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Tsingtao Brewery Co (STU:TSI) Cyclically Adjusted PB Ratio : 4.37 (As of Jun. 01, 2025)


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What is Tsingtao Brewery Co Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Tsingtao Brewery Co's current share price is €6.16. Tsingtao Brewery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €1.41. Tsingtao Brewery Co's Cyclically Adjusted PB Ratio for today is 4.37.

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

STU:TSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.78   Med: 4.48   Max: 8.4
Current: 4.47

During the past years, Tsingtao Brewery Co's highest Cyclically Adjusted PB Ratio was 8.40. The lowest was 2.78. And the median was 4.48.

STU:TSI's Cyclically Adjusted PB Ratio is ranked worse than
77.07% of 157 companies
in the Beverages - Alcoholic industry
Industry Median: 1.84 vs STU:TSI: 4.47

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.

Tsingtao Brewery Co's adjusted book value per share data for the three months ended in Mar. 2025 was €2.878. 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 €1.41 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsingtao Brewery Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Cyclically Adjusted PB Ratio Chart

Tsingtao Brewery 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 7.73 7.20 7.29 4.82 4.95

Tsingtao Brewery 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 5.28 4.57 4.82 4.95 4.59

Competitive Comparison of Tsingtao Brewery Co's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.


Tsingtao Brewery Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Cyclically Adjusted PB Ratio falls into.


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Tsingtao Brewery 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.

Tsingtao Brewery Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.16/1.41
=4.37

* 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.

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

For example, Tsingtao Brewery 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)
=2.878/115.1156*115.1156
=2.878

Current CPI (Mar. 2025) = 115.1156.

Tsingtao Brewery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.698 99.500 1.964
201509 1.710 100.500 1.959
201512 1.734 100.600 1.984
201603 1.737 102.200 1.957
201606 1.699 101.400 1.929
201609 1.694 102.400 1.904
201612 1.654 102.600 1.856
201703 1.696 103.200 1.892
201706 1.645 103.100 1.837
201709 1.675 104.100 1.852
201712 1.626 104.500 1.791
201803 1.693 105.300 1.851
201806 1.752 104.900 1.923
201809 1.728 106.600 1.866
201812 1.699 106.500 1.836
201903 1.833 107.700 1.959
201906 1.800 107.700 1.924
201909 1.881 109.800 1.972
201912 1.821 111.200 1.885
202003 1.864 112.300 1.911
202006 1.866 110.400 1.946
202009 1.947 111.700 2.007
202012 1.900 111.500 1.962
202103 2.052 112.662 2.097
202106 2.100 111.769 2.163
202109 2.259 112.215 2.317
202112 2.343 113.108 2.385
202203 2.534 114.335 2.551
202206 2.537 114.558 2.549
202209 2.746 115.339 2.741
202212 2.530 115.116 2.530
202303 2.683 115.116 2.683
202306 2.509 114.558 2.521
202309 2.645 115.339 2.640
202312 2.584 114.781 2.592
202403 2.722 115.227 2.719
202406 2.665 114.781 2.673
202409 2.781 115.785 2.765
202412 2.794 114.893 2.799
202503 2.878 115.116 2.878

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.


Tsingtao Brewery Co  (STU:TSI) 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.


Tsingtao Brewery Co Cyclically Adjusted PB Ratio Related Terms

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


Tsingtao Brewery Co Business Description

Traded in Other Exchanges
Address
No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2023. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.

Tsingtao Brewery Co Headlines

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