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Chien Shing Harbour Service Co (TPE:8367) Cyclically Adjusted PB Ratio : 1.61 (As of May. 31, 2024)


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What is Chien Shing Harbour Service Co Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Chien Shing Harbour Service Co's current share price is NT$49.00. Chien Shing Harbour Service Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was NT$30.39. Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio for today is 1.61.

The historical rank and industry rank for Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:8367' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 1.45   Max: 1.68
Current: 1.58

During the past 11 years, Chien Shing Harbour Service Co's highest Cyclically Adjusted PB Ratio was 1.68. The lowest was 1.38. And the median was 1.45.

TPE:8367's Cyclically Adjusted PB Ratio is ranked worse than
60.98% of 715 companies
in the Transportation industry
Industry Median: 1.28 vs TPE:8367: 1.58

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.

Chien Shing Harbour Service Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was NT$34.843. 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$30.39 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chien Shing Harbour Service Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co Cyclically Adjusted PB Ratio Chart

Chien Shing Harbour Service 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 - - - 1.32 1.52

Chien Shing Harbour Service 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 - - - 1.52 -

Competitive Comparison of Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, Chien Shing Harbour Service 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.


Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio falls into.



Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.00/30.39
=1.61

* 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.

Chien Shing Harbour Service Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Chien Shing Harbour Service Co'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)
=34.843/129.4194*129.4194
=34.843

Current CPI (Dec23) = 129.4194.

Chien Shing Harbour Service Co Annual Data

Book Value per Share CPI Adj_Book
201412 18.879 99.070 24.663
201512 21.215 99.792 27.513
201612 22.455 101.863 28.530
201712 23.094 104.011 28.736
201812 23.681 105.998 28.914
201912 24.601 108.420 29.366
202012 26.375 109.897 31.060
202112 31.942 117.630 35.144
202212 34.018 125.222 35.158
202312 34.843 129.419 34.843

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.


Chien Shing Harbour Service Co  (TPE:8367) 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.


Chien Shing Harbour Service Co Cyclically Adjusted PB Ratio Related Terms

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


Chien Shing Harbour Service Co (TPE:8367) Business Description

Traded in Other Exchanges
N/A
Address
No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435
Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

Chien Shing Harbour Service Co (TPE:8367) Headlines

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