Inly Media Co (SHSE:603598) Cyclically Adjusted PB Ratio: 12.59 (As of Sep. 08, 2026) — 28% Above 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:603598 Inly Media Co Ltd SHSE:603598
81 GF Score
Price ¥18.89
GF Value ¥21.36
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Inly Media Co Cyclically Adjusted PB Ratio?

Inly Media Co SHSE:603598 +1.56% 81 Cyclically Adjusted PB Ratio is 12.59 as of Sep. 08, 2026, which is 28% above its 10-year median of 9.82. GuruFocus rates SHSE:603598 with a GF Score™ of 81/100 and a GF Value™ of ¥21.36 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 652 Media - Diversified companies, Inly Media Co ranks worse than 98.01% on this metric.

As of today (2026-09-08), Inly Media Co's current share price is ¥18.89. Inly Media Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥1.50. Inly Media Co's Cyclically Adjusted PB Ratio for today is 12.59.

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

SHSE:603598' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.9   Med: 9.82   Max: 18.71
Current: 12.63

During the past years, Inly Media Co's highest Cyclically Adjusted PB Ratio was 18.71. The lowest was 4.90. And the median was 9.82.

SHSE:603598's Cyclically Adjusted PB Ratio is ranked worse than
98.01% of 652 companies
in the Media - Diversified industry
Industry Median: 1.01 vs SHSE:603598: 12.63

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.

Inly Media Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥0.858. 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 ¥1.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Inly Media Co  (SHSE:603598) 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.


Inly Media Co Cyclically Adjusted PB Ratio Related Terms


Inly Media Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Inly Media 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.

Inly Media Co Cyclically Adjusted PB Ratio Chart

Inly Media 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 11.55 9.94 10.80

Inly Media 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 10.96 10.26 10.80 12.87 11.47

SHSE:603598 vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Inly Media 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.


Inly Media Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Inly Media Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Inly Media Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603598
81GF Score
Inly Media Co Ltd SHSE:603598
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inly Media 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.

Inly Media Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.89/1.50
=12.59

* 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.

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

For example, Inly Media 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)
=0.858/116.0564*116.0564
=0.858

Current CPI (Jun. 2026) = 116.0564.

Inly Media Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.162 102.400 2.450
201612 2.183 102.600 2.469
201703 2.241 103.200 2.520
201706 2.244 103.100 2.526
201709 2.291 104.100 2.554
201712 2.445 104.500 2.715
201803 2.503 105.300 2.759
201806 1.977 104.900 2.187
201809 2.084 106.600 2.269
201812 2.094 106.500 2.282
201903 2.121 107.700 2.286
201906 2.192 107.700 2.362
201909 2.319 109.800 2.451
201912 1.289 111.200 1.345
202003 1.321 112.300 1.365
202006 1.390 110.400 1.461
202009 1.556 111.700 1.617
202012 1.666 111.500 1.734
202103 1.729 112.662 1.781
202106 1.768 111.769 1.836
202109 1.801 112.215 1.863
202112 0.922 113.108 0.946
202203 0.927 114.335 0.941
202206 1.014 114.558 1.027
202209 1.031 115.339 1.037
202212 0.542 115.116 0.546
202303 0.575 115.116 0.580
202306 0.663 114.558 0.672
202309 0.675 115.339 0.679
202312 0.736 114.781 0.744
202403 0.766 115.227 0.772
202406 0.802 114.781 0.811
202409 0.812 115.785 0.814
202412 0.680 114.893 0.687
202503 0.716 115.116 0.722
202506 0.755 114.907 0.763
202509 0.774 115.471 0.778
202512 0.788 115.832 0.790
202603 0.829 116.303 0.827
202606 0.858 116.056 0.858

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 12.59 mean?
Inly Media Co (SHSE:603598) has a Cyclically Adjusted PB Ratio of 12.59 as of Sep. 08, 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 Inly Media Co and its competitors. This is 28% above median its historical median of 9.82. Over the past decade, Inly Media Co's Cyclically Adjusted PB Ratio has ranged from 4.90 to 18.71. According to the industry distribution chart, Inly Media Co ranks #639 out of 652 companies in the Media - Diversified industry, placing it in the top 98%.
Is Inly Media Co's Cyclically Adjusted PB Ratio too high?
Inly Media Co's current Cyclically Adjusted PB Ratio of 12.59 is 28% above median its 10-year median of 9.82. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 18.71. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.01. Inly Media Co's value of 12.59 is 1146.5% above this industry median. Based on the distribution chart, Inly Media Co ranks #639 out of 652 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Inly Media Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inly Media Co's Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Inly Media Co ranks #639 out of 652 companies for Cyclically Adjusted PB Ratio. This places Inly Media Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Inly Media Co's value of 12.59 is 1146.5% above this benchmark. Historically, Inly Media Co's own Cyclically Adjusted PB Ratio has ranged from 4.90 to 18.71 over the past decade. While the company's 10-year median is 9.82 vs. the industry median of 1.01, Inly Media 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.01, based on 652 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. Inly Media Co's current Cyclically Adjusted PB Ratio of 12.59 is 1146.5% 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 Inly Media Co and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inly Media Co's current Cyclically Adjusted PB Ratio is 12.59, which is 28% above median its own 10-year median of 9.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inly Media Co stock overvalued right now?
Based on GuruFocus' analysis, Inly Media Co (SHSE:603598) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥21.36, compared to a current price of ¥18.89 — trading 11.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.59, which is 28% above median its 10-year median of 9.82 and 1146.5% above the Media - Diversified industry median of 1.01. Inly Media Co's overall GF Score™ is 81/100 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 Inly Media Co (SHSE:603598), the current Cyclically Adjusted PB Ratio is 12.59 as of Sep. 08, 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 Inly Media Co (SHSE:603598) Overvalued in 2026?

Based on GuruFocus' analysis, Inly Media Co stock appears to be undervalued. The current stock price of ¥18.89 is trading 11.6% below its estimated GF Value™ of ¥21.36. GuruFocus considers Inly Media Co to be Modestly Undervalued.

Key valuation signals for SHSE:603598:

  • Cyclically Adjusted PB Ratio: 12.59 (28% above median its 10-year median of 9.82)
  • GF Value™: ¥21.36 vs. price of ¥18.89 (11.6% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 1146.5% above the Media - Diversified median (#639 of 652)

No single metric tells the full story. See the SHSE:603598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inly Media Co Business Description

Address Water Park B, Building 3, Room 105, Fu Wai liangjiadian, Haidian District, Beijing, CHN, 100022
Inly Media Co Ltd is engaged in providing advertising services.
81GF Score

Get the complete analysis for SHSE:603598

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

¥18.89
Price
¥21.36
GF Value