Shanghai Lingang Holdings (SHSE:900928) Cyclically Adjusted PB Ratio: 1.21 (As of Sep. 13, 2026) — 73% Below Median

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:900928 Shanghai Lingang Holdings Corp Ltd SHSE:900928
48 GF Score
Price $0.57
GF Value $0.83
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Shanghai Lingang Holdings Cyclically Adjusted PB Ratio?

Shanghai Lingang Holdings SHSE:900928 +0.53% 48 Cyclically Adjusted PB Ratio is 1.21 as of Sep. 13, 2026, which is 73% below its 10-year median of 4.55. GuruFocus rates SHSE:900928 with a GF Score™ of 48/100 and a GF Value™ of $0.83 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,301 Real Estate companies, Shanghai Lingang Holdings ranks worse than 77.4% on this metric.

As of today (2026-09-13), Shanghai Lingang Holdings's current share price is $0.568. Shanghai Lingang Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.47. Shanghai Lingang Holdings's Cyclically Adjusted PB Ratio for today is 1.21.

The historical rank and industry rank for Shanghai Lingang Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:900928' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 4.55   Max: 25.21
Current: 1.39

During the past years, Shanghai Lingang Holdings's highest Cyclically Adjusted PB Ratio was 25.21. The lowest was 1.24. And the median was 4.55.

SHSE:900928's Cyclically Adjusted PB Ratio is ranked worse than
77.4% of 1301 companies
in the Real Estate industry
Industry Median: 0.66 vs SHSE:900928: 1.39

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.

Shanghai Lingang Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was $0.980. 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 $0.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Lingang Holdings  (SHSE:900928) 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.


Shanghai Lingang Holdings Cyclically Adjusted PB Ratio Related Terms


Shanghai Lingang Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Lingang Holdings'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.

Shanghai Lingang Holdings Cyclically Adjusted PB Ratio Chart

Shanghai Lingang Holdings 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 4.07 2.78 2.05 1.85 1.97

Shanghai Lingang Holdings 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 1.57 1.96 1.97 1.65 1.22

SHSE:900928 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Shanghai Lingang Holdings'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.


Shanghai Lingang Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Lingang Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Lingang Holdings's Cyclically Adjusted PB Ratio falls into.


SHSE:900928
48GF Score
Shanghai Lingang Holdings Corp Ltd SHSE:900928
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Lingang Holdings 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.

Shanghai Lingang Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.568/0.47
=1.21

* 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.

Shanghai Lingang Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shanghai Lingang Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.98/116.0564*116.0564
=0.980

Current CPI (Jun. 2026) = 116.0564.

Shanghai Lingang Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.458 102.400 0.519
201612 0.622 102.600 0.704
201703 0.665 103.200 0.748
201706 0.688 103.100 0.774
201709 0.724 104.100 0.807
201712 0.735 104.500 0.816
201803 0.774 105.300 0.853
201806 0.752 104.900 0.832
201809 0.729 106.600 0.794
201812 1.077 106.500 1.174
201903 0.765 107.700 0.824
201906 0.898 107.700 0.968
201909 0.488 109.800 0.516
201912 0.770 111.200 0.804
202003 0.781 112.300 0.807
202006 0.779 110.400 0.819
202009 0.834 111.700 0.867
202012 0.882 111.500 0.918
202103 0.906 112.662 0.933
202106 0.916 111.769 0.951
202109 0.933 112.215 0.965
202112 1.140 113.108 1.170
202203 0.979 114.335 0.994
202206 0.902 114.558 0.914
202209 0.869 115.339 0.874
202212 0.868 115.116 0.875
202303 0.994 115.116 1.002
202306 0.944 114.558 0.956
202309 0.938 115.339 0.944
202312 0.886 114.781 0.896
202403 1.033 115.227 1.040
202406 1.004 114.781 1.015
202409 1.047 115.785 1.049
202412 0.918 114.893 0.927
202503 0.895 115.116 0.902
202506 0.881 114.907 0.890
202509 0.929 115.471 0.934
202512 0.940 115.832 0.942
202603 0.965 116.303 0.963
202606 0.980 116.056 0.980

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 1.21 mean?
Shanghai Lingang Holdings (SHSE:900928) has a Cyclically Adjusted PB Ratio of 1.21 as of Sep. 13, 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 Shanghai Lingang Holdings and its competitors. This is 73% below median its historical median of 4.55. Over the past decade, Shanghai Lingang Holdings' Cyclically Adjusted PB Ratio has ranged from 1.24 to 25.21. According to the industry distribution chart, Shanghai Lingang Holdings ranks #1007 out of 1301 companies in the Real Estate industry, placing it in the top 77.4%.
Is Shanghai Lingang Holdings' Cyclically Adjusted PB Ratio too high?
Shanghai Lingang Holdings' current Cyclically Adjusted PB Ratio of 1.21 is 73% below median its 10-year median of 4.55. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 25.21. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Shanghai Lingang Holdings' value of 1.21 is 83.3% above this industry median. Based on the distribution chart, Shanghai Lingang Holdings ranks #1007 out of 1301 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Shanghai Lingang Holdings has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai Lingang Holdings' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Lingang Holdings ranks #1007 out of 1301 companies for Cyclically Adjusted PB Ratio. This places Shanghai Lingang Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. Shanghai Lingang Holdings' value of 1.21 is 83.3% above this benchmark. Historically, Shanghai Lingang Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.24 to 25.21 over the past decade. While the company's 10-year median is 4.55 vs. the industry median of 0.66, Shanghai Lingang Holdings 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.66, based on 1,301 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. Shanghai Lingang Holdings's current Cyclically Adjusted PB Ratio of 1.21 is 83.3% 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 Shanghai Lingang Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Lingang Holdings's current Cyclically Adjusted PB Ratio is 1.21, which is 73% below median its own 10-year median of 4.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Lingang Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Lingang Holdings (SHSE:900928) is currently considered Possible Value Trap. The stock's GF Value™ is $0.83, compared to a current price of $0.57 — trading 31.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is 73% below median its 10-year median of 4.55 and 83.3% above the Real Estate industry median of 0.66. Shanghai Lingang Holdings' overall GF Score™ is 48/100 with 8 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 Shanghai Lingang Holdings (SHSE:900928), the current Cyclically Adjusted PB Ratio is 1.21 as of Sep. 13, 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 Shanghai Lingang Holdings (SHSE:900928) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Lingang Holdings stock appears to be undervalued. The current stock price of $0.57 is trading 31.6% below its estimated GF Value™ of $0.83. GuruFocus considers Shanghai Lingang Holdings to be Possible Value Trap.

Key valuation signals for SHSE:900928:

  • Cyclically Adjusted PB Ratio: 1.21 (73% below median its 10-year median of 4.55)
  • GF Value™: $0.83 vs. price of $0.57 (31.6% below fair value)
  • GF Score™: 48/100 with 8 warning signs
  • Industry Position: 83.3% above the Real Estate median (#1007 of 1301)

No single metric tells the full story. See the SHSE:900928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Lingang Holdings Business Description

Other Exchanges 600848:China
Address No. 1515 Haigang Avenue, 9th Floor, T2 Building, Chuangjing Technology Center, Pudong New Area, Shanghai, CHN, 201306
Shanghai Lingang Holdings Corp Ltd is a real estate company. It provides operations and production services for industrial carriers, park development, and other integrated park services. The types of industrial carriers developed include R&D buildings, headquarters commercial buildings, and bonded logistics warehouses.
48GF Score

Get the complete analysis for SHSE:900928

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

$0.57
Price
$0.83
GF Value