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Bank of Chengdu Co (SHSE:601838) Cyclically Adjusted Book per Share : ¥10.70 (As of Mar. 2024)


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What is Bank of Chengdu 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.

Bank of Chengdu Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥19.537. 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 ¥10.70 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-08), Bank of Chengdu Co's current stock price is ¥15.47. Bank of Chengdu Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥10.70. Bank of Chengdu Co's Cyclically Adjusted PB Ratio of today is 1.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank of Chengdu Co was 1.50. The lowest was 1.11. And the median was 1.28.


Bank of Chengdu Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank of Chengdu 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.

Bank of Chengdu Co Cyclically Adjusted Book per Share Chart

Bank of Chengdu 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 - - - - 10.27

Bank of Chengdu Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 9.84 10.27 10.70

Competitive Comparison of Bank of Chengdu Co's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank of Chengdu 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.


Bank of Chengdu Co's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Chengdu Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank of Chengdu Co's Cyclically Adjusted PB Ratio falls into.



Bank of Chengdu 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, Bank of Chengdu Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=19.537/115.2271*115.2271
=19.537

Current CPI (Mar. 2024) = 115.2271.

Bank of Chengdu Co Quarterly Data

Book Value per Share CPI Adj_Book
200912 2.369 85.386 3.197
201006 2.481 85.886 3.329
201012 2.773 89.289 3.579
201112 3.362 92.885 4.171
201212 3.962 95.237 4.794
201312 4.660 97.624 5.500
201412 5.579 99.000 6.493
201509 6.039 100.500 6.924
201512 6.217 100.600 7.121
201609 0.000 102.400 0.000
201612 6.740 102.600 7.569
201703 0.000 103.200 0.000
201706 6.988 103.100 7.810
201709 7.352 104.100 8.138
201712 7.675 104.500 8.463
201803 7.874 105.300 8.616
201806 7.901 104.900 8.679
201809 8.277 106.600 8.947
201812 8.637 106.500 9.345
201903 9.003 107.700 9.632
201906 8.976 107.700 9.603
201909 9.400 109.800 9.865
201912 9.842 111.200 10.198
202003 10.271 112.300 10.539
202006 10.194 110.400 10.640
202009 10.555 111.700 10.888
202012 12.743 111.500 13.169
202103 13.202 112.662 13.503
202106 13.204 111.769 13.613
202109 13.711 112.215 14.079
202112 14.379 113.108 14.648
202203 15.116 114.335 15.234
202206 15.098 114.558 15.186
202209 15.693 115.339 15.678
202212 16.421 115.116 16.437
202303 17.110 115.116 17.127
202306 17.889 114.558 17.994
202309 17.781 115.339 17.764
202312 18.678 114.781 18.751
202403 19.537 115.227 19.537

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


Bank of Chengdu Co  (SHSE:601838) 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.

Bank of Chengdu Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.47/10.7
=1.45

* 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 Bank of Chengdu Co was 1.50. The lowest was 1.11. And the median was 1.28.


Be Aware

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


Bank of Chengdu Co Cyclically Adjusted Book per Share Related Terms

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


Bank of Chengdu Co (SHSE:601838) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.16 Xiyu Street, Sichuan, Chengdu, CHN
Bank of Chengdu Co Ltd is a state-owned commercial bank. Its principal businesses include business loans, fixed assets loans, bank acceptance bills, direct discounts on bank acceptance bills, guarantees, real estate development loans and legal person account overdrafts among other services. The bank provides its services in China.
Executives
He Wei Zhong Director
Cai Bing senior management
Zhang Peng Supervisors
Zheng Jun senior management
Luo Jie senior management
Li Wan Rong senior management
Li Jin Ming senior management
Luo Zheng senior management
Wang Hui Director
Li Ai Lan Director
Yang Rong Director
Wei Xiao Ying senior management
Huang Jian Jun senior management

Bank of Chengdu Co (SHSE:601838) Headlines

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