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Caida Securities Co (SHSE:600906) Cyclically Adjusted PB Ratio : 1.94 (As of Jun. 05, 2025)


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What is Caida Securities Co Cyclically Adjusted PB Ratio?

As of today (2025-06-05), Caida Securities Co's current share price is ¥6.70. Caida Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.46. Caida Securities Co's Cyclically Adjusted PB Ratio for today is 1.94.

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

SHSE:600906' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.62   Med: 2.02   Max: 2.37
Current: 1.86

During the past years, Caida Securities Co's highest Cyclically Adjusted PB Ratio was 2.37. The lowest was 1.62. And the median was 2.02.

SHSE:600906's Cyclically Adjusted PB Ratio is ranked worse than
59.89% of 531 companies
in the Capital Markets industry
Industry Median: 1.31 vs SHSE:600906: 1.86

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.

Caida Securities Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥3.717. 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 ¥3.46 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caida Securities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Caida 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.

Caida Securities Co Cyclically Adjusted PB Ratio Chart

Caida 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 - - - 2.20 2.06

Caida 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 2.06 1.67 2.32 2.06 1.92

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

For the Capital Markets subindustry, Caida 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.


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

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

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


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Caida 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.70/3.46
=1.94

* 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.

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

For example, Caida 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)
=3.717/115.1156*115.1156
=3.717

Current CPI (Mar. 2025) = 115.1156.

Caida Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201112 0.000 92.885 0.000
201212 0.000 95.237 0.000
201312 0.000 97.624 0.000
201412 0.000 99.000 0.000
201503 0.000 99.900 0.000
201506 0.000 99.500 0.000
201509 0.000 100.500 0.000
201512 0.000 100.600 0.000
201603 0.000 102.200 0.000
201606 0.000 101.400 0.000
201612 3.125 102.600 3.506
201706 3.184 103.100 3.555
201712 3.218 104.500 3.545
201803 3.257 105.300 3.561
201806 3.218 104.900 3.531
201812 3.082 106.500 3.331
201903 3.192 107.700 3.412
201906 3.076 107.700 3.288
201912 3.157 111.200 3.268
202003 3.225 112.300 3.306
202006 3.133 110.400 3.267
202009 0.000 111.700 0.000
202012 3.251 111.500 3.356
202103 2.815 112.662 2.876
202106 3.362 111.769 3.463
202109 3.398 112.215 3.486
202112 3.439 113.108 3.500
202203 3.463 114.335 3.487
202206 3.415 114.558 3.432
202209 3.454 115.339 3.447
202212 3.432 115.116 3.432
202303 3.495 115.116 3.495
202306 3.508 114.558 3.525
202309 3.553 115.339 3.546
202312 3.569 114.781 3.579
202403 3.603 115.227 3.600
202406 3.543 114.781 3.553
202409 3.582 115.785 3.561
202412 3.680 114.893 3.687
202503 3.717 115.116 3.717

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.


Caida Securities Co  (SHSE:600906) 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.


Caida Securities Co Cyclically Adjusted PB Ratio Related Terms

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


Caida Securities Co Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Ziqiang Road, Hebei Province, Shijiazhuang, CHN, 050000
Caida Securities Co Ltd is engaged in securities brokerage, securities investment consulting, securities underwriting and sponsorship, securities self-operation, securities asset management, margin trading, securities lending, securities investment fund agency sales, financial advisors related to securities trading and securities investment activities, and financial products sales agency.

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