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Vipshop Holdings (LTS:0LQ0) Cyclically Adjusted PB Ratio : 4.09 (As of Apr. 30, 2024)


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What is Vipshop Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Vipshop Holdings's current share price is $24.50. Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $5.99. Vipshop Holdings's Cyclically Adjusted PB Ratio for today is 4.09.

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

LTS:0LQ0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 4.07   Max: 21.24
Current: 3.62

During the past years, Vipshop Holdings's highest Cyclically Adjusted PB Ratio was 21.24. The lowest was 2.08. And the median was 4.07.

LTS:0LQ0's Cyclically Adjusted PB Ratio is ranked worse than
82.75% of 719 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs LTS:0LQ0: 3.62

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.

Vipshop Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $9.545. 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 $5.99 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vipshop Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vipshop Holdings'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.

Vipshop Holdings Cyclically Adjusted PB Ratio Chart

Vipshop Holdings 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 - 13.15 3.09 3.86 4.09

Vipshop Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.86 4.07 4.22 3.87 4.09

Competitive Comparison of Vipshop Holdings's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Vipshop Holdings'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.


Vipshop Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vipshop Holdings's Cyclically Adjusted PB Ratio falls into.



Vipshop Holdings 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.

Vipshop Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.50/5.99
=4.09

* 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.

Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Vipshop Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.545/114.6694*114.6694
=9.545

Current CPI (Dec. 2023) = 114.6694.

Vipshop Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.485 98.600 0.564
201406 0.543 98.200 0.634
201409 0.615 98.900 0.713
201412 0.721 99.000 0.835
201503 0.834 99.900 0.957
201506 0.962 99.500 1.109
201509 1.025 100.500 1.170
201512 0.941 100.600 1.073
201603 1.069 102.200 1.199
201606 1.194 101.400 1.350
201609 1.288 102.400 1.442
201612 1.420 102.600 1.587
201703 1.602 103.200 1.780
201706 1.781 103.100 1.981
201709 2.000 104.100 2.203
201712 3.304 104.500 3.626
201803 3.639 105.300 3.963
201806 3.742 104.900 4.090
201809 3.627 106.600 3.902
201812 3.774 106.500 4.063
201903 4.103 107.700 4.369
201906 4.199 107.700 4.471
201909 4.296 109.800 4.487
201912 4.642 111.200 4.787
202003 4.803 112.300 4.904
202006 5.110 110.400 5.308
202009 5.618 111.700 5.767
202012 6.421 111.500 6.604
202103 6.854 112.662 6.976
202106 6.914 111.769 7.093
202109 7.062 112.215 7.216
202112 7.546 113.108 7.650
202203 7.845 114.335 7.868
202206 7.720 114.558 7.728
202209 7.642 115.339 7.598
202212 8.018 115.116 7.987
202303 8.326 115.116 8.294
202306 8.340 114.558 8.348
202309 8.543 115.339 8.493
202312 9.545 114.669 9.545

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.


Vipshop Holdings  (LTS:0LQ0) 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.


Vipshop Holdings Cyclically Adjusted PB Ratio Related Terms

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


Vipshop Holdings (LTS:0LQ0) Business Description

Traded in Other Exchanges
Address
128 Dingxin Road, Haizhu District, Guangdong, Guangzhou, CHN, 510220
Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Its operating segment includes Vip.com and Shan Shan Outlets. The company generates maximum revenue from Vip.com segment.

Vipshop Holdings (LTS:0LQ0) Headlines

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