Tuniu (TOUR) Cyclically Adjusted PB Ratio: 0.17 (As of Aug. 17, 2026) — 32% Below Median

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Director of Data and Quant Analytics at GuruFocus
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TOUR Tuniu Corp TOUR
55 GF Score
Price $4.90
GF Value $91.53
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Tuniu Cyclically Adjusted PB Ratio?

Tuniu TOUR -2.87% 55 Cyclically Adjusted PB Ratio is 0.17 as of Aug. 17, 2026, which is 32% below its 10-year median of 0.25. GuruFocus rates TOUR with a GF Score™ of 55/100 and a GF Value™ of $91.53 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 639 Travel & Leisure companies, Tuniu ranks better than 92.64% on this metric.

As of today (2026-08-17), Tuniu's current share price is $4.90. Tuniu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $28.70. Tuniu's Cyclically Adjusted PB Ratio for today is 0.17.

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

TOUR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.25   Max: 0.65
Current: 0.17

During the past years, Tuniu's highest Cyclically Adjusted PB Ratio was 0.65. The lowest was 0.16. And the median was 0.25.

TOUR's Cyclically Adjusted PB Ratio is ranked better than
92.64% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs TOUR: 0.17

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.

Tuniu's adjusted book value per share data for the three months ended in Mar. 2026 was $13.667. 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 $28.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tuniu  (NAS:TOUR) 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.


Tuniu Cyclically Adjusted PB Ratio Related Terms


Tuniu Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tuniu'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.

Tuniu Cyclically Adjusted PB Ratio Chart

Tuniu 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 0.39 0.17 0.28 0.20

Tuniu 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 0.30 0.25 0.30 0.20 0.27

TOUR vs YTRA, AHMA, NTRP: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Tuniu'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.


Tuniu Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tuniu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TOUR
55GF Score
Tuniu Corp TOUR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tuniu 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.90/28.70
=0.17

* 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.

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

For example, Tuniu'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)
=13.667/116.3033*116.3033
=13.667

Current CPI (Mar. 2026) = 116.3033.

Tuniu Quarterly Data

Book Value per Share CPI Adj_Book
201606 85.699 101.400 98.295
201609 57.896 102.400 65.757
201612 51.399 102.600 58.264
201703 47.790 103.200 53.858
201706 44.255 103.100 49.922
201709 44.303 104.100 49.496
201712 42.061 104.500 46.812
201803 42.566 105.300 47.014
201806 39.876 104.900 44.211
201809 40.323 106.600 43.993
201812 39.461 106.500 43.093
201903 38.838 107.700 41.940
201906 36.073 107.700 38.955
201909 35.054 109.800 37.130
201912 31.334 111.200 32.772
202003 28.891 112.300 29.921
202006 26.983 110.400 28.426
202009 27.234 111.700 28.356
202012 17.146 111.500 17.885
202103 16.795 112.662 17.338
202106 16.835 111.769 17.518
202109 16.355 112.215 16.951
202112 16.110 113.108 16.565
202203 15.668 114.335 15.938
202206 13.561 114.558 13.768
202209 12.884 115.339 12.992
202212 12.839 115.116 12.971
202303 12.865 115.116 12.998
202306 12.637 114.558 12.830
202309 12.879 115.339 12.987
202312 11.658 114.781 11.813
202403 12.347 115.227 12.462
202406 12.554 114.781 12.721
202409 13.298 115.785 13.358
202412 12.680 114.893 12.836
202503 12.294 115.116 12.421
202506 12.462 114.907 12.613
202509 13.433 115.471 13.530
202512 13.395 115.832 13.449
202603 13.667 116.303 13.667

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 0.17 mean?
Tuniu (TOUR) has a Cyclically Adjusted PB Ratio of 0.17 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 Tuniu and its competitors. This is 32% below median its historical median of 0.25. Over the past decade, Tuniu's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.65. According to the industry distribution chart, Tuniu ranks #47 out of 639 companies in the Travel & Leisure industry, placing it in the top 7.4%.
Is Tuniu's Cyclically Adjusted PB Ratio too high?
Tuniu's current Cyclically Adjusted PB Ratio of 0.17 is 32% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.65. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. Tuniu's value of 0.17 is 86% below this industry median. Based on the distribution chart, Tuniu ranks #47 out of 639 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tuniu has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tuniu's Cyclically Adjusted PB Ratio compare to YTRA and AHMA?
According to the Travel & Leisure industry distribution chart, Tuniu ranks #47 out of 639 companies for Cyclically Adjusted PB Ratio. This places Tuniu in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.21. Tuniu's value of 0.17 is 86% below this benchmark. Historically, Tuniu's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.65 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.21, Tuniu 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.21, based on 639 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. Tuniu's current Cyclically Adjusted PB Ratio of 0.17 is 86% 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 Tuniu and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tuniu's current Cyclically Adjusted PB Ratio is 0.17, which is 32% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tuniu stock overvalued right now?
Based on GuruFocus' analysis, Tuniu (TOUR) is currently considered Possible Value Trap. The stock's GF Value™ is $91.53, compared to a current price of $4.90 — trading 94.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.17, which is 32% below median its 10-year median of 0.25 and 86% below the Travel & Leisure industry median of 1.21. Tuniu's overall GF Score™ is 55/100 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 Tuniu (TOUR), the current Cyclically Adjusted PB Ratio is 0.17 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 Tuniu (TOUR) Overvalued in 2026?

Based on GuruFocus' analysis, Tuniu stock appears to be undervalued. The current stock price of $4.90 is trading 94.6% below its estimated GF Value™ of $91.53. GuruFocus considers Tuniu to be Possible Value Trap.

Key valuation signals for TOUR:

  • Cyclically Adjusted PB Ratio: 0.17 (32% below median its 10-year median of 0.25)
  • GF Value™: $91.53 vs. price of $4.90 (94.6% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 86% below the Travel & Leisure median (#47 of 639)

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


Tuniu Business Description

Other Exchanges 0TU:Germany
Address No. 108 Xuanwudadao, Building 6-A, 6, 8-12th floor, Juhuiyuan, Jiangsu Province, Xuanwu District, Nanjing, CHN, 210023
Tuniu Corp is an online leisure travel company. The company is engaged in the provision of travel-related services in the People's Republic of China. The company offers a large selection of packaged tours, including organized tours and self-guided tours, and travel-related services for leisure travellers. The company's organized tours provide pre-arranged itineraries, transportation, accommodations, entertainment, meals, and tour guide services. Its self-guided tours consist of combinations of flights and hotel bookings and other optional add-ons. The company derives almost all of its revenue from PRC.
55GF Score

Get the complete analysis for TOUR

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

$4.90
Price
$91.53
GF Value