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Foshan Haitian Flavouring and Food Co (SHSE:603288) Cyclically Adjusted PB Ratio : 12.95 (As of Jun. 04, 2025)


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What is Foshan Haitian Flavouring and Food Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Foshan Haitian Flavouring and Food Co's current share price is ¥44.17. Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥3.41. Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio for today is 12.95.

The historical rank and industry rank for Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603288' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.91   Med: 16.63   Max: 44.97
Current: 13.02

During the past years, Foshan Haitian Flavouring and Food Co's highest Cyclically Adjusted PB Ratio was 44.97. The lowest was 10.91. And the median was 16.63.

SHSE:603288's Cyclically Adjusted PB Ratio is ranked worse than
95.99% of 1323 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs SHSE:603288: 13.02

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.

Foshan Haitian Flavouring and Food Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥5.952. 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 ¥3.41 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foshan Haitian Flavouring and Food Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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.

Foshan Haitian Flavouring and Food Co Cyclically Adjusted PB Ratio Chart

Foshan Haitian Flavouring and Food 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 - 37.12 26.17 13.10 13.94

Foshan Haitian Flavouring and Food 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 13.09 11.15 14.98 13.94 11.90

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food 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.


Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio falls into.


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Foshan Haitian Flavouring and Food 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.

Foshan Haitian Flavouring and Food Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.17/3.41
=12.95

* 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.

Foshan Haitian Flavouring and Food Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Foshan Haitian Flavouring and Food 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)
=5.952/115.1156*115.1156
=5.952

Current CPI (Mar. 2025) = 115.1156.

Foshan Haitian Flavouring and Food Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.335 99.500 1.545
201509 1.427 100.500 1.635
201512 1.547 100.600 1.770
201603 1.405 102.200 1.583
201606 1.526 101.400 1.732
201609 1.625 102.400 1.827
201612 1.771 102.600 1.987
201703 1.943 103.200 2.167
201706 1.769 103.100 1.975
201709 1.899 104.100 2.100
201712 2.081 104.500 2.292
201803 2.294 105.300 2.508
201806 2.075 104.900 2.277
201809 2.232 106.600 2.410
201812 2.457 106.500 2.656
201903 2.719 107.700 2.906
201906 2.476 107.700 2.646
201909 2.668 109.800 2.797
201912 2.937 111.200 3.040
202003 3.222 112.300 3.303
202006 2.996 110.400 3.124
202009 3.230 111.700 3.329
202012 3.554 111.500 3.669
202103 3.960 112.662 4.046
202106 3.612 111.769 3.720
202109 3.855 112.215 3.955
202112 4.208 113.108 4.283
202203 4.537 114.335 4.568
202206 4.243 114.558 4.264
202209 4.472 115.339 4.463
202212 4.747 115.116 4.747
202303 5.056 115.116 5.056
202306 4.721 114.558 4.744
202309 4.942 115.339 4.932
202312 5.131 114.781 5.146
202403 5.430 115.227 5.425
202406 5.040 114.781 5.055
202409 5.282 115.785 5.251
202412 5.556 114.893 5.567
202503 5.952 115.116 5.952

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.


Foshan Haitian Flavouring and Food Co  (SHSE:603288) 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.


Foshan Haitian Flavouring and Food Co Cyclically Adjusted PB Ratio Related Terms

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


Foshan Haitian Flavouring and Food Co Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food was founded in 1955 through the consolidation of 25 condiment producers in Foshan, Guangdong province of China. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with number-one market share in soy sauces and oyster sauces in China.
Executives
He Tao Supervisors
Wen Zhi Zhou Director
Chen Min Supervisors
Zhang Xin senior management
Chen Jun Yang Director
Huang Wen Biao senior management
Huang Shu Liang Supervisors
Guan Jiang Hua Director
Pang Kang Director
Cheng Xue Director
Liao Zhang Hui Director
Tong Xing Supervisors
He Ting Wei Director
Wu Zhen Xing senior management
Zhang Yong Le senior management

Foshan Haitian Flavouring and Food Co Headlines

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