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Xinjiang Tianye Co (SHSE:600075) Cyclically Adjusted PB Ratio : 0.85 (As of May. 27, 2024)


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What is Xinjiang Tianye Co Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Xinjiang Tianye Co's current share price is ¥4.11. Xinjiang Tianye Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥4.86. Xinjiang Tianye Co's Cyclically Adjusted PB Ratio for today is 0.85.

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

SHSE:600075' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.73   Max: 3.93
Current: 0.85

During the past years, Xinjiang Tianye Co's highest Cyclically Adjusted PB Ratio was 3.93. The lowest was 0.75. And the median was 1.73.

SHSE:600075's Cyclically Adjusted PB Ratio is ranked better than
76.38% of 1105 companies
in the Chemicals industry
Industry Median: 1.66 vs SHSE:600075: 0.85

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.

Xinjiang Tianye Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥5.318. 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 ¥4.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xinjiang Tianye Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Xinjiang Tianye 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.

Xinjiang Tianye Co Cyclically Adjusted PB Ratio Chart

Xinjiang Tianye 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 1.33 1.44 1.97 1.21 0.90

Xinjiang Tianye 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 1.22 1.01 1.05 0.90 0.83

Competitive Comparison of Xinjiang Tianye Co's Cyclically Adjusted PB Ratio

For the Chemicals subindustry, Xinjiang Tianye 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.


Xinjiang Tianye Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xinjiang Tianye Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Xinjiang Tianye Co's Cyclically Adjusted PB Ratio falls into.



Xinjiang Tianye 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.

Xinjiang Tianye Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.11/4.86
=0.85

* 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.

Xinjiang Tianye Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Xinjiang Tianye Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.318/115.2271*115.2271
=5.318

Current CPI (Mar. 2024) = 115.2271.

Xinjiang Tianye Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.506 98.200 2.941
201409 2.525 98.900 2.942
201412 2.511 99.000 2.923
201503 2.550 99.900 2.941
201506 2.553 99.500 2.957
201509 2.546 100.500 2.919
201512 3.686 100.600 4.222
201603 2.136 102.200 2.408
201606 2.544 101.400 2.891
201609 3.921 102.400 4.412
201612 3.978 102.600 4.468
201703 4.140 103.200 4.622
201706 4.260 103.100 4.761
201709 4.433 104.100 4.907
201712 4.473 104.500 4.932
201803 4.624 105.300 5.060
201806 4.644 104.900 5.101
201809 4.736 106.600 5.119
201812 4.932 106.500 5.336
201903 4.960 107.700 5.307
201906 4.892 107.700 5.234
201909 4.895 109.800 5.137
201912 8.100 111.200 8.393
202003 3.500 112.300 3.591
202006 4.447 110.400 4.641
202009 4.496 111.700 4.638
202012 5.175 111.500 5.348
202103 5.390 112.662 5.513
202106 5.555 111.769 5.727
202109 5.693 112.215 5.846
202112 5.635 113.108 5.741
202203 5.790 114.335 5.835
202206 6.240 114.558 6.276
202209 6.318 115.339 6.312
202212 7.005 115.116 7.012
202303 6.203 115.116 6.209
202306 5.580 114.558 5.613
202309 5.467 115.339 5.462
202312 5.419 114.781 5.440
202403 5.318 115.227 5.318

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.


Xinjiang Tianye Co  (SHSE:600075) 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.


Xinjiang Tianye Co Cyclically Adjusted PB Ratio Related Terms

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


Xinjiang Tianye Co (SHSE:600075) Business Description

Traded in Other Exchanges
N/A
Address
No. 36 Beisan East Road, Economic Development Zone, Shihezi, Xinjiang, CHN, 832000
Xinjiang Tianye Co Ltd manufactures and sells chemical products in China and internationally. It offers various chemical products, such as ethylene glycol, butanediol, PVC resins, PVC paste resins, and caustic soda. The company also offers water savings products, including pressure compensating driplines, drip tapes with side flippers, agriculture unplasticized polyvinyl chloride (U-PVC) pipes, and PE hoses modified with nanomaterials.
Executives
Zhou Shu Lan Director
Zhang Qiang Director

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