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BEST (BEST) Cyclically Adjusted PB Ratio : (As of Apr. 30, 2024)


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What is BEST Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BEST Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BEST's Cyclically Adjusted PB Ratio 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.

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BEST Cyclically Adjusted PB Ratio Chart

BEST Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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BEST Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of BEST's Cyclically Adjusted PB Ratio

For the Trucking subindustry, BEST'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.


BEST's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BEST's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BEST Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

BEST's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, BEST's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.691/114.6694*114.6694
=-0.691

Current CPI (Dec23) = 114.6694.

BEST Annual Data

Book Value per Share CPI Adj_Book
201412 0.000 99.000 0.000
201512 -65.926 100.600 -75.146
201612 -103.395 102.600 -115.558
201712 35.572 104.500 39.034
201812 31.034 106.500 33.415
201912 28.707 111.200 29.603
202012 13.873 111.500 14.267
202112 16.359 113.108 16.585
202212 5.030 115.116 5.011
202312 -0.691 114.669 -0.691

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


BEST  (NYSE:BEST) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


BEST Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of BEST's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BEST (BEST) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 18 Tangmiao Road, 2nd Floor, Block A, Huaxing Modern Industry Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.