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Offcn Education Technology Co (SZSE:002607) Cyclically Adjusted PB Ratio : 2.11 (As of May. 01, 2024)


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What is Offcn Education Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Offcn Education Technology Co's current share price is ¥2.66. Offcn Education Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ¥1.26. Offcn Education Technology Co's Cyclically Adjusted PB Ratio for today is 2.11.

The historical rank and industry rank for Offcn Education Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:002607' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.01   Med: 5.27   Max: 27.45
Current: 2.13

During the past years, Offcn Education Technology Co's highest Cyclically Adjusted PB Ratio was 27.45. The lowest was 2.01. And the median was 5.27.

SZSE:002607's Cyclically Adjusted PB Ratio is ranked worse than
68.5% of 127 companies
in the Education industry
Industry Median: 1.28 vs SZSE:002607: 2.13

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.

Offcn Education Technology Co's adjusted book value per share data for the three months ended in Sep. 2023 was ¥0.166. 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 ¥1.26 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Offcn Education Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Offcn Education Technology 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.

Offcn Education Technology Co Cyclically Adjusted PB Ratio Chart

Offcn Education Technology 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 - 11.20 22.90 5.30 3.38

Offcn Education Technology 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 2.88 3.38 3.68 3.65 2.97

Competitive Comparison of Offcn Education Technology Co's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Offcn Education Technology 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.


Offcn Education Technology Co's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Offcn Education Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Offcn Education Technology Co's Cyclically Adjusted PB Ratio falls into.



Offcn Education Technology 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.

Offcn Education Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.66/1.26
=2.11

* 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.

Offcn Education Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Offcn Education Technology 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)
=0.166/115.3387*115.3387
=0.166

Current CPI (Sep. 2023) = 115.3387.

Offcn Education Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.358 97.624 1.604
201403 1.386 98.600 1.621
201406 1.374 98.200 1.614
201409 1.349 98.900 1.573
201412 1.255 99.000 1.462
201503 1.244 99.900 1.436
201506 1.259 99.500 1.459
201509 1.262 100.500 1.448
201512 1.279 100.600 1.466
201603 1.017 102.200 1.148
201606 2.229 101.400 2.535
201609 2.255 102.400 2.540
201612 2.269 102.600 2.551
201703 2.299 103.200 2.569
201706 2.293 103.100 2.565
201709 2.308 104.100 2.557
201712 1.219 104.500 1.345
201803 2.343 105.300 2.566
201806 2.377 104.900 2.614
201809 2.360 106.600 2.553
201812 3.640 106.500 3.942
201903 0.498 107.700 0.533
201906 0.333 107.700 0.357
201909 0.411 109.800 0.432
201912 0.556 111.200 0.577
202003 0.337 112.300 0.346
202006 0.283 110.400 0.296
202009 0.535 111.700 0.552
202012 0.693 111.500 0.717
202103 0.716 112.662 0.733
202106 0.677 111.769 0.699
202109 0.549 112.215 0.564
202112 0.306 113.108 0.312
202203 0.231 114.335 0.233
202206 0.162 114.558 0.163
202209 0.173 115.339 0.173
202212 0.126 115.116 0.126
202303 0.130 115.116 0.130
202306 0.140 114.558 0.141
202309 0.166 115.339 0.166

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.


Offcn Education Technology Co  (SZSE:002607) 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.


Offcn Education Technology Co Cyclically Adjusted PB Ratio Related Terms

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


Offcn Education Technology Co (SZSE:002607) Business Description

Traded in Other Exchanges
N/A
Address
No.23 Xueqing Road, Block B, Hanhua Century Building, Haidian District, Beijing, CHN, 100089
Offcn Education Technology Co Ltd is China's multi-category vocational education institution and civil servant entrance examination training company. The company serves the younger demographic including college students and university graduates throughout mainland China.

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