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NWS Holdings (HKSE:00659) Cyclically Adjusted PB Ratio : 0.47 (As of Jun. 01, 2024)


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What is NWS Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-01), NWS Holdings's current share price is HK$6.67. NWS Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was HK$14.21. NWS Holdings's Cyclically Adjusted PB Ratio for today is 0.47.

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

HKSE:00659' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.17   Max: 1.79
Current: 0.47

During the past 13 years, NWS Holdings's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.40. And the median was 1.17.

HKSE:00659's Cyclically Adjusted PB Ratio is ranked better than
78.84% of 1243 companies
in the Construction industry
Industry Median: 1.12 vs HKSE:00659: 0.47

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.

NWS Holdings's adjusted book value per share data of for the fiscal year that ended in Jun23 was HK$12.809. 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$14.21 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


NWS Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NWS 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.

NWS Holdings Cyclically Adjusted PB Ratio Chart

NWS 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 1.26 0.50 0.61 0.53 0.63

NWS 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 - 0.53 - 0.63 -

Competitive Comparison of NWS Holdings's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, NWS 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.


NWS Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, NWS Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where NWS Holdings's Cyclically Adjusted PB Ratio falls into.



NWS 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.

NWS Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.67/14.21
=0.47

* 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.

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

For example, NWS 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)
=12.809/115.6468*115.6468
=12.809

Current CPI (Jun23) = 115.6468.

NWS Holdings Annual Data

Book Value per Share CPI Adj_Book
201406 11.282 96.409 13.533
201506 12.029 99.267 14.014
201606 11.905 101.686 13.540
201706 12.617 103.664 14.075
201806 12.819 106.193 13.960
201906 14.596 109.601 15.401
202006 14.547 110.590 15.212
202106 14.942 111.360 15.517
202206 13.765 113.448 14.032
202306 12.809 115.647 12.809

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.


NWS Holdings  (HKSE:00659) 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.


NWS Holdings Cyclically Adjusted PB Ratio Related Terms

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


NWS Holdings (HKSE:00659) Business Description

Traded in Other Exchanges
Address
888 Lai Chi Kok Road, 21/F, NCB Innovation Centre, Cheung Sha Wan, Kowloon, HKG
NWS Holdings Ltd is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland. The Group's businesses include toll roads, construction, insurance, logistics, and facilities management. Through the Group's sustainable business model, it is committed to creating more value for all stakeholders and the community.
Executives
Cheng Yu Tung Family (holdings Ii) Limited 2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited 2201 Interest of corporation controlled by you
Century Acquisition Limited 2101 Beneficial owner
New World Development Company Limited 2201 Interest of corporation controlled by you
Mombasa Limited 2101 Beneficial owner

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