GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (OTCPK:PNGAY) » Definitions » Cyclically Adjusted PB Ratio

Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Cyclically Adjusted PB Ratio : 1.43 (As of May. 14, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Ping An Insurance (Group) Co. of China Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Ping An Insurance (Group) Co. of China's current share price is $10.22. Ping An Insurance (Group) Co. of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $7.16. Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio for today is 1.43.

The historical rank and industry rank for Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio or its related term are showing as below:

PNGAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 3.36   Max: 5.92
Current: 1.25

During the past years, Ping An Insurance (Group) Co. of China's highest Cyclically Adjusted PB Ratio was 5.92. The lowest was 1.10. And the median was 3.36.

PNGAY's Cyclically Adjusted PB Ratio is ranked worse than
53.03% of 413 companies
in the Insurance industry
Industry Median: 1.18 vs PNGAY: 1.25

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.

Ping An Insurance (Group) Co. of China's adjusted book value per share data for the three months ended in Mar. 2024 was $13.801. 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 $7.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ping An Insurance (Group) Co. of China Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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.

Ping An Insurance (Group) Co. of China Cyclically Adjusted PB Ratio Chart

Ping An Insurance (Group) Co. of China 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 4.47 3.92 1.95 1.57 1.21

Ping An Insurance (Group) Co. of China 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 1.48 1.47 1.48 1.21 1.19

Competitive Comparison of Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.


Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio falls into.



Ping An Insurance (Group) Co. of China 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.

Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.22/7.16
=1.43

* 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.

Ping An Insurance (Group) Co. of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ping An Insurance (Group) Co. of China'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)
=13.801/114.6694*114.6694
=13.801

Current CPI (Mar. 2024) = 114.6694.

Ping An Insurance (Group) Co. of China Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.186 98.200 4.888
201409 4.500 98.900 5.218
201412 5.262 99.000 6.095
201503 5.519 99.900 6.335
201506 5.839 99.500 6.729
201509 5.641 100.500 6.436
201512 5.670 100.600 6.463
201603 5.850 102.200 6.564
201606 6.043 101.400 6.834
201609 6.223 102.400 6.969
201612 6.063 102.600 6.776
201703 6.530 103.200 7.256
201706 6.844 103.100 7.612
201709 7.466 104.100 8.224
201712 7.855 104.500 8.619
201803 8.692 105.300 9.465
201806 8.733 104.900 9.546
201809 8.427 106.600 9.065
201812 8.845 106.500 9.523
201903 9.765 107.700 10.397
201906 9.919 107.700 10.561
201909 9.862 109.800 10.299
201912 10.501 111.200 10.829
202003 10.756 112.300 10.983
202006 10.845 110.400 11.264
202009 11.400 111.700 11.703
202012 12.758 111.500 13.121
202103 12.976 112.662 13.207
202106 13.484 111.769 13.834
202109 13.422 112.215 13.716
202112 13.955 113.108 14.148
202203 14.373 114.335 14.415
202206 13.869 114.558 13.883
202209 13.074 115.339 12.998
202212 13.640 115.116 13.587
202303 14.573 115.116 14.517
202306 14.081 114.558 14.095
202309 13.591 115.339 13.512
202312 13.828 114.669 13.828
202403 13.801 114.669 13.801

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.


Ping An Insurance (Group) Co. of China  (OTCPK:PNGAY) 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.


Ping An Insurance (Group) Co. of China Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ping An Insurance (Group) Co. of China's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Business Description

Address
No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033
Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.