Zhejiang Haiyan Liyuan Environmental Protection Technology Co (SHSE:688565) Cyclically Adjusted PB Ratio: 3.30 (As of Aug. 20, 2026) — Near Median

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SHSE:688565 Zhejiang Haiyan Liyuan Environmental Protection Technology Co Ltd SHSE:688565
63 GF Score
Price ¥11.06
GF Value ¥7.31
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Zhejiang Haiyan Liyuan Environmental Protection Technology Co Cyclically Adjusted PB Ratio?

Zhejiang Haiyan Liyuan Environmental Protection Technology Co SHSE:688565 +2.98% 63 Cyclically Adjusted PB Ratio is 3.30 as of Aug. 20, 2026, which is 9% above its 10-year median of 3.04. GuruFocus rates SHSE:688565 with a GF Score™ of 63/100 and a GF Value™ of ¥7.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,167 Industrial Products companies, Zhejiang Haiyan Liyuan Environmental Protection Technology Co ranks worse than 65.25% on this metric.

As of today (2026-08-20), Zhejiang Haiyan Liyuan Environmental Protection Technology Co's current share price is ¥11.06. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ¥3.35. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio for today is 3.30.

The historical rank and industry rank for Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:688565' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 3.04   Max: 4.51
Current: 3.29

During the past years, Zhejiang Haiyan Liyuan Environmental Protection Technology Co's highest Cyclically Adjusted PB Ratio was 4.51. The lowest was 1.74. And the median was 3.04.

SHSE:688565's Cyclically Adjusted PB Ratio is ranked worse than
65.25% of 2167 companies
in the Industrial Products industry
Industry Median: 2.16 vs SHSE:688565: 3.29

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.

Zhejiang Haiyan Liyuan Environmental Protection Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was ¥3.321. 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 ¥3.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Haiyan Liyuan Environmental Protection Technology Co  (SHSE:688565) 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.


Zhejiang Haiyan Liyuan Environmental Protection Technology Co Cyclically Adjusted PB Ratio Related Terms


Zhejiang Haiyan Liyuan Environmental Protection Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zhejiang Haiyan Liyuan Environmental Protection Technology 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.

Zhejiang Haiyan Liyuan Environmental Protection Technology Co Cyclically Adjusted PB Ratio Chart

Zhejiang Haiyan Liyuan Environmental Protection Technology 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 1.90 3.41

Zhejiang Haiyan Liyuan Environmental Protection Technology 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 2.18 2.90 3.21 3.41 3.93

SHSE:688565 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Zhejiang Haiyan Liyuan Environmental Protection Technology 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.


Zhejiang Haiyan Liyuan Environmental Protection Technology Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio falls into.


SHSE:688565
63GF Score
Zhejiang Haiyan Liyuan Environmental Protection Technology Co Ltd SHSE:688565
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Haiyan Liyuan Environmental Protection Technology 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.

Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.06/3.35
=3.30

* 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.

Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Zhejiang Haiyan Liyuan Environmental Protection Technology 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)
=3.321/116.3033*116.3033
=3.321

Current CPI (Mar. 2026) = 116.3033.

Zhejiang Haiyan Liyuan Environmental Protection Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 1.707 100.600 1.973
201606 1.749 101.400 2.006
201612 1.939 102.600 2.198
201703 0.000 103.200 0.000
201706 2.031 103.100 2.291
201709 0.000 104.100 0.000
201712 2.522 104.500 2.807
201803 2.714 105.300 2.998
201806 2.878 104.900 3.191
201809 2.819 106.600 3.076
201812 3.002 106.500 3.278
201903 3.014 107.700 3.255
201906 3.175 107.700 3.429
201909 3.275 109.800 3.469
201912 3.381 111.200 3.536
202003 0.000 112.300 0.000
202006 3.263 110.400 3.437
202009 3.518 111.700 3.663
202012 3.726 111.500 3.887
202103 2.798 112.662 2.888
202106 4.173 111.769 4.342
202109 4.180 112.215 4.332
202112 4.210 113.108 4.329
202203 4.036 114.335 4.105
202206 3.969 114.558 4.029
202209 3.919 115.339 3.952
202212 3.680 115.116 3.718
202303 3.674 115.116 3.712
202306 3.661 114.558 3.717
202309 3.541 115.339 3.571
202312 3.188 114.781 3.230
202403 3.193 115.227 3.223
202406 3.177 114.781 3.219
202409 3.071 115.785 3.085
202412 3.210 114.893 3.249
202503 3.277 115.116 3.311
202506 3.273 114.907 3.313
202509 3.286 115.471 3.310
202512 3.317 115.832 3.330
202603 3.321 116.303 3.321

