Wolong Resources Group Co (SHSE:600173) Cyclically Adjusted PB Ratio : 0.99 (As of Jun. 20, 2024)

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What is Wolong Resources Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Wolong Resources Group Co's current share price is ¥3.79. Wolong Resources Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.82. Wolong Resources Group Co's Cyclically Adjusted PB Ratio for today is 0.99.

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

SHSE:600173' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9 Med: 1.97 Max: 7.71
Current: 1.05

During the past years, Wolong Resources Group Co's highest Cyclically Adjusted PB Ratio was 7.71. The lowest was 0.90. And the median was 1.97.

SHSE:600173's Cyclically Adjusted PB Ratio is ranked worse than
65.32% of 1413 companies
in the Real Estate industry
Industry Median: 0.69 vs SHSE:600173: 1.05

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.

Wolong Resources Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥5.435. 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 ¥3.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Wolong Resources Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wolong Resources Group 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.

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Wolong Resources Group Co Cyclically Adjusted PB Ratio Chart

Wolong Resources Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.99

1.77

2.10

1.51

1.34

Wolong Resources Group Co 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															1.51	1.48	1.39	1.34	1.05

Competitive Comparison of Wolong Resources Group Co's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Wolong Resources Group 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.

Wolong Resources Group Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wolong Resources Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wolong Resources Group Co's Cyclically Adjusted PB Ratio falls into.

Wolong Resources Group 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.

Wolong Resources Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.79	/	3.82
	=	0.99

Wolong Resources Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Wolong Resources Group Co'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)
	=	5.435	/	115.2271	*	115.2271
	=	5.435

Current CPI (Mar. 2024) = 115.2271.

Wolong Resources Group Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	2.076	98.200	2.436
201409	2.089	98.900	2.434
201412	2.215	99.000	2.578
201503	2.243	99.900	2.587
201506	2.230	99.500	2.582
201509	2.238	100.500	2.566
201512	2.248	100.600	2.575
201603	2.273	102.200	2.563
201606	2.266	101.400	2.575
201609	2.282	102.400	2.568
201612	2.300	102.600	2.583
201703	2.351	103.200	2.625
201706	2.383	103.100	2.663
201709	2.563	104.100	2.837
201712	2.650	104.500	2.922
201803	2.808	105.300	3.073
201806	2.795	104.900	3.070
201809	2.893	106.600	3.127
201812	3.186	106.500	3.447
201903	3.523	107.700	3.769
201906	3.533	107.700	3.780
201909	3.679	109.800	3.861
201912	3.971	111.200	4.115
202003	4.066	112.300	4.172
202006	3.977	110.400	4.151
202009	4.087	111.700	4.216
202012	4.503	111.500	4.654
202103	4.681	112.662	4.788
202106	4.850	111.769	5.000
202109	4.954	112.215	5.087
202112	5.082	113.108	5.177
202203	5.077	114.335	5.117
202206	5.225	114.558	5.256
202209	5.366	115.339	5.361
202212	5.280	115.116	5.285
202303	5.375	115.116	5.380
202306	5.467	114.558	5.499
202309	5.520	115.339	5.515
202312	5.413	114.781	5.434
202403	5.435	115.227	5.435

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.

Wolong Resources Group Co (SHSE:600173) 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.

Wolong Resources Group Co Cyclically Adjusted PB Ratio Related Terms

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

Wolong Resources Group Co (SHSE:600173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wolong Resources Group Co Ltd (SHSE:600173) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

No. 1801 Renmin West Road, Economic Development Zone, Zhejiang, Shangyu, CHN, 312300

Website

http://www.wolong-re.com

Wolong Resources Group Co Ltd is engaged in the development and operation of real estate in China.

Executives

Ni Yu Tai	Director
Ma Ya Jun	Director
Chen Ti Yin	Supervisors
Sun Hui Fang	Supervisors
Wang Xi Quan	Director
Guo Xiao Xiong	Director
Chen Yan Ni	Director

Wolong Resources Group Co (SHSE:600173) Headlines

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