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Southgobi Resources (HKSE:01878) Cyclically Adjusted PB Ratio : 6.21 (As of Jun. 02, 2024)


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What is Southgobi Resources Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Southgobi Resources's current share price is HK$4.10. Southgobi Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$0.66. Southgobi Resources's Cyclically Adjusted PB Ratio for today is 6.21.

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

HKSE:01878' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.14   Max: 9.44
Current: 6.18

During the past years, Southgobi Resources's highest Cyclically Adjusted PB Ratio was 9.44. The lowest was 0.03. And the median was 0.14.

HKSE:01878's Cyclically Adjusted PB Ratio is ranked worse than
92.03% of 138 companies
in the Other Energy Sources industry
Industry Median: 1.58 vs HKSE:01878: 6.18

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.

Southgobi Resources's adjusted book value per share data for the three months ended in Mar. 2024 was HK$-3.355. 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$0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southgobi Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Southgobi Resources'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.

Southgobi Resources Cyclically Adjusted PB Ratio Chart

Southgobi Resources 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 0.05 0.04 0.15 0.24 2.09

Southgobi Resources 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 0.31 0.30 0.43 2.09 7.23

Competitive Comparison of Southgobi Resources's Cyclically Adjusted PB Ratio

For the Thermal Coal subindustry, Southgobi Resources'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.


Southgobi Resources's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Southgobi Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Southgobi Resources 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.

Southgobi Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.10/0.66
=6.21

* 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.

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

For example, Southgobi Resources'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)
=-3.355/117.7354*117.7354
=-3.355

Current CPI (Mar. 2024) = 117.7354.

Southgobi Resources Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.715 96.409 16.749
201409 12.782 97.948 15.364
201412 10.077 99.707 11.899
201503 8.971 99.927 10.570
201506 7.525 99.267 8.925
201509 6.882 99.927 8.108
201512 3.329 102.015 3.842
201603 2.854 102.785 3.269
201606 2.320 101.686 2.686
201609 1.951 102.565 2.240
201612 1.241 103.225 1.415
201703 1.159 103.335 1.321
201706 0.987 103.664 1.121
201709 0.689 103.994 0.780
201712 0.224 104.984 0.251
201803 0.070 105.973 0.078
201806 -0.669 106.193 -0.742
201809 -0.990 106.852 -1.091
201812 -1.380 107.622 -1.510
201903 -1.327 108.172 -1.444
201906 -1.287 109.601 -1.383
201909 -1.247 110.260 -1.332
201912 -1.409 110.700 -1.499
202003 -1.731 110.920 -1.837
202006 -2.070 110.590 -2.204
202009 -2.084 107.512 -2.282
202012 -2.167 109.711 -2.326
202103 -1.808 111.579 -1.908
202106 -2.002 111.360 -2.117
202109 -2.246 109.051 -2.425
202112 -2.573 112.349 -2.696
202203 -3.021 113.558 -3.132
202206 -3.467 113.448 -3.598
202209 -3.923 113.778 -4.059
202212 -3.758 114.548 -3.863
202303 -3.651 115.427 -3.724
202306 -5.185 115.647 -5.279
202309 -4.448 116.087 -4.511
202312 -3.738 117.296 -3.752
202403 -3.355 117.735 -3.355

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.


Southgobi Resources  (HKSE:01878) 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.


Southgobi Resources Cyclically Adjusted PB Ratio Related Terms

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


Southgobi Resources (HKSE:01878) Business Description

Traded in Other Exchanges
Address
355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8
Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.
Executives
Meng Fa Neng Yuan Kong Gu Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Gao Zhu 2201 Interest of corporation controlled by you
Land Grand International Holding Limited 2101 Beneficial owner
Inner Mongolia Tianyu Trading Limited 2201 Interest of corporation controlled by you
Jd Dingxing Limited 2201 Interest of corporation controlled by you
Jd Zhixing Fund L.p. 2101 Beneficial owner
Zhu Chonglin 2201 Interest of corporation controlled by you
An Yong 2201 Interest of corporation controlled by you
Inner Mongolia Yuxinsheng Technology Co., Ltd. 2201 Interest of corporation controlled by you
Inner Mongolia Tianyu Innovation Investment Group Co., Ltd. 2201 Interest of corporation controlled by you
Li Gang 2201 Interest of corporation controlled by you
Wei Hong Guo Ji Neng Yuan Ke Ji Bei Jing You Xian Gong Si 2201 Interest of corporation controlled by you
Nei Meng Gu Wei Hong Neng Yuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited 2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited 2101 Beneficial owner

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