Changzhou Shenli Electrical Machine Co (SHSE:603819) Cyclically Adjusted PB Ratio: 4.37 (As of Sep. 12, 2026) — 25% 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:603819 Changzhou Shenli Electrical Machine Inc Co SHSE:603819
66 GF Score
Price ¥16.03
GF Value ¥13.63
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Changzhou Shenli Electrical Machine Co Cyclically Adjusted PB Ratio?

Changzhou Shenli Electrical Machine Co SHSE:603819 -2.91% 66 Cyclically Adjusted PB Ratio is 4.37 as of Sep. 12, 2026, which is 25% above its 10-year median of 3.50. GuruFocus rates SHSE:603819 with a GF Score™ of 66/100 and a GF Value™ of ¥13.63 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,098 Industrial Products companies, Changzhou Shenli Electrical Machine Co ranks worse than 77.12% on this metric.

As of today (2026-09-12), Changzhou Shenli Electrical Machine Co's current share price is ¥16.03. Changzhou Shenli Electrical Machine Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥3.67. Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio for today is 4.37.

The historical rank and industry rank for Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603819' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 3.5   Max: 4.64
Current: 4.64

During the past years, Changzhou Shenli Electrical Machine Co's highest Cyclically Adjusted PB Ratio was 4.64. The lowest was 2.34. And the median was 3.50.

SHSE:603819's Cyclically Adjusted PB Ratio is ranked worse than
77.12% of 2098 companies
in the Industrial Products industry
Industry Median: 2.14 vs SHSE:603819: 4.64

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.

Changzhou Shenli Electrical Machine Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥3.751. 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 ¥3.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Changzhou Shenli Electrical Machine Co  (SHSE:603819) 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.


Changzhou Shenli Electrical Machine Co Cyclically Adjusted PB Ratio Related Terms


Changzhou Shenli Electrical Machine Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine Co Cyclically Adjusted PB Ratio Chart

Changzhou Shenli Electrical Machine 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 0.00 3.47 3.32

Changzhou Shenli Electrical Machine 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 3.73 3.18 3.32 3.55 3.12

SHSE:603819 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Changzhou Shenli Electrical Machine 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.


Changzhou Shenli Electrical Machine Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603819
66GF Score
Changzhou Shenli Electrical Machine Inc Co SHSE:603819
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.03/3.67
=4.37

* 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.

Changzhou Shenli Electrical Machine Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Changzhou Shenli Electrical Machine 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)
=3.751/116.0564*116.0564
=3.751

Current CPI (Jun. 2026) = 116.0564.

Changzhou Shenli Electrical Machine Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.237 102.400 2.535
201612 3.329 102.600 3.766
201703 3.379 103.200 3.800
201706 3.362 103.100 3.784
201709 3.381 104.100 3.769
201712 3.382 104.500 3.756
201803 3.406 105.300 3.754
201806 3.412 104.900 3.775
201809 3.474 106.600 3.782
201812 3.546 106.500 3.864
201903 3.449 107.700 3.717
201906 3.300 107.700 3.556
201909 3.562 109.800 3.765
201912 3.554 111.200 3.709
202003 3.593 112.300 3.713
202006 3.405 110.400 3.579
202009 3.403 111.700 3.536
202012 3.429 111.500 3.569
202103 3.502 112.662 3.608
202106 3.524 111.769 3.659
202109 3.567 112.215 3.689
202112 3.680 113.108 3.776
202203 3.831 114.335 3.889
202206 3.850 114.558 3.900
202209 3.834 115.339 3.858
202212 3.318 115.116 3.345
202303 3.323 115.116 3.350
202306 3.284 114.558 3.327
202309 3.308 115.339 3.329
202312 4.104 114.781 4.150
202403 4.149 115.227 4.179
202406 3.531 114.781 3.570
202409 3.576 115.785 3.584
202412 3.628 114.893 3.665
202503 3.630 115.116 3.660
202506 3.644 114.907 3.680
202509 3.686 115.471 3.705
202512 3.698 115.832 3.705
202603 3.730 116.303 3.722
202606 3.751 116.056 3.751

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 4.37 mean?
Changzhou Shenli Electrical Machine Co (SHSE:603819) has a Cyclically Adjusted PB Ratio of 4.37 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 Changzhou Shenli Electrical Machine Co and its competitors. This is 25% above median its historical median of 3.50. Over the past decade, Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio has ranged from 2.34 to 4.64. According to the industry distribution chart, Changzhou Shenli Electrical Machine Co ranks #1618 out of 2098 companies in the Industrial Products industry, placing it in the top 77.1%.
Is Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio too high?
Changzhou Shenli Electrical Machine Co's current Cyclically Adjusted PB Ratio of 4.37 is 25% above median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 4.64. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. Changzhou Shenli Electrical Machine Co's value of 4.37 is 104.2% above this industry median. Based on the distribution chart, Changzhou Shenli Electrical Machine Co ranks #1618 out of 2098 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Changzhou Shenli Electrical Machine Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Shenli Electrical Machine Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Changzhou Shenli Electrical Machine Co ranks #1618 out of 2098 companies for Cyclically Adjusted PB Ratio. This places Changzhou Shenli Electrical Machine Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. Changzhou Shenli Electrical Machine Co's value of 4.37 is 104.2% above this benchmark. Historically, Changzhou Shenli Electrical Machine Co's own Cyclically Adjusted PB Ratio has ranged from 2.34 to 4.64 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 2.14, Changzhou Shenli Electrical Machine 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,098 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. Changzhou Shenli Electrical Machine Co's current Cyclically Adjusted PB Ratio of 4.37 is 104.2% 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 Changzhou Shenli Electrical Machine Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Shenli Electrical Machine Co's current Cyclically Adjusted PB Ratio is 4.37, which is 25% above median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Shenli Electrical Machine Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Shenli Electrical Machine Co (SHSE:603819) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥13.63, compared to a current price of ¥16.03 — trading 17.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.37, which is 25% above median its 10-year median of 3.50 and 104.2% above the Industrial Products industry median of 2.14. Changzhou Shenli Electrical Machine Co's overall GF Score™ is 66/100 with 6 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 Changzhou Shenli Electrical Machine Co (SHSE:603819), the current Cyclically Adjusted PB Ratio is 4.37 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 Changzhou Shenli Electrical Machine Co (SHSE:603819) Overvalued in 2026?

Based on GuruFocus' analysis, Changzhou Shenli Electrical Machine Co stock appears to be overvalued. The current stock price of ¥16.03 is trading 17.6% above its estimated GF Value™ of ¥13.63. GuruFocus considers Changzhou Shenli Electrical Machine Co to be Modestly Overvalued.

Key valuation signals for SHSE:603819:

  • Cyclically Adjusted PB Ratio: 4.37 (25% above median its 10-year median of 3.50)
  • GF Value™: ¥13.63 vs. price of ¥16.03 (17.6% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 104.2% above the Industrial Products median (#1618 of 2098)

No single metric tells the full story. See the SHSE:603819 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changzhou Shenli Electrical Machine Co Business Description

Address No. 289, Xingdong Road, Economic Development Zone, Jiangsu Province, Changzhou, CHN, 213013
Changzhou Shenli Electrical Machine Inc Co is engaged in manufacturing of stator, rotor laminations and cores for motors. The company produces its products for application in diesel generators, wind power generators, medium-voltage and high-voltage motor, railway motors, elevator motors and AC motors. Its products are supplied across Chinese and international markets. It generates revenues through the sale of laminations and core of motors.
66GF Score

Get the complete analysis for SHSE:603819

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

¥16.03
Price
¥13.63
GF Value