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China Aoyuan Group (HKSE:03883) Cyclically Adjusted PB Ratio : (As of May. 31, 2025)


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What is China Aoyuan Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Aoyuan Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Aoyuan 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.

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China Aoyuan Group Cyclically Adjusted PB Ratio Chart

China Aoyuan Group 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 1.58 0.37 0.45 0.19 -

China Aoyuan Group 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 0.45 - 0.19 - -

Competitive Comparison of China Aoyuan Group's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, China Aoyuan 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.


China Aoyuan Group's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Aoyuan Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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China Aoyuan 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.

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

For example, China Aoyuan Group'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)
=-7.706/114.8925*114.8925
=-7.706

Current CPI (Dec24) = 114.8925.

China Aoyuan Group Annual Data

Book Value per Share CPI Adj_Book
201512 3.559 100.600 4.065
201612 3.743 102.600 4.191
201712 4.496 104.500 4.943
201812 5.036 106.500 5.433
201912 6.216 111.200 6.422
202012 8.137 111.500 8.385
202112 -6.402 113.108 -6.503
202212 -8.554 115.116 -8.537
202312 -11.869 114.781 -11.881
202412 -7.706 114.893 -7.706

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.


China Aoyuan Group  (HKSE:03883) 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.


China Aoyuan Group Cyclically Adjusted PB Ratio Related Terms

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China Aoyuan Group Business Description

Traded in Other Exchanges
N/A
Address
No. 108, Huangpu Avenue West, Aoyuan Mansion, Tianhe District, Guangzhou, CHN
China Aoyuan Group Ltd is principally engaged in the sales of properties. Along with its subsidiaries, it operates in the following reportable segments: Property development, which is engaged in the development and sale of properties; Property investment, which is engaged in the leasing of investment properties; and the Others segment, involved in hotel operations, provision of property management services, sales of goods and provision of services. A majority of its revenue is generated from the Property development segment. Geographically, the group derives maximum revenue from Mainland China, and the rest from Canada.
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