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Adama (SZSE:200553) Cyclically Adjusted PB Ratio : 0.74 (As of May. 31, 2024)


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What is Adama Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Adama's current share price is HK$2.12. Adama's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$2.88. Adama's Cyclically Adjusted PB Ratio for today is 0.74.

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: 0.69   Med: 2.63   Max: 9.47
Current: 0.74

During the past years, Adama's highest Cyclically Adjusted PB Ratio was 9.47. The lowest was 0.69. And the median was 2.63.

SZSE:200553's Cyclically Adjusted PB Ratio is ranked better than
78.69% of 183 companies
in the Agriculture industry
Industry Median: 1.55 vs SZSE:200553: 0.74

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 Mar. 2024 was HK$10.101. 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$2.88 for the trailing ten years ended in Mar. 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
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 1.17 1.07 0.96 0.84 0.70

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
=2.12/2.88
=0.74

* 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 Mar. 2024 is calculated as:

For example, Adama'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)
=10.101/115.2271*115.2271
=10.101

Current CPI (Mar. 2024) = 115.2271.

Adama Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.790 98.200 4.447
201409 4.150 98.900 4.835
201412 4.235 99.000 4.929
201503 4.371 99.900 5.042
201506 4.357 99.500 5.046
201509 4.308 100.500 4.939
201512 4.244 100.600 4.861
201603 4.234 102.200 4.774
201606 4.170 101.400 4.739
201609 4.123 102.400 4.639
201612 31.938 102.600 35.869
201703 3.915 103.200 4.371
201706 4.196 103.100 4.690
201709 8.890 104.100 9.840
201712 9.547 104.500 10.527
201803 10.303 105.300 11.274
201806 10.688 104.900 11.740
201809 10.477 106.600 11.325
201812 10.560 106.500 11.425
201903 10.632 107.700 11.375
201906 10.425 107.700 11.154
201909 10.454 109.800 10.971
201912 10.175 111.200 10.543
202003 10.172 112.300 10.437
202006 10.141 110.400 10.584
202009 10.662 111.700 10.999
202012 10.799 111.500 11.160
202103 11.123 112.662 11.376
202106 11.113 111.769 11.457
202109 10.942 112.215 11.236
202112 11.076 113.108 11.284
202203 11.300 114.335 11.388
202206 11.339 114.558 11.405
202209 11.313 115.339 11.302
202212 11.084 115.116 11.095
202303 11.216 115.116 11.227
202306 11.100 114.558 11.165
202309 10.425 115.339 10.415
202312 10.293 114.781 10.333
202403 10.101 115.227 10.101

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 (SZSE:200553) 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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