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Vipshop Holdings (STU:1VPA) Cyclically Adjusted PB Ratio : 3.54 (As of May. 26, 2024)


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What is Vipshop Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Vipshop Holdings's current share price is €14.60. Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.13. Vipshop Holdings's Cyclically Adjusted PB Ratio for today is 3.54.

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

STU:1VPA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 4.06   Max: 21.24
Current: 3.47

During the past years, Vipshop Holdings's highest Cyclically Adjusted PB Ratio was 21.24. The lowest was 2.08. And the median was 4.06.

STU:1VPA's Cyclically Adjusted PB Ratio is ranked worse than
81.2% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs STU:1VPA: 3.47

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.

Vipshop Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €8.831. 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 €4.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vipshop Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vipshop Holdings'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.

Vipshop Holdings Cyclically Adjusted PB Ratio Chart

Vipshop Holdings 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 - 13.15 3.09 3.86 4.09

Vipshop Holdings 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 4.07 4.22 3.87 4.09 3.61

Competitive Comparison of Vipshop Holdings's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Vipshop Holdings'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.


Vipshop Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vipshop Holdings 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.

Vipshop Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.60/4.13
=3.54

* 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.

Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Vipshop Holdings'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)
=8.831/115.2271*115.2271
=8.831

Current CPI (Mar. 2024) = 115.2271.

Vipshop Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.400 98.200 0.469
201409 0.478 98.900 0.557
201412 0.584 99.000 0.680
201503 0.770 99.900 0.888
201506 0.857 99.500 0.992
201509 0.913 100.500 1.047
201512 0.864 100.600 0.990
201603 0.960 102.200 1.082
201606 1.063 101.400 1.208
201609 1.147 102.400 1.291
201612 1.346 102.600 1.512
201703 1.498 103.200 1.673
201706 1.585 103.100 1.771
201709 1.678 104.100 1.857
201712 2.792 104.500 3.079
201803 2.952 105.300 3.230
201806 3.203 104.900 3.518
201809 3.109 106.600 3.361
201812 3.317 106.500 3.589
201903 3.631 107.700 3.885
201906 3.716 107.700 3.976
201909 3.901 109.800 4.094
201912 4.177 111.200 4.328
202003 4.347 112.300 4.460
202006 4.538 110.400 4.736
202009 4.770 111.700 4.921
202012 5.278 111.500 5.454
202103 5.757 112.662 5.888
202106 5.739 111.769 5.917
202109 6.003 112.215 6.164
202112 6.678 113.108 6.803
202203 7.124 114.335 7.180
202206 7.303 114.558 7.346
202209 7.719 115.339 7.712
202212 7.569 115.116 7.576
202303 7.777 115.116 7.785
202306 7.698 114.558 7.743
202309 8.005 115.339 7.997
202312 8.753 114.781 8.787
202403 8.831 115.227 8.831

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.


Vipshop Holdings  (STU:1VPA) 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.


Vipshop Holdings Cyclically Adjusted PB Ratio Related Terms

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


Vipshop Holdings (STU:1VPA) Business Description

Address
128 Dingxin Road, Haizhu District, Guangdong, Guangzhou, CHN, 510220
Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Its operating segment includes Vip.com and Shan Shan Outlets. The company generates maximum revenue from Vip.com segment.

Vipshop Holdings (STU:1VPA) Headlines

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