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Health-Chem (Health-Chem) Cyclically Adjusted PB Ratio : (As of Jun. 20, 2024)


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What is Health-Chem Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Health-Chem Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Health-Chem'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.

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Health-Chem Cyclically Adjusted PB Ratio Chart

Health-Chem Annual Data
Trend Dec91 Dec92 Dec93 Dec94 Dec95 Dec96 Dec97 Dec04 Dec05 Dec06
Cyclically Adjusted PB Ratio
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Health-Chem Quarterly Data
Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97 Sep97 Dec97 Mar98 Jun98 Sep98 Dec04 Dec05 Mar06 Jun06 Dec06 Mar07 Jun07
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Competitive Comparison of Health-Chem's Cyclically Adjusted PB Ratio

For the Diagnostics & Research subindustry, Health-Chem'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.


Health-Chem's Cyclically Adjusted PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Health-Chem's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Health-Chem's Cyclically Adjusted PB Ratio falls into.



Health-Chem 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.

Health-Chem's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2007 is calculated as:

For example, Health-Chem's adjusted Book Value per Share data for the three months ended in Jun. 2007 was:

Adj_Book=Book Value per Share/CPI of Jun. 2007 (Change)*Current CPI (Jun. 2007)
=-1.209/87.9059*87.9059
=-1.209

Current CPI (Jun. 2007) = 87.9059.

Health-Chem Quarterly Data

Book Value per Share CPI Adj_Book
199009 0.000 55.988 0.000
199012 0.197 56.452 0.307
199103 0.000 56.958 0.000
199106 0.000 57.380 0.000
199109 0.000 57.886 0.000
199112 0.252 58.182 0.381
199203 0.224 58.772 0.335
199206 0.112 59.152 0.166
199209 0.100 59.616 0.147
199212 0.884 59.869 1.298
199303 0.629 60.586 0.913
199306 0.800 60.924 1.154
199309 0.930 61.219 1.335
199312 0.726 61.515 1.037
199403 0.640 62.105 0.906
199406 0.907 62.443 1.277
199409 1.025 63.034 1.429
199412 1.010 63.160 1.406
199503 1.010 63.877 1.390
199506 1.148 64.341 1.568
199509 0.850 64.637 1.156
199512 1.133 64.763 1.538
199603 1.305 65.692 1.746
199606 1.700 66.113 2.260
199609 0.830 66.578 1.096
199612 0.928 66.915 1.219
199703 0.793 67.506 1.033
199706 0.713 67.632 0.927
199709 0.564 68.012 0.729
199712 0.476 68.054 0.615
199803 0.760 68.434 0.976
199806 0.453 68.771 0.579
199809 0.160 69.025 0.204
200412 -1.088 80.290 -1.191
200512 -1.305 83.032 -1.382
200603 0.000 84.298 0.000
200606 0.000 85.606 0.000
200612 -1.450 85.142 -1.497
200703 -1.259 86.640 -1.277
200706 -1.209 87.906 -1.209

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.


Health-Chem  (OTCPK:HCLC) 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.


Health-Chem Cyclically Adjusted PB Ratio Related Terms

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Health-Chem (Health-Chem) Business Description

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