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Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Cyclically Adjusted PB Ratio : 3.73 (As of May. 25, 2024)


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What is Zhejiang Huatie Emergency Equipment Science & Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Zhejiang Huatie Emergency Equipment Science & Technology Co's current share price is ¥6.04. Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥1.62. Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio for today is 3.73.

The historical rank and industry rank for Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603300' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.39   Med: 3.99   Max: 4.4
Current: 4.04

During the past years, Zhejiang Huatie Emergency Equipment Science & Technology Co's highest Cyclically Adjusted PB Ratio was 4.40. The lowest was 3.39. And the median was 3.99.

SHSE:603300's Cyclically Adjusted PB Ratio is ranked worse than
77.98% of 663 companies
in the Business Services industry
Industry Median: 1.59 vs SHSE:603300: 4.04

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 Huatie Emergency Equipment Science & Technology Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥2.906. 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 ¥1.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Huatie Emergency Equipment Science & Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhejiang Huatie Emergency Equipment Science & Technology 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 Huatie Emergency Equipment Science & Technology Co Cyclically Adjusted PB Ratio Chart

Zhejiang Huatie Emergency Equipment Science & Technology 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 - - - - 4.05

Zhejiang Huatie Emergency Equipment Science & Technology 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 4.35 3.71 4.01 4.05 3.76

Competitive Comparison of Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Zhejiang Huatie Emergency Equipment Science & Technology 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 Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio falls into.



Zhejiang Huatie Emergency Equipment Science & Technology 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 Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.04/1.62
=3.73

* 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 Huatie Emergency Equipment Science & Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Huatie Emergency Equipment Science & Technology 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)
=2.906/115.2271*115.2271
=2.906

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Huatie Emergency Equipment Science & Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 98.200 0.000
201409 0.000 98.900 0.000
201412 0.747 99.000 0.869
201503 0.580 99.900 0.669
201506 0.937 99.500 1.085
201509 0.954 100.500 1.094
201512 0.967 100.600 1.108
201603 0.982 102.200 1.107
201606 0.980 101.400 1.114
201609 0.991 102.400 1.115
201612 1.008 102.600 1.132
201703 1.029 103.200 1.149
201706 1.021 103.100 1.141
201709 1.029 104.100 1.139
201712 1.024 104.500 1.129
201803 1.218 105.300 1.333
201806 1.160 104.900 1.274
201809 1.192 106.600 1.288
201812 1.109 106.500 1.200
201903 1.159 107.700 1.240
201906 1.226 107.700 1.312
201909 1.334 109.800 1.400
201912 1.318 111.200 1.366
202003 1.346 112.300 1.381
202006 1.454 110.400 1.518
202009 1.755 111.700 1.810
202012 1.885 111.500 1.948
202103 1.930 112.662 1.974
202106 1.905 111.769 1.964
202109 2.055 112.215 2.110
202112 2.097 113.108 2.136
202203 2.136 114.335 2.153
202206 2.045 114.558 2.057
202209 2.492 115.339 2.490
202212 2.361 115.116 2.363
202303 2.433 115.116 2.435
202306 2.551 114.558 2.566
202309 2.680 115.339 2.677
202312 2.820 114.781 2.831
202403 2.906 115.227 2.906

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 Huatie Emergency Equipment Science & Technology Co  (SHSE:603300) 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 Huatie Emergency Equipment Science & Technology Co Cyclically Adjusted PB Ratio Related Terms

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Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Business Description

Traded in Other Exchanges
N/A
Address
E-Commerce Park East, 4th Floor, 5, 9 Shing Road, Jianggan District, Hangzhou, CHN, 310019
Zhejiang Huatie Emergency Equipment Science & Technology Co Ltd Zhejiang Huatie Construction Safety Science And Technology Co Ltd provides professional, safe and environmentally-friendly safety support and ancillary services for all types of construction projects throughout the country.
Executives
Zhou Wei Hong senior management
Hu Dan Feng Director
Gui Lin Supervisors
Guo Hai Bin senior management
Ying Da Cheng Director

Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Headlines

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