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Guangdong Songfa Ceramics Co (SHSE:603268) Cyclically Adjusted PB Ratio : 10.27 (As of Jun. 05, 2025)


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What is Guangdong Songfa Ceramics Co Cyclically Adjusted PB Ratio?

As of today (2025-06-05), Guangdong Songfa Ceramics Co's current share price is ¥39.42. Guangdong Songfa Ceramics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.84. Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio for today is 10.27.

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

SHSE:603268' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.74   Med: 4.35   Max: 13.16
Current: 10.23

During the past years, Guangdong Songfa Ceramics Co's highest Cyclically Adjusted PB Ratio was 13.16. The lowest was 2.74. And the median was 4.35.

SHSE:603268's Cyclically Adjusted PB Ratio is ranked worse than
97.2% of 321 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.27 vs SHSE:603268: 10.23

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.

Guangdong Songfa Ceramics Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥-0.022. 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 ¥3.84 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guangdong Songfa Ceramics Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co Cyclically Adjusted PB Ratio Chart

Guangdong Songfa Ceramics 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 - - - 4.02 10.02

Guangdong Songfa Ceramics 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 4.43 3.32 3.54 10.02 8.66

Competitive Comparison of Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.


Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio falls into.


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Guangdong Songfa Ceramics 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.

Guangdong Songfa Ceramics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.42/3.84
=10.27

* 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.

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

For example, Guangdong Songfa Ceramics 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)
=-0.022/115.1156*115.1156
=-0.022

Current CPI (Mar. 2025) = 115.1156.

Guangdong Songfa Ceramics Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.203 99.500 4.863
201509 4.303 100.500 4.929
201512 4.345 100.600 4.972
201603 4.418 102.200 4.976
201606 4.408 101.400 5.004
201609 4.493 102.400 5.051
201612 4.595 102.600 5.156
201703 4.650 103.200 5.187
201706 4.660 103.100 5.203
201709 4.682 104.100 5.177
201712 4.831 104.500 5.322
201803 4.772 105.300 5.217
201806 4.760 104.900 5.224
201809 4.901 106.600 5.293
201812 4.978 106.500 5.381
201903 5.112 107.700 5.464
201906 5.008 107.700 5.353
201909 5.175 109.800 5.426
201912 5.193 111.200 5.376
202003 5.076 112.300 5.203
202006 5.204 110.400 5.426
202009 5.251 111.700 5.412
202012 5.398 111.500 5.573
202103 5.323 112.662 5.439
202106 5.317 111.769 5.476
202109 5.223 112.215 5.358
202112 2.917 113.108 2.969
202203 2.744 114.335 2.763
202206 2.599 114.558 2.612
202209 2.141 115.339 2.137
202212 1.546 115.116 1.546
202303 1.370 115.116 1.370
202306 1.227 114.558 1.233
202309 1.036 115.339 1.034
202312 0.606 114.781 0.608
202403 0.521 115.227 0.520
202406 0.326 114.781 0.327
202409 0.120 115.785 0.119
202412 0.012 114.893 0.012
202503 -0.022 115.116 -0.022

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.


Guangdong Songfa Ceramics Co  (SHSE:603268) 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.


Guangdong Songfa Ceramics Co Cyclically Adjusted PB Ratio Related Terms

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


Guangdong Songfa Ceramics Co Business Description

Traded in Other Exchanges
N/A
Address
No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produces household porcelain, custom porcelain hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
Executives
Lin Dao Fan Director
Dong Wei senior management
You Sha Director
Chen Li Yuan senior management
Zhang Rui Hao senior management
Ceng Wen Guang Director
Lin Qiu Lan Director

Guangdong Songfa Ceramics Co Headlines

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