GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (OTCPK:CICOF) » Definitions » Cyclically Adjusted PB Ratio

COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Cyclically Adjusted PB Ratio : 2.47 (As of May. 26, 2024)


View and export this data going back to 2009. Start your Free Trial

What is COSCO SHIPPING Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), COSCO SHIPPING Holdings Co's current share price is $1.68. COSCO SHIPPING Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.68. COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio for today is 2.47.

The historical rank and industry rank for COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

CICOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.98   Max: 5.92
Current: 2.31

During the past years, COSCO SHIPPING Holdings Co's highest Cyclically Adjusted PB Ratio was 5.92. The lowest was 0.53. And the median was 0.98.

CICOF's Cyclically Adjusted PB Ratio is ranked worse than
74.12% of 707 companies
in the Transportation industry
Industry Median: 1.26 vs CICOF: 2.31

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.

COSCO SHIPPING Holdings Co's adjusted book value per share data for the three months ended in Mar. 2024 was $1.759. 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 $0.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


COSCO SHIPPING Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for COSCO SHIPPING Holdings Co'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.

COSCO SHIPPING Holdings Co Cyclically Adjusted PB Ratio Chart

COSCO SHIPPING Holdings Co 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 0.85 2.70 5.15 1.97 1.53

COSCO SHIPPING Holdings 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 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 2.03 1.54 1.64 1.53 1.51

Competitive Comparison of COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, COSCO SHIPPING Holdings 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.


COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

* The bar in red indicates where COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio falls into.



COSCO SHIPPING Holdings Co 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.

COSCO SHIPPING Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.68/0.68
=2.47

* 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.

COSCO SHIPPING Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, COSCO SHIPPING Holdings 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)
=1.759/115.2271*115.2271
=1.759

Current CPI (Mar. 2024) = 115.2271.

COSCO SHIPPING Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.268 98.200 0.314
201409 0.291 98.900 0.339
201412 0.297 99.000 0.346
201503 0.282 99.900 0.325
201506 0.318 99.500 0.368
201509 0.289 100.500 0.331
201512 0.333 100.600 0.381
201603 0.261 102.200 0.294
201606 0.232 101.400 0.264
201609 0.209 102.400 0.235
201612 0.199 102.600 0.223
201703 0.205 103.200 0.229
201706 0.225 103.100 0.251
201709 0.241 104.100 0.267
201712 0.236 104.500 0.260
201803 0.240 105.300 0.263
201806 0.243 104.900 0.267
201809 0.245 106.600 0.265
201812 0.250 106.500 0.270
201903 0.272 107.700 0.291
201906 0.268 107.700 0.287
201909 0.272 109.800 0.285
201912 0.316 111.200 0.327
202003 0.320 112.300 0.328
202006 0.327 110.400 0.341
202009 0.359 111.700 0.370
202012 0.421 111.500 0.435
202103 0.573 112.662 0.586
202106 0.785 111.769 0.809
202109 1.083 112.215 1.112
202112 1.311 113.108 1.336
202203 1.579 114.335 1.591
202206 1.741 114.558 1.751
202209 1.962 115.339 1.960
202212 1.788 115.116 1.790
202303 1.863 115.116 1.865
202306 1.716 114.558 1.726
202309 1.721 115.339 1.719
202312 1.703 114.781 1.710
202403 1.759 115.227 1.759

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.


COSCO SHIPPING Holdings Co  (OTCPK:CICOF) 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.


COSCO SHIPPING Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Business Description

Address
No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080
COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (COSCO SHIPPING Holdings Co) Headlines