Huaneng Power International (Huaneng Power International) Cyclically Adjusted PB Ratio : 1.78 (As of May. 16, 2024)

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What is Huaneng Power International Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Huaneng Power International's current share price is $0.675. Huaneng Power International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.38. Huaneng Power International's Cyclically Adjusted PB Ratio for today is 1.78.

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

HUNGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.41 Max: 3.08
Current: 1.41

During the past years, Huaneng Power International's highest Cyclically Adjusted PB Ratio was 3.08. The lowest was 0.68. And the median was 1.41.

HUNGF's Cyclically Adjusted PB Ratio is ranked worse than
57.09% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.25 vs HUNGF: 1.41

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.

Huaneng Power International's adjusted book value per share data for the three months ended in Mar. 2024 was $1.206. 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 $0.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Huaneng Power International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Huaneng Power International'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.

Huaneng Power International Cyclically Adjusted PB Ratio Chart

Huaneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.09

0.82

1.66

1.24

1.19

Huaneng Power International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															1.38	1.47	1.23	1.19	1.43

Competitive Comparison of Huaneng Power International's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Huaneng Power International'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.

Huaneng Power International's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Huaneng Power International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Huaneng Power International's Cyclically Adjusted PB Ratio falls into.

Huaneng Power International 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.

Huaneng Power International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.675	/	0.38
	=	1.78

Huaneng Power International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Huaneng Power International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	1.206	/	115.2271	*	115.2271
	=	1.206

Current CPI (Mar. 2024) = 115.2271.

Huaneng Power International Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	0.726	98.200	0.852
201409	0.755	98.900	0.880
201412	0.840	99.000	0.978
201503	0.782	99.900	0.902
201506	0.782	99.500	0.906
201509	0.770	100.500	0.883
201512	0.810	100.600	0.928
201603	0.848	102.200	0.956
201606	0.794	101.400	0.902
201609	0.816	102.400	0.918
201612	0.840	102.600	0.943
201703	0.705	103.200	0.787
201706	0.672	103.100	0.751
201709	0.762	104.100	0.843
201712	0.758	104.500	0.836
201803	0.799	105.300	0.874
201806	0.774	104.900	0.850
201809	0.750	106.600	0.811
201812	0.770	106.500	0.833
201903	0.818	107.700	0.875
201906	0.796	107.700	0.852
201909	0.810	109.800	0.850
201912	0.896	111.200	0.928
202003	0.930	112.300	0.954
202006	1.055	110.400	1.101
202009	1.189	111.700	1.227
202012	1.186	111.500	1.226
202103	1.212	112.662	1.240
202106	1.199	111.769	1.236
202109	1.152	112.215	1.183
202112	1.055	113.108	1.075
202203	1.051	114.335	1.059
202206	0.971	114.558	0.977
202209	0.929	115.339	0.928
202212	0.992	115.116	0.993
202303	1.179	115.116	1.180
202306	1.171	114.558	1.178
202309	1.200	115.339	1.199
202312	1.179	114.781	1.184
202403	1.206	115.227	1.206

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.

Huaneng Power International (OTCPK:HUNGF) 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.

Huaneng Power International Cyclically Adjusted PB Ratio Related Terms

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

Huaneng Power International (Huaneng Power International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Huaneng Power International Inc (OTCPK:HUNGF) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

00902:Hong Kong HUP1:Germany HUP1:Germany 600011:China

Address

No. 6 Fuxingmennei Street, Huaneng Building, Xicheng District, Beijing, CHN, 100031

Website

https://www.hpi.com.cn

Huaneng Power International Inc is an independent power producer. It develops, constructs, and operates power plants in Chinese provinces, as well as a wholly-owned power company in Singapore. The reportable segments of the Group are the PRC power segment, the overseas segment and all other segments. It derives the majority of its revenue from the PRC power segment.