Chengda Pharmaceuticals Co (SZSE:301201) Cyclically Adjusted PB Ratio: 3.73 (As of Aug. 03, 2026) — 11% 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.

SZSE:301201 Chengda Pharmaceuticals Co Ltd SZSE:301201
78 GF Score
Price ¥28.21
GF Value ¥30.45
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Chengda Pharmaceuticals Co Cyclically Adjusted PB Ratio?

Chengda Pharmaceuticals Co SZSE:301201 +1.69% 78 Cyclically Adjusted PB Ratio is 3.73 as of Aug. 03, 2026, which is 11% below its 10-year median of 4.21. GuruFocus rates SZSE:301201 with a GF Score™ of 78/100 and a GF Value™ of ¥30.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 741 Drug Manufacturers companies, Chengda Pharmaceuticals Co ranks worse than 75.44% on this metric.

As of today (2026-08-03), Chengda Pharmaceuticals Co's current share price is ¥28.21. Chengda Pharmaceuticals Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ¥7.57. Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is 3.73.

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

SZSE:301201' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.93   Med: 4.21   Max: 6.85
Current: 3.67

During the past 12 years, Chengda Pharmaceuticals Co's highest Cyclically Adjusted PB Ratio was 6.85. The lowest was 2.93. And the median was 4.21.

SZSE:301201's Cyclically Adjusted PB Ratio is ranked worse than
75.44% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs SZSE:301201: 3.67

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.

Chengda Pharmaceuticals Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was ¥13.538. 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 ¥7.57 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chengda Pharmaceuticals Co  (SZSE:301201) 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.


Chengda Pharmaceuticals Co Cyclically Adjusted PB Ratio Related Terms


Chengda Pharmaceuticals Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chengda Pharmaceuticals 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.

Chengda Pharmaceuticals Co Cyclically Adjusted PB Ratio Chart

Chengda Pharmaceuticals Co Annual Data
Trend Dec10 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 5.16 3.22 5.38

Chengda Pharmaceuticals 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 0.00 0.00 0.00 5.38 0.00

SZSE:301201 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Chengda Pharmaceuticals 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.


Chengda Pharmaceuticals Co Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SZSE:301201
78GF Score
Chengda Pharmaceuticals Co Ltd SZSE:301201
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chengda Pharmaceuticals 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.

Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.21/7.57
=3.73

* 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.

Chengda Pharmaceuticals Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Chengda Pharmaceuticals Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=13.538/115.8323*115.8323
=13.538

Current CPI (Dec25) = 115.8323.

Chengda Pharmaceuticals Co Annual Data

Book Value per Share CPI Adj_Book
201012 1.059 89.289 1.374
201712 2.519 104.500 2.792
201812 2.581 106.500 2.807
201912 3.069 111.200 3.197
202012 3.948 111.500 4.101
202112 4.561 113.108 4.671
202212 14.313 115.116 14.402
202312 14.718 114.781 14.853
202412 13.852 114.893 13.965
202512 13.538 115.832 13.538

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 3.73 mean?
Chengda Pharmaceuticals Co (SZSE:301201) has a Cyclically Adjusted PB Ratio of 3.73 as of Aug. 03, 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 Chengda Pharmaceuticals Co and its competitors. This is 11% below median its historical median of 4.21. Over the past decade, Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio has ranged from 2.93 to 6.85. According to the industry distribution chart, Chengda Pharmaceuticals Co ranks #559 out of 741 companies in the Drug Manufacturers industry, placing it in the top 75.4%.
Is Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio too high?
Chengda Pharmaceuticals Co's current Cyclically Adjusted PB Ratio of 3.73 is 11% below median its 10-year median of 4.21. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 6.85. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Chengda Pharmaceuticals Co's value of 3.73 is 108.4% above this industry median. Based on the distribution chart, Chengda Pharmaceuticals Co ranks #559 out of 741 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Chengda Pharmaceuticals Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chengda Pharmaceuticals Co's Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Chengda Pharmaceuticals Co ranks #559 out of 741 companies for Cyclically Adjusted PB Ratio. This places Chengda Pharmaceuticals Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Chengda Pharmaceuticals Co's value of 3.73 is 108.4% above this benchmark. Historically, Chengda Pharmaceuticals Co's own Cyclically Adjusted PB Ratio has ranged from 2.93 to 6.85 over the past decade. While the company's 10-year median is 4.21 vs. the industry median of 1.79, Chengda Pharmaceuticals 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 a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 741 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. Chengda Pharmaceuticals Co's current Cyclically Adjusted PB Ratio of 3.73 is 108.4% 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 Chengda Pharmaceuticals Co and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengda Pharmaceuticals Co's current Cyclically Adjusted PB Ratio is 3.73, which is 11% below median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengda Pharmaceuticals Co stock overvalued right now?
Based on GuruFocus' analysis, Chengda Pharmaceuticals Co (SZSE:301201) is currently considered Fairly Valued. The stock's GF Value™ is ¥30.45, compared to a current price of ¥28.21 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.73, which is 11% below median its 10-year median of 4.21 and 108.4% above the Drug Manufacturers industry median of 1.79. Chengda Pharmaceuticals Co's overall GF Score™ is 78/100 with 4 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 Chengda Pharmaceuticals Co (SZSE:301201), the current Cyclically Adjusted PB Ratio is 3.73 as of Aug. 03, 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 Chengda Pharmaceuticals Co (SZSE:301201) Overvalued in 2026?

Based on GuruFocus' analysis, Chengda Pharmaceuticals Co stock appears to be undervalued. The current stock price of ¥28.21 is trading 7.4% below its estimated GF Value™ of ¥30.45. GuruFocus considers Chengda Pharmaceuticals Co to be Fairly Valued.

Key valuation signals for SZSE:301201:

  • Cyclically Adjusted PB Ratio: 3.73 (11% below median its 10-year median of 4.21)
  • GF Value™: ¥30.45 vs. price of ¥28.21 (7.4% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 108.4% above the Drug Manufacturers median (#559 of 741)

No single metric tells the full story. See the SZSE:301201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chengda Pharmaceuticals Co Business Description

Address 36 Huanghe Road, Huimin Street, Jiashan County, Zhejiang Province, Jiaxing, CHN, 314100
Chengda Pharmaceuticals Co Ltd is engaged in the research and development, production and sales of L-carnitine series products. The company mainly produces raw materials, food additives, feed additives, antibiotics, anti-cancer, anti-virus and other series of pharmaceutical intermediates. The products are sold to more than 30 countries and regions.
78GF Score

Get the complete analysis for SZSE:301201

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

¥28.21
Price
¥30.45
GF Value