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Henan Mingtai Al Industrial Co (SHSE:601677) Cyclically Adjusted Book per Share : ¥8.62 (As of Mar. 2024)


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What is Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥13.096. 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 ¥8.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Henan Mingtai Al Industrial Co's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 Henan Mingtai Al Industrial Co was 10.80% per year. The lowest was 10.60% per year. And the median was 10.70% per year.

As of today (2024-06-03), Henan Mingtai Al Industrial Co's current stock price is ¥12.28. Henan Mingtai Al Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥8.62. Henan Mingtai Al Industrial Co's Cyclically Adjusted PB Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Henan Mingtai Al Industrial Co was 4.86. The lowest was 1.06. And the median was 1.84.


Henan Mingtai Al Industrial Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co Cyclically Adjusted Book per Share Chart

Henan Mingtai Al Industrial Co 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 5.62 6.20 6.84 7.64 8.39

Henan Mingtai Al Industrial Co 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 7.82 7.98 8.24 8.39 8.62

Competitive Comparison of Henan Mingtai Al Industrial Co's Cyclically Adjusted Book per Share

For the Aluminum subindustry, Henan Mingtai Al Industrial 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.


Henan Mingtai Al Industrial Co's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Henan Mingtai Al Industrial Co's Cyclically Adjusted PB Ratio falls into.



Henan Mingtai Al Industrial 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, Henan Mingtai Al Industrial Co'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)
=13.096/115.2271*115.2271
=13.096

Current CPI (Mar. 2024) = 115.2271.

Henan Mingtai Al Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.521 98.200 5.305
201409 4.612 98.900 5.373
201412 4.560 99.000 5.307
201503 4.823 99.900 5.563
201506 4.863 99.500 5.632
201509 4.277 100.500 4.904
201512 5.340 100.600 6.116
201603 5.421 102.200 6.112
201606 5.476 101.400 6.223
201609 5.272 102.400 5.932
201612 5.423 102.600 6.090
201703 5.473 103.200 6.111
201706 5.613 103.100 6.273
201709 5.055 104.100 5.595
201712 6.462 104.500 7.125
201803 6.795 105.300 7.436
201806 6.885 104.900 7.563
201809 7.055 106.600 7.626
201812 7.186 106.500 7.775
201903 7.358 107.700 7.872
201906 7.791 107.700 8.336
201909 8.169 109.800 8.573
201912 8.162 111.200 8.458
202003 8.307 112.300 8.524
202006 8.516 110.400 8.888
202009 9.071 111.700 9.357
202012 9.351 111.500 9.664
202103 9.622 112.662 9.841
202106 10.026 111.769 10.336
202109 10.704 112.215 10.991
202112 11.170 113.108 11.379
202203 11.742 114.335 11.834
202206 12.049 114.558 12.119
202209 12.271 115.339 12.259
202212 12.582 115.116 12.594
202303 12.930 115.116 12.943
202306 13.219 114.558 13.296
202309 13.337 115.339 13.324
202312 13.119 114.781 13.170
202403 13.096 115.227 13.096

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


Henan Mingtai Al Industrial Co  (SHSE:601677) 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.

Henan Mingtai Al Industrial Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.28/8.62
=1.42

* 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 Henan Mingtai Al Industrial Co was 4.86. The lowest was 1.06. And the median was 1.84.


Be Aware

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


Henan Mingtai Al Industrial Co Cyclically Adjusted Book per Share Related Terms

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


Henan Mingtai Al Industrial Co (SHSE:601677) Business Description

Traded in Other Exchanges
N/A
Address
Huiguo Town Development Zone, Henan Province, Gongyi, CHN, 451283
Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.
Executives
Wang Li Jiao senior management
Lei Peng senior management
Hua Xin Min Director
Sun Jun Xun senior management
Sun Hui Peng Supervisors
Liu Jie Directors, senior managers
He Zhi Gang senior management
Du You Dong Director
Hao Ming Xia senior management
Li Hao Jie Supervisors
Lei Jing Guo Director
Ma Yue Ping Supervisors

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