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Yifeng Pharmacy Chain Co (SHSE:603939) Cyclically Adjusted PB Ratio : 8.79 (As of May. 26, 2024)


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What is Yifeng Pharmacy Chain Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Yifeng Pharmacy Chain Co's current share price is ¥45.45. Yifeng Pharmacy Chain Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥5.17. Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio for today is 8.79.

The historical rank and industry rank for Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603939' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.65   Med: 8.11   Max: 9.49
Current: 8.8

During the past years, Yifeng Pharmacy Chain Co's highest Cyclically Adjusted PB Ratio was 9.49. The lowest was 6.65. And the median was 8.11.

SHSE:603939's Cyclically Adjusted PB Ratio is ranked worse than
91.17% of 317 companies
in the Healthcare Providers & Services industry
Industry Median: 1.99 vs SHSE:603939: 8.80

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.

Yifeng Pharmacy Chain Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥10.285. 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 ¥5.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yifeng Pharmacy Chain Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yifeng Pharmacy Chain 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.

Yifeng Pharmacy Chain Co Cyclically Adjusted PB Ratio Chart

Yifeng Pharmacy Chain 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 - - - - 7.99

Yifeng Pharmacy Chain 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 9.49 8.13 7.30 7.99 7.71

Competitive Comparison of Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio

For the Pharmaceutical Retailers subindustry, Yifeng Pharmacy Chain 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.


Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio falls into.



Yifeng Pharmacy Chain 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.

Yifeng Pharmacy Chain Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.45/5.17
=8.79

* 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.

Yifeng Pharmacy Chain Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yifeng Pharmacy Chain 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)
=10.285/115.2271*115.2271
=10.285

Current CPI (Mar. 2024) = 115.2271.

Yifeng Pharmacy Chain Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.846 98.200 0.993
201409 0.000 98.900 0.000
201412 0.724 99.000 0.843
201503 1.664 99.900 1.919
201506 1.721 99.500 1.993
201509 1.669 100.500 1.914
201512 1.731 100.600 1.983
201603 1.795 102.200 2.024
201606 1.869 101.400 2.124
201609 3.134 102.400 3.527
201612 3.206 102.600 3.601
201703 3.281 103.200 3.663
201706 3.255 103.100 3.638
201709 3.326 104.100 3.682
201712 3.427 104.500 3.779
201803 3.536 105.300 3.869
201806 3.552 104.900 3.902
201809 3.520 106.600 3.805
201812 4.227 106.500 4.573
201903 4.381 107.700 4.687
201906 4.494 107.700 4.808
201909 4.593 109.800 4.820
201912 4.669 111.200 4.838
202003 4.882 112.300 5.009
202006 5.247 110.400 5.476
202009 5.435 111.700 5.607
202012 5.539 111.500 5.724
202103 6.903 112.662 7.060
202106 7.006 111.769 7.223
202109 7.232 112.215 7.426
202112 7.435 113.108 7.574
202203 7.710 114.335 7.770
202206 7.788 114.558 7.834
202209 7.993 115.339 7.985
202212 8.465 115.116 8.473
202303 8.921 115.116 8.930
202306 9.062 114.558 9.115
202309 9.295 115.339 9.286
202312 9.702 114.781 9.740
202403 10.285 115.227 10.285

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.


Yifeng Pharmacy Chain Co  (SHSE:603939) 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.


Yifeng Pharmacy Chain Co Cyclically Adjusted PB Ratio Related Terms

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


Yifeng Pharmacy Chain Co (SHSE:603939) Business Description

Traded in Other Exchanges
N/A
Address
No. 68 Yifeng Medicine Park, Hunan Lugu High-tech Zone, Jinzhou Road, Changsha, CHN, 410000
Yifeng Pharmacy Chain Co Ltd operates as a chain of retail stores that specialize in pharmaceutical and over-the-counter remedies and personal care products in China. Its products include pharmaceuticals, medical equipment, health products, health food, personal care products also maternal and child products. Its stores offer various drugs; gynecological medicines; pediatric medicines: male medicines; contact lenses; Chinese products; nutrition and instruments; and personal care products.
Executives
Xiao Zai Xiang senior management
Tian Wei senior management
Wang Fei senior management
Deng Jian Qin senior management
Wang Yong Hui senior management
Fan Wei senior management
Zhang Jia senior management
Gao You Cheng Directors, senior managers
Gao Yi Directors, senior managers
Zhang En Bo Supervisors

Yifeng Pharmacy Chain Co (SHSE:603939) Headlines

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