China Fortune Investments (Holding) (STU:NLY5) Cyclically Adjusted PB Ratio : (As of Sep. 21, 2024)

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What is China Fortune Investments (Holding) Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

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China Fortune Investments (Holding) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Fortune Investments (Holding)'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.

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China Fortune Investments (Holding) Cyclically Adjusted PB Ratio Chart

China Fortune Investments (Holding) Annual Data

Trend

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Cyclically Adjusted PB Ratio

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China Fortune Investments (Holding) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
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Competitive Comparison of China Fortune Investments (Holding)'s Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, China Fortune Investments (Holding)'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.

China Fortune Investments (Holding)'s Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Fortune Investments (Holding)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Fortune Investments (Holding)'s Cyclically Adjusted PB Ratio falls into.

China Fortune Investments (Holding) 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.

China Fortune Investments (Holding)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2021 is calculated as:

For example, China Fortune Investments (Holding)'s adjusted Book Value per Share data for the three months ended in Jun. 2021 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun. 2021 (Change)	*	Current CPI (Jun. 2021)
	=	0.005	/	111.3595	*	111.3595
	=	0.005

Current CPI (Jun. 2021) = 111.3595.

China Fortune Investments (Holding) Quarterly Data

	Book Value per Share	CPI	Adj_Book
201109	0.000	84.646	0.000
201112	0.162	87.944	0.205
201203	0.000	88.934	0.000
201206	0.162	89.373	0.202
201209	0.000	87.834	0.000
201212	0.028	91.132	0.034
201303	0.000	92.122	0.000
201306	0.047	93.001	0.056
201309	0.000	91.902	0.000
201312	0.020	95.090	0.023
201403	0.000	95.749	0.000
201406	0.035	96.409	0.040
201409	0.000	97.948	0.000
201412	0.035	99.707	0.039
201503	0.000	99.927	0.000
201506	0.030	99.267	0.034
201509	0.000	99.927	0.000
201512	0.011	102.015	0.012
201603	0.000	102.785	0.000
201606	0.012	101.686	0.013
201609	0.000	102.565	0.000
201612	0.010	103.225	0.011
201703	0.000	103.335	0.000
201706	0.013	103.664	0.014
201709	0.000	103.994	0.000
201712	0.014	104.984	0.015
201803	0.000	105.973	0.000
201806	0.015	106.193	0.016
201809	0.000	106.852	0.000
201812	0.002	107.622	0.002
201903	0.000	108.172	0.000
201906	0.001	109.601	0.001
201909	0.000	110.260	0.000
201912	-0.003	110.700	-0.003
202003	0.000	110.920	0.000
202006	-0.003	110.590	-0.003
202009	0.000	107.512	0.000
202012	0.005	109.711	0.005
202103	0.000	111.579	0.000
202106	0.005	111.360	0.005

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.

China Fortune Investments (Holding) (STU:NLY5) 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.

China Fortune Investments (Holding) Cyclically Adjusted PB Ratio Related Terms

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China Fortune Investments (Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.cfihk.com.hk

China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

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