Grand Ocean Advanced Resources Co (HKSE:00065) Cyclically Adjusted PB Ratio : 0.59 (As of Jun. 14, 2024)

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What is Grand Ocean Advanced Resources Co Cyclically Adjusted PB Ratio?

As of today (2024-06-14), Grand Ocean Advanced Resources Co's current share price is HK$0.17. Grand Ocean Advanced Resources Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$0.29. Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio for today is 0.59.

The historical rank and industry rank for Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:00065' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.31 Max: 2
Current: 0.62

During the past 13 years, Grand Ocean Advanced Resources Co's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 0.14. And the median was 0.31.

HKSE:00065's Cyclically Adjusted PB Ratio is ranked better than
72.14% of 140 companies
in the Other Energy Sources industry
Industry Median: 1.55 vs HKSE:00065: 0.62

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.

Grand Ocean Advanced Resources Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$0.080. 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 HK$0.29 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Grand Ocean Advanced Resources Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Grand Ocean Advanced Resources Co'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.

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Grand Ocean Advanced Resources Co Cyclically Adjusted PB Ratio Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.23

0.97

0.23

1.06

0.63

Grand Ocean Advanced Resources Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.23	-	1.06	-	0.63

Competitive Comparison of Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio

For the Thermal Coal subindustry, Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio falls into.

Grand Ocean Advanced Resources Co 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.

Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.17	/	0.29
	=	0.59

Grand Ocean Advanced Resources Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Grand Ocean Advanced Resources Co's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.08	/	117.2957	*	117.2957
	=	0.080

Current CPI (Dec23) = 117.2957.

Grand Ocean Advanced Resources Co Annual Data

	Book Value per Share	CPI	Adj_Book
201412	1.001	99.707	1.178
201512	0.618	102.015	0.711
201612	0.311	103.225	0.353
201712	0.084	104.984	0.094
201812	0.102	107.622	0.111
201912	0.094	110.700	0.100
202012	0.070	109.711	0.075
202112	0.079	112.349	0.082
202212	0.082	114.548	0.084
202312	0.080	117.296	0.080

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.

Grand Ocean Advanced Resources Co (HKSE:00065) 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.

Grand Ocean Advanced Resources Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Grand Ocean Advanced Resources Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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