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Zhefu Holding Group Co (SZSE:002266) Cyclically Adjusted PB Ratio : 1.93 (As of Apr. 30, 2024)


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What is Zhefu Holding Group Co Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Zhefu Holding Group Co's current share price is ¥3.34. Zhefu Holding Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ¥1.73. Zhefu Holding Group Co's Cyclically Adjusted PB Ratio for today is 1.93.

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

SZSE:002266' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 3.41   Max: 6.79
Current: 1.93

During the past years, Zhefu Holding Group Co's highest Cyclically Adjusted PB Ratio was 6.79. The lowest was 1.70. And the median was 3.41.

SZSE:002266's Cyclically Adjusted PB Ratio is ranked worse than
54.3% of 2000 companies
in the Industrial Products industry
Industry Median: 1.765 vs SZSE:002266: 1.93

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.

Zhefu Holding Group Co's adjusted book value per share data for the three months ended in Sep. 2023 was ¥2.108. 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 ¥1.73 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhefu Holding Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhefu Holding Group 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.

Zhefu Holding Group Co Cyclically Adjusted PB Ratio Chart

Zhefu Holding Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.93 3.12 4.63 2.36

Zhefu Holding Group Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.39 2.36 2.41 2.43 2.25

Competitive Comparison of Zhefu Holding Group Co's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Zhefu Holding Group 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.


Zhefu Holding Group Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhefu Holding Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Zhefu Holding Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.34/1.73
=1.93

* 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.

Zhefu Holding Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Zhefu Holding Group Co's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.108/115.3387*115.3387
=2.108

Current CPI (Sep. 2023) = 115.3387.

Zhefu Holding Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.210 97.624 1.430
201403 1.214 98.600 1.420
201406 1.244 98.200 1.461
201409 1.449 98.900 1.690
201412 1.445 99.000 1.683
201503 1.448 99.900 1.672
201506 1.446 99.500 1.676
201509 1.456 100.500 1.671
201512 1.467 100.600 1.682
201603 1.470 102.200 1.659
201606 1.476 101.400 1.679
201609 1.483 102.400 1.670
201612 1.487 102.600 1.672
201703 1.499 103.200 1.675
201706 1.504 103.100 1.683
201709 1.519 104.100 1.683
201712 1.556 104.500 1.717
201803 1.568 105.300 1.717
201806 1.603 104.900 1.763
201809 1.646 106.600 1.781
201812 1.651 106.500 1.788
201903 1.651 107.700 1.768
201906 1.663 107.700 1.781
201909 1.689 109.800 1.774
201912 2.854 111.200 2.960
202003 0.637 112.300 0.654
202006 1.279 110.400 1.336
202009 1.337 111.700 1.381
202012 1.434 111.500 1.483
202103 1.536 112.662 1.573
202106 1.621 111.769 1.673
202109 1.729 112.215 1.777
202112 1.804 113.108 1.840
202203 1.872 114.335 1.888
202206 1.839 114.558 1.852
202209 1.911 115.339 1.911
202212 1.977 115.116 1.981
202303 2.195 115.116 2.199
202306 2.231 114.558 2.246
202309 2.108 115.339 2.108

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.


Zhefu Holding Group Co  (SZSE:002266) 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.


Zhefu Holding Group Co Cyclically Adjusted PB Ratio Related Terms

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Zhefu Holding Group Co (SZSE:002266) Business Description

Traded in Other Exchanges
N/A
Address
No. 177 Yingchun South Road, 25th Floor, Zhefu Building, County Town, Zhejiang Province, Tonglu, CHN, 311501
Zhefu Holding Group Co Ltd is a China-based company engaged in the research, development, manufacture, and sale of large and medium-sized turbine-generators in China. Its products cover a variety of types and capacity including all sizes of conventional turbine generator units, tidal power generation units and pumped storage generating units. The company is also involved in the other business areas of hydropower, nuclear power, oil and gas, microfinance, among others.

Zhefu Holding Group Co (SZSE:002266) Headlines

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