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Shandong Buchang Pharmaceuticals Co (SHSE:603858) Cyclically Adjusted PB Ratio : 1.48 (As of Jun. 01, 2025)


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What is Shandong Buchang Pharmaceuticals Co Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Shandong Buchang Pharmaceuticals Co's current share price is ¥16.70. Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥11.25. Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is 1.48.

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

SHSE:603858' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.33   Max: 1.43
Current: 1.43

During the past years, Shandong Buchang Pharmaceuticals Co's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.98. And the median was 1.33.

SHSE:603858's Cyclically Adjusted PB Ratio is ranked better than
61.38% of 694 companies
in the Drug Manufacturers industry
Industry Median: 1.94 vs SHSE:603858: 1.43

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.

Shandong Buchang Pharmaceuticals Co's adjusted book value per share data for the three months ended in Mar. 2025 was ¥9.471. 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 ¥11.25 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Buchang Pharmaceuticals Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shandong Buchang Pharmaceuticals 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.

Shandong Buchang Pharmaceuticals Co Cyclically Adjusted PB Ratio Chart

Shandong Buchang Pharmaceuticals 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 - - - - 1.42

Shandong Buchang Pharmaceuticals 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 - - 1.07 1.42 1.33

Competitive Comparison of Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Shandong Buchang Pharmaceuticals 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.


Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio falls into.


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Shandong Buchang Pharmaceuticals 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.

Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.70/11.25
=1.48

* 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.

Shandong Buchang Pharmaceuticals Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Shandong Buchang Pharmaceuticals 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)
=9.471/115.1156*115.1156
=9.471

Current CPI (Mar. 2025) = 115.1156.

Shandong Buchang Pharmaceuticals Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 3.963 97.624 4.673
201412 4.255 99.000 4.948
201512 6.915 100.600 7.913
201603 0.000 102.200 0.000
201606 7.500 101.400 8.514
201609 7.299 102.400 8.205
201612 10.940 102.600 12.275
201703 11.133 103.200 12.418
201706 10.574 103.100 11.806
201709 10.965 104.100 12.125
201712 11.406 104.500 12.565
201803 11.586 105.300 12.666
201806 11.061 104.900 12.138
201809 11.507 106.600 12.426
201812 11.979 106.500 12.948
201903 12.041 107.700 12.870
201906 10.841 107.700 11.587
201909 11.424 109.800 11.977
201912 11.947 111.200 12.368
202003 12.213 112.300 12.519
202006 11.173 110.400 11.650
202009 11.606 111.700 11.961
202012 11.993 111.500 12.382
202103 12.369 112.662 12.638
202106 12.333 111.769 12.702
202109 12.620 112.215 12.946
202112 12.524 113.108 12.746
202203 13.011 114.335 13.100
202206 12.997 114.558 13.060
202209 13.819 115.339 13.792
202212 11.177 115.116 11.177
202303 11.587 115.116 11.587
202306 10.891 114.558 10.944
202309 11.053 115.339 11.032
202312 10.503 114.781 10.534
202403 10.456 115.227 10.446
202406 10.206 114.781 10.236
202409 10.091 115.785 10.033
202412 9.237 114.893 9.255
202503 9.471 115.116 9.471

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.


Shandong Buchang Pharmaceuticals Co  (SHSE:603858) 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.


Shandong Buchang Pharmaceuticals Co Cyclically Adjusted PB Ratio Related Terms

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


Shandong Buchang Pharmaceuticals Co Business Description

Traded in Other Exchanges
N/A
Address
No. 369, Zhonghua West Road, Shandong Province, Heze, CHN, 274000
Shandong Buchang Pharmaceuticals Co Ltd is engaged in research and development, production and sales of Chinese patent medicines.

Shandong Buchang Pharmaceuticals Co Headlines

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