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Wai Kee Holdings (HKSE:00610) Cyclically Adjusted PB Ratio : 0.07 (As of Jun. 16, 2024)


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What is Wai Kee Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-16), Wai Kee Holdings's current share price is HK$0.80. Wai Kee Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$10.76. Wai Kee Holdings's Cyclically Adjusted PB Ratio for today is 0.07.

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

HKSE:00610' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.43   Max: 0.74
Current: 0.07

During the past 13 years, Wai Kee Holdings's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.07. And the median was 0.43.

HKSE:00610's Cyclically Adjusted PB Ratio is ranked better than
98.35% of 1276 companies
in the Construction industry
Industry Median: 1.08 vs HKSE:00610: 0.07

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.

Wai Kee Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$10.211. 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$10.76 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wai Kee Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wai Kee Holdings'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.

Wai Kee Holdings Cyclically Adjusted PB Ratio Chart

Wai Kee Holdings 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 0.59 0.43 0.38 0.20 0.09

Wai Kee Holdings 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 0.38 - 0.20 - 0.09

Competitive Comparison of Wai Kee Holdings's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Wai Kee Holdings'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.


Wai Kee Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wai Kee Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wai Kee Holdings's Cyclically Adjusted PB Ratio falls into.



Wai Kee Holdings 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.

Wai Kee Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.80/10.76
=0.07

* 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.

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

For example, Wai Kee Holdings'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)
=10.211/117.2957*117.2957
=10.211

Current CPI (Dec23) = 117.2957.

Wai Kee Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 7.086 99.707 8.336
201512 7.185 102.015 8.261
201612 7.505 103.225 8.528
201712 8.905 104.984 9.949
201812 9.818 107.622 10.701
201912 10.732 110.700 11.371
202012 12.425 109.711 13.284
202112 13.460 112.349 14.053
202212 12.588 114.548 12.890
202312 10.211 117.296 10.211

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.


Wai Kee Holdings  (HKSE:00610) 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.


Wai Kee Holdings Cyclically Adjusted PB Ratio Related Terms

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


Wai Kee Holdings (HKSE:00610) Business Description

Traded in Other Exchanges
N/A
Address
98 Granville Road, Unit 1103, 11th Floor, East Ocean Centre, Tsimshatsui, Kowloon, HKG
Wai Kee Holdings Ltd is engaged in construction and material businesses. It operates through four business segments. The Construction, sewage treatment and steam fuel segment, which is the key revenue generating segment, is engaged in the construction of civil engineering and building projects and operation of sewage treatment plant and steam fuel plant. Construction Materials segment is engaged in the production and sales of concrete and asphalt. Quarrying segment is engaged in the production and sales of quarry products. Property development and investment, toll road, investment and asset management segment is engaged in the strategic investment in Road King, an associate of the Group. Its prime geographical areas of operation includes Hong Kong and China.
Executives
Zen Wei Pao, William 2101 Beneficial owner
Zen Wei Peu 2402 A person making a loan or providing security
Cheng Yu Tung Family (holdings Ii) Limited 2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited 2201 Interest of corporation controlled by you
Century Acquisition Limited 2201 Interest of corporation controlled by you
Nws Holdings Limited 2201 Interest of corporation controlled by you
New World Development Company Limited 2201 Interest of corporation controlled by you

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