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Sunway Co (SHSE:603333) Cyclically Adjusted Book per Share : ¥3.17 (As of Mar. 2024)


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What is Sunway 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.

Sunway Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥3.466. 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 ¥3.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sunway Co's average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 Sunway Co was 1.40% per year. The lowest was 1.40% per year. And the median was 1.40% per year.

As of today (2024-05-28), Sunway Co's current stock price is ¥3.75. Sunway Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.17. Sunway Co's Cyclically Adjusted PB Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sunway Co was 4.33. The lowest was 1.15. And the median was 1.91.


Sunway Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sunway 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.

Sunway Co Cyclically Adjusted Book per Share Chart

Sunway 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 - 3.03 3.14 3.18 3.16

Sunway 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 3.18 3.16 3.18 3.16 3.17

Competitive Comparison of Sunway Co's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, Sunway 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.


Sunway Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunway Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sunway 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, Sunway 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)
=3.466/115.2271*115.2271
=3.466

Current CPI (Mar. 2024) = 115.2271.

Sunway Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.931 98.200 3.439
201409 2.902 98.900 3.381
201412 2.841 99.000 3.307
201503 2.834 99.900 3.269
201506 2.842 99.500 3.291
201509 2.866 100.500 3.286
201512 2.847 100.600 3.261
201603 2.844 102.200 3.207
201606 2.813 101.400 3.197
201609 2.788 102.400 3.137
201612 2.698 102.600 3.030
201703 2.706 103.200 3.021
201706 2.719 103.100 3.039
201709 2.742 104.100 3.035
201712 2.730 104.500 3.010
201803 2.716 105.300 2.972
201806 2.705 104.900 2.971
201809 2.762 106.600 2.986
201812 2.726 106.500 2.949
201903 2.761 107.700 2.954
201906 2.814 107.700 3.011
201909 2.876 109.800 3.018
201912 2.946 111.200 3.053
202003 2.783 112.300 2.856
202006 2.898 110.400 3.025
202009 2.972 111.700 3.066
202012 2.951 111.500 3.050
202103 2.860 112.662 2.925
202106 2.861 111.769 2.950
202109 2.879 112.215 2.956
202112 3.345 113.108 3.408
202203 3.385 114.335 3.411
202206 3.405 114.558 3.425
202209 3.393 115.339 3.390
202212 3.393 115.116 3.396
202303 3.392 115.116 3.395
202306 3.430 114.558 3.450
202309 3.443 115.339 3.440
202312 3.435 114.781 3.448
202403 3.466 115.227 3.466

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


Sunway Co  (SHSE:603333) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.75/3.17
=1.18

* 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 Sunway Co was 4.33. The lowest was 1.15. And the median was 1.91.


Be Aware

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


Sunway Co Cyclically Adjusted Book per Share Related Terms

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


Sunway Co (SHSE:603333) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Yingbin Avenue 18,High-tech Di, Leshan City, Sichuan, CHN
Website
Sunway Co Ltd, formerly Sichuan Star Cable Co Ltd is engaged in manufacture and sell of specialty wires and cables. Its main products include all kinds of wires and cables, such as fluoropolymer fire insulation cables, explosion-proof cables, and other related products.
Executives
Sheng Ye Wu Directors, senior managers
Jiang Xiang Dong Directors, senior managers
Luo Ya Jun Director
Duan Yong Xiu Supervisors
Li Guang Yuan Director
Huang Cheng Long Supervisors
Shen Lu Dong Director
Yang Ping Director
He Yu Ying Director
Zhou Feng Shu Supervisors
Huang Jie Supervisors

Sunway Co (SHSE:603333) Headlines

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