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Southwest Securities Co (SHSE:600369) Cyclically Adjusted PB Ratio : 1.13 (As of Jun. 04, 2025)


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What is Southwest Securities Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Southwest Securities Co's current share price is ¥4.25. Southwest Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.76. Southwest Securities Co's Cyclically Adjusted PB Ratio for today is 1.13.

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

SHSE:600369' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.48   Max: 6.72
Current: 1.1

During the past years, Southwest Securities Co's highest Cyclically Adjusted PB Ratio was 6.72. The lowest was 0.96. And the median was 1.48.

SHSE:600369's Cyclically Adjusted PB Ratio is ranked better than
55.98% of 518 companies
in the Capital Markets industry
Industry Median: 1.28 vs SHSE:600369: 1.10

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.

Southwest Securities Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥3.907. 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 ¥3.76 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southwest Securities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Southwest 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.

Southwest Securities Co Cyclically Adjusted PB Ratio Chart

Southwest 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 1.64 1.55 1.05 1.11 1.25

Southwest 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 1.04 0.96 1.29 1.25 1.15

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

For the Capital Markets subindustry, Southwest 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.


Southwest Securities Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Southwest Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Southwest 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.25/3.76
=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.

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

For example, Southwest 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)
=3.907/115.1156*115.1156
=3.907

Current CPI (Mar. 2025) = 115.1156.

Southwest Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.300 99.500 3.818
201509 3.154 100.500 3.613
201512 3.369 100.600 3.855
201603 3.201 102.200 3.606
201606 3.296 101.400 3.742
201609 3.362 102.400 3.779
201612 3.366 102.600 3.777
201703 3.387 103.200 3.778
201706 3.368 103.100 3.761
201709 3.437 104.100 3.801
201712 3.434 104.500 3.783
201803 3.433 105.300 3.753
201806 3.363 104.900 3.691
201809 3.369 106.600 3.638
201812 3.291 106.500 3.557
201903 3.388 107.700 3.621
201906 3.364 107.700 3.596
201909 3.396 109.800 3.560
201912 3.471 111.200 3.593
202003 3.505 112.300 3.593
202006 3.468 110.400 3.616
202009 3.725 111.700 3.839
202012 3.783 111.500 3.906
202103 3.804 112.662 3.887
202106 3.767 111.769 3.880
202109 3.801 112.215 3.899
202112 3.816 113.108 3.884
202203 3.789 114.335 3.815
202206 3.764 114.558 3.782
202209 3.766 115.339 3.759
202212 3.753 115.116 3.753
202303 3.794 115.116 3.794
202306 3.805 114.558 3.824
202309 3.811 115.339 3.804
202312 3.824 114.781 3.835
202403 3.856 115.227 3.852
202406 3.843 114.781 3.854
202409 3.857 115.785 3.835
202412 3.884 114.893 3.892
202503 3.907 115.116 3.907

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.


Southwest Securities Co  (SHSE:600369) 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.


Southwest Securities Co Cyclically Adjusted PB Ratio Related Terms

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


Southwest Securities Co Business Description

Traded in Other Exchanges
N/A
Address
No.8 Qiaobeiyuan, Southwest Securities Building, Jiangbei District, Chongqing, CHN, 400023
Southwest Securities Co Ltd is a national securities company. Its business includes securities brokerage, securities underwriting and sponsorship, financial consulting, asset management and margin financing. Through asset management, the company provides customers with its special and professional asset management services.

Southwest Securities Co Headlines

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