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Zhuzhou Smelter Group Co (SHSE:600961) Cyclically Adjusted PB Ratio : 8.83 (As of Jun. 04, 2025)


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What is Zhuzhou Smelter Group Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Zhuzhou Smelter Group Co's current share price is ¥10.24. Zhuzhou Smelter Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥1.16. Zhuzhou Smelter Group Co's Cyclically Adjusted PB Ratio for today is 8.83.

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

SHSE:600961' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 5.23   Max: 14.69
Current: 8.6

During the past years, Zhuzhou Smelter Group Co's highest Cyclically Adjusted PB Ratio was 14.69. The lowest was 2.27. And the median was 5.23.

SHSE:600961's Cyclically Adjusted PB Ratio is ranked worse than
93.97% of 1543 companies
in the Metals & Mining industry
Industry Median: 0.98 vs SHSE:600961: 8.60

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.

Zhuzhou Smelter Group Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥4.204. 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 ¥1.16 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhuzhou Smelter Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhuzhou Smelter 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.

Zhuzhou Smelter Group Co Cyclically Adjusted PB Ratio Chart

Zhuzhou Smelter 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 6.18 11.41 9.98 9.69 7.24

Zhuzhou Smelter 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 13.01 9.79 8.50 7.24 8.24

Competitive Comparison of Zhuzhou Smelter Group Co's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, Zhuzhou Smelter 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.


Zhuzhou Smelter Group Co's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhuzhou Smelter Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Zhuzhou Smelter 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.24/1.16
=8.83

* 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.

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

For example, Zhuzhou Smelter 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)
=4.204/115.1156*115.1156
=4.204

Current CPI (Mar. 2025) = 115.1156.

Zhuzhou Smelter Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.201 99.500 1.389
201509 0.518 100.500 0.593
201512 0.235 100.600 0.269
201603 0.249 102.200 0.280
201606 0.266 101.400 0.302
201609 0.304 102.400 0.342
201612 0.305 102.600 0.342
201703 0.310 103.200 0.346
201706 0.307 103.100 0.343
201709 0.375 104.100 0.415
201712 0.388 104.500 0.427
201803 0.326 105.300 0.356
201806 0.668 104.900 0.733
201809 0.248 106.600 0.268
201812 0.096 106.500 0.104
201903 0.004 107.700 0.004
201906 0.031 107.700 0.033
201909 0.104 109.800 0.109
201912 0.106 111.200 0.110
202003 0.197 112.300 0.202
202006 0.266 110.400 0.277
202009 0.369 111.700 0.380
202012 0.267 111.500 0.276
202103 0.347 112.662 0.355
202106 0.443 111.769 0.456
202109 0.464 112.215 0.476
202112 0.436 113.108 0.444
202203 0.478 114.335 0.481
202206 0.544 114.558 0.547
202209 0.482 115.339 0.481
202212 3.586 115.116 3.586
202303 2.253 115.116 2.253
202306 3.201 114.558 3.217
202309 3.324 115.339 3.318
202312 3.386 114.781 3.396
202403 3.525 115.227 3.522
202406 3.722 114.781 3.733
202409 3.897 115.785 3.874
202412 4.059 114.893 4.067
202503 4.204 115.116 4.204

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.


Zhuzhou Smelter Group Co  (SHSE:600961) 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.


Zhuzhou Smelter Group Co Cyclically Adjusted PB Ratio Related Terms

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


Zhuzhou Smelter Group Co Business Description

Traded in Other Exchanges
N/A
Address
Qingshuitang, Shifeng District, Hunan Province, Zhuzhou, CHN, 412007
Zhuzhou Smelter Group Co Ltd produces and sells lead, zinc, and alloy products in China. Further, the group comprehensively recovers various rare metals such as copper, gold, silver, antimony, cadmium, indium and antimony and sulfuric acid. Geographically it operates through the region of China.
Executives
Wu Meng Qiu Director

Zhuzhou Smelter Group Co Headlines

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