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China Enterprise Co (SHSE:600675) Cyclically Adjusted Book per Share : ¥2.29 (As of Mar. 2025)


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What is China Enterprise Co 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.

China Enterprise Co's adjusted book value per share for the three months ended in Mar. 2025 was ¥2.447. 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 ¥2.29 for the trailing ten years ended in Mar. 2025.

During the past 12 months, China Enterprise Co's average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 China Enterprise Co was 15.60% per year. The lowest was -2.10% per year. And the median was 4.60% per year.

As of today (2025-06-02), China Enterprise Co's current stock price is ¥2.82. China Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥2.29. China Enterprise Co's Cyclically Adjusted PB Ratio of today is 1.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Enterprise Co was 6.38. The lowest was 1.00. And the median was 1.76.


China Enterprise Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for China Enterprise Co'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.

China Enterprise Co Cyclically Adjusted Book per Share Chart

China Enterprise Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 2.44 2.42 2.35 2.29

China Enterprise Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.34 2.31 2.31 2.29 2.29

Competitive Comparison of China Enterprise Co's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, China Enterprise Co'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.


China Enterprise Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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China Enterprise Co 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, China Enterprise Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.447/115.1156*115.1156
=2.447

Current CPI (Mar. 2025) = 115.1156.

China Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.039 99.500 2.359
201509 1.725 100.500 1.976
201512 1.214 100.600 1.389
201603 1.132 102.200 1.275
201606 1.153 101.400 1.309
201609 1.298 102.400 1.459
201612 1.454 102.600 1.631
201703 1.458 103.200 1.626
201706 1.621 103.100 1.810
201709 1.583 104.100 1.751
201712 5.145 104.500 5.668
201803 0.647 105.300 0.707
201806 1.775 104.900 1.948
201809 1.641 106.600 1.772
201812 2.256 106.500 2.439
201903 2.471 107.700 2.641
201906 2.380 107.700 2.544
201909 2.412 109.800 2.529
201912 2.491 111.200 2.579
202003 2.511 112.300 2.574
202006 2.451 110.400 2.556
202009 2.456 111.700 2.531
202012 2.579 111.500 2.663
202103 2.588 112.662 2.644
202106 2.579 111.769 2.656
202109 2.585 112.215 2.652
202112 2.548 113.108 2.593
202203 2.530 114.335 2.547
202206 2.443 114.558 2.455
202209 2.419 115.339 2.414
202212 2.361 115.116 2.361
202303 2.455 115.116 2.455
202306 2.325 114.558 2.336
202309 2.471 115.339 2.466
202312 2.433 114.781 2.440
202403 2.398 115.227 2.396
202406 2.347 114.781 2.354
202409 2.338 115.785 2.324
202412 2.371 114.893 2.376
202503 2.447 115.116 2.447

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


China Enterprise Co  (SHSE:600675) 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.

China Enterprise Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.82/2.29
=1.23

* 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 China Enterprise Co was 6.38. The lowest was 1.00. And the median was 1.76.


Be Aware

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


China Enterprise Co Cyclically Adjusted Book per Share Related Terms

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


China Enterprise Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 2 Huashan Road, Shanghai, CHN, 200125
China Enterprise Co Ltd is principally engaged in the development and operation of real estate. The company provides housing renovation, housing loans, real estate brokerage, and other services. China Enterprise also provides repair services.
Executives
Wang Bin Director
Dong Hong senior management
Yin Xue Qing senior management
Zhong Yi Ming senior management
Ni Bo Shi senior management
Tang Zhe Supervisors
Ling Xiao Jie senior management
Lu Yun Feng senior management
Dai Zhi Wei Director
Chen Li Supervisors
Jiang Wei Director
Zhu Sheng Jie Director
Sun Yi senior management
Zhang Di Ming Supervisors
Li Min senior management

China Enterprise Co Headlines

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