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Sichuan Etrol Technologies Co (SZSE:300370) Cyclically Adjusted PB Ratio : 2.32 (As of May. 25, 2024)


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What is Sichuan Etrol Technologies Co Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Sichuan Etrol Technologies Co's current share price is ¥1.79. Sichuan Etrol Technologies Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥0.77. Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio for today is 2.32.

The historical rank and industry rank for Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:300370' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.35   Max: 5.79
Current: 2.52

During the past years, Sichuan Etrol Technologies Co's highest Cyclically Adjusted PB Ratio was 5.79. The lowest was 1.78. And the median was 3.35.

SZSE:300370's Cyclically Adjusted PB Ratio is ranked worse than
66.33% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs SZSE:300370: 2.52

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.

Sichuan Etrol Technologies Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥0.382. 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 ¥0.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sichuan Etrol Technologies Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sichuan Etrol Technologies 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.

Sichuan Etrol Technologies Co Cyclically Adjusted PB Ratio Chart

Sichuan Etrol Technologies 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 4.79 3.37 2.79 3.23 3.24

Sichuan Etrol Technologies 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 3.40 3.68 3.86 3.24 2.86

Competitive Comparison of Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Sichuan Etrol Technologies 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.


Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio falls into.



Sichuan Etrol Technologies 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.

Sichuan Etrol Technologies Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.79/0.77
=2.32

* 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.

Sichuan Etrol Technologies Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sichuan Etrol Technologies 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)
=0.382/115.2271*115.2271
=0.382

Current CPI (Mar. 2024) = 115.2271.

Sichuan Etrol Technologies Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.472 98.200 0.554
201409 0.504 98.900 0.587
201412 0.561 99.000 0.653
201503 0.545 99.900 0.629
201506 0.531 99.500 0.615
201509 0.551 100.500 0.632
201512 0.951 100.600 1.089
201603 0.935 102.200 1.054
201606 0.923 101.400 1.049
201609 1.288 102.400 1.449
201612 1.327 102.600 1.490
201703 1.312 103.200 1.465
201706 1.306 103.100 1.460
201709 1.337 104.100 1.480
201712 1.462 104.500 1.612
201803 1.444 105.300 1.580
201806 1.401 104.900 1.539
201809 1.421 106.600 1.536
201812 0.883 106.500 0.955
201903 0.886 107.700 0.948
201906 0.895 107.700 0.958
201909 0.895 109.800 0.939
201912 0.863 111.200 0.894
202003 0.875 112.300 0.898
202006 0.771 110.400 0.805
202009 0.753 111.700 0.777
202012 0.465 111.500 0.481
202103 0.391 112.662 0.400
202106 0.313 111.769 0.323
202109 0.217 112.215 0.223
202112 -0.425 113.108 -0.433
202203 -0.495 114.335 -0.499
202206 -0.053 114.558 -0.053
202209 -0.082 115.339 -0.082
202212 0.515 115.116 0.515
202303 0.466 115.116 0.466
202306 0.453 114.558 0.456
202309 0.432 115.339 0.432
202312 0.393 114.781 0.395
202403 0.382 115.227 0.382

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.


Sichuan Etrol Technologies Co  (SZSE:300370) 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.


Sichuan Etrol Technologies Co Cyclically Adjusted PB Ratio Related Terms

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


Sichuan Etrol Technologies Co (SZSE:300370) Business Description

Traded in Other Exchanges
N/A
Address
Building 9, Jinrun Industrial Park, Xuzhou District, Sichuan Province, Yibin, CHN, 100095
Sichuan Etrol Technologies Co Ltd is a Chinese manufacturer of automation products. Its products include DCS, RTU, instruments, environment protection equipment, skid-mounted equipment and application software, and others. The company offers solutions to customers in various industries, covering Oil & Gas, Chemical Industry, Coal bed Methane (CBM), water and waste water, heating, city gas, power plant, environment protection, robot, intelligent building, smart granary, smart city, among others.
Executives
Zhong Xiao Kang Supervisors
Li Shi Qiang Supervisors
Zhang Lei Directors, executives
Li Chun Fu Directors, Directors, and Executives
Wang Wen Ming Director
Zhang Bin Executives
Yu Ling Director
Dong Ai Min Director
Zhuang Gui Lin Director
Wang Bin Executives
Zhuo Ming Director
Song Wei Hong Director
Nie Rong Xin Secretary Dong
Liu Xiao Liang Supervisors
Zhang Jian Ping Supervisors

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