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Sinopec Oilfield Service (HKSE:01033) Cyclically Adjusted PB Ratio : 2.95 (As of May. 06, 2025)


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What is Sinopec Oilfield Service Cyclically Adjusted PB Ratio?

As of today (2025-05-06), Sinopec Oilfield Service's current share price is HK$0.62. Sinopec Oilfield Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was HK$0.21. Sinopec Oilfield Service's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Sinopec Oilfield Service's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01033' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.07   Max: 7.15
Current: 3.08

During the past years, Sinopec Oilfield Service's highest Cyclically Adjusted PB Ratio was 7.15. The lowest was 1.28. And the median was 2.07.

HKSE:01033's Cyclically Adjusted PB Ratio is ranked worse than
90% of 770 companies
in the Oil & Gas industry
Industry Median: 0.83 vs HKSE:01033: 3.08

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.

Sinopec Oilfield Service's adjusted book value per share data for the three months ended in Mar. 2025 was HK$0.510. 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$0.21 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinopec Oilfield Service Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sinopec Oilfield Service'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.

Sinopec Oilfield Service Cyclically Adjusted PB Ratio Chart

Sinopec Oilfield Service 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 1.65 2.01 2.10 2.56 3.21

Sinopec Oilfield Service Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.73 2.57 3.07 3.21 3.23

Competitive Comparison of Sinopec Oilfield Service's Cyclically Adjusted PB Ratio

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.


Sinopec Oilfield Service's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Oilfield Service's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sinopec Oilfield Service's Cyclically Adjusted PB Ratio falls into.


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Sinopec Oilfield Service 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.

Sinopec Oilfield Service's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.62/0.21
=2.95

* 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.

Sinopec Oilfield Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Sinopec Oilfield Service's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.51/115.1156*115.1156
=0.510

Current CPI (Mar. 2025) = 115.1156.

Sinopec Oilfield Service Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.067 99.500 2.391
201509 1.961 100.500 2.246
201512 2.094 100.600 2.396
201603 1.940 102.200 2.185
201606 1.683 101.400 1.911
201609 1.305 102.400 1.467
201612 0.669 102.600 0.751
201703 0.572 103.200 0.638
201706 0.512 103.100 0.572
201709 0.448 104.100 0.495
201712 -0.176 104.500 -0.194
201803 0.370 105.300 0.404
201806 0.393 104.900 0.431
201809 0.374 106.600 0.404
201812 0.346 106.500 0.374
201903 0.377 107.700 0.403
201906 0.394 107.700 0.421
201909 0.402 109.800 0.421
201912 0.396 111.200 0.410
202003 0.392 112.300 0.402
202006 0.425 110.400 0.443
202009 0.441 111.700 0.454
202012 0.420 111.500 0.434
202103 0.440 112.662 0.450
202106 0.472 111.769 0.486
202109 0.473 112.215 0.485
202112 0.443 113.108 0.451
202203 0.462 114.335 0.465
202206 0.458 114.558 0.460
202209 0.449 115.339 0.448
202212 0.437 115.116 0.437
202303 0.466 115.116 0.466
202306 0.465 114.558 0.467
202309 0.467 115.339 0.466
202312 0.462 114.781 0.463
202403 0.480 115.227 0.480
202406 0.495 114.781 0.496
202409 0.523 115.785 0.520
202412 0.487 114.893 0.488
202503 0.510 115.116 0.510

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.


Sinopec Oilfield Service  (HKSE:01033) 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.


Sinopec Oilfield Service Cyclically Adjusted PB Ratio Related Terms

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


Sinopec Oilfield Service Business Description

Traded in Other Exchanges
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.
Executives
China Petrochemical Corporation 2101 Beneficial owner
Yi Fang Da Ji Jin Guan Li You Xian Gong Si
Zhong Guo Guo You Qi Ye Jie Gou Tiao Zheng Ji Jin Gu Fen You Xian Gong Si 2101 Beneficial owner
Hua Xia Ji Jin Guan Li You Xian Gong Si

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