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Shanghai Electric Group Co (SHSE:601727) Cyclically Adjusted Book per Share : ¥3.87 (As of Sep. 2024)


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What is Shanghai Electric Group Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Shanghai Electric Group Co's adjusted book value per share for the three months ended in Sep. 2024 was ¥3.440. 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 ¥3.87 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Shanghai Electric Group Co's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Shanghai Electric Group Co was 7.70% per year. The lowest was 3.50% per year. And the median was 6.10% per year.

As of today (2024-10-31), Shanghai Electric Group Co's current stock price is ¥9.00. Shanghai Electric Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ¥3.87. Shanghai Electric Group Co's Cyclically Adjusted PB Ratio of today is 2.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shanghai Electric Group Co was 3.26. The lowest was 0.93. And the median was 1.48.


Shanghai Electric Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shanghai Electric Group Co's Cyclically Adjusted Book per Share 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.

* Premium members only.

Shanghai Electric Group Co Cyclically Adjusted Book per Share Chart

Shanghai Electric Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.26 3.44 3.62 3.77 3.81

Shanghai Electric Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Book per Share 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 3.81 3.81 3.83 3.83 3.87

Competitive Comparison of Shanghai Electric Group Co's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Shanghai Electric Group 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.


Shanghai Electric Group Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Electric Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Electric Group Co's Cyclically Adjusted PB Ratio falls into.



Shanghai Electric Group Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Shanghai Electric Group Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=3.44/115.7848*115.7848
=3.440

Current CPI (Sep. 2024) = 115.7848.

Shanghai Electric Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 2.670 99.000 3.123
201503 2.841 99.900 3.293
201506 2.875 99.500 3.346
201509 2.877 100.500 3.315
201512 3.062 100.600 3.524
201603 2.930 102.200 3.319
201606 3.186 101.400 3.638
201609 3.315 102.400 3.748
201612 3.566 102.600 4.024
201703 3.399 103.200 3.813
201706 3.463 103.100 3.889
201709 3.671 104.100 4.083
201712 3.803 104.500 4.214
201803 3.834 105.300 4.216
201806 3.832 104.900 4.230
201809 3.863 106.600 4.196
201812 3.890 106.500 4.229
201903 3.944 107.700 4.240
201906 4.046 107.700 4.350
201909 4.067 109.800 4.289
201912 4.181 111.200 4.353
202003 4.191 112.300 4.321
202006 4.288 110.400 4.497
202009 4.279 111.700 4.435
202012 4.374 111.500 4.542
202103 4.454 112.662 4.577
202106 4.049 111.769 4.194
202109 4.088 112.215 4.218
202112 3.701 113.108 3.789
202203 3.733 114.335 3.780
202206 3.680 114.558 3.719
202209 3.651 115.339 3.665
202212 3.521 115.116 3.541
202303 3.541 115.116 3.562
202306 3.407 114.558 3.443
202309 3.418 115.339 3.431
202312 3.389 114.781 3.419
202403 3.383 115.227 3.399
202406 3.428 114.781 3.458
202409 3.440 115.785 3.440

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Shanghai Electric Group Co  (SHSE:601727) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Shanghai Electric Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.00/3.87
=2.33

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shanghai Electric Group Co was 3.26. The lowest was 0.93. And the median was 1.48.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Shanghai Electric Group Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Shanghai Electric Group Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai Electric Group Co Business Description

Traded in Other Exchanges
Address
No. 110 Sichuan Middle Road, Huangpu District, Shanghai, CHN, 200002
Shanghai Electric Group Co Ltd is an integrated equipment manufacturing group specializing in industrial equipment. Its products include thermal generator sets, nuclear power units, wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, and Industrial Internet. The operating segments are energy equipment, industrial equipment, and integrated services segments, with maximum revenue from the energy equipment segment.
Executives
Li Jing senior management

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