Anji Foodstuff Co (SHSE:603696) Cyclically Adjusted PB Ratio: 5.43 (As of Sep. 13, 2026) — 38% Above Median

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SHSE:603696 Anji Foodstuff Co Ltd SHSE:603696
70 GF Score
Price ¥14.50
GF Value ¥10.07
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Anji Foodstuff Co Cyclically Adjusted PB Ratio?

Anji Foodstuff Co SHSE:603696 -7.58% 70 Cyclically Adjusted PB Ratio is 5.43 as of Sep. 13, 2026, which is 38% above its 10-year median of 3.93. GuruFocus rates SHSE:603696 with a GF Score™ of 70/100 and a GF Value™ of ¥10.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Anji Foodstuff Co ranks worse than 91.96% on this metric.

As of today (2026-09-13), Anji Foodstuff Co's current share price is ¥14.50. Anji Foodstuff Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥2.67. Anji Foodstuff Co's Cyclically Adjusted PB Ratio for today is 5.43.

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

SHSE:603696' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.35   Med: 3.93   Max: 9.63
Current: 5.43

During the past years, Anji Foodstuff Co's highest Cyclically Adjusted PB Ratio was 9.63. The lowest was 2.35. And the median was 3.93.

SHSE:603696's Cyclically Adjusted PB Ratio is ranked worse than
91.96% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs SHSE:603696: 5.43

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.

Anji Foodstuff Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥2.410. 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


Anji Foodstuff Co  (SHSE:603696) 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.


Anji Foodstuff Co Cyclically Adjusted PB Ratio Related Terms


Anji Foodstuff Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Anji Foodstuff 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.

Anji Foodstuff Co Cyclically Adjusted PB Ratio Chart

Anji Foodstuff 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 3.96 3.04 7.48

Anji Foodstuff 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 4.07 4.25 7.48 6.31 4.30

SHSE:603696 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Anji Foodstuff 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.


Anji Foodstuff Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


SHSE:603696
70GF Score
Anji Foodstuff Co Ltd SHSE:603696
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anji Foodstuff 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.

Anji Foodstuff Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.50/2.67
=5.43

* 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.

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

For example, Anji Foodstuff 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)
=2.41/116.0564*116.0564
=2.410

Current CPI (Jun. 2026) = 116.0564.

Anji Foodstuff Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.911 102.400 3.299
201612 2.968 102.600 3.357
201703 3.008 103.200 3.383
201706 2.969 103.100 3.342
201709 3.003 104.100 3.348
201712 3.063 104.500 3.402
201803 3.100 105.300 3.417
201806 3.091 104.900 3.420
201809 3.141 106.600 3.420
201812 2.761 106.500 3.009
201903 2.801 107.700 3.018
201906 2.450 107.700 2.640
201909 2.499 109.800 2.641
201912 2.508 111.200 2.618
202003 2.564 112.300 2.650
202006 2.319 110.400 2.438
202009 2.376 111.700 2.469
202012 2.405 111.500 2.503
202103 2.467 112.662 2.541
202106 2.266 111.769 2.353
202109 2.305 112.215 2.384
202112 2.333 113.108 2.394
202203 2.344 114.335 2.379
202206 2.259 114.558 2.289
202209 2.293 115.339 2.307
202212 2.284 115.116 2.303
202303 2.337 115.116 2.356
202306 2.328 114.558 2.358
202309 2.361 115.339 2.376
202312 2.369 114.781 2.395
202403 2.403 115.227 2.420
202406 2.333 114.781 2.359
202409 2.384 115.785 2.390
202412 2.393 114.893 2.417
202503 2.416 115.116 2.436
202506 2.354 114.907 2.378
202509 2.391 115.471 2.403
202512 2.416 115.832 2.421
202603 2.459 116.303 2.454
202606 2.410 116.056 2.410

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 5.43 mean?
Anji Foodstuff Co (SHSE:603696) has a Cyclically Adjusted PB Ratio of 5.43 as of Sep. 13, 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 Anji Foodstuff Co and its competitors. This is 38% above median its historical median of 3.93. Over the past decade, Anji Foodstuff Co's Cyclically Adjusted PB Ratio has ranged from 2.35 to 9.63. According to the industry distribution chart, Anji Foodstuff Co ranks #1166 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 92%.
Is Anji Foodstuff Co's Cyclically Adjusted PB Ratio too high?
Anji Foodstuff Co's current Cyclically Adjusted PB Ratio of 5.43 is 38% above median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 9.63. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Anji Foodstuff Co's value of 5.43 is 336.1% above this industry median. Based on the distribution chart, Anji Foodstuff Co ranks #1166 out of 1268 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Anji Foodstuff Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anji Foodstuff Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Anji Foodstuff Co ranks #1166 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Anji Foodstuff Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Anji Foodstuff Co's value of 5.43 is 336.1% above this benchmark. Historically, Anji Foodstuff Co's own Cyclically Adjusted PB Ratio has ranged from 2.35 to 9.63 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 1.25, Anji Foodstuff 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. Anji Foodstuff Co's current Cyclically Adjusted PB Ratio of 5.43 is 336.1% 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 Anji Foodstuff 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. Anji Foodstuff Co's current Cyclically Adjusted PB Ratio is 5.43, which is 38% above median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anji Foodstuff Co stock overvalued right now?
Based on GuruFocus' analysis, Anji Foodstuff Co (SHSE:603696) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.07, compared to a current price of ¥14.50 — trading 44% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.43, which is 38% above median its 10-year median of 3.93 and 336.1% above the Consumer Packaged Goods industry median of 1.25. Anji Foodstuff Co's overall GF Score™ is 70/100 with 3 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 Anji Foodstuff Co (SHSE:603696), the current Cyclically Adjusted PB Ratio is 5.43 as of Sep. 13, 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 Anji Foodstuff Co (SHSE:603696) Overvalued in 2026?

Based on GuruFocus' analysis, Anji Foodstuff Co stock appears to be overvalued. The current stock price of ¥14.50 is trading 44% above its estimated GF Value™ of ¥10.07. GuruFocus considers Anji Foodstuff Co to be Significantly Overvalued.

Key valuation signals for SHSE:603696:

  • Cyclically Adjusted PB Ratio: 5.43 (38% above median its 10-year median of 3.93)
  • GF Value™: ¥10.07 vs. price of ¥14.50 (44% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 336.1% above the Consumer Packaged Goods median (#1166 of 1268)

No single metric tells the full story. See the SHSE:603696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anji Foodstuff Co Business Description

Address 4-9A, Qingmeng Science and Technology Industrial Zone, Fujian Province, Quanzhou, CHN, 362005
Anji Foodstuff Co Ltd is engaged in the research and development, production and sales of seasoning. The company has five products namely seasoning powder of mixed flavors, seasoning from natural extracts, herbs and spices, sauce and condensed soup. Its seasoning powder of mixed flavors includes seasoning for spare-rib, concentrated pork stock, beef powder, and other. Its seasonings from natural extracts comprise mushroom extract seasoning, bonito flavor bisque, scallop bisque, and others. The company herbs and spices comprise white pepper powder, five spices powder, and others; sauces include oyster, chili, curry seasoning, spare rib, and other sauces.
70GF Score

Get the complete analysis for SHSE:603696

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

¥14.50
Price
¥10.07
GF Value