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Huadian Power International (SHSE:600027) Cyclically Adjusted Book per Share : ¥5.75 (As of Mar. 2024)


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What is Huadian Power International 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.

Huadian Power International's adjusted book value per share for the three months ended in Mar. 2024 was ¥7.204. 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 ¥5.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Huadian Power International's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.00% 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 Huadian Power International was 11.50% per year. The lowest was 7.30% per year. And the median was 8.65% per year.

As of today (2024-05-12), Huadian Power International's current stock price is ¥6.89. Huadian Power International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥5.75. Huadian Power International's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Huadian Power International was 3.78. The lowest was 0.67. And the median was 1.17.


Huadian Power International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Huadian Power International'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.

Huadian Power International Cyclically Adjusted Book per Share Chart

Huadian Power International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.05 4.47 4.95 5.35 5.67

Huadian Power International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.43 5.49 5.62 5.67 5.75

Competitive Comparison of Huadian Power International's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Huadian Power International'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.


Huadian Power International's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huadian Power International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Huadian Power International 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, Huadian Power International'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)
=7.204/114.6694*114.6694
=7.204

Current CPI (Mar. 2024) = 114.6694.

Huadian Power International Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.257 98.200 3.803
201409 3.408 98.900 3.951
201412 3.877 99.000 4.491
201503 3.797 99.900 4.358
201506 3.731 99.500 4.300
201509 4.137 100.500 4.720
201512 4.296 100.600 4.897
201603 4.465 102.200 5.010
201606 4.248 101.400 4.804
201609 4.359 102.400 4.881
201612 4.321 102.600 4.829
201703 4.323 103.200 4.803
201706 4.170 103.100 4.638
201709 4.168 104.100 4.591
201712 4.234 104.500 4.646
201803 4.304 105.300 4.687
201806 4.325 104.900 4.728
201809 4.887 106.600 5.257
201812 5.312 106.500 5.719
201903 5.353 107.700 5.699
201906 5.654 107.700 6.020
201909 5.931 109.800 6.194
201912 6.236 111.200 6.431
202003 6.866 112.300 7.011
202006 6.804 110.400 7.067
202009 6.914 111.700 7.098
202012 7.542 111.500 7.756
202103 7.424 112.662 7.556
202106 7.309 111.769 7.499
202109 7.031 112.215 7.185
202112 6.273 113.108 6.360
202203 6.318 114.335 6.336
202206 6.228 114.558 6.234
202209 6.279 115.339 6.243
202212 6.028 115.116 6.005
202303 6.453 115.116 6.428
202306 6.730 114.558 6.737
202309 7.166 115.339 7.124
202312 6.820 114.669 6.820
202403 7.204 114.669 7.204

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


Huadian Power International  (SHSE:600027) 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.

Huadian Power International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.89/5.75
=1.20

* 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 Huadian Power International was 3.78. The lowest was 0.67. And the median was 1.17.


Be Aware

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


Huadian Power International Cyclically Adjusted Book per Share Related Terms

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


Huadian Power International (SHSE:600027) Business Description

Traded in Other Exchanges
Address
No. 2 Xuanwumennei Street, Xicheng District, Beijing, CHN, 100031
Huadian Power International Corp Ltd is engaged in the generation of electricity and heat, sales of coal and other relevant businesses in the PRC.

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