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Jinko Solar Co (SHSE:688223) Cyclically Adjusted PB Ratio : 1.90 (As of Jun. 04, 2025)


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What is Jinko Solar Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Jinko Solar Co's current share price is ¥5.16. Jinko Solar Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥2.71. Jinko Solar Co's Cyclically Adjusted PB Ratio for today is 1.90.

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

SHSE:688223' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 4   Max: 9.45
Current: 1.92

During the past years, Jinko Solar Co's highest Cyclically Adjusted PB Ratio was 9.45. The lowest was 1.92. And the median was 4.00.

SHSE:688223's Cyclically Adjusted PB Ratio is ranked better than
50.91% of 713 companies
in the Semiconductors industry
Industry Median: 1.96 vs SHSE:688223: 1.92

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.

Jinko Solar Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥3.091. 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 ¥2.71 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinko Solar Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jinko Solar 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.

* Premium members only.

Jinko Solar Co Cyclically Adjusted PB Ratio Chart

Jinko Solar Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.99 3.62 2.66

Jinko Solar Co Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.26 2.74 3.31 2.66 2.39

Competitive Comparison of Jinko Solar Co's Cyclically Adjusted PB Ratio

For the Solar subindustry, Jinko Solar 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.


Jinko Solar Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Jinko Solar Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Jinko Solar 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.16/2.71
=1.90

* 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.

Jinko Solar Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Jinko Solar Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.091/115.1156*115.1156
=3.091

Current CPI (Mar. 2025) = 115.1156.

Jinko Solar Co Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 93.495 0.000
201209 0.000 94.482 0.000
201212 0.000 95.237 0.000
201303 0.000 96.372 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201512 0.000 100.600 0.000
201603 0.000 102.200 0.000
201606 0.000 101.400 0.000
201609 0.000 102.400 0.000
201612 0.000 102.600 0.000
201703 0.000 103.200 0.000
201706 0.000 103.100 0.000
201709 0.000 104.100 0.000
201712 0.000 104.500 0.000
201803 0.000 105.300 0.000
201806 0.000 104.900 0.000
201809 0.000 106.600 0.000
201812 0.000 106.500 0.000
201903 0.000 107.700 0.000
201912 0.000 111.200 0.000
202009 0.000 111.700 0.000
202012 1.564 111.500 1.615
202103 0.000 112.662 0.000
202106 1.630 111.769 1.679
202109 1.651 112.215 1.694
202112 1.694 113.108 1.724
202203 2.382 114.335 2.398
202206 2.440 114.558 2.452
202209 2.544 115.339 2.539
202212 2.669 115.116 2.669
202303 2.840 115.116 2.840
202306 3.097 114.558 3.112
202309 3.320 115.339 3.314
202312 3.434 114.781 3.444
202403 3.556 115.227 3.553
202406 3.340 114.781 3.350
202409 3.327 115.785 3.308
202412 3.229 114.893 3.235
202503 3.091 115.116 3.091

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.


Jinko Solar Co  (SHSE:688223) 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.


Jinko Solar Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Jinko Solar Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Jinko Solar Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000
Jinko Solar is the largest Chinese solar module manufacturer by global shipment in 2024. Jinko's products are distributed across nearly 200 countries and regions. The company operates a vertically integrated production process, spanning from solar wafer and cell manufacturing to module production. Jinko's N-type cell capacity is industry-leading in scale.

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