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CSG Holding Co (SZSE:000012) Cyclically Adjusted PB Ratio : 1.72 (As of May. 20, 2024)


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What is CSG Holding Co Cyclically Adjusted PB Ratio?

As of today (2024-05-20), CSG Holding Co's current share price is ¥5.91. CSG Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.43. CSG Holding Co's Cyclically Adjusted PB Ratio for today is 1.72.

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

SZSE:000012' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.64   Max: 5.75
Current: 1.71

During the past years, CSG Holding Co's highest Cyclically Adjusted PB Ratio was 5.75. The lowest was 1.40. And the median was 2.64.

SZSE:000012's Cyclically Adjusted PB Ratio is ranked worse than
67.89% of 299 companies
in the Building Materials industry
Industry Median: 1.09 vs SZSE:000012: 1.71

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.

CSG Holding Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥4.681. 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 ¥3.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSG Holding Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CSG Holding 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.

CSG Holding Co Cyclically Adjusted PB Ratio Chart

CSG Holding Co 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 1.77 2.53 3.26 2.08 1.65

CSG Holding Co 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 2.06 1.81 1.68 1.65 1.60

Competitive Comparison of CSG Holding Co's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, CSG Holding 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.


CSG Holding Co's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CSG Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CSG Holding 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.

CSG Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.91/3.43
=1.72

* 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.

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

For example, CSG Holding Co'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)
=4.681/115.2271*115.2271
=4.681

Current CPI (Mar. 2024) = 115.2271.

CSG Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.656 98.200 3.117
201409 2.736 98.900 3.188
201412 2.765 99.000 3.218
201503 2.812 99.900 3.243
201506 2.490 99.500 2.884
201509 2.553 100.500 2.927
201512 2.532 100.600 2.900
201603 2.676 102.200 3.017
201606 2.556 101.400 2.905
201609 2.637 102.400 2.967
201612 2.587 102.600 2.905
201703 2.643 103.200 2.951
201706 2.677 103.100 2.992
201709 2.764 104.100 3.059
201712 2.692 104.500 2.968
201803 2.757 105.300 3.017
201806 2.797 104.900 3.072
201809 2.844 106.600 3.074
201812 2.890 106.500 3.127
201903 2.934 107.700 3.139
201906 3.010 107.700 3.220
201909 3.071 109.800 3.223
201912 3.055 111.200 3.166
202003 3.091 112.300 3.172
202006 3.150 110.400 3.288
202009 3.310 111.700 3.415
202012 3.326 111.500 3.437
202103 3.513 112.662 3.593
202106 3.666 111.769 3.779
202109 3.717 112.215 3.817
202112 3.721 113.108 3.791
202203 3.845 114.335 3.875
202206 3.848 114.558 3.870
202209 4.062 115.339 4.058
202212 4.186 115.116 4.190
202303 4.315 115.116 4.319
202306 4.479 114.558 4.505
202309 4.515 115.339 4.511
202312 4.576 114.781 4.594
202403 4.681 115.227 4.681

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.


CSG Holding Co  (SZSE:000012) 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.


CSG Holding Co Cyclically Adjusted PB Ratio Related Terms

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


CSG Holding Co (SZSE:000012) Business Description

Traded in Other Exchanges
Address
6th Industrial Road, CSG Building, Number 1, Shekou, Shenzhen, CHN, 518067
CSG Holding Co Ltd produces and sells glass products. The company's operating segment includes Flat glass; Solar energy; Electronic glass and displays and others. It generates maximum revenue from the Flat glass segment. The flat glass segment is engaged in production and sales of float glass and engineering glass and the silica for the production thereof. Its glass products include Float Glass; Ultra-clear Float Glass; Solar Patterned Low Iron Glass and AR Coating Solar Glass. Geographically, it derives revenue from Mainland China.

CSG Holding Co (SZSE:000012) Headlines

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