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China Resources Power Holdings Co (HKSE:00836) Cyclically Adjusted PB Ratio : 1.06 (As of Jun. 03, 2025)


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What is China Resources Power Holdings Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), China Resources Power Holdings Co's current share price is HK$20.20. China Resources Power Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was HK$19.04. China Resources Power Holdings Co's Cyclically Adjusted PB Ratio for today is 1.06.

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

HKSE:00836' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.01   Max: 2.19
Current: 1.06

During the past 13 years, China Resources Power Holdings Co's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.49. And the median was 1.01.

HKSE:00836's Cyclically Adjusted PB Ratio is ranked worse than
50.37% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.06 vs HKSE:00836: 1.06

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.

China Resources Power Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec24 was HK$21.216. 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$19.04 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Resources Power Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Resources Power 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.

China Resources Power Holdings Co Cyclically Adjusted PB Ratio Chart

China Resources Power Holdings Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 1.55 0.90 0.85 0.99

China Resources Power Holdings Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.90 - 0.85 - 0.99

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

For the Utilities - Independent Power Producers subindustry, China Resources Power 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.


China Resources Power Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Resources Power Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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China Resources Power 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.20/19.04
=1.06

* 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.

China Resources Power Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, China Resources Power Holdings Co's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=21.216/118.9447*118.9447
=21.216

Current CPI (Dec24) = 118.9447.

China Resources Power Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201512 14.752 102.015 17.200
201612 14.356 103.225 16.542
201712 15.636 104.984 17.715
201812 14.675 107.622 16.219
201912 16.320 110.700 17.535
202012 20.088 109.711 21.779
202112 20.750 112.349 21.968
202212 19.313 114.548 20.054
202312 19.881 117.296 20.160
202412 21.216 118.945 21.216

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.


China Resources Power Holdings Co  (HKSE:00836) 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.


China Resources Power Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


China Resources Power Holdings Co Business Description

Traded in Other Exchanges
Address
26 Harbour Road, Rooms 2001-2002, 20th Floor, China Resources Building, Wanchai, HKG
China Resources Power, or CR Power, is one of China's largest independent power producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants and thermal power (coal-fired and gas-fired) plants, which are situated mostly in eastern, central and southern China, with a total attributable operational generation capacity of about 72.4 gigawatts as of end-2024. Renewable energy accounts for about 47.2% of its capacity. China Resources Holdings, a key state-owned conglomerate, owns approximately 62.9% of CR Power's shares outstanding.
Executives
China Resources Company Limited 2201 Interest of corporation controlled by you
Crh (power) Limited 2101 Beneficial owner

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