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Goldstream Investment (HKSE:01328) Cyclically Adjusted PB Ratio : 0.41 (As of Jun. 03, 2025)


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What is Goldstream Investment Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Goldstream Investment's current share price is HK$1.57. Goldstream Investment's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was HK$3.83. Goldstream Investment's Cyclically Adjusted PB Ratio for today is 0.41.

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

HKSE:01328' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.75   Max: 1.67
Current: 0.41

During the past 13 years, Goldstream Investment's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 0.36. And the median was 0.75.

HKSE:01328's Cyclically Adjusted PB Ratio is ranked better than
81.14% of 944 companies
in the Asset Management industry
Industry Median: 0.8 vs HKSE:01328: 0.41

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.

Goldstream Investment's adjusted book value per share data of for the fiscal year that ended in Dec24 was HK$3.763. 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$3.83 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goldstream Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Goldstream Investment'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.

Goldstream Investment Cyclically Adjusted PB Ratio Chart

Goldstream Investment 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 1.67 1.56 0.66 0.45 0.74

Goldstream Investment 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 0.66 - 0.45 - 0.74

Competitive Comparison of Goldstream Investment's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Goldstream Investment'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.


Goldstream Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldstream Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Goldstream Investment's Cyclically Adjusted PB Ratio falls into.


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Goldstream Investment 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.

Goldstream Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.57/3.83
=0.41

* 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.

Goldstream Investment's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Goldstream Investment'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)
=3.763/118.9447*118.9447
=3.763

Current CPI (Dec24) = 118.9447.

Goldstream Investment Annual Data

Book Value per Share CPI Adj_Book
201512 3.867 102.015 4.509
201612 3.533 103.225 4.071
201712 3.356 104.984 3.802
201812 3.681 107.622 4.068
201912 3.494 110.700 3.754
202012 3.657 109.711 3.965
202112 3.416 112.349 3.617
202212 3.172 114.548 3.294
202312 3.380 117.296 3.428
202412 3.763 118.945 3.763

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.


Goldstream Investment  (HKSE:01328) 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.


Goldstream Investment Cyclically Adjusted PB Ratio Related Terms

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


Goldstream Investment Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Finance Street, Suite 7008, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Goldstream Investment Ltd is engaged in provision of IM service and strategic direct investment business. The company's segments include IM Business that provides advisory services on securities and asset management; and securities trading; and SDI Business engages in proprietary investment activities in the financial markets. Geographically it operates in Hong Kong, the PRC, and the USA.
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