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Xiamen Leading Optics CoSHSE:605118 -2.57%89 Cyclically Adjusted PB Ratio is 12.85 as of Sep. 10, 2026, which is 21% below its 10-year median of 16.23. GuruFocus rates SHSE:605118 with a GF Score™ of 89/100 and a GF Value™ of ¥32.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,929 Hardware companies, Xiamen Leading Optics Co ranks worse than 94.4% on this metric.
The historical rank and industry rank for Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
SHSE:605118'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.72 Med: 16.23 Max: 17.22
Current: 13.18
During the past 10 years, Xiamen Leading Optics Co's highest Cyclically Adjusted PB Ratio was 17.22. The lowest was 11.72. And the median was 16.23.
SHSE:605118's Cyclically Adjusted PB Ratio is ranked worse than 94.4% of 1929
companies
in the Hardware industry
Industry Median: 2.06
vs SHSE:605118: 13.18
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.
Xiamen Leading Optics Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥3.740. 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 ¥2.57 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Xiamen Leading Optics Co (SHSE:605118) 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.
Xiamen Leading Optics Co Cyclically Adjusted PB Ratio Related Terms
Xiamen Leading Optics Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Xiamen Leading Optics 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.
Xiamen Leading Optics Co Cyclically Adjusted PB Ratio Chart
SHSE:605118 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison
For the Electronic Components subindustry, Xiamen Leading Optics 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.
Xiamen Leading Optics Co Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio falls into.
Xiamen Leading Optics 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.
* 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 12.85 mean?
Xiamen Leading Optics Co (SHSE:605118) has a Cyclically Adjusted PB Ratio of 12.85 as of Sep. 10, 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 Xiamen Leading Optics Co and its competitors. This is 21% below median its historical median of 16.23. Over the past decade, Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio has ranged from 11.72 to 17.22. According to the industry distribution chart, Xiamen Leading Optics Co ranks #1821 out of 1929 companies in the Hardware industry, placing it in the top 94.4%.
Is Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio too high?
Xiamen Leading Optics Co's current Cyclically Adjusted PB Ratio of 12.85 is 21% below median its 10-year median of 16.23. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 17.22. The Hardware industry median Cyclically Adjusted PB Ratio is 2.06. Xiamen Leading Optics Co's value of 12.85 is 523.8% above this industry median. Based on the distribution chart, Xiamen Leading Optics Co ranks #1821 out of 1929 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Xiamen Leading Optics Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xiamen Leading Optics Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Xiamen Leading Optics Co ranks #1821 out of 1929 companies for Cyclically Adjusted PB Ratio. This places Xiamen Leading Optics Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.06. Xiamen Leading Optics Co's value of 12.85 is 523.8% above this benchmark. Historically, Xiamen Leading Optics Co's own Cyclically Adjusted PB Ratio has ranged from 11.72 to 17.22 over the past decade. While the company's 10-year median is 16.23 vs. the industry median of 2.06, Xiamen Leading Optics 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.06, based on 1,929 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. Xiamen Leading Optics Co's current Cyclically Adjusted PB Ratio of 12.85 is 523.8% 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 Xiamen Leading Optics Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xiamen Leading Optics Co's current Cyclically Adjusted PB Ratio is 12.85, which is 21% below median its own 10-year median of 16.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Leading Optics Co stock overvalued right now?
Based on GuruFocus' analysis, Xiamen Leading Optics Co (SHSE:605118) is currently considered Fairly Valued. The stock's GF Value™ is ¥32.42, compared to a current price of ¥33.03 — trading 1.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.85, which is 21% below median its 10-year median of 16.23 and 523.8% above the Hardware industry median of 2.06. Xiamen Leading Optics Co's overall GF Score™ is 89/100 with 4 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 Xiamen Leading Optics Co (SHSE:605118), the current Cyclically Adjusted PB Ratio is 12.85 as of Sep. 10, 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 Xiamen Leading Optics Co (SHSE:605118) Overvalued in 2026?
Based on GuruFocus' analysis, Xiamen Leading Optics Co stock appears to be overvalued.
The current stock price of ¥33.03 is trading 1.9% above its estimated GF Value™ of ¥32.42.
GuruFocus considers Xiamen Leading Optics Co to be Fairly Valued.
Key valuation signals for SHSE:605118:
Cyclically Adjusted PB Ratio: 12.85 (21% below median its 10-year median of 16.23)
GF Value™: ¥32.42 vs. price of ¥33.03 (1.9% above fair value)
Industry Position: 523.8% above the Hardware median (#1821 of 1929)
No single metric tells the full story. See the SHSE:605118 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xiamen Leading Optics Co Ltd is engaged in design, production and sales of optical lenses. The company's products include Surveillance Lens; Automotives Lens; Machine Vision Lens; ITS Lens; Low Distortion Lens; Consumer Imaging; and Panoramic Lens. Its products are used in multiple fields of application including security surveillance, medical and biological studies and researches, intelligent traffic systems, video conference, intelligent home security, sports camera and many more.
89GF Score
Get the complete analysis for SHSE:605118
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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