Central PetroVietnam Fertilizer And Chemicals Joint Stock Company (HSTC:PCE) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Central PetroVietnam Fertilizer And Chemicals Joint Stock Company  (HSTC:PCE) 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.


Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Cyclically Adjusted PB Ratio Related Terms


Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Central PetroVietnam Fertilizer And Chemicals Joint Stock Company'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.

Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Cyclically Adjusted PB Ratio Chart

Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.23 0.98 0.86 0.94

Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.95 0.86 1.02 0.93 0.86

HSTC:PCE vs LWLW, CHZP, AIKO: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Central PetroVietnam Fertilizer And Chemicals Joint Stock Company'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.


Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Central PetroVietnam Fertilizer And Chemicals Joint Stock Company's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Central PetroVietnam Fertilizer And Chemicals Joint Stock Company's Cyclically Adjusted PB Ratio falls into.



Central PetroVietnam Fertilizer And Chemicals Joint Stock Company 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.

Central PetroVietnam Fertilizer And Chemicals Joint Stock Company's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Central PetroVietnam Fertilizer And Chemicals Joint Stock Company's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=18975.562/324.0540*324.0540
=18,975.562

Current CPI (Dec25) = 324.0540.

Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Annual Data

Book Value per Share CPI Adj_Book
201612 16,099.779 241.432 21,609.388
201712 16,102.646 246.524 21,166.811
201812 16,282.397 251.233 21,001.922
201912 16,252.012 256.974 20,494.406
202012 16,035.002 260.474 19,949.041
202112 20,338.609 278.802 23,639.743
202212 20,041.577 296.797 21,882.139
202312 18,667.811 306.746 19,721.134
202412 19,485.316 315.605 20,006.954
202512 18,975.562 324.054 18,975.562

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.


Central PetroVietnam Fertilizer And Chemicals Joint Stock Company Business Description

Address Lot A2, Nhon Binh Industrial Zone, Nhon Binh Ward, Binh Dinh Province, Quy Nhon, VNM
Central PetroVietnam Fertilizer And Chemicals Joint Stock Company is engaged in the wholesale of agricultural and forestry raw materials. Its business activities include buying & selling of agricultural & forestry products; purchase of fertilizers & chemical products; cargo car business; advertising and trading of real estate.