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Tianjin Printronics Circuit (SZSE:002134) Cyclically Adjusted PB Ratio : 9.94 (As of May. 09, 2025)


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What is Tianjin Printronics Circuit Cyclically Adjusted PB Ratio?

As of today (2025-05-09), Tianjin Printronics Circuit's current share price is ¥18.78. Tianjin Printronics Circuit's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ¥1.89. Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio for today is 9.94.

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

SZSE:002134' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 4.08   Max: 12.29
Current: 9.35

During the past years, Tianjin Printronics Circuit's highest Cyclically Adjusted PB Ratio was 12.29. The lowest was 1.98. And the median was 4.08.

SZSE:002134's Cyclically Adjusted PB Ratio is ranked worse than
92.02% of 702 companies
in the Semiconductors industry
Industry Median: 1.955 vs SZSE:002134: 9.35

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.

Tianjin Printronics Circuit's adjusted book value per share data for the three months ended in Mar. 2025 was ¥1.964. 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 ¥1.89 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tianjin Printronics Circuit Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tianjin Printronics Circuit'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.

Tianjin Printronics Circuit Cyclically Adjusted PB Ratio Chart

Tianjin Printronics Circuit 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 3.62 4.47 3.90 5.54 10.08

Tianjin Printronics Circuit 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 4.31 4.81 4.82 10.08 10.46

Competitive Comparison of Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Tianjin Printronics Circuit'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.


Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio falls into.


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Tianjin Printronics Circuit 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.

Tianjin Printronics Circuit's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.78/1.89
=9.94

* 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.

Tianjin Printronics Circuit's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tianjin Printronics Circuit'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)
=1.964/115.1156*115.1156
=1.964

Current CPI (Mar. 2025) = 115.1156.

Tianjin Printronics Circuit Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.243 99.500 2.595
201509 2.209 100.500 2.530
201512 2.125 100.600 2.432
201603 2.059 102.200 2.319
201606 2.009 101.400 2.281
201609 1.946 102.400 2.188
201612 1.723 102.600 1.933
201703 1.704 103.200 1.901
201706 1.695 103.100 1.893
201709 1.719 104.100 1.901
201712 1.781 104.500 1.962
201803 1.761 105.300 1.925
201806 1.745 104.900 1.915
201809 1.727 106.600 1.865
201812 1.541 106.500 1.666
201903 1.541 107.700 1.647
201906 1.563 107.700 1.671
201909 1.565 109.800 1.641
201912 1.593 111.200 1.649
202003 1.597 112.300 1.637
202006 1.635 110.400 1.705
202009 1.668 111.700 1.719
202012 1.620 111.500 1.673
202103 1.625 112.662 1.660
202106 1.653 111.769 1.702
202109 1.693 112.215 1.737
202112 1.733 113.108 1.764
202203 1.746 114.335 1.758
202206 1.771 114.558 1.780
202209 1.803 115.339 1.800
202212 1.799 115.116 1.799
202303 1.827 115.116 1.827
202306 1.865 114.558 1.874
202309 1.831 115.339 1.827
202312 1.836 114.781 1.841
202403 1.877 115.227 1.875
202406 1.891 114.781 1.897
202409 1.937 115.785 1.926
202412 1.956 114.893 1.960
202503 1.964 115.116 1.964

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.


Tianjin Printronics Circuit  (SZSE:002134) 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.


Tianjin Printronics Circuit Cyclically Adjusted PB Ratio Related Terms

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


Tianjin Printronics Circuit Business Description

Traded in Other Exchanges
N/A
Address
No. 53 Hanghai Road, Tianjin Port Logistics Center, Tianjin Airport Free Trade Zone, Tianjin, CHN, 300308
Tianjin Printronics Circuit Corp is engaged in the manufacturing traditional rigid printed circuit boards and HDI printed circuit boards for mobile phones and developing communication back plate. The products are applied in different fields which include industrial automation control, telecommunication, aviation and aerospace, and instrument and meters, and consumer electronics. The products of the company include rigid flex board, step board, black solder mask multi-layer board, and, normal board.
Executives
Lin Xiao Hua Secretary Dong

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