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JD.com (MEX:JD N) Cyclically Adjusted PB Ratio : 2.37 (As of Jun. 27, 2025)


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What is JD.com Cyclically Adjusted PB Ratio?

As of today (2025-06-27), JD.com's current share price is MXN627.00. JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN264.98. JD.com's Cyclically Adjusted PB Ratio for today is 2.37.

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

MEX:JD N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.07   Max: 6.97
Current: 2.56

During the past years, JD.com's highest Cyclically Adjusted PB Ratio was 6.97. The lowest was 1.98. And the median was 3.07.

MEX:JD N's Cyclically Adjusted PB Ratio is ranked worse than
72.09% of 781 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs MEX:JD N: 2.56

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.

JD.com's adjusted book value per share data for the three months ended in Mar. 2025 was MXN458.743. 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 MXN264.98 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JD.com'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.

JD.com Cyclically Adjusted PB Ratio Chart

JD.com 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 - - 6.09 2.63 2.78

JD.com Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.43 2.23 3.30 2.78 3.18

Competitive Comparison of JD.com's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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


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JD.com 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.

JD.com's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=627.00/264.98
=2.37

* 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.

JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, JD.com's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=458.743/115.1156*115.1156
=458.743

Current CPI (Mar. 2025) = 115.1156.

JD.com Quarterly Data

Book Value per Share CPI Adj_Book
201506 67.873 99.500 78.525
201509 71.320 100.500 81.692
201512 58.921 100.600 67.423
201603 54.663 102.200 61.571
201606 76.170 101.400 86.473
201609 71.963 102.400 80.899
201612 71.203 102.600 79.889
201703 68.530 103.200 76.443
201706 93.955 103.100 104.905
201709 99.910 104.100 110.482
201712 108.073 104.500 119.052
201803 109.210 105.300 119.390
201806 122.427 104.900 134.349
201809 120.616 106.600 130.251
201812 117.273 106.500 126.760
201903 133.025 107.700 142.184
201906 133.312 107.700 142.491
201909 144.247 109.800 151.230
201912 151.941 111.200 157.291
202003 192.406 112.300 197.230
202006 288.776 110.400 301.111
202009 315.092 111.700 324.727
202012 367.643 111.500 379.565
202103 379.950 112.662 388.226
202106 432.666 111.769 445.620
202109 441.477 112.215 452.887
202112 432.592 113.108 440.271
202203 414.932 114.335 417.766
202206 387.398 114.558 389.284
202209 388.356 115.339 387.605
202212 380.566 115.116 380.566
202303 353.176 115.116 353.176
202306 337.534 114.558 339.178
202309 349.029 115.339 348.354
202312 351.339 114.781 352.364
202403 334.908 115.227 334.584
202406 380.799 114.781 381.909
202409 438.878 115.785 436.341
202412 472.278 114.893 473.195
202503 458.743 115.116 458.743

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.


JD.com  (MEX:JD N) 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.


JD.com Cyclically Adjusted PB Ratio Related Terms

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


JD.com Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

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