202206 2.550 114.558 2.583
202209 2.601 115.339 2.617
202212 2.651 115.116 2.673
202303 2.697 115.116 2.719
202306 2.670 114.558 2.705
202309 2.740 115.339 2.757
202312 2.788 114.781 2.819
202403 2.846 115.227 2.866
202406 2.821 114.781 2.852
202409 2.848 115.785 2.855
202412 2.865 114.893 2.894
202503 2.962 115.116 2.986
202506 2.894 114.907 2.923
202509 3.048 115.471 3.063
202512 3.123 115.832 3.129
202603 3.311 116.303 3.304
202606 3.201 116.056 3.201

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 3.56 mean?
Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) has a Cyclically Adjusted PB Ratio of 3.56 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 Tiantai Xianghe Industrial Co and its competitors. This is 21% below median its historical median of 4.53. Over the past decade, Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio has ranged from 3.03 to 5.45. According to the industry distribution chart, Zhejiang Tiantai Xianghe Industrial Co ranks #601 out of 700 companies in the Transportation industry, placing it in the top 85.9%.
Is Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio too high?
Zhejiang Tiantai Xianghe Industrial Co's current Cyclically Adjusted PB Ratio of 3.56 is 21% below median its 10-year median of 4.53. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 5.45. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Zhejiang Tiantai Xianghe Industrial Co's value of 3.56 is 178.1% above this industry median. Based on the distribution chart, Zhejiang Tiantai Xianghe Industrial Co ranks #601 out of 700 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Tiantai Xianghe Industrial Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tiantai Xianghe Industrial Co's Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Zhejiang Tiantai Xianghe Industrial Co ranks #601 out of 700 companies for Cyclically Adjusted PB Ratio. This places Zhejiang Tiantai Xianghe Industrial Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Zhejiang Tiantai Xianghe Industrial Co's value of 3.56 is 178.1% above this benchmark. Historically, Zhejiang Tiantai Xianghe Industrial Co's own Cyclically Adjusted PB Ratio has ranged from 3.03 to 5.45 over the past decade. While the company's 10-year median is 4.53 vs. the industry median of 1.28, Zhejiang Tiantai Xianghe Industrial 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 700 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 Tiantai Xianghe Industrial Co's current Cyclically Adjusted PB Ratio of 3.56 is 178.1% 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 Tiantai Xianghe Industrial Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Tiantai Xianghe Industrial Co's current Cyclically Adjusted PB Ratio is 3.56, which is 21% below median its own 10-year median of 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tiantai Xianghe Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.98, compared to a current price of ¥9.50 — trading 13.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.56, which is 21% below median its 10-year median of 4.53 and 178.1% above the Transportation industry median of 1.28. Zhejiang Tiantai Xianghe Industrial Co's overall GF Score™ is 88/100 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 Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500), the current Cyclically Adjusted PB Ratio is 3.56 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 Tiantai Xianghe Industrial Co (SHSE:603500) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Tiantai Xianghe Industrial Co stock appears to be undervalued. The current stock price of ¥9.50 is trading 13.5% below its estimated GF Value™ of ¥10.98. GuruFocus considers Zhejiang Tiantai Xianghe Industrial Co to be Modestly Undervalued.

Key valuation signals for SHSE:603500:

  • Cyclically Adjusted PB Ratio: 3.56 (21% below median its 10-year median of 4.53)
  • GF Value™: ¥10.98 vs. price of ¥9.50 (13.5% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 178.1% above the Transportation median (#601 of 700)

No single metric tells the full story. See the SHSE:603500 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Tiantai Xianghe Industrial Co Business Description

Address No. 799, Renmin East Road, Chicheng Street, Zhejiang Province, Tiantai County, Taizhou, CHN
Zhejiang Tiantai Xianghe Industrial Co Ltd is engaged in the research, development, commissioning, verification and industrialization of the national high-speed rail fastener project group. The company's main products include fastener products such as nylon parts, rubber parts, elastic pads and plastic parts; electronic products such as rubber stoppers and bases.
88GF Score

Get the complete analysis for SHSE:603500

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

¥9.50
Price
¥10.98
GF Value