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Lao Feng Xiang Co (SHSE:900905) Cyclically Adjusted PB Ratio : 3.21 (As of Jun. 04, 2025)


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What is Lao Feng Xiang Co Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Lao Feng Xiang Co's current share price is $3.593. Lao Feng Xiang Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $1.12. Lao Feng Xiang Co's Cyclically Adjusted PB Ratio for today is 3.21.

The historical rank and industry rank for Lao Feng Xiang Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:900905' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.04   Med: 5.44   Max: 17.1
Current: 3.26

During the past years, Lao Feng Xiang Co's highest Cyclically Adjusted PB Ratio was 17.10. The lowest was 3.04. And the median was 5.44.

SHSE:900905's Cyclically Adjusted PB Ratio is ranked worse than
78% of 750 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs SHSE:900905: 3.26

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.

Lao Feng Xiang Co's adjusted book value per share data for the three months ended in Mar. 2025 was $3.459. 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 $1.12 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lao Feng Xiang Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lao Feng Xiang 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.

Lao Feng Xiang Co Cyclically Adjusted PB Ratio Chart

Lao Feng Xiang 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 4.70 4.17 3.43 4.99 3.53

Lao Feng Xiang 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 5.99 3.99 4.16 3.53 3.23

Competitive Comparison of Lao Feng Xiang Co's Cyclically Adjusted PB Ratio

For the Luxury Goods subindustry, Lao Feng Xiang 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.


Lao Feng Xiang Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lao Feng Xiang Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lao Feng Xiang Co's Cyclically Adjusted PB Ratio falls into.


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Lao Feng Xiang 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.

Lao Feng Xiang Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.593/1.12
=3.21

* 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.

Lao Feng Xiang Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Lao Feng Xiang 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)
=3.459/115.1156*115.1156
=3.459

Current CPI (Mar. 2025) = 115.1156.

Lao Feng Xiang Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.380 99.500 1.597
201509 1.257 100.500 1.440
201512 1.346 100.600 1.540
201603 1.399 102.200 1.576
201606 1.458 101.400 1.655
201609 1.377 102.400 1.548
201612 1.398 102.600 1.569
201703 1.485 103.200 1.656
201706 1.580 103.100 1.764
201709 1.575 104.100 1.742
201712 1.626 104.500 1.791
201803 1.807 105.300 1.975
201806 1.856 104.900 2.037
201809 1.690 106.600 1.825
201812 1.720 106.500 1.859
201903 1.869 107.700 1.998
201906 1.921 107.700 2.053
201909 1.822 109.800 1.910
201912 1.913 111.200 1.980
202003 2.012 112.300 2.062
202006 2.095 110.400 2.184
202009 2.149 111.700 2.215
202012 2.328 111.500 2.403
202103 2.531 112.662 2.586
202106 2.486 111.769 2.560
202109 2.609 112.215 2.676
202112 2.759 113.108 2.808
202203 2.893 114.335 2.913
202206 2.661 114.558 2.674
202209 2.662 115.339 2.657
202212 2.777 115.116 2.777
202303 3.008 115.116 3.008
202306 2.838 114.558 2.852
202309 2.966 115.339 2.960
202312 3.099 114.781 3.108
202403 3.286 115.227 3.283
202406 3.151 114.781 3.160
202409 3.332 115.785 3.313
202412 3.281 114.893 3.287
202503 3.459 115.116 3.459

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.


Lao Feng Xiang Co  (SHSE:900905) 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.


Lao Feng Xiang Co Cyclically Adjusted PB Ratio Related Terms

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


Lao Feng Xiang Co Business Description

Traded in Other Exchanges
Address
No. 270, Luxi Road, 6th Floor, Building 1, Xuhui District, Shanghai, CHN, 200235
Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products.

Lao Feng Xiang Co Headlines

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