Changchun Gas Co (SHSE:600333) Cyclically Adjusted PB Ratio : 1.01 (As of Jun. 20, 2024)

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What is Changchun Gas Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Changchun Gas Co's current share price is ¥3.64. Changchun Gas Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.60. Changchun Gas Co's Cyclically Adjusted PB Ratio for today is 1.01.

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

SHSE:600333' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98 Med: 1.68 Max: 4.26
Current: 1.05

During the past years, Changchun Gas Co's highest Cyclically Adjusted PB Ratio was 4.26. The lowest was 0.98. And the median was 1.68.

SHSE:600333's Cyclically Adjusted PB Ratio is ranked better than
61.44% of 459 companies
in the Utilities - Regulated industry
Industry Median: 1.37 vs SHSE:600333: 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.

Changchun Gas Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥3.190. 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 ¥3.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Changchun Gas Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Changchun Gas 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.

Changchun Gas Co Cyclically Adjusted PB Ratio Chart

Changchun Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.41

2.37

1.61

1.37

1.40

Changchun Gas 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															1.30	1.34	1.41	1.40	1.15

Competitive Comparison of Changchun Gas Co's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, Changchun Gas 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.

Changchun Gas Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Changchun Gas Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Changchun Gas 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.

Changchun Gas Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.64	/	3.6
	=	1.01

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

For example, Changchun Gas 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)
	=	3.19	/	115.2271	*	115.2271
	=	3.190

Current CPI (Mar. 2024) = 115.2271.

Changchun Gas Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	3.561	98.200	4.178
201409	3.565	98.900	4.154
201412	3.586	99.000	4.174
201503	3.599	99.900	4.151
201506	3.572	99.500	4.137
201509	3.613	100.500	4.142
201512	2.972	100.600	3.404
201603	3.015	102.200	3.399
201606	2.927	101.400	3.326
201609	2.976	102.400	3.349
201612	3.043	102.600	3.418
201703	3.079	103.200	3.438
201706	4.046	103.100	4.522
201709	3.459	104.100	3.829
201712	3.576	104.500	3.943
201803	3.540	105.300	3.874
201806	3.436	104.900	3.774
201809	3.316	106.600	3.584
201812	3.436	106.500	3.718
201903	3.436	107.700	3.676
201906	3.329	107.700	3.562
201909	3.292	109.800	3.455
201912	3.455	111.200	3.580
202003	3.370	112.300	3.458
202006	3.297	110.400	3.441
202009	3.315	111.700	3.420
202012	3.488	111.500	3.605
202103	3.456	112.662	3.535
202106	3.341	111.769	3.444
202109	3.304	112.215	3.393
202112	3.474	113.108	3.539
202203	3.458	114.335	3.485
202206	3.310	114.558	3.329
202209	3.283	115.339	3.280
202212	3.314	115.116	3.317
202303	3.225	115.116	3.228
202306	3.145	114.558	3.163
202309	3.130	115.339	3.127
202312	3.201	114.781	3.213
202403	3.190	115.227	3.190

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.

Changchun Gas Co (SHSE:600333) 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.

Changchun Gas Co Cyclically Adjusted PB Ratio Related Terms

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

Changchun Gas Co (SHSE:600333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Changchun Gas Co Ltd (SHSE:600333) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

No. 421 Yan'an Street, Chaoyang District, Changchun, Jilin, CHN, 130061

Website

http://www.ccrq.com.cn

Changchun Gas Co Ltd is engaged in the production and supply of gas in China. It engages in the production, sale, storage, transportation, and after-sales service of natural gas for automobiles; operation of gas filling stations.

Executives

Liu Yan Zhi	senior management
Liang Yong Xiang	Directors, senior managers
Jin Yong Hao	senior management
Tong Shao Guang	senior management
Sun Ping	Director
Sun Shu Huai	Directors, senior managers
Zhao Feng Qi	Supervisors
Guo Jun	Supervisors

Changchun Gas Co (SHSE:600333) Headlines

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