CPBY should be compared to other Chinese Nasdaq stocks in similar sector.The one that seems closest ( in terms of growth rate) is LFT. CPBY provides information software security services to government. LFT provides the same to financial companies. LFT has a TPE of 31 and FPE of 18. CPBY, after the accretive earnings due to acquisition is currenty valued at FPE of 6/7.