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Sinon (TPE:1712) Cyclically Adjusted PB Ratio : 2.14 (As of Jun. 13, 2024)


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What is Sinon Cyclically Adjusted PB Ratio?

As of today (2024-06-13), Sinon's current share price is NT$42.85. Sinon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$20.00. Sinon's Cyclically Adjusted PB Ratio for today is 2.14.

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

TPE:1712' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.62   Max: 2.39
Current: 2.12

During the past years, Sinon's highest Cyclically Adjusted PB Ratio was 2.39. The lowest was 1.02. And the median was 1.62.

TPE:1712's Cyclically Adjusted PB Ratio is ranked worse than
64.29% of 196 companies
in the Agriculture industry
Industry Median: 1.515 vs TPE:1712: 2.12

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.

Sinon's adjusted book value per share data for the three months ended in Mar. 2024 was NT$18.285. 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$20.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinon Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sinon'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.

Sinon Cyclically Adjusted PB Ratio Chart

Sinon 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 1.16 1.30 1.59 1.92 1.95

Sinon 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 1.96 1.82 1.85 1.95 1.94

Competitive Comparison of Sinon's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, Sinon'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.


Sinon's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sinon 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.

Sinon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.85/20
=2.14

* 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.

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

For example, Sinon'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)
=18.285/131.7762*131.7762
=18.285

Current CPI (Mar. 2024) = 131.7762.

Sinon Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.969 100.560 19.616
201409 15.345 100.428 20.135
201412 15.601 99.070 20.751
201503 15.477 99.621 20.473
201506 14.852 100.684 19.438
201509 15.043 100.392 19.746
201512 15.336 99.792 20.251
201603 15.748 100.470 20.655
201606 15.506 101.688 20.094
201609 15.589 101.861 20.167
201612 16.105 101.863 20.834
201703 16.762 102.862 21.474
201706 15.643 103.349 19.946
201709 15.960 104.136 20.196
201712 15.995 104.011 20.265
201803 16.370 105.290 20.488
201806 16.082 106.317 19.933
201809 16.238 106.507 20.091
201812 16.650 105.998 20.699
201903 17.104 107.251 21.015
201906 16.236 108.070 19.798
201909 16.353 108.329 19.892
201912 16.717 108.420 20.318
202003 15.559 108.902 18.827
202006 16.322 108.767 19.775
202009 16.916 109.815 20.299
202012 16.788 109.897 20.130
202103 16.060 111.754 18.937
202106 16.597 114.631 19.079
202109 17.194 115.734 19.577
202112 17.724 117.630 19.856
202203 17.273 121.301 18.765
202206 18.150 125.017 19.131
202209 19.470 125.227 20.488
202212 20.451 125.222 21.521
202303 18.423 127.348 19.064
202306 19.050 128.729 19.501
202309 19.707 129.860 19.998
202312 20.222 129.419 20.590
202403 18.285 131.776 18.285

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.


Sinon  (TPE:1712) 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.


Sinon Cyclically Adjusted PB Ratio Related Terms

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


Sinon (TPE:1712) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245
Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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