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FESCO Group Co (SHSE:600861) Cyclically Adjusted PB Ratio : 2.39 (As of Jun. 04, 2025)


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What is FESCO Group Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), FESCO Group Co's current share price is ¥20.45. FESCO Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥8.55. FESCO Group Co's Cyclically Adjusted PB Ratio for today is 2.39.

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

SHSE:600861' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 2.05   Max: 3.65
Current: 2.34

During the past years, FESCO Group Co's highest Cyclically Adjusted PB Ratio was 3.65. The lowest was 0.83. And the median was 2.05.

SHSE:600861's Cyclically Adjusted PB Ratio is ranked worse than
64.96% of 685 companies
in the Business Services industry
Industry Median: 1.55 vs SHSE:600861: 2.34

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.

FESCO Group Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥12.583. 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 ¥8.55 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


FESCO Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FESCO 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.

* Premium members only.

FESCO Group Co Cyclically Adjusted PB Ratio Chart

FESCO Group 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 2.28 2.94 2.72 2.31 2.30

FESCO Group 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 2.34 1.97 2.27 2.30 2.51

Competitive Comparison of FESCO Group Co's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, FESCO 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.


FESCO Group Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FESCO Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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FESCO 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.45/8.55
=2.39

* 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.

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

For example, FESCO Group 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)
=12.583/115.1156*115.1156
=12.583

Current CPI (Mar. 2025) = 115.1156.

FESCO Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.102 99.500 8.217
201509 7.214 100.500 8.263
201512 7.304 100.600 8.358
201603 7.388 102.200 8.322
201606 7.275 101.400 8.259
201609 7.399 102.400 8.318
201612 7.467 102.600 8.378
201703 7.551 103.200 8.423
201706 7.239 103.100 8.083
201709 7.283 104.100 8.054
201712 7.368 104.500 8.116
201803 7.428 105.300 8.120
201806 7.373 104.900 8.091
201809 7.381 106.600 7.971
201812 7.406 106.500 8.005
201903 7.454 107.700 7.967
201906 7.460 107.700 7.974
201909 7.398 109.800 7.756
201912 7.391 111.200 7.651
202003 7.190 112.300 7.370
202006 7.099 110.400 7.402
202009 7.037 111.700 7.252
202012 7.136 111.500 7.367
202103 7.114 112.662 7.269
202106 7.075 111.769 7.287
202109 7.036 112.215 7.218
202112 6.939 113.108 7.062
202203 6.877 114.335 6.924
202206 6.671 114.558 6.703
202209 6.505 115.339 6.492
202212 16.542 115.116 16.542
202303 4.145 115.116 4.145
202306 10.268 114.558 10.318
202309 10.509 115.339 10.489
202312 10.625 114.781 10.656
202403 10.997 115.227 10.986
202406 10.907 114.781 10.939
202409 11.273 115.785 11.208
202412 11.539 114.893 11.561
202503 12.583 115.116 12.583

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.


FESCO Group Co  (SHSE:600861) 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.


FESCO Group Co Cyclically Adjusted PB Ratio Related Terms

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


FESCO Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 23, Fuxing Road, Haidian District, Beijing, CHN, 100022
FESCO Group Co Ltd is engaged in the provision of human resources services, including personnel management services, compensation and welfare services, business outsourcing services, recruitment and flexible employment services and others.
Executives
Wang Lu Zheng Director
Chen Hong Director
Zhou He Ping Director
Yuan Li senior management
Zhao Lei senior management

FESCO Group Co Headlines

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