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Sunshine 100 China Holdings (HKSE:02608) Cyclically Adjusted PB Ratio : 0.02 (As of Jun. 09, 2024)


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What is Sunshine 100 China Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Sunshine 100 China Holdings's current share price is HK$0.047. Sunshine 100 China Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$2.98. Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio for today is 0.02.

The historical rank and industry rank for Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:02608' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.12   Max: 0.15
Current: 0.02

During the past 12 years, Sunshine 100 China Holdings's highest Cyclically Adjusted PB Ratio was 0.15. The lowest was 0.01. And the median was 0.12.

HKSE:02608's Cyclically Adjusted PB Ratio is ranked better than
99.93% of 1389 companies
in the Real Estate industry
Industry Median: 0.71 vs HKSE:02608: 0.02

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.

Sunshine 100 China Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$-0.180. 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$2.98 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sunshine 100 China Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sunshine 100 China 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.

Sunshine 100 China Holdings Cyclically Adjusted PB Ratio Chart

Sunshine 100 China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.14 0.12 0.03

Sunshine 100 China 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 0.14 - 0.12 - 0.03

Competitive Comparison of Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Sunshine 100 China 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.


Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio falls into.



Sunshine 100 China 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.

Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.047/2.98
=0.02

* 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.

Sunshine 100 China Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Sunshine 100 China Holdings'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)
=-0.18/114.7809*114.7809
=-0.180

Current CPI (Dec23) = 114.7809.

Sunshine 100 China Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 2.894 99.000 3.355
201512 3.135 100.600 3.577
201612 2.945 102.600 3.295
201712 3.379 104.500 3.711
201812 3.251 106.500 3.504
201912 3.991 111.200 4.120
202012 4.359 111.500 4.487
202112 2.762 113.108 2.803
202212 1.120 115.116 1.117
202312 -0.180 114.781 -0.180

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.


Sunshine 100 China Holdings  (HKSE:02608) 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.


Sunshine 100 China Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Sunshine 100 China Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunshine 100 China Holdings (HKSE:02608) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Guang Hua Road, 12th Floor, Tower D, Beijing, CHN, 100026
Sunshine 100 China Holdings Ltd engages in property and land development, property investment, and property management & hotel operation in China. The group generates revenue through property sales, property management and hotel operation income, and rental income. The property and land development business earns sales from residential and commercial properties and constructs projects in multiple Chinese cities. A majority of the company's revenue is derived from the mixed-use business complexes segment. Nearly all the company's revenue comes from its customers in the People's Republic of China.
Executives
Fantasy Races Limited 2201 Interest of corporation controlled by you
Tian Feng 2401 A concert party to an agreement to buy shares
Li Mingqiang 2401 A concert party to an agreement to buy shares
Jin Xiangfei 2401 A concert party to an agreement to buy shares
Liu Chaohui 2401 A concert party to an agreement to buy shares
Yi Xiaodi 2307 Founder of a discretionary trust who can infl
Fan Xiaohua 2307 Founder of a discretionary trust who can infl
Fan Xiaochong 2307 Founder of a discretionary trust who can infl
Ming Fai International Limited 2201 Interest of corporation controlled by you
Joywise Holdings Limited 2101 Beneficial owner
Harvest Well Holdings Limited 2201 Interest of corporation controlled by you
Cititrust Private Trust (cayman) Limited 2201 Interest of corporation controlled by you
Fantastic Magician Limited 2201 Interest of corporation controlled by you
Great Sharp International Limited 2201 Interest of corporation controlled by you
Qian Tiwei 2201 Interest of corporation controlled by you

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