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 3.30 mean?
Zhejiang Haiyan Liyuan Environmental Protection Technology Co (SHSE:688565) has a Cyclically Adjusted PB Ratio of 3.30 as of Aug. 20, 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 Zhejiang Haiyan Liyuan Environmental Protection Technology Co and its competitors. This is near median its historical median of 3.04. Over the past decade, Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio has ranged from 1.74 to 4.51. According to the industry distribution chart, Zhejiang Haiyan Liyuan Environmental Protection Technology Co ranks #1414 out of 2167 companies in the Industrial Products industry, placing it in the top 65.3%.
Is Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio too high?
Zhejiang Haiyan Liyuan Environmental Protection Technology Co's current Cyclically Adjusted PB Ratio of 3.30 is near median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 4.51. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's value of 3.30 is 52.8% above this industry median. Based on the distribution chart, Zhejiang Haiyan Liyuan Environmental Protection Technology Co ranks #1414 out of 2167 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zhejiang Haiyan Liyuan Environmental Protection Technology Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Haiyan Liyuan Environmental Protection Technology Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Haiyan Liyuan Environmental Protection Technology Co ranks #1414 out of 2167 companies for Cyclically Adjusted PB Ratio. This places Zhejiang Haiyan Liyuan Environmental Protection Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's value of 3.30 is 52.8% above this benchmark. Historically, Zhejiang Haiyan Liyuan Environmental Protection Technology Co's own Cyclically Adjusted PB Ratio has ranged from 1.74 to 4.51 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 2.16, Zhejiang Haiyan Liyuan Environmental Protection Technology 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.16, based on 2,167 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. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's current Cyclically Adjusted PB Ratio of 3.30 is 52.8% 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 Zhejiang Haiyan Liyuan Environmental Protection Technology Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's current Cyclically Adjusted PB Ratio is 3.30, which is near median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Haiyan Liyuan Environmental Protection Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Haiyan Liyuan Environmental Protection Technology Co (SHSE:688565) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.31, compared to a current price of ¥11.06 — trading 51.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.30, which is near median its 10-year median of 3.04 and 52.8% above the Industrial Products industry median of 2.16. Zhejiang Haiyan Liyuan Environmental Protection Technology Co's overall GF Score™ is 63/100 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 Zhejiang Haiyan Liyuan Environmental Protection Technology Co (SHSE:688565), the current Cyclically Adjusted PB Ratio is 3.30 as of Aug. 20, 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 Zhejiang Haiyan Liyuan Environmental Protection Technology Co (SHSE:688565) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Haiyan Liyuan Environmental Protection Technology Co stock appears to be overvalued. The current stock price of ¥11.06 is trading 51.3% above its estimated GF Value™ of ¥7.31. GuruFocus considers Zhejiang Haiyan Liyuan Environmental Protection Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:688565:

  • Cyclically Adjusted PB Ratio: 3.30 (near median its 10-year median of 3.04)
  • GF Value™: ¥7.31 vs. price of ¥11.06 (51.3% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 52.8% above the Industrial Products median (#1414 of 2167)

No single metric tells the full story. See the SHSE:688565 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Haiyan Liyuan Environmental Protection Technology Co Business Description

Address No.585, Chang'an North Road, Wuyuan Street, Haiyan County, Zhejiang Province, Jiaxing, CHN, 314300
Zhejiang Haiyan Liyuan Environmental Protection Technology Co Ltd is engaged in the research and development, design and integration of water treatment system equipment for nuclear power plants, thermal power plants, metallurgy, chemical and other industrial enterprises and municipal industries.
63GF Score

Get the complete analysis for SHSE:688565

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

¥11.06
Price
¥7.31
GF Value