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Zhejiang Qianjiang Biochemical Co (SHSE:600796) Cyclically Adjusted PB Ratio : 1.93 (As of May. 28, 2024)


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What is Zhejiang Qianjiang Biochemical Co Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Zhejiang Qianjiang Biochemical Co's current share price is ¥4.93. Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.55. Zhejiang Qianjiang Biochemical Co's Cyclically Adjusted PB Ratio for today is 1.93.

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: 1.95

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
59.2% of 174 companies
in the Agriculture industry
Industry Median: 1.445 vs SHSE:600796: 1.95

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 ¥2.55 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 2.33

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 2.33 1.92

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
=4.93/2.55
=1.93

* 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)
=3.655/115.2271*115.2271
=3.655

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Qianjiang Biochemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.837 98.200 2.156
201409 1.829 98.900 2.131
201412 1.812 99.000 2.109
201503 1.830 99.900 2.111
201506 1.851 99.500 2.144
201509 1.861 100.500 2.134
201512 1.900 100.600 2.176
201603 1.946 102.200 2.194
201606 1.979 101.400 2.249
201609 2.026 102.400 2.280
201612 2.009 102.600 2.256
201703 2.023 103.200 2.259
201706 2.076 103.100 2.320
201709 2.095 104.100 2.319
201712 2.096 104.500 2.311
201803 2.077 105.300 2.273
201806 2.044 104.900 2.245
201809 2.004 106.600 2.166
201812 1.918 106.500 2.075
201903 1.900 107.700 2.033
201906 1.936 107.700 2.071
201909 1.882 109.800 1.975
201912 1.981 111.200 2.053
202003 1.965 112.300 2.016
202006 1.966 110.400 2.052
202009 1.950 111.700 2.012
202012 6.177 111.500 6.383
202103 1.975 112.662 2.020
202106 2.017 111.769 2.079
202109 0.709 112.215 0.728
202112 3.338 113.108 3.401
202203 3.380 114.335 3.406
202206 3.330 114.558 3.349
202209 3.388 115.339 3.385
202212 3.479 115.116 3.482
202303 3.515 115.116 3.518
202306 3.475 114.558 3.495
202309 3.539 115.339 3.536
202312 3.621 114.781 3.635
202403 3.655 115.227 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

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


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.
Executives
Zhu Jin Shan Director
Shen Jian Hao senior management
Huang Yong You senior management
Gao Yun Yue Director
Zhu Yi Tong Director
Zheng Wei Jian Director
Hu Ming Director
Si Wen Supervisors
Song Jiang Lin senior management
Zhu Bing Qi Supervisors
Yu Qiang Supervisors
Fan Ke Sen Supervisors
Qiu Guo Yin senior management
Xu Hai Ying Supervisors
Gu Jian Zhong Supervisors

Zhejiang Qianjiang Biochemical Co (SHSE:600796) Headlines

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