Tao Heung Holdings (Tao Heung Holdings) Cyclically Adjusted PB Ratio : (As of Jun. 20, 2024)

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What is Tao Heung Holdings Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

Tao Heung Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tao Heung Holdings'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.

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Tao Heung Holdings Cyclically Adjusted PB Ratio Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.72

0.46

0.51

0.52

0.44

Tao Heung Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.51	-	0.52	-	0.44

Competitive Comparison of Tao Heung Holdings's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Tao Heung Holdings'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.

Tao Heung Holdings's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tao Heung Holdings's Cyclically Adjusted PB Ratio falls into.

Tao Heung Holdings 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.

Tao Heung Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Tao Heung Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	4.669	/	117.2957	*	117.2957
	=	4.669

Current CPI (Dec23) = 117.2957.

Tao Heung Holdings Annual Data

	Book Value per Share	CPI	Adj_Book
201412	0.226	99.707	0.266
201512	0.225	102.015	0.259
201612	0.222	103.225	0.252
201712	0.220	104.984	0.246
201812	6.292	107.622	6.858
201912	6.069	110.700	6.431
202012	5.985	109.711	6.399
202112	5.785	112.349	6.040
202212	4.640	114.548	4.751
202312	4.669	117.296	4.669

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.

Tao Heung Holdings (OTCPK:TAOHY) 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.

Tao Heung Holdings Cyclically Adjusted PB Ratio Related Terms

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Tao Heung Holdings (Tao Heung Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (OTCPK:TAOHY) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

00573:Hong Kong BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

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