Kehua Holdings Co (SHSE:603161) Cyclically Adjusted PB Ratio : 1.89 (As of Jun. 20, 2024)

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What is Kehua Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Kehua Holdings Co's current share price is ¥15.11. Kehua Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was ¥8.00. Kehua Holdings Co's Cyclically Adjusted PB Ratio for today is 1.89.

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

SHSE:603161' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47 Med: 1.89 Max: 2.15
Current: 1.95

During the past 12 years, Kehua Holdings Co's highest Cyclically Adjusted PB Ratio was 2.15. The lowest was 1.47. And the median was 1.89.

SHSE:603161's Cyclically Adjusted PB Ratio is ranked worse than
52.29% of 2186 companies
in the Industrial Products industry
Industry Median: 1.84 vs SHSE:603161: 1.95

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.

Kehua Holdings Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was ¥10.430. 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 ¥8.00 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Kehua Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kehua Holdings 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.

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Kehua Holdings Co Cyclically Adjusted PB Ratio Chart

Kehua Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.97

1.61

2.00

Kehua Holdings 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															-	-	-	2.00	-

Competitive Comparison of Kehua Holdings Co's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Kehua Holdings 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.

Kehua Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kehua Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Kehua Holdings 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.

Kehua Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	15.11	/	8
	=	1.89

Kehua Holdings Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Kehua Holdings Co's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	10.43	/	114.7809	*	114.7809
	=	10.430

Current CPI (Dec23) = 114.7809.

Kehua Holdings Co Annual Data

	Book Value per Share	CPI	Adj_Book
201412	2.986	99.000	3.462
201512	4.640	100.600	5.294
201612	5.657	102.600	6.329
201712	4.931	104.500	5.416
201812	9.344	106.500	10.071
201912	9.651	111.200	9.962
202012	9.804	111.500	10.092
202112	9.325	113.108	9.463
202212	9.484	115.116	9.456
202312	10.430	114.781	10.430

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.

Kehua Holdings Co (SHSE:603161) 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.

Kehua Holdings Co Cyclically Adjusted PB Ratio Related Terms

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Kehua Holdings Co (SHSE:603161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kehua Holdings Co Ltd (SHSE:603161) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.63 Yongkang Road, Jiangsu Zhongguancun Science and Technology Industrial Park, Yongkang, CHN

Website

http://www.khmm.com.cn

Kehua Holdings Co Ltd is engaged in developing automobile turbocharger components, hydraulic pump/valve, and machinery fittings. Its products include Turbocharger sub-component, Hydraulic pump/valve, and Construction machinery fittings.

Executives

Chen Hong Min

Director

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