China Citic Bank (STU:D7C) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:D7C China Citic Bank Corp Ltd STU:D7C
46 GF Score
Price €0.89
GF Value €0.73
Valuation Modestly Overvalued
! 7 Warning Signs
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What is China Citic Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Citic Bank  (STU:D7C) 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.


China Citic Bank Cyclically Adjusted PB Ratio Related Terms


China Citic Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Citic Bank'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.

China Citic Bank Cyclically Adjusted PB Ratio Chart

China Citic Bank 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 0.36 0.35 0.33 0.49 0.53

China Citic Bank Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 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 0.45 0.49 0.56 0.54 0.61

China Citic Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, China Citic Bank'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.


China Citic Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, China Citic Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:D7C
46GF Score
China Citic Bank Corp Ltd STU:D7C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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China Citic Bank 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.

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

For example, China Citic Bank'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)
=1.72/116.3033*116.3033
=1.720

Current CPI (Mar. 2026) = 116.3033.

China Citic Bank Quarterly Data

Book Value per Share CPI Adj_Book
201509 0.892 100.500 1.032
201603 0.917 102.200 1.044
201606 0.919 101.400 1.054
201609 0.947 102.400 1.076
201612 0.974 102.600 1.104
201703 0.993 103.200 1.119
201706 0.945 103.100 1.066
201709 0.953 104.100 1.065
201712 0.986 104.500 1.097
201803 1.016 105.300 1.122
201806 1.027 104.900 1.139
201809 1.028 106.600 1.122
201812 1.089 106.500 1.189
201903 1.178 107.700 1.272
201906 1.134 107.700 1.225
201909 1.176 109.800 1.246
201912 1.188 111.200 1.243
202003 1.245 112.300 1.289
202006 1.204 110.400 1.268
202009 111.700 0.000
202012 1.231 111.500 1.284
202103 1.320 112.662 1.363
202106 1.337 111.769 1.391
202109 1.406 112.215 1.457
202112 1.488 113.108 1.530
202203 1.569 114.335 1.596
202206 1.595 114.558 1.619
202209 1.657 115.339 1.671
202212 1.572 115.116 1.588
202303 1.617 115.116 1.634
202306 1.528 114.558 1.551
202309 1.607 115.339 1.620
202312 1.615 114.781 1.636
202403 1.610 115.227 1.625
202406 1.611 114.781 1.632
202409 1.636 115.785 1.643
202412 1.708 114.893 1.729
202503 1.656 115.116 1.673
202509 1.584 115.471 1.595
202603 1.720 116.303 1.720

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 China Citic Bank (STU:D7C) Overvalued in 2026?

Based on GuruFocus' analysis, China Citic Bank stock appears to be overvalued. The current stock price of €0.89 is trading 22.2% above its estimated GF Value™ of €0.73. GuruFocus considers China Citic Bank to be Modestly Overvalued.

Key valuation signals for STU:D7C:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.73 vs. price of €0.89 (22.2% above fair value)
  • GF Score™: 46/100 with 7 warning signs

No single metric tells the full story. See the STU:D7C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Citic Bank Business Description

Address 10 Guanghua Road, 6-30th Floor and 32-42th Floor, Building No. 1, Chaoyang District, Beijing, CHN, 100020
China Citic Bank, headquartered in Beijing, ranks as China's ninth-largest commercial lender. The bank operates a nationwide network of 1,459 branches across 153 cities, supplemented by offshore presence in Hong Kong, Macao, New York, Los Angeles, and Singapore as of mid-2024. Founded in 1987, it serves as a core subsidiary of Citic Group, a premier state-owned conglomerate.
46GF Score

Get the complete analysis for STU:D7C

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

€0.89
Price
€0.73
GF Value