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F.I.T Group JSC (STC:FIT) Cyclically Adjusted PB Ratio : 0.37 (As of May. 17, 2024)


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What is F.I.T Group JSC Cyclically Adjusted PB Ratio?

As of today (2024-05-17), F.I.T Group JSC's current share price is ₫4630.00. F.I.T Group JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫12,373.50. F.I.T Group JSC's Cyclically Adjusted PB Ratio for today is 0.37.

The historical rank and industry rank for F.I.T Group JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:FIT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.37   Max: 0.53
Current: 0.37

During the past years, F.I.T Group JSC's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.28. And the median was 0.37.

STC:FIT's Cyclically Adjusted PB Ratio is ranked better than
84.67% of 933 companies
in the Asset Management industry
Industry Median: 0.79 vs STC:FIT: 0.37

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.

F.I.T Group JSC's adjusted book value per share data for the three months ended in Mar. 2024 was ₫11,150.703. 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 ₫12,373.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


F.I.T Group JSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for F.I.T Group 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.

F.I.T Group JSC Cyclically Adjusted PB Ratio Chart

F.I.T Group JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.30 0.36

F.I.T Group JSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.33 0.45 0.41 0.36 0.40

Competitive Comparison of F.I.T Group JSC's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, F.I.T Group 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.


F.I.T Group JSC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, F.I.T Group JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where F.I.T Group JSC's Cyclically Adjusted PB Ratio falls into.



F.I.T Group 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.

F.I.T Group JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4630.00/12373.5
=0.37

* 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.

F.I.T Group JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, F.I.T Group JSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11150.703/131.7762*131.7762
=11,150.703

Current CPI (Mar. 2024) = 131.7762.

F.I.T Group JSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 8,701.926 100.560 11,403.266
201409 8,543.489 100.428 11,210.327
201412 9,319.110 99.070 12,395.686
201503 8,031.953 99.621 10,624.459
201506 10,425.486 100.684 13,644.991
201509 9,630.304 100.392 12,640.959
201512 9,759.655 99.792 12,887.657
201603 10,028.745 100.470 13,153.624
201606 10,274.135 101.688 13,314.109
201609 10,441.999 101.861 13,508.673
201612 10,245.757 101.863 13,254.576
201703 10,153.259 102.862 13,007.284
201706 10,339.765 103.349 13,183.810
201709 10,403.636 104.136 13,165.062
201712 10,427.110 104.011 13,210.561
201803 10,702.420 105.290 13,394.728
201806 10,416.944 106.317 12,911.462
201809 10,481.527 106.507 12,968.347
201812 10,464.556 105.998 13,009.498
201903 10,475.313 107.251 12,870.774
201906 10,490.481 108.070 12,791.729
201909 10,522.350 108.329 12,799.806
201912 10,695.925 108.420 13,000.065
202003 10,688.463 108.902 12,933.569
202006 10,783.959 108.767 13,065.224
202009 10,834.731 109.815 13,001.511
202012 10,852.212 109.897 13,012.783
202103 10,888.372 111.754 12,839.121
202106 11,382.819 114.631 13,085.286
202109 11,383.185 115.734 12,961.005
202112 11,340.367 117.630 12,704.215
202203 11,740.871 121.301 12,754.778
202206 11,354.154 125.017 11,968.050
202209 11,389.812 125.227 11,985.531
202212 11,322.111 125.222 11,914.737
202303 11,458.878 127.348 11,857.350
202306 11,689.610 128.729 11,966.348
202309 10,857.913 129.860 11,018.174
202312 10,978.870 129.419 11,178.801
202403 11,150.703 131.776 11,150.703

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.


F.I.T Group JSC  (STC:FIT) 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.


F.I.T Group JSC Cyclically Adjusted PB Ratio Related Terms

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F.I.T Group JSC (STC:FIT) Business Description

Traded in Other Exchanges
N/A
Address
No. 35 Le Van Luong, 5th Floor, Times Tower, HACC1 Complex, Thanh Xuan District, Hanoi, VNM
F.I.T Group JSC is a Vietnam based company operating in the investment advisory field and financial services. It offers advisory services such as capital mobilization and consultant service for the project, person and business; and M&A advisory service. In addition, the group is also engaged in providing real estate services, which includes appraising service, real estate repo service, management real estate service, mobilizing capital for real estate service, financial advisory service for real estate project including, rent, sell and purchase activities, and direct investment into real estate project. Through its subsidiaries, the group is also involved in the businesses of pharmaceutical, agriculture, FMCG and others.