GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Quam Plus International Financial Ltd (HKSE:00952) » Definitions » Cyclically Adjusted PB Ratio

Quam Plus International Financial (HKSE:00952) Cyclically Adjusted PB Ratio : 0.40 (As of Apr. 27, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Quam Plus International Financial Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Quam Plus International Financial's current share price is HK$0.23. Quam Plus International Financial's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was HK$0.58. Quam Plus International Financial's Cyclically Adjusted PB Ratio for today is 0.40.

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

HKSE:00952' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.68   Max: 4.11
Current: 0.39

During the past 13 years, Quam Plus International Financial's highest Cyclically Adjusted PB Ratio was 4.11. The lowest was 0.23. And the median was 0.68.

HKSE:00952's Cyclically Adjusted PB Ratio is ranked better than
81.34% of 461 companies
in the Capital Markets industry
Industry Median: 1.12 vs HKSE:00952: 0.39

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.

Quam Plus International Financial's adjusted book value per share data of for the fiscal year that ended in Dec22 was HK$0.325. 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 HK$0.58 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quam Plus International Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Quam Plus International Financial'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.

Quam Plus International Financial Cyclically Adjusted PB Ratio Chart

Quam Plus International Financial Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.35 0.33 0.32 -

Quam Plus International Financial Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.33 - 0.32 - -

Competitive Comparison of Quam Plus International Financial's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Quam Plus International Financial'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.


Quam Plus International Financial's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Quam Plus International Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Quam Plus International Financial's Cyclically Adjusted PB Ratio falls into.



Quam Plus International Financial 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.

Quam Plus International Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.23/0.58
=0.40

* 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.

Quam Plus International Financial's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Quam Plus International Financial's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.325/114.5475*114.5475
=0.325

Current CPI (Dec22) = 114.5475.

Quam Plus International Financial Annual Data

Book Value per Share CPI Adj_Book
201303 0.298 92.122 0.371
201403 0.315 95.749 0.377
201503 0.347 99.927 0.398
201603 0.394 102.785 0.439
201703 0.357 103.335 0.396
201812 0.935 107.622 0.995
201912 0.933 110.700 0.965
202012 0.951 109.711 0.993
202112 0.580 112.349 0.591
202212 0.325 114.548 0.325

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.


Quam Plus International Financial  (HKSE:00952) 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.


Quam Plus International Financial Cyclically Adjusted PB Ratio Related Terms

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


Quam Plus International Financial (HKSE:00952) Business Description

Traded in Other Exchanges
N/A
Address
29 Queen’s Road Central, 18th and 19th Floor, China Building, Hong Kong, HKG
Quam Plus International Financial Ltd Formerly China Tonghai International Financial Ltd is an investment holding company. Its activities include corporate finance advisory and general advisory services; fund management, discretionary portfolio management and portfolio management advisory services; discretionary and non-discretionary dealing services for securities, futures and options, securities placing and underwriting services, margin financing, insurance broking and wealth management services; money lending services; financial media services; and investing and trading of various investment products. Its segments include corporate finance; asset management; brokerage; interest income; investments; and others segment.

Quam Plus International Financial (HKSE:00952) Headlines

No Headlines