Hengan International Group Co (Hengan International Group Co) Cyclically Adjusted PB Ratio : 1.64 (As of May. 11, 2024)

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What is Hengan International Group Co Cyclically Adjusted PB Ratio?

As of today (2024-05-11), Hengan International Group Co's current share price is $18.86. Hengan International Group Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $11.47. Hengan International Group Co's Cyclically Adjusted PB Ratio for today is 1.64.

The historical rank and industry rank for Hengan International Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

HEGIY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31 Med: 5.08 Max: 15.38
Current: 1.6

During the past 13 years, Hengan International Group Co's highest Cyclically Adjusted PB Ratio was 15.38. The lowest was 1.31. And the median was 5.08.

HEGIY's Cyclically Adjusted PB Ratio is ranked worse than
57.23% of 1251 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs HEGIY: 1.60

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.

Hengan International Group Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was $12.290. 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 $11.47 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Hengan International Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hengan International Group 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.

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Hengan International Group Co Cyclically Adjusted PB Ratio Chart

Hengan International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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3.74

3.48

2.40

2.36

1.63

Hengan International Group Co 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															2.40	-	2.36	-	1.63

Competitive Comparison of Hengan International Group Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Hengan International Group 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.

Hengan International Group Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hengan International Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Hengan International Group 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.

Hengan International Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	18.86	/	11.47
	=	1.64

Hengan International Group Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hengan International Group Co'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)
	=	12.29	/	114.6694	*	114.6694
	=	12.290

Current CPI (Dec23) = 114.6694.

Hengan International Group Co Annual Data

	Book Value per Share	CPI	Adj_Book
201412	9.277	99.000	10.745
201512	9.363	100.600	10.672
201612	8.832	102.600	9.871
201712	10.129	104.500	11.115
201812	10.073	106.500	10.846
201912	10.710	111.200	11.044
202012	12.511	111.500	12.867
202112	12.860	113.108	13.038
202212	12.049	115.116	12.002
202312	12.290	114.669	12.290

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.

Hengan International Group Co (OTCPK:HEGIY) 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.

Hengan International Group Co Cyclically Adjusted PB Ratio Related Terms

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Hengan International Group Co (Hengan International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hengan International Group Co Ltd (OTCPK:HEGIY) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

HEGIF:USA 01044:Hong Kong HGNC:Germany

Address

Hengan Industrial City, Anhai Town, Fujian Province, Jinjiang, CHN, 362261

Website

https://www.hengan.com

Hengan International is a leading personal care product manufacturer in China. Its business comprises tissue paper products (54% of sales), sanitary napkins (27% of sales), disposable diapers (5% of sales), and others.