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Founder Securities Co (SHSE:601901) Cyclically Adjusted PB Ratio : 1.76 (As of May. 16, 2024)


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What is Founder Securities Co Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Founder Securities Co's current share price is ¥8.63. Founder Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥4.91. Founder Securities Co's Cyclically Adjusted PB Ratio for today is 1.76.

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

SHSE:601901' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.36   Med: 1.78   Max: 2.57
Current: 1.86

During the past years, Founder Securities Co's highest Cyclically Adjusted PB Ratio was 2.57. The lowest was 1.36. And the median was 1.78.

SHSE:601901's Cyclically Adjusted PB Ratio is ranked worse than
62.61% of 476 companies
in the Capital Markets industry
Industry Median: 1.16 vs SHSE:601901: 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.

Founder Securities Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥5.611. 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 ¥4.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Founder Securities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Founder 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.

Founder Securities Co Cyclically Adjusted PB Ratio Chart

Founder Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 2.57 1.82 1.38 1.66

Founder Securities 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 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 1.49 1.39 1.54 1.66 1.66

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

For the Capital Markets subindustry, Founder 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.


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

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

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



Founder 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.63/4.91
=1.76

* 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.

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

For example, Founder Securities 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)
=5.611/114.6694*114.6694
=5.611

Current CPI (Mar. 2024) = 114.6694.

Founder Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.678 98.200 3.127
201409 3.609 98.900 4.184
201412 3.685 99.000 4.268
201503 3.814 99.900 4.378
201506 4.083 99.500 4.705
201509 4.171 100.500 4.759
201512 4.247 100.600 4.841
201603 4.269 102.200 4.790
201606 4.232 101.400 4.786
201609 4.314 102.400 4.831
201612 4.304 102.600 4.810
201703 4.362 103.200 4.847
201706 4.427 103.100 4.924
201709 4.517 104.100 4.976
201712 4.547 104.500 4.989
201803 4.590 105.300 4.998
201806 4.550 104.900 4.974
201809 4.605 106.600 4.954
201812 4.564 106.500 4.914
201903 4.663 107.700 4.965
201906 4.656 107.700 4.957
201909 4.696 109.800 4.904
201912 4.683 111.200 4.829
202003 4.703 112.300 4.802
202006 4.744 110.400 4.927
202009 4.850 111.700 4.979
202012 4.813 111.500 4.950
202103 4.900 112.662 4.987
202106 4.945 111.769 5.073
202109 5.029 112.215 5.139
202112 5.024 113.108 5.093
202203 5.080 114.335 5.095
202206 5.156 114.558 5.161
202209 5.216 115.339 5.186
202212 5.228 115.116 5.208
202303 5.302 115.116 5.281
202306 5.410 114.558 5.415
202309 5.452 115.339 5.420
202312 5.495 114.669 5.495
202403 5.611 114.669 5.611

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.


Founder Securities Co  (SHSE:601901) 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.


Founder Securities Co Cyclically Adjusted PB Ratio Related Terms

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


Founder Securities Co (SHSE:601901) Business Description

Traded in Other Exchanges
N/A
Address
2, Xiangjiang Middle Road, 3701-3717, Building 4, 5, Huayuanhua Center, No. 36, Section 2, Tianxin District, Hunan, Changsha, CHN, 410002
Founder Securities Co Ltd is a comprehensive securities company with a full broker license. Its business includes brokerage, investment banking, consulting, QFII business, securities underwriting and sponsorship and fund and asset management.

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