Kairuide Holding Co (SZSE:002072) Cyclically Adjusted Book per Share : ¥0.13 (As of Mar. 2024)

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What is Kairuide Holding 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.

Kairuide Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥0.148. 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 ¥0.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kairuide Holding Co's average Cyclically Adjusted Book Growth Rate was -48.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -37.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -32.70% 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 Kairuide Holding Co was -11.30% per year. The lowest was -37.60% per year. And the median was -23.90% per year.

As of today (2024-06-20), Kairuide Holding Co's current stock price is ¥3.09. Kairuide Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥0.13. Kairuide Holding Co's Cyclically Adjusted PB Ratio of today is 23.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kairuide Holding Co was 39.50. The lowest was 4.06. And the median was 11.98.

Kairuide Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kairuide Holding 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.

Kairuide Holding Co Cyclically Adjusted Book per Share Chart

Kairuide Holding 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

0.89

0.66

0.41

0.29

0.16

Kairuide Holding 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															0.25	0.22	0.19	0.16	0.13

Competitive Comparison of Kairuide Holding Co's Cyclically Adjusted Book per Share

For the Textile Manufacturing subindustry, Kairuide Holding 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.

Kairuide Holding Co's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kairuide Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Kairuide Holding Co Cyclically Adjusted Book per Share Calculation

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, Kairuide Holding 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)
	=	0.148	/	115.2271	*	115.2271
	=	0.148

Current CPI (Mar. 2024) = 115.2271.

Kairuide Holding Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	0.926	98.200	1.087
201409	0.847	98.900	0.987
201412	1.065	99.000	1.240
201503	0.969	99.900	1.118
201506	0.749	99.500	0.867
201509	0.643	100.500	0.737
201512	0.463	100.600	0.530
201603	0.398	102.200	0.449
201606	0.674	101.400	0.766
201609	0.649	102.400	0.730
201612	0.545	102.600	0.612
201703	0.529	103.200	0.591
201706	0.560	103.100	0.626
201709	0.572	104.100	0.633
201712	0.345	104.500	0.380
201803	0.316	105.300	0.346
201806	0.290	104.900	0.319
201809	0.250	106.600	0.270
201812	-1.077	106.500	-1.165
201903	-1.098	107.700	-1.175
201906	-1.167	107.700	-1.249
201909	-1.184	109.800	-1.243
201912	0.134	111.200	0.139
202003	0.147	112.300	0.151
202006	0.156	110.400	0.163
202009	0.158	111.700	0.163
202012	-1.016	111.500	-1.050
202103	-1.027	112.662	-1.050
202106	-1.033	111.769	-1.065
202109	-1.049	112.215	-1.077
202112	0.173	113.108	0.176
202203	0.177	114.335	0.178
202206	0.164	114.558	0.165
202209	0.153	115.339	0.153
202212	0.138	115.116	0.138
202303	0.138	115.116	0.138
202306	0.138	114.558	0.139
202309	0.139	115.339	0.139
202312	0.145	114.781	0.146
202403	0.148	115.227	0.148

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

Kairuide Holding Co (SZSE:002072) 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.09	/	0.13
	=	23.77

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kairuide Holding Co was 39.50. The lowest was 4.06. And the median was 11.98.

Be Aware

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

Kairuide Holding Co Cyclically Adjusted Book per Share Related Terms

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

Kairuide Holding Co (SZSE:002072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kairuide Holding Co Ltd (SZSE:002072) » Definitions » Cyclically Adjusted Book per Share

Traded in Other Exchanges

N/A

Address

No. 18 Shunhe West Road, Decheng District, Liwu, Wusha, Chang’an Town, Shandong, Dezhou, CHN, 253002

Website

http://www.textiledm.com

Kairuide Holding Co Ltd is engaged in the production and distribution of spinning, textile weaving, and other textile equipment.

Executives

Wang Jian	Director
Li Guo Hua	Supervisors
Ji Xiao Wen	Directors, executives
Zhang Pei Feng	Director
Zhu Jiang	Directors, executives
Hou Shu Jun	Executives
Yao Xing You	Director

Kairuide Holding Co (SZSE:002072) Headlines

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