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Ningbo Peacebird Fashion Co (SHSE:603877) Cyclically Adjusted Book per Share : ¥7.51 (As of Sep. 2024)


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What is Ningbo Peacebird Fashion 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.

Ningbo Peacebird Fashion Co's adjusted book value per share for the three months ended in Sep. 2024 was ¥9.205. 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 ¥7.51 for the trailing ten years ended in Sep. 2024.

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.

As of today (2024-12-15), Ningbo Peacebird Fashion Co's current stock price is ¥15.44. Ningbo Peacebird Fashion Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ¥7.51. Ningbo Peacebird Fashion Co's Cyclically Adjusted PB Ratio of today is 2.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ningbo Peacebird Fashion Co was 2.39. The lowest was 1.53. And the median was 1.89.


Ningbo Peacebird Fashion Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ningbo Peacebird Fashion 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.

Ningbo Peacebird Fashion Co Cyclically Adjusted Book per Share Chart

Ningbo Peacebird Fashion Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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Ningbo Peacebird Fashion Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - 7.34 7.27 7.51

Competitive Comparison of Ningbo Peacebird Fashion Co's Cyclically Adjusted Book per Share

For the Apparel Retail subindustry, Ningbo Peacebird Fashion 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.


Ningbo Peacebird Fashion Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Ningbo Peacebird Fashion 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, Ningbo Peacebird Fashion Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=9.205/115.7848*115.7848
=9.205

Current CPI (Sep. 2024) = 115.7848.

Ningbo Peacebird Fashion Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 2.452 97.624 2.908
201406 2.570 98.200 3.030
201412 3.385 99.000 3.959
201509 0.000 100.500 0.000
201512 4.236 100.600 4.875
201603 0.000 102.200 0.000
201606 4.077 101.400 4.655
201609 3.806 102.400 4.303
201612 4.203 102.600 4.743
201703 6.611 103.200 7.417
201706 6.186 103.100 6.947
201709 6.272 104.100 6.976
201712 6.909 104.500 7.655
201803 7.185 105.300 7.900
201806 6.650 104.900 7.340
201809 6.835 106.600 7.424
201812 7.362 106.500 8.004
201903 7.323 107.700 7.873
201906 6.437 107.700 6.920
201909 6.619 109.800 6.980
201912 7.339 111.200 7.642
202003 7.357 112.300 7.585
202006 6.902 110.400 7.239
202009 7.331 111.700 7.599
202012 8.175 111.500 8.489
202103 8.602 112.662 8.840
202106 8.247 111.769 8.543
202109 8.681 112.215 8.957
202112 8.952 113.108 9.164
202203 9.350 114.335 9.469
202206 8.609 114.558 8.701
202209 8.607 115.339 8.640
202212 8.707 115.116 8.758
202303 9.196 115.116 9.249
202306 9.172 114.558 9.270
202309 9.088 115.339 9.123
202312 9.541 114.781 9.624
202403 9.880 115.227 9.928
202406 9.322 114.781 9.404
202409 9.205 115.785 9.205

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


Ningbo Peacebird Fashion Co  (SHSE:603877) 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.

Ningbo Peacebird Fashion Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.44/7.51
=2.06

* 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 Ningbo Peacebird Fashion Co was 2.39. The lowest was 1.53. And the median was 1.89.


Be Aware

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


Ningbo Peacebird Fashion Co Cyclically Adjusted Book per Share Related Terms

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


Ningbo Peacebird Fashion Co Business Description

Traded in Other Exchanges
N/A
Address
No. 826, South Section of Huancheng West Road, Haishu, Ningbo, Zhejiang, Ningbo, CHN, 315011
Ningbo Peacebird Fashion Co Ltd is a retail-oriented multi-brand fashion company. It focuses on providing customers with fashion products of high quality at the competitive price. The main products of the company include women's, men's and children's clothing, and the main brand contains PEACEBIRD, PEACEBIRD, LED'IN, MATERIAL GIRL, AMAZING PEACE, Mini Peace, and among others. It holds more than 4000 stores across 31 provinces, autonomous regions, and municipalities. Geographically, it operates through China, however, its products are distributed in both Chinese and international market.
Executives
Wang Qing Lin senior management
Wang Ming Feng Directors, senior managers
Hong Yang Wei senior management
Weng Jiang Hong Directors, senior managers
Ou Li Min senior management
Dai Zhi Yong Director
Rong Yi Qin Supervisors
Chen Hong Chao Director
Zhang Jiang Ping Director
Zhang Jiang Bo Director
Shi Chao Qi senior management
Zhang Ting senior management
Shen Ya Xin senior management
Lou Jia Zi senior management

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