GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lian Hwa Foods Corp (TPE:1231) » Definitions » Cyclically Adjusted PB Ratio

Lian Hwa Foods (TPE:1231) Cyclically Adjusted PB Ratio : 5.79 (As of Jun. 09, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Lian Hwa Foods Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Lian Hwa Foods's current share price is NT$102.50. Lian Hwa Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$17.69. Lian Hwa Foods's Cyclically Adjusted PB Ratio for today is 5.79.

The historical rank and industry rank for Lian Hwa Foods's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:1231' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 4.19   Max: 5.79
Current: 5.79

During the past years, Lian Hwa Foods's highest Cyclically Adjusted PB Ratio was 5.79. The lowest was 2.11. And the median was 4.19.

TPE:1231's Cyclically Adjusted PB Ratio is ranked worse than
89.32% of 1358 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs TPE:1231: 5.79

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.

Lian Hwa Foods's adjusted book value per share data for the three months ended in Mar. 2024 was NT$24.549. 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 NT$17.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lian Hwa Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lian Hwa Foods'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.

Lian Hwa Foods Cyclically Adjusted PB Ratio Chart

Lian Hwa Foods 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 2.51 2.82 4.06 4.33 5.11

Lian Hwa Foods 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 5.05 5.18 5.21 5.11 5.49

Competitive Comparison of Lian Hwa Foods's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Lian Hwa Foods'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.


Lian Hwa Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lian Hwa Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lian Hwa Foods's Cyclically Adjusted PB Ratio falls into.



Lian Hwa Foods 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.

Lian Hwa Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=102.50/17.69
=5.79

* 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.

Lian Hwa Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lian Hwa Foods'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)
=24.549/131.7762*131.7762
=24.549

Current CPI (Mar. 2024) = 131.7762.

Lian Hwa Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.828 100.560 12.879
201409 10.058 100.428 13.198
201412 10.537 99.070 14.016
201503 10.926 99.621 14.453
201506 10.503 100.684 13.746
201509 11.000 100.392 14.439
201512 11.358 99.792 14.998
201603 11.850 100.470 15.542
201606 11.343 101.688 14.699
201609 11.783 101.861 15.244
201612 12.209 101.863 15.794
201703 12.451 102.862 15.951
201706 11.666 103.349 14.875
201709 12.218 104.136 15.461
201712 12.627 104.011 15.998
201803 13.205 105.290 16.527
201806 12.565 106.317 15.574
201809 13.205 106.507 16.338
201812 13.890 105.998 17.268
201903 14.358 107.251 17.641
201906 13.509 108.070 16.472
201909 13.897 108.329 16.905
201912 14.767 108.420 17.948
202003 15.155 108.902 18.338
202006 14.578 108.767 17.662
202009 15.393 109.815 18.471
202012 16.433 109.897 19.705
202103 17.188 111.754 20.267
202106 16.642 114.631 19.131
202109 17.451 115.734 19.870
202112 18.467 117.630 20.688
202203 19.398 121.301 21.073
202206 18.863 125.017 19.883
202209 19.789 125.227 20.824
202212 20.891 125.222 21.984
202303 21.839 127.348 22.598
202306 20.746 128.729 21.237
202309 21.447 129.860 21.764
202312 23.356 129.419 23.781
202403 24.549 131.776 24.549

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.


Lian Hwa Foods  (TPE:1231) 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.


Lian Hwa Foods Cyclically Adjusted PB Ratio Related Terms

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


Lian Hwa Foods (TPE:1231) Business Description

Traded in Other Exchanges
N/A
Address
No. 148, Dihua Street, Section 1, Taipei, TWN
Lian Hwa Foods Corp is engaged in manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. The Operating Segments are Snack Food Division and RTE (Ready-to-Eat) Foods Division, majorly the company earns revenue from domestic market.

Lian Hwa Foods (TPE:1231) Headlines

No Headlines