Beijing Kingsoft Office Software (SHSE:688111) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:688111 Beijing Kingsoft Office Software Inc SHSE:688111
88 GF Score
Price ¥223.59
GF Value ¥378.02
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Beijing Kingsoft Office Software Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Kingsoft Office Software  (SHSE:688111) 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.


Beijing Kingsoft Office Software Cyclically Adjusted PB Ratio Related Terms


Beijing Kingsoft Office Software Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijing Kingsoft Office Software'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.

Beijing Kingsoft Office Software Cyclically Adjusted PB Ratio Chart

Beijing Kingsoft Office Software 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 - - - - 20.79

Beijing Kingsoft Office Software 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 - - 20.79 15.75 14.40

SHSE:688111 vs CRM, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Beijing Kingsoft Office Software'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.


Beijing Kingsoft Office Software Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Beijing Kingsoft Office Software's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Kingsoft Office Software's Cyclically Adjusted PB Ratio falls into.


SHSE:688111
88GF Score
Beijing Kingsoft Office Software Inc SHSE:688111
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Beijing Kingsoft Office Software 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.

Beijing Kingsoft Office Software's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Beijing Kingsoft Office Software's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=27.79/115.8323*115.8323
=27.790

Current CPI (Dec25) = 115.8323.

Beijing Kingsoft Office Software Annual Data

Book Value per Share CPI Adj_Book
201612 1.770 102.600 1.998
201712 2.254 104.500 2.498
201812 2.587 106.500 2.814
201912 13.164 111.200 13.712
202012 14.943 111.500 15.524
202112 16.877 113.108 17.284
202212 19.082 115.116 19.201
202312 21.700 114.781 21.899
202412 24.769 114.893 24.972
202512 27.790 115.832 27.790

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.

Is Beijing Kingsoft Office Software (SHSE:688111) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Kingsoft Office Software stock appears to be undervalued. The current stock price of ¥223.59 is trading 40.9% below its estimated GF Value™ of ¥378.02. GuruFocus considers Beijing Kingsoft Office Software to be Significantly Undervalued.

Key valuation signals for SHSE:688111:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ¥378.02 vs. price of ¥223.59 (40.9% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijing Kingsoft Office Software Business Description

Address No. 33, Xiaoying West Road, 2nd Floor, Kingsoft Software Building, Haidian District, Beijing, CHN, 100085
Beijing Kingsoft Office Software Inc is engaged in the design, development, sales, and promotion of WPS Office office software products and services. The Company's products are compatible with many operating systems, including Windows, Linux, macOS, Android, and iOS.
88GF Score

Get the complete analysis for SHSE:688111

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

¥223.59
Price
¥378.02
GF Value