Zhengye International Holdings Co (HKSE:03363) Cyclically Adjusted PB Ratio : 0.22 (As of May. 09, 2024)

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What is Zhengye International Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-09), Zhengye International Holdings Co's current share price is HK$0.475. Zhengye International Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$2.14. Zhengye International Holdings Co's Cyclically Adjusted PB Ratio for today is 0.22.

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

HKSE:03363' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.35 Max: 0.52
Current: 0.22

During the past 13 years, Zhengye International Holdings Co's highest Cyclically Adjusted PB Ratio was 0.52. The lowest was 0.21. And the median was 0.35.

HKSE:03363's Cyclically Adjusted PB Ratio is ranked better than
87.56% of 217 companies
in the Forest Products industry
Industry Median: 0.89 vs HKSE:03363: 0.22

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.

Zhengye International Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$2.382. 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$2.14 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Zhengye International Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhengye International Holdings 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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Zhengye International Holdings Co Cyclically Adjusted PB Ratio Chart

Zhengye International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.46

0.30

0.36

0.27

0.22

Zhengye International Holdings 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															0.36	-	0.27	-	0.22

Competitive Comparison of Zhengye International Holdings Co's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Zhengye International Holdings 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.

Zhengye International Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhengye International Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Zhengye International Holdings 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.

Zhengye International Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.475	/	2.14
	=	0.22

Zhengye International Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Zhengye International Holdings 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)
	=	2.382	/	114.6694	*	114.6694
	=	2.382

Current CPI (Dec23) = 114.6694.

Zhengye International Holdings Co Annual Data

	Book Value per Share	CPI	Adj_Book
201412	1.372	99.000	1.589
201512	1.415	100.600	1.613
201612	1.526	102.600	1.706
201712	1.980	104.500	2.173
201812	2.030	106.500	2.186
201912	2.061	111.200	2.125
202012	2.290	111.500	2.355
202112	2.722	113.108	2.760
202212	2.487	115.116	2.477
202312	2.382	114.669	2.382

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.

Zhengye International Holdings Co (HKSE:03363) 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.

Zhengye International Holdings Co Cyclically Adjusted PB Ratio Related Terms

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Zhengye International Holdings Co (HKSE:03363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhengye International Holdings Co Ltd (HKSE:03363) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Boai No.6 Road, 20th Floor, Building 2, Ocean Plaza, Eastern District, Guangdong, Zhongshan, CHN

Website

http://www.zhengye-cn.com

Zhengye International Holdings Co Ltd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the manufacturing and sale of paper, paperboard and paper-based packaging products. Operating Segments of the company are 1) Packaging paper segment produces and sells corrugated medium paper and craft paper. 2) Paper-based packaging products segment produces and sells craft cartons, color-printed cartons, honeycomb paper products and color box packaging. It operates in PRC.

Zhengye International Holdings Co (HKSE:03363) Headlines

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