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YuanShengTai Dairy Farm (HKSE:01431) Cyclically Adjusted PB Ratio : 0.08 (As of Jun. 16, 2024)


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What is YuanShengTai Dairy Farm Cyclically Adjusted PB Ratio?

As of today (2024-06-16), YuanShengTai Dairy Farm's current share price is HK$0.10. YuanShengTai Dairy Farm's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$1.29. YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio for today is 0.08.

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

HKSE:01431' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.13   Max: 0.23
Current: 0.08

During the past 12 years, YuanShengTai Dairy Farm's highest Cyclically Adjusted PB Ratio was 0.23. The lowest was 0.07. And the median was 0.13.

HKSE:01431's Cyclically Adjusted PB Ratio is ranked better than
97.89% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs HKSE:01431: 0.08

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.

YuanShengTai Dairy Farm's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$1.111. 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$1.29 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


YuanShengTai Dairy Farm Cyclically Adjusted PB Ratio Historical Data

The historical data trend for YuanShengTai Dairy Farm'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.

YuanShengTai Dairy Farm Cyclically Adjusted PB Ratio Chart

YuanShengTai Dairy Farm 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 - - 0.20 0.17 0.10

YuanShengTai Dairy Farm 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 0.20 - 0.17 - 0.10

Competitive Comparison of YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, YuanShengTai Dairy Farm'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.


YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio falls into.



YuanShengTai Dairy Farm 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.

YuanShengTai Dairy Farm's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.10/1.29
=0.08

* 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.

YuanShengTai Dairy Farm's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, YuanShengTai Dairy Farm'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)
=1.111/114.7809*114.7809
=1.111

Current CPI (Dec23) = 114.7809.

YuanShengTai Dairy Farm Annual Data

Book Value per Share CPI Adj_Book
201412 1.390 99.000 1.612
201512 1.359 100.600 1.551
201612 1.249 102.600 1.397
201712 1.165 104.500 1.280
201812 0.991 106.500 1.068
201912 1.024 111.200 1.057
202012 1.237 111.500 1.273
202112 1.319 113.108 1.339
202212 1.211 115.116 1.207
202312 1.111 114.781 1.111

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.


YuanShengTai Dairy Farm  (HKSE:01431) 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.


YuanShengTai Dairy Farm Cyclically Adjusted PB Ratio Related Terms

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YuanShengTai Dairy Farm (HKSE:01431) Business Description

Traded in Other Exchanges
N/A
Address
Qingxiang Street, Kedong County, Heilongjiang Province, Qiqihar, CHN
YuanShengTai Dairy Farm Ltd is a China-based dairy farming company. Along with its subsidiaries, it principally engages in the production and sale of milk in the People's Republic of China. Its dairy farms are in Heilongjiang and Jilin province, which includes Gannan Oumei Farm, Kedong Oumei Farm, Kedong YST Farm, Zhenlai Farm Phase I, Kedong Yongjin Farm, Baiquan Ruixincheng Farm, and Keshan Farm. The group generates revenue from its operations mainly in Mainland China.
Executives
Leng Youbin 2201 Interest of corporation controlled by you
China Feihe Limited 2101 Beneficial owner
Garland Glory Holdings Limited 2201 Interest of corporation controlled by you
Harneys Trustees Limited 2301 Trustee
Lyb International Holding Limited 2201 Interest of corporation controlled by you

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