Lafang China Co (SHSE:603630) Cyclically Adjusted PB Ratio: 1.71 (As of Sep. 22, 2026) — 25% Below Median

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SHSE:603630 Lafang China Co Ltd SHSE:603630
59 GF Score
Price ¥13.96
GF Value ¥16.87
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Lafang China Co Cyclically Adjusted PB Ratio?

Lafang China Co SHSE:603630 -0.85% 59 Cyclically Adjusted PB Ratio is 1.71 as of Sep. 22, 2026, which is 25% below its 10-year median of 2.28. GuruFocus rates SHSE:603630 with a GF Score™ of 59/100 and a GF Value™ of ¥16.87 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,268 Consumer Packaged Goods companies, Lafang China Co ranks worse than 58.99% on this metric.

As of today (2026-09-22), Lafang China Co's current share price is ¥13.96. Lafang China Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥8.15. Lafang China Co's Cyclically Adjusted PB Ratio for today is 1.71.

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

SHSE:603630' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.28   Max: 3.72
Current: 1.61

During the past years, Lafang China Co's highest Cyclically Adjusted PB Ratio was 3.72. The lowest was 1.50. And the median was 2.28.

SHSE:603630's Cyclically Adjusted PB Ratio is ranked worse than
58.99% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs SHSE:603630: 1.61

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.

Lafang China Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥8.618. 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 ¥8.15 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lafang China Co  (SHSE:603630) 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.


Lafang China Co Cyclically Adjusted PB Ratio Related Terms


Lafang China Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lafang China 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.

Lafang China Co Cyclically Adjusted PB Ratio Chart

Lafang China 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 - - 2.19 1.82 2.38

Lafang China 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 2.96 3.12 2.38 1.94 1.57

SHSE:603630 vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Lafang China 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.


Lafang China Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


SHSE:603630
59GF Score
Lafang China Co Ltd SHSE:603630
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lafang China 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.

Lafang China Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.96/8.145
=1.71

* 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.

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

For example, Lafang China 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)
=8.618/116.0564*116.0564
=8.618

Current CPI (Jun. 2026) = 116.0564.

Lafang China Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 102.200 0.000
201606 101.400 0.000
201703 7.178 103.200 8.072
201706 7.129 103.100 8.025
201709 7.316 104.100 8.156
201712 7.494 104.500 8.323
201803 7.696 105.300 8.482
201806 7.778 104.900 8.605
201809 8.043 106.600 8.756
201812 7.987 106.500 8.704
201903 8.052 107.700 8.677
201906 7.720 107.700 8.319
201909 7.765 109.800 8.207
201912 7.820 111.200 8.162
202003 7.830 112.300 8.092
202006 7.791 110.400 8.190
202009 8.207 111.700 8.527
202012 8.225 111.500 8.561
202103 8.326 112.662 8.577
202106 8.380 111.769 8.701
202109 8.429 112.215 8.718
202112 8.379 113.108 8.597
202203 8.362 114.335 8.488
202206 8.591 114.558 8.703
202209 8.661 115.339 8.715
202212 8.702 115.116 8.773
202303 8.867 115.116 8.939
202306 8.808 114.558 8.923
202309 8.895 115.339 8.950
202312 8.819 114.781 8.917
202403 8.827 115.227 8.891
202406 8.730 114.781 8.827
202409 8.808 115.785 8.829
202412 8.682 114.893 8.770
202503 8.743 115.116 8.814
202506 8.628 114.907 8.714
202509 8.647 115.471 8.691
202512 8.451 115.832 8.467
202603 8.548 116.303 8.530
202606 8.618 116.056 8.618

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 1.71 mean?
Lafang China Co (SHSE:603630) has a Cyclically Adjusted PB Ratio of 1.71 as of Sep. 22, 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 Lafang China Co and its competitors. This is 25% below median its historical median of 2.28. Over the past decade, Lafang China Co's Cyclically Adjusted PB Ratio has ranged from 1.50 to 3.72. According to the industry distribution chart, Lafang China Co ranks #748 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 59%.
Is Lafang China Co's Cyclically Adjusted PB Ratio too high?
Lafang China Co's current Cyclically Adjusted PB Ratio of 1.71 is 25% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 3.72. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Lafang China Co's value of 1.71 is 37.3% above this industry median. Based on the distribution chart, Lafang China Co ranks #748 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Lafang China Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lafang China Co's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Lafang China Co ranks #748 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Lafang China Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Lafang China Co's value of 1.71 is 37.3% above this benchmark. Historically, Lafang China Co's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 3.72 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.25, Lafang China 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 1.25, based on 1,268 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. Lafang China Co's current Cyclically Adjusted PB Ratio of 1.71 is 37.3% 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 Lafang China Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lafang China Co's current Cyclically Adjusted PB Ratio is 1.71, which is 25% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lafang China Co stock overvalued right now?
Based on GuruFocus' analysis, Lafang China Co (SHSE:603630) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥16.87, compared to a current price of ¥13.96 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.71, which is 25% below median its 10-year median of 2.28 and 37.3% above the Consumer Packaged Goods industry median of 1.25. Lafang China Co's overall GF Score™ is 59/100 with 1 warning sign 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 Lafang China Co (SHSE:603630), the current Cyclically Adjusted PB Ratio is 1.71 as of Sep. 22, 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 Lafang China Co (SHSE:603630) Overvalued in 2026?

Based on GuruFocus' analysis, Lafang China Co stock appears to be undervalued. The current stock price of ¥13.96 is trading 17.2% below its estimated GF Value™ of ¥16.87. GuruFocus considers Lafang China Co to be Modestly Undervalued.

Key valuation signals for SHSE:603630:

  • Cyclically Adjusted PB Ratio: 1.71 (25% below median its 10-year median of 2.28)
  • GF Value™: ¥16.87 vs. price of ¥13.96 (17.2% below fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 37.3% above the Consumer Packaged Goods median (#748 of 1268)

No single metric tells the full story. See the SHSE:603630 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lafang China Co Business Description

Address Longjiang Road, Lafang Building, Wanji Industrial Zone, Guangdong Province, Chaonan District, Shantou, CHN, 515041
Lafang China Co Ltd research and development, production and sales of daily chemical products.
59GF Score

Get the complete analysis for SHSE:603630

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

¥13.96
Price
¥16.87
GF Value