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Beijing Bdstar Navigation Co (SZSE:002151) Cyclically Adjusted PB Ratio : 3.39 (As of May. 22, 2024)


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What is Beijing Bdstar Navigation Co Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Beijing Bdstar Navigation Co's current share price is ¥27.32. Beijing Bdstar Navigation Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥8.07. Beijing Bdstar Navigation Co's Cyclically Adjusted PB Ratio for today is 3.39.

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

SZSE:002151' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.93   Med: 6.37   Max: 19.54
Current: 3.45

During the past years, Beijing Bdstar Navigation Co's highest Cyclically Adjusted PB Ratio was 19.54. The lowest was 2.93. And the median was 6.37.

SZSE:002151's Cyclically Adjusted PB Ratio is ranked worse than
77.46% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs SZSE:002151: 3.45

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 Bdstar Navigation Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥10.213. 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 ¥8.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijing Bdstar Navigation Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Beijing Bdstar Navigation 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.

Beijing Bdstar Navigation Co Cyclically Adjusted PB Ratio Chart

Beijing Bdstar Navigation 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 4.90 8.83 6.07 3.91 4.01

Beijing Bdstar Navigation 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 4.35 4.69 4.01 4.01 3.96

Competitive Comparison of Beijing Bdstar Navigation Co's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Beijing Bdstar Navigation 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 Bdstar Navigation Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing Bdstar Navigation Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Beijing Bdstar Navigation 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 Bdstar Navigation Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.32/8.07
=3.39

* 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.

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

For example, Beijing Bdstar Navigation 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)
=10.213/115.2271*115.2271
=10.213

Current CPI (Mar. 2024) = 115.2271.

Beijing Bdstar Navigation Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.230 98.200 3.790
201409 3.277 98.900 3.818
201412 3.341 99.000 3.889
201503 3.262 99.900 3.762
201506 3.217 99.500 3.725
201509 5.847 100.500 6.704
201512 6.001 100.600 6.874
201603 5.976 102.200 6.738
201606 8.416 101.400 9.564
201609 8.495 102.400 9.559
201612 8.415 102.600 9.451
201703 8.400 103.200 9.379
201706 8.316 103.100 9.294
201709 8.411 104.100 9.310
201712 8.453 104.500 9.321
201803 8.431 105.300 9.226
201806 8.450 104.900 9.282
201809 8.552 106.600 9.244
201812 7.873 106.500 8.518
201903 7.851 107.700 8.400
201906 8.175 107.700 8.746
201909 7.973 109.800 8.367
201912 6.611 111.200 6.850
202003 6.661 112.300 6.835
202006 6.803 110.400 7.100
202009 8.486 111.700 8.754
202012 8.329 111.500 8.607
202103 8.387 112.662 8.578
202106 8.521 111.769 8.785
202109 8.522 112.215 8.751
202112 8.651 113.108 8.813
202203 8.759 114.335 8.827
202206 8.243 114.558 8.291
202209 8.358 115.339 8.350
202212 8.455 115.116 8.463
202303 8.511 115.116 8.519
202306 10.114 114.558 10.173
202309 9.484 115.339 9.475
202312 10.226 114.781 10.266
202403 10.213 115.227 10.213

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 Bdstar Navigation Co  (SZSE:002151) 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 Bdstar Navigation Co Cyclically Adjusted PB Ratio Related Terms

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


Beijing Bdstar Navigation Co (SZSE:002151) Business Description

Traded in Other Exchanges
N/A
Address
No.7, Fengxian east road, Yongfeng industrial base, Haidian District, Beijing, CHN, 100094
Beijing Bdstar Navigation Co Ltd operates in the satellite navigation industry. The company provides navigation and positioning products, solutions and services for users around the world. Its product line consists of fundamental products, automotive electronics, and specialized application. Bdstar's fundamental product line focuses on the development, application, and promotion of navigation positioning chips, modules, boards, antennas and MWDC components. Bdstar's automotive electronics include infotainment system, reconfigurable instrument cluster, display audio, and radios. In addition, the company also provides industry application and operational services.

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