Sk Shu Paint Co (SHSE:603737) Cyclically Adjusted PB Ratio: 9.21 (As of Sep. 10, 2026) — 32% Below Median

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SHSE:603737 Sk Shu Paint Co Ltd SHSE:603737
72 GF Score
Price ¥22.02
GF Value ¥31.40
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Sk Shu Paint Co Cyclically Adjusted PB Ratio?

Sk Shu Paint Co SHSE:603737 -3.84% 72 Cyclically Adjusted PB Ratio is 9.21 as of Sep. 10, 2026, which is 32% below its 10-year median of 13.57. GuruFocus rates SHSE:603737 with a GF Score™ of 72/100 and a GF Value™ of ¥31.40 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,097 Chemicals companies, Sk Shu Paint Co ranks worse than 94.9% on this metric.

As of today (2026-09-10), Sk Shu Paint Co's current share price is ¥22.02. Sk Shu Paint Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥2.39. Sk Shu Paint Co's Cyclically Adjusted PB Ratio for today is 9.21.

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

SHSE:603737' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.24   Med: 13.57   Max: 24.01
Current: 10.26

During the past years, Sk Shu Paint Co's highest Cyclically Adjusted PB Ratio was 24.01. The lowest was 8.24. And the median was 13.57.

SHSE:603737's Cyclically Adjusted PB Ratio is ranked worse than
94.9% of 1097 companies
in the Chemicals industry
Industry Median: 1.69 vs SHSE:603737: 10.26

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.

Sk Shu Paint Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥3.551. 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 ¥2.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sk Shu Paint Co  (SHSE:603737) 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.


Sk Shu Paint Co Cyclically Adjusted PB Ratio Related Terms


Sk Shu Paint Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sk Shu Paint 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.

Sk Shu Paint Co Cyclically Adjusted PB Ratio Chart

Sk Shu Paint 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 15.53 12.29 17.01

Sk Shu Paint 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 14.25 18.11 17.01 18.04 10.06

SHSE:603737 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Sk Shu Paint 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.


Sk Shu Paint Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sk Shu Paint Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sk Shu Paint Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603737
72GF Score
Sk Shu Paint Co Ltd SHSE:603737
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sk Shu Paint 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.

Sk Shu Paint Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.02/2.39
=9.21

* 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.

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

For example, Sk Shu Paint 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)
=3.551/116.0564*116.0564
=3.551

Current CPI (Jun. 2026) = 116.0564.

Sk Shu Paint Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.067 102.400 1.209
201612 1.164 102.600 1.317
201703 1.149 103.200 1.292
201706 1.165 103.100 1.311
201709 1.198 104.100 1.336
201712 1.305 104.500 1.449
201803 1.307 105.300 1.441
201806 1.328 104.900 1.469
201809 1.415 106.600 1.541
201812 1.554 106.500 1.693
201903 1.555 107.700 1.676
201906 1.619 107.700 1.745
201909 1.801 109.800 1.904
201912 2.008 111.200 2.096
202003 1.855 112.300 1.917
202006 2.007 110.400 2.110
202009 2.664 111.700 2.768
202012 2.833 111.500 2.949
202103 2.842 112.662 2.928
202106 2.787 111.769 2.894
202109 2.736 112.215 2.830
202112 2.194 113.108 2.251
202203 2.150 114.335 2.182
202206 2.301 114.558 2.331
202209 2.535 115.339 2.551
202212 2.566 115.116 2.587
202303 2.596 115.116 2.617
202306 2.917 114.558 2.955
202309 3.249 115.339 3.269
202312 2.762 114.781 2.793
202403 2.815 115.227 2.835
202406 2.904 114.781 2.936
202409 3.130 115.785 3.137
202412 3.034 114.893 3.065
202503 3.137 115.116 3.163
202506 3.322 114.907 3.355
202509 3.668 115.471 3.687
202512 3.268 115.832 3.274
202603 3.389 116.303 3.382
202606 3.551 116.056 3.551

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 9.21 mean?
Sk Shu Paint Co (SHSE:603737) has a Cyclically Adjusted PB Ratio of 9.21 as of Sep. 10, 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 Sk Shu Paint Co and its competitors. This is 32% below median its historical median of 13.57. Over the past decade, Sk Shu Paint Co's Cyclically Adjusted PB Ratio has ranged from 8.24 to 24.01. According to the industry distribution chart, Sk Shu Paint Co ranks #1041 out of 1097 companies in the Chemicals industry, placing it in the top 94.9%.
Is Sk Shu Paint Co's Cyclically Adjusted PB Ratio too high?
Sk Shu Paint Co's current Cyclically Adjusted PB Ratio of 9.21 is 32% below median its 10-year median of 13.57. Over the past 10 years, this metric has ranged from a low of 8.24 to a high of 24.01. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.69. Sk Shu Paint Co's value of 9.21 is 445% above this industry median. Based on the distribution chart, Sk Shu Paint Co ranks #1041 out of 1097 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sk Shu Paint Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sk Shu Paint Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sk Shu Paint Co ranks #1041 out of 1097 companies for Cyclically Adjusted PB Ratio. This places Sk Shu Paint Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Sk Shu Paint Co's value of 9.21 is 445% above this benchmark. Historically, Sk Shu Paint Co's own Cyclically Adjusted PB Ratio has ranged from 8.24 to 24.01 over the past decade. While the company's 10-year median is 13.57 vs. the industry median of 1.69, Sk Shu Paint 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.69, based on 1,097 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. Sk Shu Paint Co's current Cyclically Adjusted PB Ratio of 9.21 is 445% 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 Sk Shu Paint Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sk Shu Paint Co's current Cyclically Adjusted PB Ratio is 9.21, which is 32% below median its own 10-year median of 13.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sk Shu Paint Co stock overvalued right now?
Based on GuruFocus' analysis, Sk Shu Paint Co (SHSE:603737) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥31.40, compared to a current price of ¥22.02 — trading 29.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.21, which is 32% below median its 10-year median of 13.57 and 445% above the Chemicals industry median of 1.69. Sk Shu Paint Co's overall GF Score™ is 72/100 with 2 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 Sk Shu Paint Co (SHSE:603737), the current Cyclically Adjusted PB Ratio is 9.21 as of Sep. 10, 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 Sk Shu Paint Co (SHSE:603737) Overvalued in 2026?

Based on GuruFocus' analysis, Sk Shu Paint Co stock appears to be undervalued. The current stock price of ¥22.02 is trading 29.9% below its estimated GF Value™ of ¥31.40. GuruFocus considers Sk Shu Paint Co to be Significantly Undervalued.

Key valuation signals for SHSE:603737:

  • Cyclically Adjusted PB Ratio: 9.21 (32% below median its 10-year median of 13.57)
  • GF Value™: ¥31.40 vs. price of ¥22.02 (29.9% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 445% above the Chemicals median (#1041 of 1097)

No single metric tells the full story. See the SHSE:603737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sk Shu Paint Co Business Description

Address No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100
Sk Shu Paint Co Ltd is engaged in the Research and development, production and sales of architectural coatings (wall coatings), wood coatings and adhesives.
72GF Score

Get the complete analysis for SHSE:603737

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

¥22.02
Price
¥31.40
GF Value