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Winshine Science Co (HKSE:00209) Cyclically Adjusted PB Ratio : 0.08 (As of Jun. 10, 2024)


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What is Winshine Science Co Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Winshine Science Co's current share price is HK$0.24. Winshine Science Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$2.91. Winshine Science Co's Cyclically Adjusted PB Ratio for today is 0.08.

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

HKSE:00209' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.29   Max: 4.7
Current: 0.08

During the past 13 years, Winshine Science Co's highest Cyclically Adjusted PB Ratio was 4.70. The lowest was 0.08. And the median was 0.29.

HKSE:00209's Cyclically Adjusted PB Ratio is ranked better than
96.59% of 616 companies
in the Travel & Leisure industry
Industry Median: 1.38 vs HKSE:00209: 0.08

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.

Winshine Science Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$-0.785. 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 HK$2.91 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winshine Science Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Winshine Science 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.

* Premium members only.

Winshine Science Co Cyclically Adjusted PB Ratio Chart

Winshine Science Co 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 0.11 0.50 0.49 0.23 0.13

Winshine Science 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 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 0.49 - 0.23 - 0.13

Competitive Comparison of Winshine Science Co's Cyclically Adjusted PB Ratio

For the Leisure subindustry, Winshine Science 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.


Winshine Science Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Winshine Science Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Winshine Science 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.

Winshine Science Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.24/2.91
=0.08

* 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.

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

For example, Winshine Science 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)
=-0.785/117.2957*117.2957
=-0.785

Current CPI (Dec23) = 117.2957.

Winshine Science Co Annual Data

Book Value per Share CPI Adj_Book
201412 7.556 99.707 8.889
201512 7.825 102.015 8.997
201612 4.285 103.225 4.869
201712 4.549 104.984 5.082
201812 2.244 107.622 2.446
201912 1.642 110.700 1.740
202012 0.518 109.711 0.554
202112 -1.351 112.349 -1.410
202212 -1.224 114.548 -1.253
202312 -0.785 117.296 -0.785

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.


Winshine Science Co  (HKSE:00209) 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.


Winshine Science Co Cyclically Adjusted PB Ratio Related Terms

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


Winshine Science Co (HKSE:00209) Business Description

Traded in Other Exchanges
N/A
Address
287-299 Queen's Road, Room 1002, 10th Floor, 299 QRC, Central, Hong Kong, HKG
Winshine Science Co Ltd is an investment holding company. The company's segment includes Securities investments, Toys, and Medical & health. It generates maximum revenue from the Toys segment. The toys segment derives its revenue from manufacturing for the sale of toys. The securities investments segment derives its profits or losses from dividends received from, and other gains or losses from, equity securities investments. The medical and health segment is under the development stage in which research and development expenses for medical and health technology development have been incurred. Its geographical segments are Hong Kong, China, the United States, Europe, and Korea, of which the majority of its revenue comes from the United States.
Executives
Wang Honggang 2101 Beneficial owner
U Credit (hk) Limited 2106 Person having a security interest in shares
Csc Holdings Limited 2106 Person having a security interest in shares
Hurray Talent Investment Development Limited 2101 Beneficial owner
Li Zhonghai 2201 Interest of corporation controlled by you
Liu Lian 2201 Interest of corporation controlled by you
Richsun Investment Development Limited 2101 Beneficial owner
Hong Kong Huiheng Trading And Investment Co., Limited 2101 Beneficial owner
Jiang Qinghui 2201 Interest of corporation controlled by you
Csc Holdings Limited (formerly Known As "china Strategic Holdings Limited") 2106 Person having a security interest in shares
China Strategic Holdings Limited 2106 Person having a security interest in shares
Shen Jia 2101 Beneficial owner

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