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Vipshop Holdings (MEX:VIPS N) Cyclically Adjusted PB Ratio : 2.32 (As of Jun. 30, 2025)


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What is Vipshop Holdings Cyclically Adjusted PB Ratio?

As of today (2025-06-30), Vipshop Holdings's current share price is MXN283.00. Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN121.76. Vipshop Holdings's Cyclically Adjusted PB Ratio for today is 2.32.

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

MEX:VIPS N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 3.79   Max: 21.24
Current: 2.72

During the past years, Vipshop Holdings's highest Cyclically Adjusted PB Ratio was 21.24. The lowest was 2.08. And the median was 3.79.

MEX:VIPS N's Cyclically Adjusted PB Ratio is ranked worse than
73.23% of 777 companies
in the Retail - Cyclical industry
Industry Median: 1.23 vs MEX:VIPS N: 2.72

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 Mar. 2025 was MXN220.416. 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 MXN121.76 for the trailing ten years ended in Mar. 2025.

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 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 13.15 3.09 3.86 4.09 2.54

Vipshop Holdings 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 3.61 2.71 3.09 2.54 2.83

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.


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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
=283.00/121.76
=2.32

* 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 Mar. 2025 is calculated as:

For example, Vipshop Holdings'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)
=220.416/115.1156*115.1156
=220.416

Current CPI (Mar. 2025) = 115.1156.

Vipshop Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.091 99.500 17.459
201509 17.325 100.500 19.845
201512 16.187 100.600 18.523
201603 18.395 102.200 20.720
201606 22.080 101.400 25.067
201609 24.897 102.400 27.989
201612 29.279 102.600 32.851
201703 30.159 103.200 33.641
201706 32.192 103.100 35.944
201709 36.295 104.100 40.136
201712 64.895 104.500 71.487
201803 66.119 105.300 72.282
201806 73.523 104.900 80.683
201809 67.687 106.600 73.094
201812 74.094 106.500 80.088
201903 79.581 107.700 85.060
201906 80.665 107.700 86.219
201909 84.821 109.800 88.927
201912 87.541 111.200 90.624
202003 112.622 112.300 115.446
202006 117.960 110.400 122.999
202009 124.112 111.700 127.907
202012 127.732 111.500 131.874
202103 140.105 112.662 143.157
202106 137.631 111.769 141.752
202109 145.210 112.215 148.963
202112 154.798 113.108 157.546
202203 156.208 114.335 157.275
202206 155.313 114.558 156.069
202209 153.723 115.339 153.426
202212 156.320 115.116 156.320
202303 150.081 115.116 150.081
202306 142.975 114.558 143.671
202309 148.818 115.339 148.530
202312 162.027 114.781 162.499
202403 159.312 115.227 159.158
202406 181.191 114.781 181.719
202409 203.844 115.785 202.666
202412 223.305 114.893 223.739
202503 220.416 115.116 220.416

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  (MEX:VIPS 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.


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 Business Description

Traded in Other Exchanges
Address
128 Dingxin Road, Haizhu District, Guangdong Province, Guangzhou, CHN, 510220
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts ranging from 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurements, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with over 29,000 global partners as of Dec. 31, 2023. As of March 31, 2024, Eric Ya Shen, chairman and CEO, has 63.1% voting rights and a 30.9% stake while Arthur Xiaobo Hong, vice chairman and COO, has a 17.6% stake. Leading Chinese social media firm and strategic shareholder Tencent also holds an 11.8% interest.

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