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Guangxi Liugong Machinery Co (SZSE:000528) Cyclically Adjusted PB Ratio : 1.37 (As of May. 24, 2024)


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What is Guangxi Liugong Machinery Co Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Guangxi Liugong Machinery Co's current share price is ¥10.50. Guangxi Liugong Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥7.64. Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio for today is 1.37.

The historical rank and industry rank for Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:000528' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.1   Max: 2.81
Current: 1.42

During the past years, Guangxi Liugong Machinery Co's highest Cyclically Adjusted PB Ratio was 2.81. The lowest was 0.75. And the median was 1.10.

SZSE:000528's Cyclically Adjusted PB Ratio is ranked better than
58.54% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.855 vs SZSE:000528: 1.42

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.

Guangxi Liugong Machinery Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥8.726. 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 ¥7.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guangxi Liugong Machinery Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Guangxi Liugong Machinery 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.

Guangxi Liugong Machinery Co Cyclically Adjusted PB Ratio Chart

Guangxi Liugong Machinery 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 1.00 1.03 1.05 0.78 0.89

Guangxi Liugong Machinery 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 0.90 1.05 0.95 0.89 1.09

Competitive Comparison of Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Guangxi Liugong Machinery 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.


Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio falls into.



Guangxi Liugong Machinery 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.

Guangxi Liugong Machinery Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.50/7.64
=1.37

* 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.

Guangxi Liugong Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Guangxi Liugong Machinery 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)
=8.726/115.2271*115.2271
=8.726

Current CPI (Mar. 2024) = 115.2271.

Guangxi Liugong Machinery Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.301 98.200 7.394
201409 6.283 98.900 7.320
201412 6.219 99.000 7.238
201503 6.250 99.900 7.209
201506 6.135 99.500 7.105
201509 6.080 100.500 6.971
201512 6.087 100.600 6.972
201603 6.103 102.200 6.881
201606 6.045 101.400 6.869
201609 6.036 102.400 6.792
201612 6.048 102.600 6.792
201703 6.145 103.200 6.861
201706 6.174 103.100 6.900
201709 6.195 104.100 6.857
201712 6.553 104.500 7.226
201803 6.366 105.300 6.966
201806 6.452 104.900 7.087
201809 6.539 106.600 7.068
201812 6.525 106.500 7.060
201903 6.622 107.700 7.085
201906 6.721 107.700 7.191
201909 6.868 109.800 7.207
201912 7.013 111.200 7.267
202003 7.122 112.300 7.308
202006 7.326 110.400 7.646
202009 7.541 111.700 7.779
202012 10.090 111.500 10.427
202103 8.049 112.662 8.232
202106 8.021 111.769 8.269
202109 8.104 112.215 8.321
202112 10.435 113.108 10.631
202203 7.992 114.335 8.054
202206 7.965 114.558 8.012
202209 8.041 115.339 8.033
202212 8.055 115.116 8.063
202303 8.279 115.116 8.287
202306 8.344 114.558 8.393
202309 8.414 115.339 8.406
202312 8.473 114.781 8.506
202403 8.726 115.227 8.726

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.


Guangxi Liugong Machinery Co  (SZSE:000528) 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.


Guangxi Liugong Machinery Co Cyclically Adjusted PB Ratio Related Terms

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Guangxi Liugong Machinery Co (SZSE:000528) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Liutai Road, Liuzhou, Guangxi, CHN, 545007
Guangxi Liugong Machinery Co Ltd is a construction equipment manufacturer that offers services to construction equipment owners. The products of the company include forklift, wheel loader, crawler excavator, wheel excavator, roller, motor grader, bulldozer, crane, concrete, mining truck, and skid steer loader.

Guangxi Liugong Machinery Co (SZSE:000528) Headlines

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