GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Churchill China PLC (STU:EQW) » Definitions » Cyclically Adjusted PB Ratio

Churchill China (STU:EQW) Cyclically Adjusted PB Ratio : 2.74 (As of Jun. 08, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Churchill China Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Churchill China's current share price is €12.40. Churchill China's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €4.52. Churchill China's Cyclically Adjusted PB Ratio for today is 2.74.

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

STU:EQW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 3.46   Max: 6.62
Current: 2.55

During the past 13 years, Churchill China's highest Cyclically Adjusted PB Ratio was 6.62. The lowest was 1.27. And the median was 3.46.

STU:EQW's Cyclically Adjusted PB Ratio is ranked worse than
69.58% of 309 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.47 vs STU:EQW: 2.55

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.

Churchill China's adjusted book value per share data of for the fiscal year that ended in Dec23 was €6.326. 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 €4.52 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Churchill China Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Churchill China'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.

Churchill China Cyclically Adjusted PB Ratio Chart

Churchill China 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 5.97 4.29 5.26 3.04 3.43

Churchill China Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.26 - 3.04 - 3.43

Competitive Comparison of Churchill China's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Churchill China'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.


Churchill China's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Churchill China's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Churchill China 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.

Churchill China's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.40/4.52
=2.74

* 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.

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

For example, Churchill China'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)
=6.326/130.5000*130.5000
=6.326

Current CPI (Dec23) = 130.5000.

Churchill China Annual Data

Book Value per Share CPI Adj_Book
201412 3.304 99.900 4.316
201512 3.868 100.400 5.028
201612 3.092 102.200 3.948
201712 3.502 105.000 4.352
201812 3.856 107.100 4.698
201912 4.492 108.500 5.403
202012 3.723 109.400 4.441
202112 4.557 114.700 5.185
202212 5.923 125.300 6.169
202312 6.326 130.500 6.326

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.


Churchill China  (STU:EQW) 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.


Churchill China Cyclically Adjusted PB Ratio Related Terms

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


Churchill China (STU:EQW) Business Description

Traded in Other Exchanges
Address
No.1 Marlborough Way, Tunstall, Stoke-on-Trent, Staffs, GBR, ST6 5NZ
Churchill China PLC is a British pottery manufacturer. It is a manufacturer and distributor of tabletop products. Its customers include the pub, restaurant and hotel chains, sports and conference venues, health and education establishments and contract caterers. Its segments include Ceramics, the sale of ceramic tableware and complimentary items, and Materials, the sale of materials for the production of ceramics, to the tableware industry, majority of its revenue is generated from Ceramics segment. It operates in the UK, Rest of Europe, USA and Rest of the World.

Churchill China (STU:EQW) Headlines

No Headlines