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GDS Holdings (FRA:G40) Cyclically Adjusted PB Ratio : 1.03 (As of May. 21, 2024)


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What is GDS Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-21), GDS Holdings's current share price is €8.30. GDS Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €8.07. GDS Holdings's Cyclically Adjusted PB Ratio for today is 1.03.

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

FRA:G40' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.75   Max: 1.05
Current: 1.05

During the past 10 years, GDS Holdings's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.56. And the median was 0.75.

FRA:G40's Cyclically Adjusted PB Ratio is ranked better than
78.93% of 1348 companies
in the Software industry
Industry Median: 2.605 vs FRA:G40: 1.05

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.

GDS Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was €12.734. 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 €8.07 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


GDS Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GDS 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.

GDS Holdings Cyclically Adjusted PB Ratio Chart

GDS 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 - - - - 0.98

GDS Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - - 0.98

Competitive Comparison of GDS Holdings's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, GDS 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.


GDS Holdings's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, GDS Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GDS 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.30/8.07
=1.03

* 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.

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

For example, GDS 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)
=12.734/114.7809*114.7809
=12.734

Current CPI (Dec23) = 114.7809.

GDS Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 -1.889 99.000 -2.190
201512 -2.575 100.600 -2.938
201612 4.307 102.600 4.818
201712 4.875 104.500 5.355
201812 5.601 106.500 6.037
201912 7.791 111.200 8.042
202012 16.535 111.500 17.022
202112 17.482 113.108 17.741
202212 16.358 115.116 16.310
202312 12.734 114.781 12.734

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.


GDS Holdings  (FRA:G40) 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.


GDS Holdings Cyclically Adjusted PB Ratio Related Terms

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


GDS Holdings (FRA:G40) Business Description

Industry
Address
No. 999 Zhouhai Road, F4/F5, Building C, Sunland International, Pudong, Shanghai, CHN, 200137
GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.

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