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Queen's Road Capital Investment (STU:47U0) Cyclically Adjusted Book per Share : €2.79 (As of Feb. 2025)


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What is Queen's Road Capital Investment Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Queen's Road Capital Investment's adjusted book value per share for the three months ended in Feb. 2025 was €4.903. 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 €2.79 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Queen's Road Capital Investment's average Cyclically Adjusted Book Growth Rate was -29.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -24.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Queen's Road Capital Investment was -24.90% per year. The lowest was -24.90% per year. And the median was -24.90% per year.

As of today (2025-05-28), Queen's Road Capital Investment's current stock price is €4.50. Queen's Road Capital Investment's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was €2.79. Queen's Road Capital Investment's Cyclically Adjusted PB Ratio of today is 1.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Queen's Road Capital Investment was 1.63. The lowest was 0.47. And the median was 0.87.


Queen's Road Capital Investment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Queen's Road Capital Investment's Cyclically Adjusted Book per Share 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.

Queen's Road Capital Investment Cyclically Adjusted Book per Share Chart

Queen's Road Capital Investment Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.48 3.28

Queen's Road Capital Investment Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cyclically Adjusted Book per Share 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 4.02 3.43 3.28 3.03 2.79

Competitive Comparison of Queen's Road Capital Investment's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Queen's Road Capital Investment'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.


Queen's Road Capital Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Queen's Road Capital Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Queen's Road Capital Investment's Cyclically Adjusted PB Ratio falls into.


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Queen's Road Capital Investment Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Queen's Road Capital Investment's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=4.903/119.3844*119.3844
=4.903

Current CPI (Feb. 2025) = 119.3844.

Queen's Road Capital Investment Quarterly Data

Book Value per Share CPI Adj_Book
201505 13.931 99.157 16.773
201508 -0.357 97.948 -0.435
201511 -0.040 101.686 -0.047
201602 -0.066 103.225 -0.076
201605 -0.091 101.686 -0.107
201608 -0.594 102.235 -0.694
201611 -0.622 103.005 -0.721
201702 -0.654 103.115 -0.757
201705 0.112 103.774 0.129
201708 0.538 104.214 0.616
201711 0.528 104.654 0.602
201802 0.491 106.303 0.551
201805 0.499 105.973 0.562
201808 0.499 106.633 0.559
201811 0.490 107.292 0.545
201902 0.482 108.501 0.530
201905 0.507 108.831 0.556
201908 0.338 110.260 0.366
201911 0.294 110.700 0.317
202002 2.113 111.030 2.272
202005 2.325 110.700 2.507
202008 2.425 109.820 2.636
202011 2.350 110.260 2.544
202102 3.617 111.469 3.874
202105 4.405 111.689 4.708
202108 4.570 111.579 4.890
202111 4.960 112.349 5.271
202202 4.966 113.338 5.231
202205 4.957 113.118 5.232
202208 5.142 113.668 5.401
202211 5.024 114.328 5.246
202302 4.449 115.317 4.606
202305 4.167 115.427 4.310
202308 4.804 115.647 4.959
202311 5.337 117.186 5.437
202402 5.696 117.735 5.776
202405 6.295 116.746 6.437
202408 4.978 118.505 5.015
202411 6.155 118.835 6.183
202502 4.903 119.384 4.903

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Queen's Road Capital Investment  (STU:47U0) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Queen's Road Capital Investment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.50/2.79
=1.61

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Queen's Road Capital Investment was 1.63. The lowest was 0.47. And the median was 0.87.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Queen's Road Capital Investment Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Queen's Road Capital Investment's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Queen's Road Capital Investment Business Description

Traded in Other Exchanges
Address
2 Queen's Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG
Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.

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