Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Cyclically Adjusted PB Ratio: 3.83 (As of Sep. 12, 2026) — 60% Above Median

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SHSE:603790 Argus (Shanghai) Textile Chemicals Co Ltd SHSE:603790
75 GF Score
Price ¥22.44
GF Value ¥17.27
Valuation Modestly Overvalued
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What is Argus (Shanghai) Textile Chemicals Co Cyclically Adjusted PB Ratio?

Argus (Shanghai) Textile Chemicals Co SHSE:603790 -4.55% 75 Cyclically Adjusted PB Ratio is 3.83 as of Sep. 12, 2026, which is 60% above its 10-year median of 2.40. GuruFocus rates SHSE:603790 with a GF Score™ of 75/100 and a GF Value™ of ¥17.27 (Modestly Overvalued). Among 1,097 Chemicals companies, Argus (Shanghai) Textile Chemicals Co ranks worse than 80.77% on this metric.

As of today (2026-09-12), Argus (Shanghai) Textile Chemicals Co's current share price is ¥22.44. Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ¥5.86. Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio for today is 3.83.

The historical rank and industry rank for Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603790' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 2.4   Max: 4.47
Current: 4.1

During the past 12 years, Argus (Shanghai) Textile Chemicals Co's highest Cyclically Adjusted PB Ratio was 4.47. The lowest was 1.53. And the median was 2.40.

SHSE:603790's Cyclically Adjusted PB Ratio is ranked worse than
80.77% of 1097 companies
in the Chemicals industry
Industry Median: 1.69 vs SHSE:603790: 4.10

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.

Argus (Shanghai) Textile Chemicals Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥6.628. 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 ¥5.86 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Argus (Shanghai) Textile Chemicals Co  (SHSE:603790) 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.


Argus (Shanghai) Textile Chemicals Co Cyclically Adjusted PB Ratio Related Terms


Argus (Shanghai) Textile Chemicals Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co Cyclically Adjusted PB Ratio Chart

Argus (Shanghai) Textile Chemicals 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 2.66 2.00 3.33

Argus (Shanghai) Textile Chemicals 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 0.00 3.33 0.00 0.00

SHSE:603790 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.


Argus (Shanghai) Textile Chemicals Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603790
75GF Score
Argus (Shanghai) Textile Chemicals Co Ltd SHSE:603790
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.44/5.86
=3.83

* 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.

Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Argus (Shanghai) Textile Chemicals Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.628/115.8323*115.8323
=6.628

Current CPI (Dec25) = 115.8323.

Argus (Shanghai) Textile Chemicals Co Annual Data

Book Value per Share CPI Adj_Book
201612 3.481 102.600 3.930
201712 4.197 104.500 4.652
201812 5.481 106.500 5.961
201912 5.863 111.200 6.107
202012 5.898 111.500 6.127
202112 6.052 113.108 6.198
202212 6.157 115.116 6.195
202312 6.360 114.781 6.418
202412 6.329 114.893 6.381
202512 6.628 115.832 6.628

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 3.83 mean?
Argus (Shanghai) Textile Chemicals Co (SHSE:603790) has a Cyclically Adjusted PB Ratio of 3.83 as of Sep. 12, 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 Argus (Shanghai) Textile Chemicals Co and its competitors. This is 60% above median its historical median of 2.40. Over the past decade, Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio has ranged from 1.53 to 4.47. According to the industry distribution chart, Argus (Shanghai) Textile Chemicals Co ranks #886 out of 1097 companies in the Chemicals industry, placing it in the top 80.8%.
Is Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio too high?
Argus (Shanghai) Textile Chemicals Co's current Cyclically Adjusted PB Ratio of 3.83 is 60% above median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 4.47. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.69. Argus (Shanghai) Textile Chemicals Co's value of 3.83 is 126.6% above this industry median. Based on the distribution chart, Argus (Shanghai) Textile Chemicals Co ranks #886 out of 1097 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Argus (Shanghai) Textile Chemicals Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argus (Shanghai) Textile Chemicals Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Argus (Shanghai) Textile Chemicals Co ranks #886 out of 1097 companies for Cyclically Adjusted PB Ratio. This places Argus (Shanghai) Textile Chemicals Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Argus (Shanghai) Textile Chemicals Co's value of 3.83 is 126.6% above this benchmark. Historically, Argus (Shanghai) Textile Chemicals Co's own Cyclically Adjusted PB Ratio has ranged from 1.53 to 4.47 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.69, Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's current Cyclically Adjusted PB Ratio of 3.83 is 126.6% 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 Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's current Cyclically Adjusted PB Ratio is 3.83, which is 60% above median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argus (Shanghai) Textile Chemicals Co stock overvalued right now?
Based on GuruFocus' analysis, Argus (Shanghai) Textile Chemicals Co (SHSE:603790) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥17.27, compared to a current price of ¥22.44 — trading 29.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.83, which is 60% above median its 10-year median of 2.40 and 126.6% above the Chemicals industry median of 1.69. Argus (Shanghai) Textile Chemicals Co's overall GF Score™ is 75/100. 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 Argus (Shanghai) Textile Chemicals Co (SHSE:603790), the current Cyclically Adjusted PB Ratio is 3.83 as of Sep. 12, 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 Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Overvalued in 2026?

Based on GuruFocus' analysis, Argus (Shanghai) Textile Chemicals Co stock appears to be overvalued. The current stock price of ¥22.44 is trading 29.9% above its estimated GF Value™ of ¥17.27. GuruFocus considers Argus (Shanghai) Textile Chemicals Co to be Modestly Overvalued.

Key valuation signals for SHSE:603790:

  • Cyclically Adjusted PB Ratio: 3.83 (60% above median its 10-year median of 2.40)
  • GF Value™: ¥17.27 vs. price of ¥22.44 (29.9% above fair value)
  • GF Score™: 75/100
  • Industry Position: 126.6% above the Chemicals median (#886 of 1097)

No single metric tells the full story. See the SHSE:603790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Argus (Shanghai) Textile Chemicals Co Business Description

Address No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812
Argus (Shanghai) Textile Chemicals Co Ltd is a company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.
75GF Score

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

¥22.44
Price
¥17.27
GF Value