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JD.com (BSP:JDCO34) Cyclically Adjusted PB Ratio : 2.77 (As of May. 26, 2024)


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What is JD.com Cyclically Adjusted PB Ratio?

As of today (2024-05-26), JD.com's current share price is R$26.09. JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$9.43. JD.com's Cyclically Adjusted PB Ratio for today is 2.77.

The historical rank and industry rank for JD.com's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:JDCO34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.67   Max: 7.87
Current: 2.69

During the past years, JD.com's highest Cyclically Adjusted PB Ratio was 7.87. The lowest was 1.98. And the median was 3.67.

BSP:JDCO34's Cyclically Adjusted PB Ratio is ranked worse than
76.29% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs BSP:JDCO34: 2.69

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.

JD.com's adjusted book value per share data for the three months ended in Mar. 2024 was R$16.748. 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 R$9.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JD.com'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.

* Premium members only.

JD.com Cyclically Adjusted PB Ratio Chart

JD.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 6.09 2.63

JD.com Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 4.51 3.44 2.77 2.63 2.43

Competitive Comparison of JD.com's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



JD.com 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.

JD.com's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.09/9.43
=2.77

* 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.

JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, JD.com'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)
=16.748/115.2271*115.2271
=16.748

Current CPI (Mar. 2024) = 115.2271.

JD.com Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.661 98.200 1.949
201409 1.764 98.900 2.055
201412 1.953 99.000 2.273
201503 2.273 99.900 2.622
201506 2.243 99.500 2.598
201509 2.746 100.500 3.148
201512 2.216 100.600 2.538
201603 1.957 102.200 2.206
201606 2.350 101.400 2.670
201609 2.018 102.400 2.271
201612 1.931 102.600 2.169
201703 1.897 103.200 2.118
201706 2.855 103.100 3.191
201709 2.874 104.100 3.181
201712 3.022 104.500 3.332
201803 3.285 105.300 3.595
201806 3.916 104.900 4.302
201809 4.416 106.600 4.773
201812 3.866 106.500 4.183
201903 4.390 107.700 4.697
201906 4.460 107.700 4.772
201909 5.017 109.800 5.265
201912 5.511 111.200 5.711
202003 6.682 112.300 6.856
202006 10.818 110.400 11.291
202009 12.837 111.700 13.242
202012 15.847 111.500 16.377
202103 17.457 112.662 17.855
202106 18.216 111.769 18.780
202109 18.890 112.215 19.397
202112 19.875 113.108 20.247
202203 17.284 114.335 17.419
202206 16.200 114.558 16.295
202209 16.873 115.339 16.857
202212 17.065 115.116 17.082
202303 17.009 115.116 17.025
202306 15.927 114.558 16.020
202309 16.493 115.339 16.477
202312 16.903 114.781 16.969
202403 16.748 115.227 16.748

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.


JD.com  (BSP:JDCO34) 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.


JD.com Cyclically Adjusted PB Ratio Related Terms

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


JD.com (BSP:JDCO34) Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

JD.com (BSP:JDCO34) Headlines

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