Baozun (STU:2BZ) Cyclically Adjusted PB Ratio: 0.33 (As of Aug. 17, 2026) — Near Median

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STU:2BZ Baozun Inc STU:2BZ
74 GF Score
Price €0.79
GF Value €0.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Baozun Cyclically Adjusted PB Ratio?

Baozun STU:2BZ -0.25% 74 Cyclically Adjusted PB Ratio is 0.33 as of Aug. 17, 2026, which is 6% below its 10-year median of 0.35. GuruFocus rates STU:2BZ with a GF Score™ of 74/100 and a GF Value™ of €0.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 792 Retail - Cyclical companies, Baozun ranks better than 85.86% on this metric.

As of today (2026-08-17), Baozun's current share price is €0.786. Baozun's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.38. Baozun's Cyclically Adjusted PB Ratio for today is 0.33.

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

STU:2BZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.35   Max: 0.77
Current: 0.33

During the past years, Baozun's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.25. And the median was 0.35.

STU:2BZ's Cyclically Adjusted PB Ratio is ranked better than
85.86% of 792 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs STU:2BZ: 0.33

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.

Baozun's adjusted book value per share data for the three months ended in Mar. 2026 was €2.611. 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 €2.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baozun  (STU:2BZ) 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.


Baozun Cyclically Adjusted PB Ratio Related Terms


Baozun Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Baozun'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.

Baozun Cyclically Adjusted PB Ratio Chart

Baozun 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 0.38 0.35 0.32

Baozun 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 0.34 0.31 0.49 0.32 0.28

STU:2BZ vs ZHJD, HOUR, LITB: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Baozun'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.


Baozun Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baozun's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:2BZ
74GF Score
Baozun Inc STU:2BZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baozun 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.

Baozun's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.786/2.38
=0.33

* 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.

Baozun's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Baozun'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)
=2.611/121.4731*121.4731
=2.611

Current CPI (Mar. 2026) = 121.4731.

Baozun Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.101 101.686 1.315
201609 1.108 102.565 1.312
201612 1.351 103.225 1.590
201703 1.354 103.335 1.592
201706 1.311 103.664 1.536
201709 1.292 103.994 1.509
201712 1.396 104.984 1.615
201803 1.382 105.973 1.584
201806 1.479 106.193 1.692
201809 1.439 106.852 1.636
201812 1.611 107.622 1.818
201903 1.688 108.172 1.896
201906 1.609 109.601 1.783
201909 1.635 110.260 1.801
201912 1.751 110.700 1.921
202003 1.767 110.920 1.935
202006 1.815 110.590 1.994
202009 3.076 107.512 3.475
202012 3.285 109.711 3.637
202103 3.370 111.579 3.669
202106 3.402 111.360 3.711
202109 3.159 109.051 3.519
202112 3.258 112.349 3.523
202203 3.297 113.558 3.527
202206 3.566 113.448 3.818
202209 3.607 113.778 3.851
202212 3.135 114.548 3.325
202303 3.054 115.427 3.214
202306 2.934 115.647 3.082
202309 2.972 116.087 3.110
202312 2.904 117.296 3.007
202403 2.836 117.735 2.926
202406 2.861 117.296 2.963
202409 2.830 118.615 2.898
202412 2.940 118.945 3.002
202503 2.828 119.384 2.877
202506 2.639 119.055 2.693
202509 2.548 119.934 2.581
202512 2.534 120.704 2.550
202603 2.611 121.473 2.611

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 0.33 mean?
Baozun (STU:2BZ) has a Cyclically Adjusted PB Ratio of 0.33 as of Aug. 17, 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 Baozun and its competitors. This is near median its historical median of 0.35. Over the past decade, Baozun's Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.77. According to the industry distribution chart, Baozun ranks #112 out of 792 companies in the Retail - Cyclical industry, placing it in the top 14.1%.
Is Baozun's Cyclically Adjusted PB Ratio too high?
Baozun's current Cyclically Adjusted PB Ratio of 0.33 is near median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.77. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.22. Baozun's value of 0.33 is 73% below this industry median. Based on the distribution chart, Baozun ranks #112 out of 792 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Baozun has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Baozun's Cyclically Adjusted PB Ratio compare to ZHJD and HOUR?
According to the Retail - Cyclical industry distribution chart, Baozun ranks #112 out of 792 companies for Cyclically Adjusted PB Ratio. This places Baozun in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.22. Baozun's value of 0.33 is 73% below this benchmark. Historically, Baozun's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.77 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 1.22, Baozun has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.22, based on 792 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. Baozun's current Cyclically Adjusted PB Ratio of 0.33 is 73% below 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 Baozun and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baozun's current Cyclically Adjusted PB Ratio is 0.33, which is near median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baozun stock overvalued right now?
Based on GuruFocus' analysis, Baozun (STU:2BZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.93, compared to a current price of €0.79 — trading 15.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is near median its 10-year median of 0.35 and 73% below the Retail - Cyclical industry median of 1.22. Baozun's overall GF Score™ is 74/100 with 2 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 Baozun (STU:2BZ), the current Cyclically Adjusted PB Ratio is 0.33 as of Aug. 17, 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 Baozun (STU:2BZ) Overvalued in 2026?

Based on GuruFocus' analysis, Baozun stock appears to be undervalued. The current stock price of €0.79 is trading 15.5% below its estimated GF Value™ of €0.93. GuruFocus considers Baozun to be Modestly Undervalued.

Key valuation signals for STU:2BZ:

  • Cyclically Adjusted PB Ratio: 0.33 (near median its 10-year median of 0.35)
  • GF Value™: €0.93 vs. price of €0.79 (15.5% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 73% below the Retail - Cyclical median (#112 of 792)

No single metric tells the full story. See the STU:2BZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baozun Business Description

Address 33 Hysan Avenue, Room 1928, 19th Floor, Lee Garden One, Causeway Bay, Hong Kong, HKG
Baozun Inc is engaged to provide its customers with end-to-end e-commerce solutions including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment, as well as the holistic brand management, including tactic positioning, branding and marketing, retail and e-commerce operations, supply chain and logistics, and technology empowerment. It has two operating segments: E-Commerce (encompassing BEC and BZI) and Brand Management (representing BBM). The company generates maximum of its revenue from E-Commerce (encompassing BEC and BZI) segment.
74GF Score

Get the complete analysis for STU:2BZ

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

€0.79
Price
€0.93
GF Value