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Shareate Tools (SHSE:688257) Cyclically Adjusted PB Ratio : 3.47 (As of Dec. 15, 2024)


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What is Shareate Tools Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Shareate Tools's current share price is ¥17.47. Shareate Tools's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was ¥5.04. Shareate Tools's Cyclically Adjusted PB Ratio for today is 3.47.

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

SHSE:688257' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.78   Med: 3.16   Max: 3.51
Current: 3.51

During the past 10 years, Shareate Tools's highest Cyclically Adjusted PB Ratio was 3.51. The lowest was 2.78. And the median was 3.16.

SHSE:688257's Cyclically Adjusted PB Ratio is ranked worse than
67.05% of 2024 companies
in the Industrial Products industry
Industry Median: 2.205 vs SHSE:688257: 3.51

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.

Shareate Tools's adjusted book value per share data of for the fiscal year that ended in Dec23 was ¥11.572. 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 ¥5.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shareate Tools Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shareate Tools'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.

Shareate Tools Cyclically Adjusted PB Ratio Chart

Shareate Tools Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3.55

Shareate Tools Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 3.55 - - -

Competitive Comparison of Shareate Tools's Cyclically Adjusted PB Ratio

For the Tools & Accessories subindustry, Shareate Tools'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.


Shareate Tools's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shareate Tools's Cyclically Adjusted PB Ratio falls into.



Shareate Tools 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.

Shareate Tools's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.47/5.04
=3.47

* 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.

Shareate Tools's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Shareate Tools'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)
=11.572/114.7809*114.7809
=11.572

Current CPI (Dec23) = 114.7809.

Shareate Tools Annual Data

Book Value per Share CPI Adj_Book
201312 1.068 97.624 1.256
201412 1.192 99.000 1.382
201612 1.751 102.600 1.959
201712 2.137 104.500 2.347
201812 2.436 106.500 2.625
201912 2.893 111.200 2.986
202012 3.770 111.500 3.881
202112 10.977 113.108 11.139
202212 11.285 115.116 11.252
202312 11.572 114.781 11.572

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.


Shareate Tools  (SHSE:688257) 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.


Shareate Tools Cyclically Adjusted PB Ratio Related Terms

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


Shareate Tools Business Description

Traded in Other Exchanges
N/A
Address
133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121
Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, USA, Canada and other countries.
Executives
Yang Han Min Core technical personnel
Li Ning Core technical personnel
senior management
Lu Qing Zhong Core technical personnel
Liu Yong senior management
Zhang Yong Qiang Supervisors
Rao Xiang senior management
Wu He Hong Directors, senior managers
Xue You Gang Supervisors
Yuan Ai Directors, senior managers
Liu Guo Zhu Directors, senior managers

Shareate Tools Headlines

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