Beijing Bewinner Communications Co (SZSE:002148) Cyclically Adjusted PB Ratio : 1.64 (As of Jun. 20, 2024)

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What is Beijing Bewinner Communications Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Beijing Bewinner Communications Co's current share price is ¥4.65. Beijing Bewinner Communications Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.84. Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio for today is 1.64.

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

SZSE:002148' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24 Med: 2.02 Max: 10.43
Current: 1.66

During the past years, Beijing Bewinner Communications Co's highest Cyclically Adjusted PB Ratio was 10.43. The lowest was 1.24. And the median was 2.02.

SZSE:002148's Cyclically Adjusted PB Ratio is ranked worse than
57.09% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.44 vs SZSE:002148: 1.66

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.

Beijing Bewinner Communications Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥2.164. 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 ¥2.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Beijing Bewinner Communications Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Beijing Bewinner Communications 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.

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Beijing Bewinner Communications Co Cyclically Adjusted PB Ratio Chart

Beijing Bewinner Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.74

1.48

1.83

1.74

2.09

Beijing Bewinner Communications 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															2.22	2.09	2.05	2.09	1.95

Competitive Comparison of Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Beijing Bewinner Communications 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.

Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio falls into.

Beijing Bewinner Communications 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.

Beijing Bewinner Communications Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	4.65	/	2.84
	=	1.64

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

For example, Beijing Bewinner Communications 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)
	=	2.164	/	115.2271	*	115.2271
	=	2.164

Current CPI (Mar. 2024) = 115.2271.

Beijing Bewinner Communications Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	3.996	98.200	4.689
201409	4.023	98.900	4.687
201412	4.014	99.000	4.672
201503	4.043	99.900	4.663
201506	3.993	99.500	4.624
201509	3.999	100.500	4.585
201512	3.949	100.600	4.523
201603	3.981	102.200	4.488
201606	4.039	101.400	4.590
201609	4.144	102.400	4.663
201612	4.266	102.600	4.791
201703	1.977	103.200	2.207
201706	2.015	103.100	2.252
201709	2.075	104.100	2.297
201712	2.117	104.500	2.334
201803	2.164	105.300	2.368
201806	2.111	104.900	2.319
201809	2.046	106.600	2.212
201812	2.032	106.500	2.199
201903	2.051	107.700	2.194
201906	2.035	107.700	2.177
201909	2.025	109.800	2.125
201912	1.959	111.200	2.030
202003	1.966	112.300	2.017
202006	1.973	110.400	2.059
202009	1.983	111.700	2.046
202012	1.986	111.500	2.052
202103	1.998	112.662	2.043
202106	2.042	111.769	2.105
202109	2.048	112.215	2.103
202112	2.063	113.108	2.102
202203	2.070	114.335	2.086
202206	2.125	114.558	2.137
202209	2.102	115.339	2.100
202212	2.131	115.116	2.133
202303	2.134	115.116	2.136
202306	2.147	114.558	2.160
202309	2.158	115.339	2.156
202312	2.179	114.781	2.187
202403	2.164	115.227	2.164

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.

Beijing Bewinner Communications Co (SZSE:002148) 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.

Beijing Bewinner Communications Co Cyclically Adjusted PB Ratio Related Terms

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Beijing Bewinner Communications Co (SZSE:002148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Beijing Bewinner Communications Co Ltd (SZSE:002148) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

No. 22 Shou Ti South Street, Guo Xing Tower, 5F, Haidian District, Beijing, Beijing, CHN, 100044

Website

http://www.bisp.com

Beijing Bewinner Communications Co Ltd operates as a mobile Internet service provider in China. The company offers mobile value-added services; virtual operator services; cloud communications services; SMS services; mobile Internet services to the aviation industry; and mobile game distribution, as well as lottery services, including lottery software.

Executives

Peng Wei	Director
Zhang Jun	Directors, executives
Liu Ning	Directors, executives
Huang Xiao	Secretary Dong
Fu Le Min	Directors, executives
Li Jin Tao	Independent director
Xu Jian Guo	Director

Beijing Bewinner Communications Co (SZSE:002148) Headlines

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