Shanghai Flyco Electrical Appliance Co (SHSE:603868) Cyclically Adjusted PB Ratio: 4.51 (As of Aug. 31, 2026) — 22% Below 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:603868 Shanghai Flyco Electrical Appliance Co Ltd SHSE:603868
89 GF Score
Price ¥30.79
GF Value ¥35.34
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Shanghai Flyco Electrical Appliance Co Cyclically Adjusted PB Ratio?

Shanghai Flyco Electrical Appliance Co SHSE:603868 -0.58% 89 Cyclically Adjusted PB Ratio is 4.51 as of Aug. 31, 2026, which is 22% below its 10-year median of 5.76. GuruFocus rates SHSE:603868 with a GF Score™ of 89/100 and a GF Value™ of ¥35.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,267 Consumer Packaged Goods companies, Shanghai Flyco Electrical Appliance Co ranks worse than 88.87% on this metric.

As of today (2026-08-31), Shanghai Flyco Electrical Appliance Co's current share price is ¥30.79. Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ¥6.82. Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio for today is 4.51.

The historical rank and industry rank for Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603868' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.26   Med: 5.76   Max: 8.52
Current: 4.54

During the past years, Shanghai Flyco Electrical Appliance Co's highest Cyclically Adjusted PB Ratio was 8.52. The lowest was 4.26. And the median was 5.76.

SHSE:603868's Cyclically Adjusted PB Ratio is ranked worse than
88.87% of 1267 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs SHSE:603868: 4.54

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.

Shanghai Flyco Electrical Appliance Co's adjusted book value per share data for the three months ended in Jun. 2026 was ¥7.962. 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 ¥6.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Flyco Electrical Appliance Co  (SHSE:603868) 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.


Shanghai Flyco Electrical Appliance Co Cyclically Adjusted PB Ratio Related Terms


Shanghai Flyco Electrical Appliance Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Flyco Electrical Appliance 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.

Shanghai Flyco Electrical Appliance Co Cyclically Adjusted PB Ratio Chart

Shanghai Flyco Electrical Appliance 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 8.49 6.50 6.53

Shanghai Flyco Electrical Appliance 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 5.57 5.46 6.53 4.79 4.52

SHSE:603868 vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Shanghai Flyco Electrical Appliance 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.


Shanghai Flyco Electrical Appliance Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio falls into.


SHSE:603868
89GF Score
Shanghai Flyco Electrical Appliance Co Ltd SHSE:603868
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Flyco Electrical Appliance 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.

Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.79/6.82
=4.51

* 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.

Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shanghai Flyco Electrical Appliance 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)
=7.962/116.0564*116.0564
=7.962

Current CPI (Jun. 2026) = 116.0564.

Shanghai Flyco Electrical Appliance Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.171 102.400 4.727
201612 4.615 102.600 5.220
201703 5.076 103.200 5.708
201706 4.485 103.100 5.049
201709 4.992 104.100 5.565
201712 5.533 104.500 6.145
201803 5.933 105.300 6.539
201806 4.947 104.900 5.473
201809 5.458 106.600 5.942
201812 5.962 106.500 6.497
201903 6.338 107.700 6.830
201906 5.235 107.700 5.641
201909 5.680 109.800 6.004
201912 6.037 111.200 6.301
202003 6.334 112.300 6.546
202006 5.694 110.400 5.986
202009 6.118 111.700 6.357
202012 6.498 111.500 6.764
202103 6.840 112.662 7.046
202106 6.229 111.769 6.468
202109 6.666 112.215 6.894
202112 6.984 113.108 7.166
202203 7.528 114.335 7.641
202206 7.031 114.558 7.123
202209 7.685 115.339 7.733
202212 7.870 115.116 7.934
202303 8.605 115.116 8.675
202306 7.267 114.558 7.362
202309 7.769 115.339 7.817
202312 8.210 114.781 8.301
202403 8.624 115.227 8.686
202406 6.634 114.781 6.708
202409 6.976 115.785 6.992
202412 6.962 114.893 7.033
202503 7.377 115.116 7.437
202506 7.198 114.907 7.270
202509 7.511 115.471 7.549
202512 7.637 115.832 7.652
202603 8.070 116.303 8.053
202606 7.962 116.056 7.962

