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IMAX China Holding (HKSE:01970) Cyclically Adjusted PB Ratio : 1.47 (As of May. 31, 2025)


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What is IMAX China Holding Cyclically Adjusted PB Ratio?

As of today (2025-05-31), IMAX China Holding's current share price is HK$8.11. IMAX China Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was HK$5.51. IMAX China Holding's Cyclically Adjusted PB Ratio for today is 1.47.

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

HKSE:01970' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.66   Max: 3.21
Current: 1.44

During the past 13 years, IMAX China Holding's highest Cyclically Adjusted PB Ratio was 3.21. The lowest was 1.06. And the median was 1.66.

HKSE:01970's Cyclically Adjusted PB Ratio is ranked worse than
61.12% of 679 companies
in the Media - Diversified industry
Industry Median: 1.08 vs HKSE:01970: 1.44

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.

IMAX China Holding's adjusted book value per share data of for the fiscal year that ended in Dec24 was HK$6.274. 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$5.51 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMAX China Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for IMAX China Holding'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.

IMAX China Holding Cyclically Adjusted PB Ratio Chart

IMAX China Holding 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 - 3.06 1.61 1.36 1.34

IMAX China Holding 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 1.61 - 1.36 - 1.34

Competitive Comparison of IMAX China Holding's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, IMAX China Holding'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.


IMAX China Holding's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IMAX China Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where IMAX China Holding's Cyclically Adjusted PB Ratio falls into.


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IMAX China Holding 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.

IMAX China Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.11/5.51
=1.47

* 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.

IMAX China Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, IMAX China Holding'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)
=6.274/114.8925*114.8925
=6.274

Current CPI (Dec24) = 114.8925.

IMAX China Holding Annual Data

Book Value per Share CPI Adj_Book
201512 3.440 100.600 3.929
201612 4.116 102.600 4.609
201712 5.339 104.500 5.870
201812 5.569 106.500 6.008
201912 5.798 111.200 5.991
202012 5.158 111.500 5.315
202112 5.800 113.108 5.892
202212 5.360 115.116 5.350
202312 5.854 114.781 5.860
202412 6.274 114.893 6.274

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.


IMAX China Holding  (HKSE:01970) 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.


IMAX China Holding Cyclically Adjusted PB Ratio Related Terms

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


IMAX China Holding Business Description

Traded in Other Exchanges
Address
Unit 1201-1208, No. 168 Hubin Road, Infinitus Tower, 12th Floor, Huangpu District, Shanghai, CHN
IMAX China Holding Inc is an investment holding company that operates in the Entertainment industry in China. The company, a subsidiary of IMAX Corporation, creates and distributes proprietary cinema presentation technology. It operates in the following segments namely Content Solutions and Technology Products and Services. Content Solutions derives revenue from a certain percentage of IMAX box office received by the studio partners for the conversion and release of Hollywood films, Chinese language films and other films to the IMAX theatre network. Technology Products and Services derives revenue from exhibitor partners through sales and sales-type lease, revenue sharing arrangements, maintenance services, and other theatre.
Executives
Imax (barbados) Holdings, Inc.
Imax Corporation

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