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eFuture Holding (eFuture Holding) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2024)


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What is eFuture Holding Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


eFuture Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for eFuture Holding'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.

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eFuture Holding Cyclically Adjusted PB Ratio Chart

eFuture Holding Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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eFuture Holding Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of eFuture Holding's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, eFuture Holding'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.


eFuture Holding's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, eFuture Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



eFuture Holding 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.

eFuture Holding's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, eFuture Holding's adjusted Book Value per Share data for the three months ended in Sep. 2016 was:

Adj_Book=Book Value per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=4.197/102.4000*102.4000
=4.197

Current CPI (Sep. 2016) = 102.4000.

eFuture Holding Quarterly Data

Book Value per Share CPI Adj_Book
200603 0.000 76.340 0.000
200606 0.000 76.034 0.000
200609 0.000 76.413 0.000
200612 3.131 77.793 4.121
200703 0.000 78.884 0.000
200706 4.911 79.357 6.337
200709 5.064 81.276 6.380
200712 4.790 82.911 5.916
200806 0.000 85.058 0.000
200812 0.000 83.956 0.000
200903 0.000 84.457 0.000
200906 5.127 83.615 6.279
200912 0.000 85.386 0.000
201003 5.255 86.316 6.234
201006 5.226 85.886 6.231
201009 0.000 87.267 0.000
201012 5.829 89.289 6.685
201103 5.345 91.154 6.004
201106 5.254 91.612 5.873
201109 5.273 92.711 5.824
201112 4.991 92.885 5.502
201203 4.919 94.367 5.338
201206 4.963 93.495 5.436
201209 4.967 94.482 5.383
201212 5.070 95.237 5.451
201303 0.000 96.372 0.000
201306 4.816 95.984 5.138
201309 0.000 97.332 0.000
201312 5.026 97.624 5.272
201403 4.718 98.600 4.900
201406 4.535 98.200 4.729
201409 4.464 98.900 4.622
201412 5.283 99.000 5.464
201503 5.051 99.900 5.177
201506 4.714 99.500 4.851
201509 4.421 100.500 4.505
201512 4.953 100.600 5.042
201603 4.649 102.200 4.658
201606 4.441 101.400 4.485
201609 4.197 102.400 4.197

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.


eFuture Holding  (NAS:EFUT) 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.


eFuture Holding Cyclically Adjusted PB Ratio Related Terms

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eFuture Holding (eFuture Holding) Business Description

Industry
Traded in Other Exchanges
N/A
Address
E-Future Information Technology, Inc., established under the Cayman Islands Companies Law on November 2, 2000. The Company changed its name from 'e-Future Information Technology Inc.' to 'eFuture Information Technology Inc.' in December 2008. It provides software and services to China's retail and consumer goods industries. It offers one-stop, end-to-end integrated portfolio of software and services from factory to consumer on seven verticals: Fast Moving Consumer Goods (FMCG), Department Store, Shopping Mall, Grocery, Logistics, Specialty Store and Online Retailers. Its clients include manufacturers, distributors, resellers, logistics companies and retailers. The Company's client base encompasses corporations such as Procter & Gamble, Pepsi, L'Oreal, Kimberly-Clark, Gucci and B&Q as well as Chinese companies. The Company has three business lines: software, professional services and cloud service. Its software solutions include the management of merchandizing, distribution, warehousing, supply chains, customer relationships, logistics and points of sale. It consists of three deployable groups of products: Foundation Solutions, Collaborative Solutions and Intelligent Solutions. Foundation Solutions - are used to meet client needs for services such as retail management, point of sale ('POS'), distribution management, logistics management, warehouse management, vendor payment and control and loyalty card management. Collaborative Solutions - are used to meet client needs for services such as visual SCM and visual process management systems. Depending on the type of customer and their needs, clients use a variety of Collaborative Solutions. Intelligent Solutions - are used to meet client needs for services such as business intelligence, brand analysis, supplier relationship management and customer relationship management systems. Professional Services includes recurring maintenance and support services on existing software installations, delivery services, consulting services and outsourcing services. Maintenance and Support Service - is provided following the installation of its software solutions, as clients will typically require ongoing maintenance support and software upgrades to ensure the efficient operation of their system. Consulting Service - is provided by its consulting services group which consists of business consultants, systems analysts and technical personnel. Outsourcing Service - is flexible by design to meet its clients' changing requirements. Cloud Service consists of cloud services based on cloud computing architecture, such as Salesforce Automation. Its regional service centers in Beijing, Shanghai, Guangzhou, Wuhan, Qingdao, Xi'an, Fuzhou, Hangzhou, Nanjing, Chongqing and Shenzhen.

eFuture Holding (eFuture Holding) Headlines