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Wheelock and Co (HKSE:00020) Cyclically Adjusted PB Ratio : (As of May. 01, 2024)


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What is Wheelock and Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Wheelock and Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wheelock and 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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Wheelock and Co Cyclically Adjusted PB Ratio Chart

Wheelock and Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
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Wheelock and Co Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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Competitive Comparison of Wheelock and Co's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Wheelock and 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.


Wheelock and Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wheelock and Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wheelock and Co's Cyclically Adjusted PB Ratio falls into.



Wheelock and 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.

Wheelock and Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec19 is calculated as:

For example, Wheelock and Co's adjusted Book Value per Share data for the fiscal year that ended in Dec19 was:

Adj_Book=Book Value per Share/CPI of Dec19 (Change)*Current CPI (Dec19)
=130.807/110.6999*110.6999
=130.807

Current CPI (Dec19) = 110.6999.

Wheelock and Co Annual Data

Book Value per Share CPI Adj_Book
201012 49.396 83.217 65.709
201112 60.316 87.944 75.923
201212 74.823 91.132 90.889
201312 81.985 95.090 95.444
201412 94.104 99.707 104.479
201512 99.253 102.015 107.702
201612 105.846 103.225 113.511
201712 118.371 104.984 124.816
201812 122.599 107.622 126.105
201912 130.807 110.700 130.807

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.


Wheelock and Co  (HKSE:00020) 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.


Wheelock and Co Cyclically Adjusted PB Ratio Related Terms

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Wheelock and Co (HKSE:00020) Business Description

Traded in Other Exchanges
N/A
Address
20 Pedder Street, 23rd Floor, Wheelock House, Hong Kong, HKG
Wheelock and Co Ltd is an investment holding company. The company through its subsidiaries operates through four segments namely Investment property, Development property, Hotels, and Logistics. It manages its diversified businesses according to the nature of services and products provided. The business of the group is functioned through the region of Hong Kong, Mainland China, and Singapore and it derives most of the revenue from Hong Kong as well as from the development segment.

Wheelock and Co (HKSE:00020) Headlines

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