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H World Group (HKSE:01179) Cyclically Adjusted PB Ratio : 10.17 (As of May. 01, 2024)


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What is H World Group Cyclically Adjusted PB Ratio?

As of today (2024-05-01), H World Group's current share price is HK$30.30. H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was HK$2.98. H World Group's Cyclically Adjusted PB Ratio for today is 10.17.

The historical rank and industry rank for H World Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01179' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.21   Med: 13.75   Max: 22.43
Current: 9.69

During the past years, H World Group's highest Cyclically Adjusted PB Ratio was 22.43. The lowest was 8.21. And the median was 13.75.

HKSE:01179's Cyclically Adjusted PB Ratio is ranked worse than
94.9% of 588 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs HKSE:01179: 9.69

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.

H World Group's adjusted book value per share data for the three months ended in Dec. 2023 was HK$4.202. 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$2.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


H World Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for H World Group'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.

H World Group Cyclically Adjusted PB Ratio Chart

H World Group 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 16.13 16.29 11.86 12.31 8.83

H World Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 12.31 13.87 10.76 10.57 8.83

Competitive Comparison of H World Group's Cyclically Adjusted PB Ratio

For the Lodging subindustry, H World Group'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.


H World Group's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H World Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H World Group's Cyclically Adjusted PB Ratio falls into.



H World Group 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.

H World Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.30/2.98
=10.17

* 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.

H World Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, H World Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.202/114.6694*114.6694
=4.202

Current CPI (Dec. 2023) = 114.6694.

H World Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.433 98.600 1.667
201406 1.497 98.200 1.748
201409 1.604 98.900 1.860
201412 1.607 99.000 1.861
201503 1.609 99.900 1.847
201506 1.707 99.500 1.967
201509 1.659 100.500 1.893
201512 1.607 100.600 1.832
201603 2.012 102.200 2.257
201606 2.044 101.400 2.311
201609 2.194 102.400 2.457
201612 2.176 102.600 2.432
201703 2.259 103.200 2.510
201706 2.474 103.100 2.752
201709 2.633 104.100 2.900
201712 2.524 104.500 2.770
201803 2.755 105.300 3.000
201806 2.776 104.900 3.035
201809 2.909 106.600 3.129
201812 2.478 106.500 2.668
201903 2.544 107.700 2.709
201906 2.693 107.700 2.867
201909 2.745 109.800 2.867
201912 2.771 111.200 2.857
202003 2.008 112.300 2.050
202006 1.745 110.400 1.812
202009 3.534 111.700 3.628
202012 4.181 111.500 4.300
202103 4.099 112.662 4.172
202106 4.289 111.769 4.400
202109 4.244 112.215 4.337
202112 4.152 113.108 4.209
202203 3.722 114.335 3.733
202206 3.410 114.558 3.413
202209 3.122 115.339 3.104
202212 3.132 115.116 3.120
202303 4.199 115.116 4.183
202306 4.461 114.558 4.465
202309 4.832 115.339 4.804
202312 4.202 114.669 4.202

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.


H World Group  (HKSE:01179) 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.


H World Group Cyclically Adjusted PB Ratio Related Terms

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


H World Group (HKSE:01179) Business Description

Traded in Other Exchanges
Address
No. 1299 Fenghua Road, Jiading District, Shanghai, CHN, 201803
H World Group Ltd is a multi-brand hotel group in China with international operations. It operates in the leased, manachised, and franchised models. The company has two operating segments; legacy Huazhu and legacy DH. Its brand and product offering includes Economy hotel brands: HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, and Ibis Hotel, Midscale hotel brands: JI Hotel, Orange Hotel, Starway Hotel and Ibis Styles Hotel, Upper midscale hotel brands: Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, CitiGO Hotel and MAXX by Steigenberger, Upscale hotel brands: Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, and Grand Mercure; and Luxury hotel brand: Steigenberger Icon and Song Hotels.

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