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Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Cyclically Adjusted PB Ratio : 1.94 (As of May. 31, 2024)


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What is Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Guangzhou Hongmian Zhihui Science and Technology Innovation Co's current share price is ¥3.07. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥1.58. Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio for today is 1.94.

The historical rank and industry rank for Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:000523' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 2.63   Max: 12.33
Current: 1.96

During the past years, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's highest Cyclically Adjusted PB Ratio was 12.33. The lowest was 0.83. And the median was 2.63.

SZSE:000523's Cyclically Adjusted PB Ratio is ranked worse than
63.98% of 1313 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs SZSE:000523: 1.96

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.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥0.776. 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 ¥1.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Guangzhou Hongmian Zhihui Science and Technology Innovation 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.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted PB Ratio Chart

Guangzhou Hongmian Zhihui Science and Technology Innovation 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 2.98 1.70 1.76 2.17 1.94

Guangzhou Hongmian Zhihui Science and Technology Innovation 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 1.94 1.92 1.93 1.94 2.03

Competitive Comparison of Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Guangzhou Hongmian Zhihui Science and Technology Innovation 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.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio falls into.



Guangzhou Hongmian Zhihui Science and Technology Innovation 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.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.07/1.58
=1.94

* 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.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Guangzhou Hongmian Zhihui Science and Technology Innovation 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)
=0.776/115.2271*115.2271
=0.776

Current CPI (Mar. 2024) = 115.2271.

Guangzhou Hongmian Zhihui Science and Technology Innovation Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.963 98.200 2.303
201409 1.986 98.900 2.314
201412 1.995 99.000 2.322
201503 2.004 99.900 2.311
201506 2.004 99.500 2.321
201509 2.042 100.500 2.341
201512 2.043 100.600 2.340
201603 2.765 102.200 3.117
201606 2.759 101.400 3.135
201609 2.770 102.400 3.117
201612 2.843 102.600 3.193
201703 2.855 103.200 3.188
201706 2.854 103.100 3.190
201709 2.849 104.100 3.154
201712 2.920 104.500 3.220
201803 2.955 105.300 3.234
201806 2.997 104.900 3.292
201809 3.003 106.600 3.246
201812 3.223 106.500 3.487
201903 3.042 107.700 3.255
201906 3.103 107.700 3.320
201909 3.111 109.800 3.265
201912 2.431 111.200 2.519
202003 3.011 112.300 3.089
202006 2.839 110.400 2.963
202009 1.157 111.700 1.194
202012 -5.103 111.500 -5.274
202103 -4.173 112.662 -4.268
202106 -4.224 111.769 -4.355
202109 -4.302 112.215 -4.417
202112 0.645 113.108 0.657
202203 0.637 114.335 0.642
202206 0.624 114.558 0.628
202209 0.621 115.339 0.620
202212 0.718 115.116 0.719
202303 0.852 115.116 0.853
202306 0.844 114.558 0.849
202309 0.715 115.339 0.714
202312 0.763 114.781 0.766
202403 0.776 115.227 0.776

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.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co  (SZSE:000523) 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.


Guangzhou Hongmian Zhihui Science and Technology Innovation Co Cyclically Adjusted PB Ratio Related Terms

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Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Business Description

Traded in Other Exchanges
N/A
Address
No. 128 Huangpu Avenue East, Tianhe District, Guangzhou, Guangdong, CHN, 510660
Guangzhou Hongmian Zhihui Science and Technology Innovation Co Ltd formerly Lonkey Industrial Co Ltd is engaged in the manufacturing of detergents. The products of the company include washing powder, liquid detergent, soap, and daily cleaning materials.
Executives
Liao Jian Supervisors
Wang Zhi Gang Secretary Dong
Wang Ying Jie Executives
Chen Wen Executives
Chen Jian Bin Directors, executives
Cheng Zhi Bin Executives
Chen Tao Executives
Li Yun Supervisors
Fu Yong Guo Directors, executives
Chen Shu Xu Executives
He Wei Wen Supervisors

Guangzhou Hongmian Zhihui Science and Technology Innovation Co (SZSE:000523) Headlines

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