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Zhong Fu Tong Group Co (SZSE:300560) Cyclically Adjusted Book per Share : ¥3.71 (As of Mar. 2025)


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What is Zhong Fu Tong Group 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.

Zhong Fu Tong Group Co's adjusted book value per share for the three months ended in Mar. 2025 was ¥4.178. 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 ¥3.71 for the trailing ten years ended in Mar. 2025.

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 (2025-06-03), Zhong Fu Tong Group Co's current stock price is ¥12.28. Zhong Fu Tong Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.71. Zhong Fu Tong Group Co's Cyclically Adjusted PB Ratio of today is 3.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zhong Fu Tong Group Co was 4.64. The lowest was 3.05. And the median was 3.92.


Zhong Fu Tong Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zhong Fu Tong Group 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.

Zhong Fu Tong Group Co Cyclically Adjusted Book per Share Chart

Zhong Fu Tong Group 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 - - - - 3.63

Zhong Fu Tong Group 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 - - 3.58 3.63 3.71

Competitive Comparison of Zhong Fu Tong Group Co's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Zhong Fu Tong Group 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.


Zhong Fu Tong Group Co's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Zhong Fu Tong Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhong Fu Tong Group Co's Cyclically Adjusted PB Ratio falls into.


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Zhong Fu Tong Group 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, Zhong Fu Tong Group 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)
=4.178/115.1156*115.1156
=4.178

Current CPI (Mar. 2025) = 115.1156.

Zhong Fu Tong Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.391 97.624 1.640
201412 1.625 99.000 1.890
201512 1.869 100.600 2.139
201603 0.000 102.200 0.000
201606 2.028 101.400 2.302
201609 1.555 102.400 1.748
201612 2.389 102.600 2.680
201703 2.434 103.200 2.715
201706 2.481 103.100 2.770
201709 2.518 104.100 2.784
201712 2.554 104.500 2.813
201803 2.601 105.300 2.843
201806 2.658 104.900 2.917
201809 2.692 106.600 2.907
201812 2.818 106.500 3.046
201903 2.858 107.700 3.055
201906 2.882 107.700 3.080
201909 2.953 109.800 3.096
201912 3.069 111.200 3.177
202003 3.143 112.300 3.222
202006 3.245 110.400 3.384
202009 4.745 111.700 4.890
202012 4.624 111.500 4.774
202103 4.674 112.662 4.776
202106 4.754 111.769 4.896
202109 4.630 112.215 4.750
202112 4.778 113.108 4.863
202203 4.843 114.335 4.876
202206 4.858 114.558 4.882
202209 4.750 115.339 4.741
202212 4.899 115.116 4.899
202303 4.965 115.116 4.965
202306 5.036 114.558 5.061
202309 5.010 115.339 5.000
202312 4.688 114.781 4.702
202403 4.735 115.227 4.730
202406 4.738 114.781 4.752
202409 4.739 115.785 4.712
202412 4.144 114.893 4.152
202503 4.178 115.116 4.178

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


Zhong Fu Tong Group Co  (SZSE:300560) 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.

Zhong Fu Tong Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.28/3.71
=3.31

* 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 Zhong Fu Tong Group Co was 4.64. The lowest was 3.05. And the median was 3.92.


Be Aware

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


Zhong Fu Tong Group Co Cyclically Adjusted Book per Share Related Terms

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


Zhong Fu Tong Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 89, Software Avenue, Tongpan Road, Floors 20, 21, 22, Building 4, F Zone, Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003
Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.
Executives
Ke Hong Hui Director
Chen Rong Jie Director
Huang Xiao Ming Supervisors
Yang Wei Min Independent director
Wang Bei Yi Supervisors

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