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China Rongzhong Financial Holdings Co (HKSE:03963) Cyclically Adjusted PB Ratio : 0.50 (As of Jun. 03, 2025)


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What is China Rongzhong Financial Holdings Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), China Rongzhong Financial Holdings Co's current share price is HK$0.245. China Rongzhong Financial Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was HK$0.49. China Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for China Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:03963' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.7   Max: 2.08
Current: 0.49

During the past 10 years, China Rongzhong Financial Holdings Co's highest Cyclically Adjusted PB Ratio was 2.08. The lowest was 0.45. And the median was 0.70.

HKSE:03963's Cyclically Adjusted PB Ratio is ranked better than
75.39% of 321 companies
in the Credit Services industry
Industry Median: 1.02 vs HKSE:03963: 0.49

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.

China Rongzhong Financial Holdings Co's adjusted book value per share data of for the fiscal year that ended in Mar24 was HK$0.031. 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$0.49 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Rongzhong Financial Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Rongzhong Financial Holdings Co'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.

China Rongzhong Financial Holdings Co Cyclically Adjusted PB Ratio Chart

China Rongzhong Financial Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.71

China Rongzhong Financial Holdings Co Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - - - 0.71 -

Competitive Comparison of China Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, China Rongzhong Financial Holdings Co'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 Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio falls into.


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China Rongzhong Financial Holdings Co 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 Rongzhong Financial Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.245/0.49
=0.50

* 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.

China Rongzhong Financial Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, China Rongzhong Financial Holdings Co's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.031/117.7354*117.7354
=0.031

Current CPI (Mar24) = 117.7354.

China Rongzhong Financial Holdings Co Annual Data

Book Value per Share CPI Adj_Book
201503 2.031 99.927 2.393
201603 2.043 102.785 2.340
201703 1.250 103.335 1.424
201803 0.506 105.973 0.562
201903 0.205 108.172 0.223
202003 0.037 110.920 0.039
202103 -0.267 111.579 -0.282
202203 -1.700 113.558 -1.763
202303 -0.076 115.427 -0.078
202403 0.031 117.735 0.031

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 Rongzhong Financial Holdings Co  (HKSE:03963) 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 Rongzhong Financial Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


China Rongzhong Financial Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
Unit 3901, 89 Queensway, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG
China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating leases; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.
Executives
Kwok Gareth Wing-sien 2202 Interest of your spouse
Goldbond Group Holdings Limited 2101 Beneficial owner
Wong Yu Lung, Charles 2301 Trustee
Wong Fang Pik Chun 2301 Trustee
Wong Yatyee Michelle 2305 Beneficiary of a trust
Wong Jacqueline Yue Yee 2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited 2101 Beneficial owner
Yeung Nam 2202 Interest of your spouse
Lee Cheuk Yin Dannis 2101 Beneficial owner
Zhao John Huan 2201 Interest of corporation controlled by you
Silver Creation Investments Limited 2101 Beneficial owner
Hony Managing Partners Limited 2201 Interest of corporation controlled by you
Hony Group Management Limited 2201 Interest of corporation controlled by you

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