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Adama (SZSE:200553) Cyclically Adjusted PB Ratio : 0.71 (As of Oct. 31, 2024)


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What is Adama Cyclically Adjusted PB Ratio?

As of today (2024-10-31), Adama's current share price is HK$2.69. Adama's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was HK$3.78. Adama's Cyclically Adjusted PB Ratio for today is 0.71.

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

SZSE:200553' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.95   Max: 9.47
Current: 0.94

During the past years, Adama's highest Cyclically Adjusted PB Ratio was 9.47. The lowest was 0.49. And the median was 1.95.

SZSE:200553's Cyclically Adjusted PB Ratio is ranked better than
68.82% of 170 companies
in the Agriculture industry
Industry Median: 1.54 vs SZSE:200553: 0.94

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.

Adama's adjusted book value per share data for the three months ended in Jun. 2024 was HK$9.695. 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 HK$3.78 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adama Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Adama'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.

Adama Cyclically Adjusted PB Ratio Chart

Adama 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 1.90 1.31 1.25 1.19 0.84

Adama Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.07 0.96 0.84 0.70 0.53

Competitive Comparison of Adama's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, Adama'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.


Adama's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Adama's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Adama's Cyclically Adjusted PB Ratio falls into.



Adama 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.

Adama's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.69/3.78
=0.71

* 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.

Adama's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Adama's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=9.695/114.7809*114.7809
=9.695

Current CPI (Jun. 2024) = 114.7809.

Adama Quarterly Data

Book Value per Share CPI Adj_Book
201409 4.150 98.900 4.816
201412 4.235 99.000 4.910
201503 4.371 99.900 5.022
201506 4.357 99.500 5.026
201509 4.308 100.500 4.920
201512 4.244 100.600 4.842
201603 4.234 102.200 4.755
201606 4.170 101.400 4.720
201609 4.123 102.400 4.622
201612 31.938 102.600 35.730
201703 3.915 103.200 4.354
201706 4.196 103.100 4.671
201709 8.890 104.100 9.802
201712 9.547 104.500 10.486
201803 10.303 105.300 11.231
201806 10.688 104.900 11.695
201809 10.477 106.600 11.281
201812 10.560 106.500 11.381
201903 10.632 107.700 11.331
201906 10.425 107.700 11.110
201909 10.454 109.800 10.928
201912 10.175 111.200 10.503
202003 10.172 112.300 10.397
202006 10.141 110.400 10.543
202009 10.662 111.700 10.956
202012 10.799 111.500 11.117
202103 11.123 112.662 11.332
202106 11.113 111.769 11.412
202109 10.942 112.215 11.192
202112 11.076 113.108 11.240
202203 11.300 114.335 11.344
202206 11.339 114.558 11.361
202209 11.313 115.339 11.258
202212 11.084 115.116 11.052
202303 11.216 115.116 11.183
202306 11.100 114.558 11.122
202309 10.425 115.339 10.375
202312 10.293 114.781 10.293
202403 10.101 115.227 10.062
202406 9.695 114.781 9.695

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.


Adama  (SZSE:200553) 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.


Adama Cyclically Adjusted PB Ratio Related Terms

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


Adama Business Description

Industry
Traded in Other Exchanges
Address
No. 93, East Beijing Road, Hubei, Jingzhou, CHN, 434001
Adama Ltd produces farm chemicals for crop protection. It operates in two segments: Crop Protection and Intermediates & ingredients. The Crop Protection segment includes the manufacture and marketing of conventional agrochemical products and operations in the seeds sector. The intermediates & ingredients segment includes a large number of sub-fields, including Lycopan (an oxidization retardant), aromatic products, and other chemicals. The firm generates the vast majority of its revenue from the Crop Protection segment. Its geographical segments are Europe; Latin America; North America; Africa, Middle East, and India; and the Asia Pacific.
Executives
Liu Jun Supervisors

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