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Suzhou Anjie Technology Co (SZSE:002635) Cyclically Adjusted PB Ratio : 1.99 (As of May. 22, 2024)


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What is Suzhou Anjie Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Suzhou Anjie Technology Co's current share price is ¥14.89. Suzhou Anjie Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥7.50. Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio for today is 1.99.

The historical rank and industry rank for Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:002635' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.27   Max: 6.32
Current: 1.98

During the past years, Suzhou Anjie Technology Co's highest Cyclically Adjusted PB Ratio was 6.32. The lowest was 1.50. And the median was 2.27.

SZSE:002635's Cyclically Adjusted PB Ratio is ranked worse than
56.98% of 1869 companies
in the Hardware industry
Industry Median: 1.65 vs SZSE:002635: 1.98

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.

Suzhou Anjie Technology Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥8.882. 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 ¥7.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Suzhou Anjie Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Suzhou Anjie 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.

Suzhou Anjie Technology Co Cyclically Adjusted PB Ratio Chart

Suzhou Anjie 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 3.61 3.26 2.85 1.84 2.23

Suzhou Anjie 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 2.18 1.97 1.90 2.23 1.89

Competitive Comparison of Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Suzhou Anjie 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.


Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio falls into.



Suzhou Anjie 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.

Suzhou Anjie Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.89/7.5
=1.99

* 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.

Suzhou Anjie Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Suzhou Anjie 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)
=8.882/115.2271*115.2271
=8.882

Current CPI (Mar. 2024) = 115.2271.

Suzhou Anjie Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.276 98.200 2.671
201409 2.327 98.900 2.711
201412 2.357 99.000 2.743
201503 2.400 99.900 2.768
201506 3.871 99.500 4.483
201509 3.799 100.500 4.356
201512 3.981 100.600 4.560
201603 4.130 102.200 4.656
201606 4.039 101.400 4.590
201609 4.258 102.400 4.791
201612 4.439 102.600 4.985
201703 4.608 103.200 5.145
201706 4.554 103.100 5.090
201709 8.936 104.100 9.891
201712 9.002 104.500 9.926
201803 9.324 105.300 10.203
201806 9.028 104.900 9.917
201809 9.308 106.600 10.061
201812 9.418 106.500 10.190
201903 9.727 107.700 10.407
201906 9.445 107.700 10.105
201909 9.685 109.800 10.164
201912 8.247 111.200 8.546
202003 8.427 112.300 8.647
202006 7.783 110.400 8.123
202009 7.773 111.700 8.018
202012 9.432 111.500 9.747
202103 8.527 112.662 8.721
202106 8.069 111.769 8.319
202109 8.270 112.215 8.492
202112 8.453 113.108 8.611
202203 8.574 114.335 8.641
202206 8.485 114.558 8.535
202209 8.625 115.339 8.617
202212 8.648 115.116 8.656
202303 8.691 115.116 8.699
202306 8.607 114.558 8.657
202309 8.680 115.339 8.672
202312 8.792 114.781 8.826
202403 8.882 115.227 8.882

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.


Suzhou Anjie Technology Co  (SZSE:002635) 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.


Suzhou Anjie Technology Co Cyclically Adjusted PB Ratio Related Terms

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


Suzhou Anjie Technology Co (SZSE:002635) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Fujin Road, Guangfu Town, Wuzhong district, Jiangsu province, Suzhou, CHN, 215159
Suzhou Anjie Technology Co Ltd is a China-based supplier of internal and external functional components for the consumer electronics industry. It contributes to providing the production and an overall solution for smartphones, tablets, laptops, AR/VR and smart home applications. The product portfolio of the company covers tapes, insulation, buffering, shading tapes, thermal products, conductive products, optical film, touch panel, cover glass, precision metal parts, and others.

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