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PC Partner Group (HKSE:01263) Cyclically Adjusted PB Ratio : 1.24 (As of Jun. 19, 2024)


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What is PC Partner Group Cyclically Adjusted PB Ratio?

As of today (2024-06-19), PC Partner Group's current share price is HK$5.09. PC Partner Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$4.12. PC Partner Group's Cyclically Adjusted PB Ratio for today is 1.24.

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

HKSE:01263' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.27   Max: 7.07
Current: 0.84

During the past 13 years, PC Partner Group's highest Cyclically Adjusted PB Ratio was 7.07. The lowest was 0.45. And the median was 1.27.

HKSE:01263's Cyclically Adjusted PB Ratio is ranked better than
74.76% of 1902 companies
in the Hardware industry
Industry Median: 1.67 vs HKSE:01263: 0.84

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.

PC Partner Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$7.149. 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$4.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


PC Partner Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PC Partner 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.

PC Partner Group Cyclically Adjusted PB Ratio Chart

PC Partner 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 0.98 1.01 4.60 1.39 0.76

PC Partner Group 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 4.60 - 1.39 - 0.76

Competitive Comparison of PC Partner Group's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, PC Partner 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.


PC Partner Group's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, PC Partner Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PC Partner 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.

PC Partner Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.09/4.12
=1.24

* 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.

PC Partner Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, PC Partner Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=7.149/117.2957*117.2957
=7.149

Current CPI (Dec23) = 117.2957.

PC Partner Group Annual Data

Book Value per Share CPI Adj_Book
201412 1.954 99.707 2.299
201512 1.862 102.015 2.141
201612 2.174 103.225 2.470
201712 2.716 104.984 3.035
201812 2.358 107.622 2.570
201912 2.364 110.700 2.505
202012 2.965 109.711 3.170
202112 7.970 112.349 8.321
202212 7.348 114.548 7.524
202312 7.149 117.296 7.149

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.


PC Partner Group  (HKSE:01263) 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.


PC Partner Group Cyclically Adjusted PB Ratio Related Terms

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


PC Partner Group (HKSE:01263) Business Description

Traded in Other Exchanges
N/A
Address
28th floor NCB Innovation Centre, 888 Lai Chi Kok Road, Kowloon, Hong Kong, HKG
PC Partner Group Ltd is a manufacturer of computer electronics. Principally, it is engaged in the designing and manufacturing of electronics and personal computer parts and accessories. The company's product consists of video graphics card, mini-PCs, and motherboards. In addition, it is involved in the development and production of video graphics cards for desktop personal computers (PC's), electronics manufacturing services, and trading of other PC related products and components. The company's brand includes ZOTAC, Manli, and Inno3D. Majority of company's revenue is derived from the Asia Pacific region.
Executives
Ho Nai Nap 2101 Beneficial owner
Ho Wong Mary Mee-tak 2101 Beneficial owner
Wong Fong Pak 2101 Beneficial owner
Wong Shik Ho Tony 2101 Beneficial owner
Leung Wah Kan 2101 Beneficial owner
Perfect Choice Limited 2101 Beneficial owner

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