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Feitian Technologies Co (SZSE:300386) Cyclically Adjusted Book per Share : ¥4.18 (As of Mar. 2025)


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What is Feitian Technologies 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.

Feitian Technologies Co's adjusted book value per share for the three months ended in Mar. 2025 was ¥3.560. 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 ¥4.18 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Feitian Technologies Co's average Cyclically Adjusted Book Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Feitian Technologies Co was 2.90% per year. The lowest was 2.90% per year. And the median was 2.90% per year.

As of today (2025-05-22), Feitian Technologies Co's current stock price is ¥17.53. Feitian Technologies Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥4.18. Feitian Technologies Co's Cyclically Adjusted PB Ratio of today is 4.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Feitian Technologies Co was 5.43. The lowest was 1.48. And the median was 2.70.


Feitian Technologies Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Feitian Technologies 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.

Feitian Technologies Co Cyclically Adjusted Book per Share Chart

Feitian Technologies 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 - 3.85 4.11 4.13 4.19

Feitian Technologies 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 4.20 4.19 4.23 4.19 4.18

Competitive Comparison of Feitian Technologies Co's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Feitian Technologies 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.


Feitian Technologies Co's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Feitian Technologies Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Feitian Technologies 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, Feitian Technologies 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)
=3.56/115.1156*115.1156
=3.560

Current CPI (Mar. 2025) = 115.1156.

Feitian Technologies Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.295 99.500 3.812
201509 3.350 100.500 3.837
201512 3.591 100.600 4.109
201603 3.611 102.200 4.067
201606 3.540 101.400 4.019
201609 3.595 102.400 4.041
201612 3.757 102.600 4.215
201703 3.783 103.200 4.220
201706 3.718 103.100 4.151
201709 3.786 104.100 4.187
201712 3.956 104.500 4.358
201803 3.959 105.300 4.328
201806 3.997 104.900 4.386
201809 4.055 106.600 4.379
201812 4.197 106.500 4.537
201903 4.202 107.700 4.491
201906 4.177 107.700 4.465
201909 4.218 109.800 4.422
201912 4.387 111.200 4.541
202003 4.356 112.300 4.465
202006 4.403 110.400 4.591
202009 4.420 111.700 4.555
202012 4.491 111.500 4.637
202103 4.463 112.662 4.560
202106 4.401 111.769 4.533
202109 4.370 112.215 4.483
202112 4.339 113.108 4.416
202203 4.350 114.335 4.380
202206 4.317 114.558 4.338
202209 4.268 115.339 4.260
202212 4.092 115.116 4.092
202303 4.005 115.116 4.005
202306 3.916 114.558 3.935
202309 3.843 115.339 3.836
202312 3.690 114.781 3.701
202403 3.674 115.227 3.670
202406 3.659 114.781 3.670
202409 3.643 115.785 3.622
202412 3.517 114.893 3.524
202503 3.560 115.116 3.560

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


Feitian Technologies Co  (SZSE:300386) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.53/4.18
=4.19

* 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 Feitian Technologies Co was 5.43. The lowest was 1.48. And the median was 2.70.


Be Aware

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


Feitian Technologies Co Cyclically Adjusted Book per Share Related Terms

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


Feitian Technologies Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085
Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.
Executives
Lu Zhou Directors, executives
Li Wei Directors, executives
Yu Hua Zhang Executives
Huang Yu Director
Han Xue Feng Directors, executives
Li Qi Independent director
Yan Yan Executives

Feitian Technologies Co Headlines

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