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Ningbo Deye TechnologySHSE:605117 +0.20%90 Cyclically Adjusted PB Ratio is 30.65 as of Sep. 04, 2026, which is 16% above its 10-year median of 26.47. GuruFocus rates SHSE:605117 with a GF Score™ of 90/100 and a GF Value™ of ¥85.02 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,105 Industrial Products companies, Ningbo Deye Technology ranks worse than 99.24% on this metric.
The historical rank and industry rank for Ningbo Deye Technology's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:605117'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 21.27 Med: 26.47 Max: 35.64
Current: 30.63
During the past 10 years, Ningbo Deye Technology's highest Cyclically Adjusted PB Ratio was 35.64. The lowest was 21.27. And the median was 26.47.
SHSE:605117's Cyclically Adjusted PB Ratio is ranked worse than 99.24% of 2105
companies
in the Industrial Products industry
Industry Median: 2.15
vs SHSE:605117: 30.63
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.
Ningbo Deye Technology's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥8.105. 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 ¥2.82 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ningbo Deye Technology (SHSE:605117) 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.
Ningbo Deye Technology Cyclically Adjusted PB Ratio Related Terms
Ningbo Deye Technology Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Ningbo Deye Technology'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.
Ningbo Deye Technology Cyclically Adjusted PB Ratio Chart
SHSE:605117 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Deye Technology'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.
Ningbo Deye Technology Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Deye Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Deye Technology's Cyclically Adjusted PB Ratio falls into.
Ningbo Deye Technology 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.
* 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.
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 30.65 mean?
Ningbo Deye Technology (SHSE:605117) has a Cyclically Adjusted PB Ratio of 30.65 as of Sep. 04, 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 Ningbo Deye Technology and its competitors. This is 16% above median its historical median of 26.47. Over the past decade, Ningbo Deye Technology's Cyclically Adjusted PB Ratio has ranged from 21.27 to 35.64. According to the industry distribution chart, Ningbo Deye Technology ranks #2089 out of 2105 companies in the Industrial Products industry, placing it in the top 99.2%.
Is Ningbo Deye Technology's Cyclically Adjusted PB Ratio too high?
Ningbo Deye Technology's current Cyclically Adjusted PB Ratio of 30.65 is 16% above median its 10-year median of 26.47. Over the past 10 years, this metric has ranged from a low of 21.27 to a high of 35.64. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. Ningbo Deye Technology's value of 30.65 is 1325.6% above this industry median. Based on the distribution chart, Ningbo Deye Technology ranks #2089 out of 2105 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ningbo Deye Technology has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Deye Technology ranks #2089 out of 2105 companies for Cyclically Adjusted PB Ratio. This places Ningbo Deye Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.15. Ningbo Deye Technology's value of 30.65 is 1325.6% above this benchmark. Historically, Ningbo Deye Technology's own Cyclically Adjusted PB Ratio has ranged from 21.27 to 35.64 over the past decade. While the company's 10-year median is 26.47 vs. the industry median of 2.15, Ningbo Deye Technology 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 2.15, based on 2,105 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. Ningbo Deye Technology's current Cyclically Adjusted PB Ratio of 30.65 is 1325.6% 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 Ningbo Deye Technology and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Deye Technology's current Cyclically Adjusted PB Ratio is 30.65, which is 16% above median its own 10-year median of 26.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Fairly Valued. The stock's GF Value™ is ¥85.02, compared to a current price of ¥86.42 — trading 1.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 30.65, which is 16% above median its 10-year median of 26.47 and 1325.6% above the Industrial Products industry median of 2.15. Ningbo Deye Technology's overall GF Score™ is 90/100 with 3 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 Ningbo Deye Technology (SHSE:605117), the current Cyclically Adjusted PB Ratio is 30.65 as of Sep. 04, 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 Ningbo Deye Technology (SHSE:605117) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued.
The current stock price of ¥86.42 is trading 1.6% above its estimated GF Value™ of ¥85.02.
GuruFocus considers Ningbo Deye Technology to be Fairly Valued.
Key valuation signals for SHSE:605117:
Cyclically Adjusted PB Ratio: 30.65 (16% above median its 10-year median of 26.47)
GF Value™: ¥85.02 vs. price of ¥86.42 (1.6% above fair value)
Industry Position: 1325.6% above the Industrial Products median (#2089 of 2105)
No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
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