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Jinpan International (FRA:3QN) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


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What is Jinpan International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jinpan International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jinpan International'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.

Jinpan International Cyclically Adjusted PB Ratio Chart

Jinpan International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Jinpan International Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Jinpan International's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Jinpan International'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.


Jinpan International's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinpan International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jinpan International 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.

Jinpan International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, Jinpan International's adjusted Book Value per Share data for the three months ended in Sep. 2015 was:

Adj_Book=Book Value per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=12.347/100.5000*100.5000
=12.347

Current CPI (Sep. 2015) = 100.5000.

Jinpan International Quarterly Data

Book Value per Share CPI Adj_Book
200512 2.014 75.666 2.675
200603 0.000 76.340 0.000
200606 2.002 76.034 2.646
200609 1.736 76.413 2.283
200612 2.899 77.793 3.745
200703 2.441 78.884 3.110
200706 2.586 79.357 3.275
200709 2.712 81.276 3.353
200712 3.437 82.911 4.166
200803 3.398 85.485 3.995
200806 3.744 85.058 4.424
200809 4.329 85.057 5.115
200812 4.820 83.956 5.770
200903 5.169 84.457 6.151
200906 5.227 83.615 6.283
200909 5.380 84.369 6.409
200912 5.677 85.386 6.682
201003 6.107 86.316 7.111
201006 6.899 85.886 8.073
201009 6.622 87.267 7.626
201012 6.957 89.289 7.830
201103 6.730 91.154 7.420
201106 6.938 91.612 7.611
201109 7.755 92.711 8.407
201112 8.323 92.885 9.005
201203 8.467 94.367 9.017
201206 9.003 93.495 9.678
201209 8.909 94.482 9.476
201212 9.039 95.237 9.539
201303 9.127 96.372 9.518
201306 9.307 95.984 9.745
201309 9.526 97.332 9.836
201312 9.558 97.624 9.840
201403 9.434 98.600 9.616
201406 9.751 98.200 9.979
201409 10.495 98.900 10.665
201412 11.072 99.000 11.240
201503 12.631 99.900 12.707
201506 12.597 99.500 12.724
201509 12.347 100.500 12.347

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.


Jinpan International  (FRA:3QN) 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.


Jinpan International Cyclically Adjusted PB Ratio Related Terms

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


Jinpan International (FRA:3QN) Business Description

Traded in Other Exchanges
N/A
Address
Jinpan International Ltd was incorporated in the British Virgin Islands on April 3, 1997 under the International Business Companies Act of the British Virgin Islands. The Company design, manufacture and sells electrical power control and distribution equipment that are used in commercial, industrial, and infrastructural applications. Its product lines include cast resin transformers, VPI transformers, VPI line reactors, switchgears and unit substations. Its manufactures low and medium voltage switchgear products under license from Schneider. It also manufactures switchgears, Vacuum Pressure Impregnated (VPI) reactors and transformers, and unit substations. The Company offers switchgear products for general power distribution and for specialized infrastructural and industrial applications. The two main categories of dry type transformers that currently dominate the market are cast resin and open ventilated dry type transformers. Cast resin dry type transformers are predominant in Europe, Japan, and newly developed markets in Asia, including China. Open ventilated dry type transformers are widely used in North America. The Company manufactures medium and low voltage switchgear products for the China market. They use sheet metal to manufacture switchgear enclosures, coat the enclosure, and assemble switchgears using components from brand name suppliers such as Siemens and Schneider. The Company owns the rights to the trademark 'JST,' which is registered with the Trademark Bureau of the State Administration of Industry and Commerce in China.

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