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LBX Pharmacy Chain JSC (SHSE:603883) Cyclically Adjusted PB Ratio : 4.86 (As of Apr. 30, 2024)


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What is LBX Pharmacy Chain JSC Cyclically Adjusted PB Ratio?

As of today (2024-04-30), LBX Pharmacy Chain JSC's current share price is ¥33.47. LBX Pharmacy Chain JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ¥6.88. LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio for today is 4.86.

The historical rank and industry rank for LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603883' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.39   Med: 4.39   Max: 5.88
Current: 4.67

During the past years, LBX Pharmacy Chain JSC's highest Cyclically Adjusted PB Ratio was 5.88. The lowest was 3.39. And the median was 4.39.

SHSE:603883's Cyclically Adjusted PB Ratio is ranked worse than
76.97% of 304 companies
in the Healthcare Providers & Services industry
Industry Median: 1.96 vs SHSE:603883: 4.67

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.

LBX Pharmacy Chain JSC's adjusted book value per share data for the three months ended in Sep. 2023 was ¥11.394. 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 ¥6.88 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


LBX Pharmacy Chain JSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LBX Pharmacy Chain JSC'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.

LBX Pharmacy Chain JSC Cyclically Adjusted PB Ratio Chart

LBX Pharmacy Chain JSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
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LBX Pharmacy Chain JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - - 5.88 4.53 3.72

Competitive Comparison of LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio

For the Pharmaceutical Retailers subindustry, LBX Pharmacy Chain JSC'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.


LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio falls into.



LBX Pharmacy Chain JSC 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.

LBX Pharmacy Chain JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.47/6.88
=4.86

* 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.

LBX Pharmacy Chain JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, LBX Pharmacy Chain JSC's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=11.394/115.3387*115.3387
=11.394

Current CPI (Sep. 2023) = 115.3387.

LBX Pharmacy Chain JSC Quarterly Data

Book Value per Share CPI Adj_Book
201312 2.225 97.624 2.629
201403 0.000 98.600 0.000
201406 0.000 98.200 0.000
201409 2.524 98.900 2.944
201412 2.659 99.000 3.098
201503 2.127 99.900 2.456
201506 4.318 99.500 5.005
201509 4.408 100.500 5.059
201512 4.565 100.600 5.234
201603 4.728 102.200 5.336
201606 4.698 101.400 5.344
201609 4.477 102.400 5.043
201612 3.808 102.600 4.281
201703 4.041 103.200 4.516
201706 4.033 103.100 4.512
201709 3.943 104.100 4.369
201712 5.651 104.500 6.237
201803 5.836 105.300 6.392
201806 5.462 104.900 6.006
201809 5.662 106.600 6.126
201812 5.874 106.500 6.361
201903 6.235 107.700 6.677
201906 6.477 107.700 6.936
201909 6.455 109.800 6.781
201912 6.683 111.200 6.932
202003 7.071 112.300 7.262
202006 7.757 110.400 8.104
202009 7.814 111.700 8.069
202012 7.866 111.500 8.137
202103 7.834 112.662 8.020
202106 8.070 111.769 8.328
202109 8.243 112.215 8.472
202112 8.202 113.108 8.364
202203 10.821 114.335 10.916
202206 10.779 114.558 10.852
202209 10.821 115.339 10.821
202212 11.164 115.116 11.186
202303 11.538 115.116 11.560
202306 11.563 114.558 11.642
202309 11.394 115.339 11.394

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.


LBX Pharmacy Chain JSC  (SHSE:603883) 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.


LBX Pharmacy Chain JSC Cyclically Adjusted PB Ratio Related Terms

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


LBX Pharmacy Chain JSC (SHSE:603883) Business Description

Traded in Other Exchanges
N/A
Address
No. 288, Xiangya Road, Kaifu District, Hunan, Changsha, CHN, 410005
LBX Pharmacy Chain JSC is a China-based company engages in the sale of medicine and health products. The company is engaged in retailing drugs and other related products, including Chinese and Western medicine, prepared slices of Chinese crude drugs, health equipment, healthy food, and personal care products and life care products. The company is also involved in the wholesale and manufacture of drugs.

LBX Pharmacy Chain JSC (SHSE:603883) Headlines

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