JinkoSolar Holding Co (STU:ZJS1) Cyclically Adjusted PB Ratio: 0.40 (As of Aug. 05, 2026) — 58% Below Median

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STU:ZJS1 JinkoSolar Holding Co Ltd STU:ZJS1
73 GF Score
Price €13.76
GF Value €17.06
Valuation Modestly Undervalued
! 7 Warning Signs
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What is JinkoSolar Holding Co Cyclically Adjusted PB Ratio?

JinkoSolar Holding Co STU:ZJS1 +1.18% 73 Cyclically Adjusted PB Ratio is 0.40 as of Aug. 05, 2026, which is 58% below its 10-year median of 0.96. GuruFocus rates STU:ZJS1 with a GF Score™ of 73/100 and a GF Value™ of €17.06 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 731 Semiconductors companies, JinkoSolar Holding Co ranks better than 92.2% on this metric.

As of today (2026-08-05), JinkoSolar Holding Co's current share price is €13.76. JinkoSolar Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €34.05. JinkoSolar Holding Co's Cyclically Adjusted PB Ratio for today is 0.40.

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

STU:ZJS1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.96   Max: 2.97
Current: 0.4

During the past years, JinkoSolar Holding Co's highest Cyclically Adjusted PB Ratio was 2.97. The lowest was 0.37. And the median was 0.96.

STU:ZJS1's Cyclically Adjusted PB Ratio is ranked better than
92.2% of 731 companies
in the Semiconductors industry
Industry Median: 3.1 vs STU:ZJS1: 0.40

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.

JinkoSolar Holding Co's adjusted book value per share data for the three months ended in Mar. 2026 was €38.047. 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 €34.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JinkoSolar Holding Co  (STU:ZJS1) 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.


JinkoSolar Holding Co Cyclically Adjusted PB Ratio Related Terms


JinkoSolar Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JinkoSolar Holding 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.

JinkoSolar Holding Co Cyclically Adjusted PB Ratio Chart

JinkoSolar Holding 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 1.75 1.39 1.11 0.67 0.66

JinkoSolar Holding Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.67 0.49 0.63 0.66 0.64

STU:ZJS1 vs ARRY, CSIQ, TOYO: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, JinkoSolar Holding 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.


JinkoSolar Holding Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


STU:ZJS1
73GF Score
JinkoSolar Holding Co Ltd STU:ZJS1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JinkoSolar Holding 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.

JinkoSolar Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.76/34.05
=0.40

* 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.

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

For example, JinkoSolar Holding 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)
=38.047/116.3033*116.3033
=38.047

Current CPI (Mar. 2026) = 116.3033.

JinkoSolar Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 20.453 102.200 23.275
201606 21.184 101.400 24.298
201609 22.049 102.400 25.043
201612 27.936 102.600 31.667
201703 27.712 103.200 31.231
201706 26.610 103.100 30.018
201709 25.996 104.100 29.043
201712 25.950 104.500 28.881
201803 24.072 105.300 26.587
201806 25.350 104.900 28.106
201809 24.634 106.600 26.876
201812 25.528 106.500 27.878
201903 26.366 107.700 28.472
201906 24.915 107.700 26.905
201909 26.039 109.800 27.581
201912 26.687 111.200 27.912
202003 28.187 112.300 29.192
202006 28.050 110.400 29.550
202009 27.187 111.700 28.307
202012 26.793 111.500 27.947
202103 28.886 112.662 29.820
202106 28.988 111.769 30.164
202109 30.167 112.215 31.266
202112 32.183 113.108 33.092
202203 43.259 114.335 44.004
202206 41.365 114.558 41.995
202209 44.572 115.339 44.945
202212 43.981 115.116 44.435
202303 47.270 115.116 47.758
202306 48.539 114.558 49.279
202309 49.866 115.339 50.283
202312 49.648 114.781 50.307
202403 50.358 115.227 50.828
202406 53.548 114.781 54.258
202409 51.948 115.785 52.181
202412 50.803 114.893 51.427
202503 45.462 115.116 45.931
202509 39.053 115.471 39.334
202512 36.420 115.832 36.568
202603 38.047 116.303 38.047

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 0.40 mean?
JinkoSolar Holding Co (STU:ZJS1) has a Cyclically Adjusted PB Ratio of 0.40 as of Aug. 05, 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 JinkoSolar Holding Co and its competitors. This is 58% below median its historical median of 0.96. Over the past decade, JinkoSolar Holding Co's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.97. According to the industry distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies in the Semiconductors industry, placing it in the top 7.8%.
Is JinkoSolar Holding Co's Cyclically Adjusted PB Ratio too high?
JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio of 0.40 is 58% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.97. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.10. JinkoSolar Holding Co's value of 0.40 is 87.1% below this industry median. Based on the distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, JinkoSolar Holding Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JinkoSolar Holding Co's Cyclically Adjusted PB Ratio compare to ARRY and CSIQ?
According to the Semiconductors industry distribution chart, JinkoSolar Holding Co ranks #57 out of 731 companies for Cyclically Adjusted PB Ratio. This places JinkoSolar Holding Co in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.10. JinkoSolar Holding Co's value of 0.40 is 87.1% below this benchmark. Historically, JinkoSolar Holding Co's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.97 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 3.10, JinkoSolar Holding Co 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.10, based on 731 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. JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio of 0.40 is 87.1% 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 JinkoSolar Holding Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JinkoSolar Holding Co's current Cyclically Adjusted PB Ratio is 0.40, which is 58% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JinkoSolar Holding Co stock overvalued right now?
Based on GuruFocus' analysis, JinkoSolar Holding Co (STU:ZJS1) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.06, compared to a current price of €13.76 — trading 19.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.40, which is 58% below median its 10-year median of 0.96 and 87.1% below the Semiconductors industry median of 3.10. JinkoSolar Holding Co's overall GF Score™ is 73/100 with 7 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 JinkoSolar Holding Co (STU:ZJS1), the current Cyclically Adjusted PB Ratio is 0.40 as of Aug. 05, 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 JinkoSolar Holding Co (STU:ZJS1) Overvalued in 2026?

Based on GuruFocus' analysis, JinkoSolar Holding Co stock appears to be undervalued. The current stock price of €13.76 is trading 19.3% below its estimated GF Value™ of €17.06. GuruFocus considers JinkoSolar Holding Co to be Modestly Undervalued.

Key valuation signals for STU:ZJS1:

  • Cyclically Adjusted PB Ratio: 0.40 (58% below median its 10-year median of 0.96)
  • GF Value™: €17.06 vs. price of €13.76 (19.3% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 87.1% below the Semiconductors median (#57 of 731)

No single metric tells the full story. See the STU:ZJS1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JinkoSolar Holding Co Business Description

Address 1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100
JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), the Americas, Europe, Asia Pacific, and the Rest of the world.
73GF Score

Get the complete analysis for STU:ZJS1

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

€13.76
Price
€17.06
GF Value