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Huadian Power International (HKSE:01071) Cyclically Adjusted PB Ratio : 1.40 (As of Jun. 19, 2024)


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What is Huadian Power International Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Huadian Power International's current share price is HK$4.95. Huadian Power International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$3.53. Huadian Power International's Cyclically Adjusted PB Ratio for today is 1.40.

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

HKSE:01071' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.17   Max: 3.78
Current: 1.21

During the past years, Huadian Power International's highest Cyclically Adjusted PB Ratio was 3.78. The lowest was 0.67. And the median was 1.17.

HKSE:01071's Cyclically Adjusted PB Ratio is ranked better than
56.33% of 458 companies
in the Utilities - Regulated industry
Industry Median: 1.37 vs HKSE:01071: 1.21

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.

Huadian Power International's adjusted book value per share data for the three months ended in Mar. 2024 was HK$7.826. 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$3.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Huadian Power International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Huadian Power International'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.

Huadian Power International Cyclically Adjusted PB Ratio Chart

Huadian Power International 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 0.91 0.76 1.08 1.10 0.91

Huadian Power International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.07 1.22 0.92 0.91 1.19

Competitive Comparison of Huadian Power International's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, Huadian Power International'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.


Huadian Power International's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huadian Power International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Huadian Power International 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.

Huadian Power International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.95/3.53
=1.40

* 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.

Huadian Power International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Huadian Power International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.826/115.2271*115.2271
=7.826

Current CPI (Mar. 2024) = 115.2271.

Huadian Power International Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.053 98.200 4.756
201409 4.304 98.900 5.015
201412 4.858 99.000 5.654
201503 4.722 99.900 5.446
201506 4.661 99.500 5.398
201509 5.035 100.500 5.773
201512 5.163 100.600 5.914
201603 5.329 102.200 6.008
201606 5.004 101.400 5.686
201609 5.069 102.400 5.704
201612 4.845 102.600 5.441
201703 4.869 103.200 5.436
201706 4.777 103.100 5.339
201709 4.957 104.100 5.487
201712 5.017 104.500 5.532
201803 5.342 105.300 5.846
201806 5.249 104.900 5.766
201809 5.587 106.600 6.039
201812 6.035 106.500 6.530
201903 6.260 107.700 6.698
201906 6.414 107.700 6.862
201909 6.533 109.800 6.856
201912 6.940 111.200 7.191
202003 7.594 112.300 7.792
202006 7.446 110.400 7.772
202009 7.868 111.700 8.116
202012 8.940 111.500 9.239
202103 8.855 112.662 9.057
202106 8.829 111.769 9.102
202109 8.473 112.215 8.700
202112 7.681 113.108 7.825
202203 7.791 114.335 7.852
202206 7.300 114.558 7.343
202209 7.021 115.339 7.014
202212 6.731 115.116 6.738
202303 7.350 115.116 7.357
202306 7.362 114.558 7.405
202309 7.687 115.339 7.680
202312 7.460 114.781 7.489
202403 7.826 115.227 7.826

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.


Huadian Power International  (HKSE:01071) 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.


Huadian Power International Cyclically Adjusted PB Ratio Related Terms

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


Huadian Power International (HKSE:01071) Business Description

Traded in Other Exchanges
Address
No. 2 Xuanwumennei Street, Xicheng District, Beijing, CHN, 100031
Huadian Power International Corp Ltd is engaged in the generation of electricity and heat, sales of coal and other relevant businesses in the PRC.

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