Jinhua Capital (TSXV:JHC) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

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.

What is Jinhua Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinhua Capital  (TSXV:JHC) 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.


Jinhua Capital Cyclically Adjusted PB Ratio Related Terms


Jinhua Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jinhua Capital'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.

Jinhua Capital Cyclically Adjusted PB Ratio Chart

Jinhua Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Jinhua Capital Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 0.00

TSXV:JHC vs AACT, EVAC, CEPF: Cyclically Adjusted PB Ratio Comparison

For the Shell Companies subindustry, Jinhua Capital'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.


Jinhua Capital Cyclically Adjusted PB Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jinhua Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jinhua Capital 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.

Jinhua Capital's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Jinhua Capital's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.129/130.2871*130.2871
=-0.129

Current CPI (Sep. 2025) = 130.2871.

Jinhua Capital Quarterly Data

Book Value per Share CPI Adj_Book
201512 -1.545 99.947 -2.014
201603 -1.573 101.054 -2.028
201606 -1.577 102.002 -2.014
201609 -1.596 101.765 -2.043
201612 -1.671 101.449 -2.146
201703 -1.681 102.634 -2.134
201706 -1.732 103.029 -2.190
201709 -1.869 103.345 -2.356
201712 -1.991 103.345 -2.510
201803 -2.028 105.004 -2.516
201806 -2.192 105.557 -2.706
201809 -2.272 105.636 -2.802
201812 -2.108 105.399 -2.606
201903 -2.225 106.979 -2.710
201906 -2.131 107.690 -2.578
201909 -2.169 107.611 -2.626
201912 -2.300 107.769 -2.781
202003 -2.451 107.927 -2.959
202006 -2.535 108.401 -3.047
202009 -2.582 108.164 -3.110
202012 -2.667 108.559 -3.201
202103 0.074 110.298 0.087
202106 0.035 111.720 0.041
202109 0.027 112.905 0.031
202112 -0.010 113.774 -0.011
202203 -0.088 117.646 -0.097
202206 -0.163 120.806 -0.176
202209 -0.170 120.648 -0.184
202212 -0.193 120.964 -0.208
202303 0.364 122.702 0.387
202306 0.307 124.203 0.322
202309 0.083 125.230 0.086
202312 0.070 125.072 0.073
202403 -0.013 126.258 -0.013
202406 -0.048 127.522 -0.049
202409 -0.096 127.285 -0.098
202412 -0.212 127.364 -0.217
202503 -0.221 129.181 -0.223
202506 -0.126 129.892 -0.126
202509 -0.129 130.287 -0.129

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.


Jinhua Capital Business Description

Address 1055 W. Georgia Street, Royal Centre, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Jinhua Capital Corp is a capital pool company. The principal business of the Corporation is to identify and evaluate assets or businesses with a view to potentially acquiring them or an interest therein as a result of the closing of a purchase transaction, the exercising of an option or any concomitant transaction.