WESC (W&E Source) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is W&E Source Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


W&E Source  (OTCPK:WESC) 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.


W&E Source Cyclically Adjusted PB Ratio Related Terms


W&E Source Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for W&E Source'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.

W&E Source Cyclically Adjusted PB Ratio Chart

W&E Source Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

W&E Source Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.00 0.00 0.00 0.00 0.00

WESC vs NNAX, LQLY, BKNG: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, W&E Source'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.


W&E Source Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, W&E Source's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W&E Source's Cyclically Adjusted PB Ratio falls into.



W&E Source 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.

W&E Source's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, W&E Source's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book=Book Value per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.001/301.8360*301.8360
=-0.001

Current CPI (Mar. 2023) = 301.8360.

W&E Source Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.001 233.504 0.001
201309 0.000 234.149 0.000
201312 -0.002 233.049 -0.003
201403 -0.002 236.293 -0.003
201406 -0.003 238.343 -0.004
201409 -0.003 238.031 -0.004
201412 0.000 234.812 0.000
201503 -0.001 236.119 -0.001
201506 -0.001 238.638 -0.001
201509 -0.001 237.945 -0.001
201512 -0.001 236.525 -0.001
201603 -0.001 238.132 -0.001
201606 -0.002 241.018 -0.003
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 -0.001 244.955 -0.001
201709 -0.001 246.819 -0.001
201712 -0.001 246.524 -0.001
201803 -0.001 249.554 -0.001
201806 -0.001 251.989 -0.001
201809 -0.001 252.439 -0.001
201812 -0.001 251.233 -0.001
201903 -0.002 254.202 -0.002
201906 -0.002 256.143 -0.002
201909 -0.002 256.759 -0.002
201912 -0.002 256.974 -0.002
202003 -0.002 258.115 -0.002
202006 -0.002 257.797 -0.002
202009 -0.003 260.280 -0.003
202012 0.000 260.474 0.000
202103 0.000 264.877 0.000
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.000 278.802 0.000
202203 0.000 287.504 0.000
202206 -0.001 296.311 -0.001
202209 -0.001 296.808 -0.001
202212 -0.001 296.797 -0.001
202303 -0.001 301.836 -0.001

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.


W&E Source Business Description

Address 113 Barksdale Professional Center, Newark, DE, USA, 19711
W&E Source Corp provides air ticket reservations, hotel reservations, and other travel-related services. It is engaged in services, such as airline and cruise ticketing, customized and packaged tours, travel blogs, travel magazines, sales of travel-related merchandise, group hotel reservations, business travel arrangements, conference travel arrangements, car rental, and admission ticket sale for local tourist attractions. The company earns revenue from providing travel consulting and travel arrangement advisory services and service revenue from travel schedule arrangements and advisory.