GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » South China Holdings Co Ltd (HKSE:00413) » Definitions » Cyclically Adjusted PB Ratio

South China Holdings Co (HKSE:00413) Cyclically Adjusted PB Ratio : 0.08 (As of May. 29, 2024)


View and export this data going back to 1987. Start your Free Trial

What is South China Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-29), South China Holdings Co's current share price is HK$0.045. South China Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$0.55. South China Holdings Co's Cyclically Adjusted PB Ratio for today is 0.08.

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

HKSE:00413' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.35   Max: 1
Current: 0.08

During the past 13 years, South China Holdings Co's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.07. And the median was 0.35.

HKSE:00413's Cyclically Adjusted PB Ratio is ranked better than
96.35% of 602 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs HKSE:00413: 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.

South China Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$0.454. 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$0.55 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


South China Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for South China Holdings 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.

South China Holdings Co Cyclically Adjusted PB Ratio Chart

South China Holdings 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 0.31 0.26 0.14 0.08 0.08

South China Holdings 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 0.14 - 0.08 - 0.08

Competitive Comparison of South China Holdings Co's Cyclically Adjusted PB Ratio

For the Leisure subindustry, South China Holdings 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.


South China Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



South China Holdings 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.

South China Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.045/0.55
=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.

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

For example, South China Holdings 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)
=0.454/117.2957*117.2957
=0.454

Current CPI (Dec23) = 117.2957.

South China Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201412 0.622 99.707 0.732
201512 0.725 102.015 0.834
201612 0.500 103.225 0.568
201712 0.436 104.984 0.487
201812 0.426 107.622 0.464
201912 0.461 110.700 0.488
202012 0.481 109.711 0.514
202112 0.496 112.349 0.518
202212 0.466 114.548 0.477
202312 0.454 117.296 0.454

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.


South China Holdings Co  (HKSE:00413) 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.


South China Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


South China Holdings Co (HKSE:00413) Business Description

Traded in Other Exchanges
Address
1 Garden Road, 28th Floor, Bank of China Tower, Central, Hong Kong, HKG
South China Holdings Co Ltd is a trading and manufacturing company. The company operates its business through four segments namely Trading and Manufacturing, Property investment and development, Agriculture and forestry and Others segment. Its business activities include trading and manufacturing toys, footwear and leather products as well as cultivating fruit trees, and rearing of livestock and aquatic products. It is also engaged in developing properties and investment holding about management functions. The majority of the company's revenues are derived from the Trading and manufacturing segment. Its geographical segments are the United States, Europe, the PRC including Hong Kong, Japan and Others.
Executives
Ng Hung Sang 2101 Beneficial owner
Ng Lai King Pamela 2202 Interest of your spouse
Earntrade Investments Limited 2101 Beneficial owner

South China Holdings Co (HKSE:00413) Headlines

No Headlines