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CK Hutchison Holdings (FRA:2CK) Cyclically Adjusted PB Ratio : 0.30 (As of May. 14, 2024)


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What is CK Hutchison Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-14), CK Hutchison Holdings's current share price is €4.878. CK Hutchison Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €16.03. CK Hutchison Holdings's Cyclically Adjusted PB Ratio for today is 0.30.

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

FRA:2CK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.55   Max: 0.83
Current: 0.29

During the past 13 years, CK Hutchison Holdings's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.25. And the median was 0.55.

FRA:2CK's Cyclically Adjusted PB Ratio is ranked better than
86.05% of 423 companies
in the Conglomerates industry
Industry Median: 0.96 vs FRA:2CK: 0.29

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.

CK Hutchison Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was €16.818. 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 €16.03 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Hutchison Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CK Hutchison Holdings'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.

CK Hutchison Holdings Cyclically Adjusted PB Ratio Chart

CK Hutchison Holdings 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 0.50 0.37 0.35 0.33 0.29

CK Hutchison Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.35 - 0.33 - 0.29

Competitive Comparison of CK Hutchison Holdings's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, CK Hutchison Holdings'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.


CK Hutchison Holdings's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CK Hutchison Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CK Hutchison Holdings 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.

CK Hutchison Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.878/16.03
=0.30

* 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.

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

For example, CK Hutchison Holdings'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)
=16.818/117.2957*117.2957
=16.818

Current CPI (Dec23) = 117.2957.

CK Hutchison Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 18.207 99.707 21.419
201512 13.152 102.015 15.122
201612 13.451 103.225 15.285
201712 12.884 104.984 14.395
201812 13.365 107.622 14.566
201912 14.255 110.700 15.104
202012 13.933 109.711 14.896
202112 15.553 112.349 16.238
202212 16.718 114.548 17.119
202312 16.818 117.296 16.818

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.


CK Hutchison Holdings  (FRA:2CK) 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.


CK Hutchison Holdings Cyclically Adjusted PB Ratio Related Terms

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CK Hutchison Holdings (FRA:2CK) Business Description

Traded in Other Exchanges
Address
2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG
CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.

CK Hutchison Holdings (FRA:2CK) Headlines

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