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Sinolink Securities Co (SHSE:600109) Cyclically Adjusted PB Ratio : 1.13 (As of Jun. 04, 2025)


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What is Sinolink Securities Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Sinolink Securities Co's current share price is ¥8.47. Sinolink Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥7.47. Sinolink Securities Co's Cyclically Adjusted PB Ratio for today is 1.13.

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

SHSE:600109' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 2.2   Max: 18.98
Current: 1.12

During the past years, Sinolink Securities Co's highest Cyclically Adjusted PB Ratio was 18.98. The lowest was 1.00. And the median was 2.20.

SHSE:600109's Cyclically Adjusted PB Ratio is ranked worse than
71.47% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs SHSE:600109: 1.12

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.

Sinolink Securities Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥9.235. 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 ¥7.47 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinolink Securities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sinolink Securities Co'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.

Sinolink Securities Co Cyclically Adjusted PB Ratio Chart

Sinolink Securities Co 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 3.31 2.04 1.40 1.34 1.19

Sinolink Securities Co 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 1.23 1.07 1.35 1.19 1.12

Competitive Comparison of Sinolink Securities Co's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Sinolink Securities Co'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.


Sinolink Securities Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sinolink Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sinolink Securities Co's Cyclically Adjusted PB Ratio falls into.


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Sinolink Securities Co 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.

Sinolink Securities Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.47/7.47
=1.13

* 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.

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

For example, Sinolink Securities Co'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)
=9.235/115.1156*115.1156
=9.235

Current CPI (Mar. 2025) = 115.1156.

Sinolink Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.169 99.500 5.980
201509 5.295 100.500 6.065
201512 5.449 100.600 6.235
201603 5.490 102.200 6.184
201606 5.511 101.400 6.256
201609 5.660 102.400 6.363
201612 5.785 102.600 6.491
201703 5.904 103.200 6.586
201706 5.960 103.100 6.655
201709 6.102 104.100 6.748
201712 6.228 104.500 6.861
201803 6.312 105.300 6.900
201806 6.269 104.900 6.880
201809 6.368 106.600 6.877
201812 6.422 106.500 6.942
201903 6.600 107.700 7.054
201906 6.640 107.700 7.097
201909 6.718 109.800 7.043
201912 6.852 111.200 7.093
202003 6.989 112.300 7.164
202006 7.102 110.400 7.405
202009 7.303 111.700 7.526
202012 7.428 111.500 7.669
202103 7.558 112.662 7.723
202106 7.646 111.769 7.875
202109 7.821 112.215 8.023
202112 8.076 113.108 8.219
202203 6.590 114.335 6.635
202206 8.178 114.558 8.218
202209 8.262 115.339 8.246
202212 8.358 115.116 8.358
202303 8.517 115.116 8.517
202306 8.567 114.558 8.609
202309 8.639 115.339 8.622
202312 8.744 114.781 8.769
202403 8.861 115.227 8.852
202406 8.735 114.781 8.760
202409 8.865 115.785 8.814
202412 9.086 114.893 9.104
202503 9.235 115.116 9.235

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.


Sinolink Securities Co  (SHSE:600109) 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.


Sinolink Securities Co Cyclically Adjusted PB Ratio Related Terms

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


Sinolink Securities Co Business Description

Traded in Other Exchanges
N/A
Address
No. 95, Dongchenggenshang Street, Qingyang District, Sichuan Province, Chengdu, CHN, 610015
Sinolink Securities Co Ltd is engaged in investment banking, researching, consulting, and brokerage services in China. The company provides securities brokerage; securities investment consulting; financial advisory services related to securities trading and securities investment activities; securities underwriting and sponsorship; securities proprietary trading; securities asset management; margin trading; agency sales of financial products; agency sales of securities investment funds; and provision of intermediary introduction services for futures companies.

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