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Maoye Commercial Co (SHSE:600828) Cyclically Adjusted Book per Share : ¥3.67 (As of Mar. 2025)


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What is Maoye Commercial 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.

Maoye Commercial Co's adjusted book value per share for the three months ended in Mar. 2025 was ¥4.043. 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 ¥3.67 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Maoye Commercial Co's average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.30% 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 Maoye Commercial Co was 17.10% per year. The lowest was 5.00% per year. And the median was 12.50% per year.

As of today (2025-05-22), Maoye Commercial Co's current stock price is ¥4.46. Maoye Commercial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.67. Maoye Commercial Co's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maoye Commercial Co was 7.69. The lowest was 0.64. And the median was 1.65.


Maoye Commercial Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Maoye Commercial 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.

Maoye Commercial Co Cyclically Adjusted Book per Share Chart

Maoye Commercial 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 2.72 3.00 3.27 3.46 3.62

Maoye Commercial 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 3.52 3.54 3.61 3.62 3.67

Competitive Comparison of Maoye Commercial Co's Cyclically Adjusted Book per Share

For the Department Stores subindustry, Maoye Commercial 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.


Maoye Commercial Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Maoye Commercial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Maoye Commercial 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, Maoye Commercial 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)
=4.043/115.1156*115.1156
=4.043

Current CPI (Mar. 2025) = 115.1156.

Maoye Commercial Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.258 99.500 2.612
201509 2.283 100.500 2.615
201512 6.090 100.600 6.969
201603 1.636 102.200 1.843
201606 2.130 101.400 2.418
201609 2.225 102.400 2.501
201612 2.255 102.600 2.530
201703 2.378 103.200 2.653
201706 2.172 103.100 2.425
201709 2.290 104.100 2.532
201712 3.326 104.500 3.664
201803 3.018 105.300 3.299
201806 2.987 104.900 3.278
201809 3.141 106.600 3.392
201812 3.248 106.500 3.511
201903 3.526 107.700 3.769
201906 3.579 107.700 3.825
201909 3.712 109.800 3.892
201912 3.897 111.200 4.034
202003 3.903 112.300 4.001
202006 3.699 110.400 3.857
202009 3.790 111.700 3.906
202012 3.788 111.500 3.911
202103 3.911 112.662 3.996
202106 3.853 111.769 3.968
202109 3.869 112.215 3.969
202112 4.079 113.108 4.151
202203 4.118 114.335 4.146
202206 4.014 114.558 4.034
202209 3.990 115.339 3.982
202212 4.135 115.116 4.135
202303 4.201 115.116 4.201
202306 4.144 114.558 4.164
202309 4.133 115.339 4.125
202312 4.021 114.781 4.033
202403 4.073 115.227 4.069
202406 4.099 114.781 4.111
202409 4.109 115.785 4.085
202412 4.028 114.893 4.036
202503 4.043 115.116 4.043

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


Maoye Commercial Co  (SHSE:600828) 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.

Maoye Commercial Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.46/3.67
=1.22

* 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 Maoye Commercial Co was 7.69. The lowest was 0.64. And the median was 1.65.


Be Aware

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


Maoye Commercial Co Cyclically Adjusted Book per Share Related Terms

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


Maoye Commercial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 19 Dongyu Street, Sichuan Province, Chengdu, CHN, 610011
Maoye Commercial Co Ltd, formerly Chengshang Group Co Ltd is a China-based company engaged in retail and real estate development.
Executives
Yan Yi Jia senior management
Wang Hui Supervisors

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