Ganso Co (SHSE:603886) Cyclically Adjusted PB Ratio: 2.00 (As of Aug. 23, 2026) — 11% Below Median

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SHSE:603886 Ganso Co Ltd SHSE:603886
76 GF Score
Price ¥12.09
GF Value ¥14.19
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Ganso Co Cyclically Adjusted PB Ratio?

Ganso Co SHSE:603886 -2.18% 76 Cyclically Adjusted PB Ratio is 2.00 as of Aug. 23, 2026, which is 11% below its 10-year median of 2.24. GuruFocus rates SHSE:603886 with a GF Score™ of 76/100 and a GF Value™ of ¥14.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 224 Retail - Defensive companies, Ganso Co ranks worse than 59.82% on this metric.

As of today (2026-08-23), Ganso Co's current share price is ¥12.09. Ganso Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥6.05. Ganso Co's Cyclically Adjusted PB Ratio for today is 2.00.

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

SHSE:603886' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.24   Max: 2.7
Current: 2

During the past years, Ganso Co's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 1.60. And the median was 2.24.

SHSE:603886's Cyclically Adjusted PB Ratio is ranked worse than
59.82% of 224 companies
in the Retail - Defensive industry
Industry Median: 1.62 vs SHSE:603886: 2.00

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.

Ganso Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥6.177. 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 ¥6.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ganso Co  (SHSE:603886) 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.


Ganso Co Cyclically Adjusted PB Ratio Related Terms


Ganso Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ganso 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.

Ganso Co Cyclically Adjusted PB Ratio Chart

Ganso 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 2.54 2.32

Ganso Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.40 2.23 2.03 2.32 2.06

SHSE:603886 vs KR: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Ganso 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.


Ganso Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ganso Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SHSE:603886
76GF Score
Ganso Co Ltd SHSE:603886
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ganso 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.09/6.05
=2.00

* 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.

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

For example, Ganso Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.177/116.3033*116.3033
=6.177

Current CPI (Mar. 2026) = 116.3033.

Ganso Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.859 101.400 2.132
201609 2.151 102.400 2.443
201612 4.452 102.600 5.047
201703 4.474 103.200 5.042
201706 4.253 103.100 4.798
201709 5.041 104.100 5.632
201712 5.079 104.500 5.653
201803 4.993 105.300 5.515
201806 4.703 104.900 5.214
201809 5.666 106.600 6.182
201812 5.827 106.500 6.363
201903 5.797 107.700 6.260
201906 5.313 107.700 5.737
201909 6.325 109.800 6.700
201912 6.191 111.200 6.475
202003 6.075 112.300 6.292
202006 5.110 110.400 5.383
202009 6.215 111.700 6.471
202012 6.240 111.500 6.509
202103 6.243 112.662 6.445
202106 5.490 111.769 5.713
202109 6.615 112.215 6.856
202112 6.653 113.108 6.841
202203 6.554 114.335 6.667
202206 5.902 114.558 5.992
202209 6.884 115.339 6.942
202212 6.757 115.116 6.827
202303 6.716 115.116 6.785
202306 5.969 114.558 6.060
202309 7.014 115.339 7.073
202312 6.917 114.781 7.009
202403 6.871 115.227 6.935
202406 6.039 114.781 6.119
202409 6.964 115.785 6.995
202412 6.900 114.893 6.985
202503 6.789 115.116 6.859
202506 5.948 114.907 6.020
202509 6.466 115.471 6.513
202512 6.483 115.832 6.509
202603 6.177 116.303 6.177

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 2.00 mean?
Ganso Co (SHSE:603886) has a Cyclically Adjusted PB Ratio of 2.00 as of Aug. 23, 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 Ganso Co and its competitors. This is 11% below median its historical median of 2.24. Over the past decade, Ganso Co's Cyclically Adjusted PB Ratio has ranged from 1.60 to 2.70. According to the industry distribution chart, Ganso Co ranks #134 out of 224 companies in the Retail - Defensive industry, placing it in the top 59.8%.
Is Ganso Co's Cyclically Adjusted PB Ratio too high?
Ganso Co's current Cyclically Adjusted PB Ratio of 2.00 is 11% below median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 2.70. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.62. Ganso Co's value of 2.00 is 23.5% above this industry median. Based on the distribution chart, Ganso Co ranks #134 out of 224 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Ganso Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ganso Co's Cyclically Adjusted PB Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, Ganso Co ranks #134 out of 224 companies for Cyclically Adjusted PB Ratio. This places Ganso Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Ganso Co's value of 2.00 is 23.5% above this benchmark. Historically, Ganso Co's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 2.70 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 1.62, Ganso 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.62, based on 224 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. Ganso Co's current Cyclically Adjusted PB Ratio of 2.00 is 23.5% 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 Ganso Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ganso Co's current Cyclically Adjusted PB Ratio is 2.00, which is 11% below median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ganso Co stock overvalued right now?
Based on GuruFocus' analysis, Ganso Co (SHSE:603886) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.19, compared to a current price of ¥12.09 — trading 14.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is 11% below median its 10-year median of 2.24 and 23.5% above the Retail - Defensive industry median of 1.62. Ganso Co's overall GF Score™ is 76/100 with 7 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 Ganso Co (SHSE:603886), the current Cyclically Adjusted PB Ratio is 2.00 as of Aug. 23, 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 Ganso Co (SHSE:603886) Overvalued in 2026?

Based on GuruFocus' analysis, Ganso Co stock appears to be undervalued. The current stock price of ¥12.09 is trading 14.8% below its estimated GF Value™ of ¥14.19. GuruFocus considers Ganso Co to be Modestly Undervalued.

Key valuation signals for SHSE:603886:

  • Cyclically Adjusted PB Ratio: 2.00 (11% below median its 10-year median of 2.24)
  • GF Value™: ¥14.19 vs. price of ¥12.09 (14.8% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 23.5% above the Retail - Defensive median (#134 of 224)

No single metric tells the full story. See the SHSE:603886 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ganso Co Business Description

Address No. 6088 Jiasong Middle Road, Qingpu District, Zhaoxiang Town, Shanghai, CHN, 201703
Ganso Co Ltd is a China based company, operates in the food manufacturing business. It is engaged in manufacturing and retailing of pastries.
76GF Score

Get the complete analysis for SHSE:603886

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

¥12.09
Price
¥14.19
GF Value