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Shenwan Hongyuan Group Co (HKSE:06806) Cyclically Adjusted PB Ratio : 1.45 (As of Jun. 05, 2024)


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What is Shenwan Hongyuan Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Shenwan Hongyuan Group Co's current share price is HK$1.52. Shenwan Hongyuan Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$1.05. Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio for today is 1.45.

The historical rank and industry rank for Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:06806' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.44   Max: 2.44
Current: 1.35

During the past years, Shenwan Hongyuan Group Co's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 1.24. And the median was 1.44.

HKSE:06806's Cyclically Adjusted PB Ratio is ranked worse than
54.99% of 551 companies
in the Capital Markets industry
Industry Median: 1.17 vs HKSE:06806: 1.35

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.

Shenwan Hongyuan Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was HK$4.427. 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$1.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenwan Hongyuan Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shenwan Hongyuan Group 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.

Shenwan Hongyuan Group Co Cyclically Adjusted PB Ratio Chart

Shenwan Hongyuan Group Co 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 - 2.14 1.81 1.27 1.33

Shenwan Hongyuan Group Co 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 1.30 1.42 1.30 1.33 1.32

Competitive Comparison of Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Shenwan Hongyuan Group 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.


Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio falls into.



Shenwan Hongyuan Group 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.

Shenwan Hongyuan Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.52/1.05
=1.45

* 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.

Shenwan Hongyuan Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shenwan Hongyuan Group Co'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)
=4.427/115.2271*115.2271
=4.427

Current CPI (Mar. 2024) = 115.2271.

Shenwan Hongyuan Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.503 98.200 2.937
201409 0.000 98.900 0.000
201412 4.379 99.000 5.097
201503 2.553 99.900 2.945
201506 2.877 99.500 3.332
201509 2.818 100.500 3.231
201512 3.010 100.600 3.448
201603 2.977 102.200 3.356
201606 2.861 101.400 3.251
201609 2.934 102.400 3.302
201612 2.924 102.600 3.284
201703 2.998 103.200 3.347
201706 3.002 103.100 3.355
201709 3.232 104.100 3.577
201712 3.260 104.500 3.595
201803 3.745 105.300 4.098
201806 3.634 104.900 3.992
201809 3.506 106.600 3.790
201812 3.498 106.500 3.785
201903 3.336 107.700 3.569
201906 3.648 107.700 3.903
201909 3.608 109.800 3.786
201912 3.698 111.200 3.832
202003 3.749 112.300 3.847
202006 3.699 110.400 3.861
202009 3.966 111.700 4.091
202012 4.188 111.500 4.328
202103 4.313 112.662 4.411
202106 4.452 111.769 4.590
202109 4.744 112.215 4.871
202112 4.656 113.108 4.743
202203 4.732 114.335 4.769
202206 4.491 114.558 4.517
202209 4.328 115.339 4.324
202212 4.239 115.116 4.243
202303 4.434 115.116 4.438
202306 4.322 114.558 4.347
202309 4.268 115.339 4.264
202312 4.374 114.781 4.391
202403 4.427 115.227 4.427

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.


Shenwan Hongyuan Group Co  (HKSE:06806) 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.


Shenwan Hongyuan Group Co Cyclically Adjusted PB Ratio Related Terms

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


Shenwan Hongyuan Group Co (HKSE:06806) Business Description

Traded in Other Exchanges
Address
No. 19, Taipingqiao Street, No. 358, South Beijing Road, 20th Floor, Dacheng International Building, Urumqi High-tech Zone, Xinjiang, Xicheng District, Beijing, CHN, 100033
Shenwan Hongyuan Group Co Ltd is an investment holding and securities firm. Its business includes banking, insurance, trust, and leasing while consolidating and expanding the advantages of the original securities business and building on the capital market as support. The company's business mainly focuses on four segments, including enterprise finance, personal finance, institutional services and trading, as well as investment management. Majority of the revenue for the firm gets derived from Institutional services and trading segment.
Executives
China Life Franklin Asset Management Co., Limited 2102 Investment manager
Central Huijin Investment Ltd.
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si
Hua Xia Ren Shou Bao Xian Gu Fen You Xian Gong Si 2101 Beneficial owner
Guang Da Bao De Xin Ji Jin Guan Li You Xian Gong Si Dai Biao Guang Da Bao De Xin Hua Xia Ren Shou Ha

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