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Zhejiang Giuseppe Garment Co (SZSE:002687) Cyclically Adjusted PB Ratio : 1.96 (As of May. 23, 2024)


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What is Zhejiang Giuseppe Garment Co Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Zhejiang Giuseppe Garment Co's current share price is ¥4.60. Zhejiang Giuseppe Garment Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.35. Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio for today is 1.96.

The historical rank and industry rank for Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:002687' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 2.09   Max: 3.52
Current: 2.02

During the past years, Zhejiang Giuseppe Garment Co's highest Cyclically Adjusted PB Ratio was 3.52. The lowest was 1.81. And the median was 2.09.

SZSE:002687's Cyclically Adjusted PB Ratio is ranked worse than
70.86% of 683 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.03 vs SZSE:002687: 2.02

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.

Zhejiang Giuseppe Garment Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥2.987. 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 ¥2.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhejiang Giuseppe Garment Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhejiang Giuseppe Garment 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.

Zhejiang Giuseppe Garment Co Cyclically Adjusted PB Ratio Chart

Zhejiang Giuseppe Garment 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 - 2.15 2.27 2.13 2.28

Zhejiang Giuseppe Garment 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 2.06 2.09 2.20 2.28 2.53

Competitive Comparison of Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Zhejiang Giuseppe Garment 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.


Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio falls into.



Zhejiang Giuseppe Garment 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.

Zhejiang Giuseppe Garment Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.60/2.35
=1.96

* 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.

Zhejiang Giuseppe Garment Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zhejiang Giuseppe Garment 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)
=2.987/115.2271*115.2271
=2.987

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Giuseppe Garment Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.836 98.200 2.154
201409 1.859 98.900 2.166
201412 1.920 99.000 2.235
201503 1.937 99.900 2.234
201506 1.850 99.500 2.142
201509 1.861 100.500 2.134
201512 1.901 100.600 2.177
201603 1.920 102.200 2.165
201606 1.871 101.400 2.126
201609 1.884 102.400 2.120
201612 1.920 102.600 2.156
201703 1.937 103.200 2.163
201706 1.887 103.100 2.109
201709 1.907 104.100 2.111
201712 1.950 104.500 2.150
201803 1.972 105.300 2.158
201806 1.926 104.900 2.116
201809 1.961 106.600 2.120
201812 2.065 106.500 2.234
201903 2.116 107.700 2.264
201906 2.034 107.700 2.176
201909 2.081 109.800 2.184
201912 2.207 111.200 2.287
202003 2.234 112.300 2.292
202006 2.280 110.400 2.380
202009 2.343 111.700 2.417
202012 2.488 111.500 2.571
202103 2.342 112.662 2.395
202106 2.244 111.769 2.313
202109 2.349 112.215 2.412
202112 2.532 113.108 2.579
202203 2.570 114.335 2.590
202206 2.520 114.558 2.535
202209 2.583 115.339 2.581
202212 2.645 115.116 2.648
202303 2.707 115.116 2.710
202306 2.655 114.558 2.671
202309 2.828 115.339 2.825
202312 3.032 114.781 3.044
202403 2.987 115.227 2.987

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.


Zhejiang Giuseppe Garment Co  (SZSE:002687) 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.


Zhejiang Giuseppe Garment Co Cyclically Adjusted PB Ratio Related Terms

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


Zhejiang Giuseppe Garment Co (SZSE:002687) Business Description

Traded in Other Exchanges
N/A
Address
No. 588, Pingrui Road, Pingyang County, Zhejiang Province, Kunyang Town, CHN, 325400
Zhejiang Giuseppe Garment Co Ltd is engaged in Production and sales of professional wear, men's wear and casual wear under the George White brand.

Zhejiang Giuseppe Garment Co (SZSE:002687) Headlines

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