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Cheuk Nang (Holdings) (HKSE:00131) Cyclically Adjusted PB Ratio : 0.17 (As of May. 31, 2024)


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What is Cheuk Nang (Holdings) Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Cheuk Nang (Holdings)'s current share price is HK$1.88. Cheuk Nang (Holdings)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was HK$11.38. Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio for today is 0.17.

The historical rank and industry rank for Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:00131' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.4   Max: 0.59
Current: 0.17

During the past 13 years, Cheuk Nang (Holdings)'s highest Cyclically Adjusted PB Ratio was 0.59. The lowest was 0.13. And the median was 0.40.

HKSE:00131's Cyclically Adjusted PB Ratio is ranked better than
84.63% of 1360 companies
in the Real Estate industry
Industry Median: 0.69 vs HKSE:00131: 0.17

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.

Cheuk Nang (Holdings)'s adjusted book value per share data of for the fiscal year that ended in Jun23 was HK$10.072. 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$11.38 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheuk Nang (Holdings) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cheuk Nang (Holdings)'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.

* Premium members only.

Cheuk Nang (Holdings) Cyclically Adjusted PB Ratio Chart

Cheuk Nang (Holdings) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.31 0.24 0.20 0.17

Cheuk Nang (Holdings) 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 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 - 0.20 - 0.17 -

Competitive Comparison of Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Cheuk Nang (Holdings)'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.


Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio falls into.



Cheuk Nang (Holdings) 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.

Cheuk Nang (Holdings)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.88/11.38
=0.17

* 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.

Cheuk Nang (Holdings)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Cheuk Nang (Holdings)'s adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=10.072/115.6468*115.6468
=10.072

Current CPI (Jun23) = 115.6468.

Cheuk Nang (Holdings) Annual Data

Book Value per Share CPI Adj_Book
201406 10.114 96.409 12.132
201506 10.366 99.267 12.076
201606 10.279 101.686 11.690
201706 10.557 103.664 11.777
201806 11.199 106.193 12.196
201906 11.146 109.601 11.761
202006 10.249 110.590 10.718
202106 10.531 111.360 10.936
202206 10.252 113.448 10.451
202306 10.072 115.647 10.072

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.


Cheuk Nang (Holdings)  (HKSE:00131) 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.


Cheuk Nang (Holdings) Cyclically Adjusted PB Ratio Related Terms

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Cheuk Nang (Holdings) (HKSE:00131) Business Description

Traded in Other Exchanges
N/A
Address
18 Harbour Road, Suite 4901, 49th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Cheuk Nang (Holdings) Ltd is an investment holding company. The principal activities of the company's subsidiaries and associates comprise property development, investment, and management. The company has diversified its operations into four segments, being Property Sales, Property Rental, Estate Management, and Others. The majority of its revenue is derived from Properties sales. Its primary geographical markets are Hong Kong, the People's Republic of China (the PRC), and Malaysia, of which the company receives maximum revenue from the People's Republic of China.
Executives
Yan Yin Company Limited 2101 Beneficial owner
Chao Sze Tsung Cecil 2101 Beneficial owner
Szehope Securities Company Limited 2101 Beneficial owner

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