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Vipshop Holdings (BSP:V1IP34) Cyclically Adjusted PB Ratio : 4.09 (As of Apr. 27, 2024)


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What is Vipshop Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Vipshop Holdings's current share price is R$40.52. Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$9.91. Vipshop Holdings's Cyclically Adjusted PB Ratio for today is 4.09.

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

BSP:V1IP34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 4.07   Max: 21.24
Current: 3.62

During the past years, Vipshop Holdings's highest Cyclically Adjusted PB Ratio was 21.24. The lowest was 2.08. And the median was 4.07.

BSP:V1IP34's Cyclically Adjusted PB Ratio is ranked worse than
82.71% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs BSP:V1IP34: 3.62

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.

Vipshop Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was R$233.853. 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 R$9.91 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vipshop Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vipshop 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.

* Premium members only.

Vipshop Holdings Cyclically Adjusted PB Ratio Chart

Vipshop Holdings 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 - 13.15 3.09 3.86 4.09

Vipshop Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.86 4.07 4.22 3.87 4.09

Competitive Comparison of Vipshop Holdings's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Vipshop 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.


Vipshop Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vipshop 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.

Vipshop Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.52/9.91
=4.09

* 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.

Vipshop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Vipshop Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=233.853/114.6694*114.6694
=233.853

Current CPI (Dec. 2023) = 114.6694.

Vipshop Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.642 98.600 6.562
201406 6.074 98.200 7.093
201409 7.193 98.900 8.340
201412 9.519 99.000 11.026
201503 13.092 99.900 15.028
201506 14.965 99.500 17.247
201509 20.009 100.500 22.830
201512 18.266 100.600 20.821
201603 19.759 102.200 22.170
201606 20.437 101.400 23.111
201609 20.945 102.400 23.455
201612 23.816 102.600 26.618
201703 25.047 103.200 27.831
201706 29.345 103.100 32.638
201709 31.324 104.100 34.504
201712 54.438 104.500 59.736
201803 59.668 105.300 64.977
201806 70.550 104.900 77.120
201809 74.340 106.600 79.967
201812 73.271 106.500 78.891
201903 78.783 107.700 83.881
201906 80.958 107.700 86.197
201909 88.496 109.800 92.421
201912 95.257 111.200 98.229
202003 117.344 112.300 119.820
202006 132.575 110.400 137.702
202009 151.692 111.700 155.725
202012 165.177 111.500 169.872
202103 193.117 112.662 196.559
202106 173.837 111.769 178.348
202109 186.402 112.215 190.478
202112 213.359 113.108 216.305
202203 195.207 114.335 195.778
202206 194.844 114.558 195.034
202209 200.362 115.339 199.199
202212 210.289 115.116 209.474
202303 216.842 115.116 216.001
202306 202.392 114.558 202.589
202309 210.969 115.339 209.745
202312 233.853 114.669 233.853

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.


Vipshop Holdings  (BSP:V1IP34) 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.


Vipshop Holdings Cyclically Adjusted PB Ratio Related Terms

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


Vipshop Holdings (BSP:V1IP34) Business Description

Traded in Other Exchanges
Address
128 Dingxin Road, Haizhu District, Guangdong, Guangzhou, CHN, 510220
Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Its operating segment includes Vip.com and Shan Shan Outlets. The company generates maximum revenue from Vip.com segment.

Vipshop Holdings (BSP:V1IP34) Headlines

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