GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD.com Inc (NAS:JD) » Definitions » Cyclically Adjusted PB Ratio

JD (JD.com) Cyclically Adjusted PB Ratio : 2.43 (As of Jun. 22, 2025)


View and export this data going back to 2014. Start your Free Trial

What is JD.com Cyclically Adjusted PB Ratio?

As of today (2025-06-22), JD.com's current share price is $31.44. JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $12.93. JD.com's Cyclically Adjusted PB Ratio for today is 2.43.

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

JD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.07   Max: 6.97
Current: 2.43

During the past years, JD.com's highest Cyclically Adjusted PB Ratio was 6.97. The lowest was 1.98. And the median was 3.07.

JD's Cyclically Adjusted PB Ratio is ranked worse than
71.19% of 781 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs JD: 2.43

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.

JD.com's adjusted book value per share data for the three months ended in Mar. 2025 was $22.423. 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 $12.93 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD.com Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JD.com'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.

JD.com Cyclically Adjusted PB Ratio Chart

JD.com Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.09 2.63 2.78

JD.com Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.43 2.23 3.30 2.78 3.18

Competitive Comparison of JD.com's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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


;
;

JD.com 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.

JD.com's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.44/12.93
=2.43

* 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.

JD.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, JD.com's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=22.423/115.1156*115.1156
=22.423

Current CPI (Mar. 2025) = 115.1156.

JD.com Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.326 99.500 5.005
201509 4.221 100.500 4.835
201512 3.427 100.600 3.921
201603 3.176 102.200 3.577
201606 4.119 101.400 4.676
201609 3.722 102.400 4.184
201612 3.454 102.600 3.875
201703 3.640 103.200 4.060
201706 5.198 103.100 5.804
201709 5.505 104.100 6.088
201712 5.503 104.500 6.062
201803 6.011 105.300 6.571
201806 6.231 104.900 6.838
201809 6.448 106.600 6.963
201812 5.973 106.500 6.456
201903 6.858 107.700 7.330
201906 6.940 107.700 7.418
201909 7.307 109.800 7.661
201912 8.056 111.200 8.340
202003 8.206 112.300 8.412
202006 12.511 110.400 13.045
202009 14.263 111.700 14.699
202012 18.482 111.500 19.081
202103 18.588 112.662 18.993
202106 21.735 111.769 22.386
202109 21.471 112.215 22.026
202112 21.088 113.108 21.462
202203 20.839 114.335 20.981
202206 19.256 114.558 19.350
202209 19.307 115.339 19.270
202212 19.520 115.116 19.520
202303 19.594 115.116 19.594
202306 19.688 114.558 19.784
202309 20.037 115.339 19.998
202312 20.698 114.781 20.758
202403 20.180 115.227 20.160
202406 20.786 114.781 20.847
202409 22.289 115.785 22.160
202412 22.645 114.893 22.689
202503 22.423 115.116 22.423

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.


JD.com  (NAS:JD) 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.


JD.com Cyclically Adjusted PB Ratio Related Terms

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


JD.com Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.