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Pegasus International Holdings (HKSE:00676) Cyclically Adjusted PB Ratio : 0.74 (As of May. 01, 2024)


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What is Pegasus International Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Pegasus International Holdings's current share price is HK$0.71. Pegasus International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was HK$0.96. Pegasus International Holdings's Cyclically Adjusted PB Ratio for today is 0.74.

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

HKSE:00676' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.75   Max: 1.7
Current: 0.75

During the past 13 years, Pegasus International Holdings's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.58. And the median was 0.75.

HKSE:00676's Cyclically Adjusted PB Ratio is ranked better than
60.34% of 653 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.99 vs HKSE:00676: 0.75

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.

Pegasus International Holdings's adjusted book value per share data of for the fiscal year that ended in Dec22 was HK$0.837. 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$0.96 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pegasus International Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pegasus International 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.

Pegasus International Holdings Cyclically Adjusted PB Ratio Chart

Pegasus International 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 0.67 0.71 0.75 0.73 -

Pegasus International 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 0.75 - 0.73 - -

Competitive Comparison of Pegasus International Holdings's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Pegasus International 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.


Pegasus International Holdings's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pegasus International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pegasus International 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.

Pegasus International Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.71/0.96
=0.74

* 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.

Pegasus International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Pegasus International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.837/114.5475*114.5475
=0.837

Current CPI (Dec22) = 114.5475.

Pegasus International Holdings Annual Data

Book Value per Share CPI Adj_Book
201312 1.308 95.090 1.576
201412 1.270 99.707 1.459
201512 0.953 102.015 1.070
201612 0.887 103.225 0.984
201712 0.921 104.984 1.005
201812 0.711 107.622 0.757
201912 0.413 110.700 0.427
202012 0.561 109.711 0.586
202112 0.850 112.349 0.867
202212 0.837 114.548 0.837

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.


Pegasus International Holdings  (HKSE:00676) 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.


Pegasus International Holdings Cyclically Adjusted PB Ratio Related Terms

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Pegasus International Holdings (HKSE:00676) Business Description

Traded in Other Exchanges
N/A
Address
38 Tai Kok Tsui Road, Unit 1110, 11th Floor, New Kowloon Plaza, Kowloon, Hong Kong, HKG
Pegasus International Holdings Ltd is an investment holding company. The group is engaged in the manufacture and sale of footwear products and leasing of investment properties to generate operating lease income. The majority of revenue is derived from manufacture and sale of footwear products. Geographically the business is spread across the United States, Japan, and other regions. Its footwear categories include Safety shoes, Goodyear Welt and Direct Attach Injected Dual Density PU/Rubber, PU/TPU, and PU/ PU. Its product line includes Man's shoes, Woman's shoes, and Child's shoes, Fashion casual shoes, Outdoor casual shoes, Hiking boots, Snowboard boots, Skateboard shoes, Aqua sports shoes, Athletic shoes, Sports sandals, and Golf shoes, among others.

Pegasus International Holdings (HKSE:00676) Headlines

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