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Zhejiang Qianjiang Biochemical Co (SHSE:600796) Cyclically Adjusted PB Ratio : 2.08 (As of May. 14, 2024)


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What is Zhejiang Qianjiang Biochemical Co Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Zhejiang Qianjiang Biochemical Co's current share price is ¥5.28. Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.54. Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio for today is 2.08.

The historical rank and industry rank for Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600796' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.65   Med: 3.04   Max: 11.05
Current: 2.12

During the past years, Zhejiang Qianjiang Biochemical Co's highest Cyclically Adjusted PB Ratio was 11.05. The lowest was 1.65. And the median was 3.04.

SHSE:600796's Cyclically Adjusted PB Ratio is ranked worse than
64.07% of 167 companies
in the Agriculture industry
Industry Median: 1.47 vs SHSE:600796: 2.12

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.

Zhejiang Qianjiang Biochemical Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥3.655. 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 ¥2.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Qianjiang Biochemical Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhejiang Qianjiang Biochemical 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.

* Premium members only.

Zhejiang Qianjiang Biochemical Co Cyclically Adjusted PB Ratio Chart

Zhejiang Qianjiang Biochemical Co 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 2.64 2.28 2.58 2.25 2.34

Zhejiang Qianjiang Biochemical Co 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 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 2.24 2.16 2.20 2.34 1.93

Competitive Comparison of Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, Zhejiang Qianjiang Biochemical 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.


Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio falls into.



Zhejiang Qianjiang Biochemical 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.

Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.28/2.54
=2.08

* 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.

Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Qianjiang Biochemical Co'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)
=3.655/114.6694*114.6694
=3.655

Current CPI (Mar. 2024) = 114.6694.

Zhejiang Qianjiang Biochemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.837 98.200 2.145
201409 1.829 98.900 2.121
201412 1.812 99.000 2.099
201503 1.830 99.900 2.101
201506 1.851 99.500 2.133
201509 1.861 100.500 2.123
201512 1.900 100.600 2.166
201603 1.946 102.200 2.183
201606 1.979 101.400 2.238
201609 2.026 102.400 2.269
201612 2.009 102.600 2.245
201703 2.023 103.200 2.248
201706 2.076 103.100 2.309
201709 2.095 104.100 2.308
201712 2.096 104.500 2.300
201803 2.077 105.300 2.262
201806 2.044 104.900 2.234
201809 2.004 106.600 2.156
201812 1.918 106.500 2.065
201903 1.900 107.700 2.023
201906 1.936 107.700 2.061
201909 1.882 109.800 1.965
201912 1.981 111.200 2.043
202003 1.965 112.300 2.006
202006 1.966 110.400 2.042
202009 1.950 111.700 2.002
202012 6.177 111.500 6.353
202103 1.975 112.662 2.010
202106 2.017 111.769 2.069
202109 0.709 112.215 0.725
202112 3.338 113.108 3.384
202203 3.380 114.335 3.390
202206 3.330 114.558 3.333
202209 3.388 115.339 3.368
202212 3.479 115.116 3.466
202303 3.515 115.116 3.501
202306 3.475 114.558 3.478
202309 3.539 115.339 3.518
202312 3.621 114.669 3.621
202403 3.655 114.669 3.655

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.


Zhejiang Qianjiang Biochemical Co  (SHSE:600796) 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.


Zhejiang Qianjiang Biochemical Co Cyclically Adjusted PB Ratio Related Terms

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Zhejiang Qianjiang Biochemical Co (SHSE:600796) Business Description

Traded in Other Exchanges
N/A
Address
No.178 Qianjiang West Road, Haizhou Street, Qianjiang Building, Zhejiang Province, Haining, CHN, 314400
Zhejiang Qianjiang Biochemical Co Ltd is primarily engaged in the production of bio-pesticides, bio-veterinary drugs, and biopharmaceuticals. The company's product profile includes gibberellic acid, abamectin, methylamino abamectin, validamycin, and other products.

Zhejiang Qianjiang Biochemical Co (SHSE:600796) Headlines

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