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 4.51 mean?
Shanghai Flyco Electrical Appliance Co (SHSE:603868) has a Cyclically Adjusted PB Ratio of 4.51 as of Aug. 31, 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 Shanghai Flyco Electrical Appliance Co and its competitors. This is 22% below median its historical median of 5.76. Over the past decade, Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio has ranged from 4.26 to 8.52. According to the industry distribution chart, Shanghai Flyco Electrical Appliance Co ranks #1126 out of 1267 companies in the Consumer Packaged Goods industry, placing it in the top 88.9%.
Is Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio too high?
Shanghai Flyco Electrical Appliance Co's current Cyclically Adjusted PB Ratio of 4.51 is 22% below median its 10-year median of 5.76. Over the past 10 years, this metric has ranged from a low of 4.26 to a high of 8.52. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Shanghai Flyco Electrical Appliance Co's value of 4.51 is 257.9% above this industry median. Based on the distribution chart, Shanghai Flyco Electrical Appliance Co ranks #1126 out of 1267 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Shanghai Flyco Electrical Appliance Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Flyco Electrical Appliance Co's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Shanghai Flyco Electrical Appliance Co ranks #1126 out of 1267 companies for Cyclically Adjusted PB Ratio. This places Shanghai Flyco Electrical Appliance Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Shanghai Flyco Electrical Appliance Co's value of 4.51 is 257.9% above this benchmark. Historically, Shanghai Flyco Electrical Appliance Co's own Cyclically Adjusted PB Ratio has ranged from 4.26 to 8.52 over the past decade. While the company's 10-year median is 5.76 vs. the industry median of 1.26, Shanghai Flyco Electrical Appliance 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 1.26, based on 1,267 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. Shanghai Flyco Electrical Appliance Co's current Cyclically Adjusted PB Ratio of 4.51 is 257.9% 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 Shanghai Flyco Electrical Appliance Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Flyco Electrical Appliance Co's current Cyclically Adjusted PB Ratio is 4.51, which is 22% below median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Flyco Electrical Appliance Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Flyco Electrical Appliance Co (SHSE:603868) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥35.34, compared to a current price of ¥30.79 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.51, which is 22% below median its 10-year median of 5.76 and 257.9% above the Consumer Packaged Goods industry median of 1.26. Shanghai Flyco Electrical Appliance Co's overall GF Score™ is 89/100 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 Shanghai Flyco Electrical Appliance Co (SHSE:603868), the current Cyclically Adjusted PB Ratio is 4.51 as of Aug. 31, 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 Shanghai Flyco Electrical Appliance Co (SHSE:603868) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Flyco Electrical Appliance Co stock appears to be undervalued. The current stock price of ¥30.79 is trading 12.9% below its estimated GF Value™ of ¥35.34. GuruFocus considers Shanghai Flyco Electrical Appliance Co to be Modestly Undervalued.

Key valuation signals for SHSE:603868:

  • Cyclically Adjusted PB Ratio: 4.51 (22% below median its 10-year median of 5.76)
  • GF Value™: ¥35.34 vs. price of ¥30.79 (12.9% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 257.9% above the Consumer Packaged Goods median (#1126 of 1267)

No single metric tells the full story. See the SHSE:603868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Flyco Electrical Appliance Co Business Description

Address No. 555, Guangfulin East Road, Songjiang District, Shanghai, CHN, 201603
Shanghai Flyco Electrical Appliance Co Ltd is a China-based company engaged in the manufacturing and marketing of shaver and personal care electrical appliances. Its product portfolio comprises of the shaver, hair drier, hair clipper, hair straightener, hair curler, electric iron, garment steamer, lint remover, nose hair trimmer, robot vacuum cleaner and others. The company's products are sold in China and other countries.
89GF Score

Get the complete analysis for SHSE:603868

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

¥30.79
Price
¥35.34
GF Value