Sichuan Golden Summit Group Co (SHSE:600678) Cyclically Adjusted PB Ratio : 17.50 (As of Apr. 27, 2024)

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What is Sichuan Golden Summit Group Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Sichuan Golden Summit Group Co's current share price is ¥5.60. Sichuan Golden Summit Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ¥0.32. Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio for today is 17.50.

The historical rank and industry rank for Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600678' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.53 Med: 29.28 Max: 665
Current: 17.46

During the past years, Sichuan Golden Summit Group Co's highest Cyclically Adjusted PB Ratio was 665.00. The lowest was 12.53. And the median was 29.28.

SHSE:600678's Cyclically Adjusted PB Ratio is ranked worse than
98.6% of 285 companies
in the Building Materials industry
Industry Median: 1.04 vs SHSE:600678: 17.46

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.

Sichuan Golden Summit Group Co's adjusted book value per share data for the three months ended in Sep. 2023 was ¥0.740. 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 ¥0.32 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Sichuan Golden Summit Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sichuan Golden Summit Group 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.

Sichuan Golden Summit Group Co Cyclically Adjusted PB Ratio Chart

Sichuan Golden Summit Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted PB Ratio

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451.63

21.38

Sichuan Golden Summit Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															20.18	21.38	19.73	17.66	17.33

Competitive Comparison of Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Sichuan Golden Summit Group 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.

Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio falls into.

Sichuan Golden Summit Group 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.

Sichuan Golden Summit Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	5.60	/	0.32
	=	17.50

Sichuan Golden Summit Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Sichuan Golden Summit Group Co's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2023 (Change)	*	Current CPI (Sep. 2023)
	=	0.74	/	115.3387	*	115.3387
	=	0.740

Current CPI (Sep. 2023) = 115.3387.

Sichuan Golden Summit Group Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201312	0.172	97.624	0.203
201403	0.175	98.600	0.205
201406	0.180	98.200	0.211
201409	0.122	98.900	0.142
201412	0.068	99.000	0.079
201503	0.039	99.900	0.045
201506	0.072	99.500	0.083
201509	0.060	100.500	0.069
201512	0.081	100.600	0.093
201603	0.056	102.200	0.063
201606	0.032	101.400	0.036
201609	0.017	102.400	0.019
201612	0.008	102.600	0.009
201703	-0.014	103.200	-0.016
201706	-0.011	103.100	-0.012
201709	0.001	104.100	0.001
201712	0.080	104.500	0.088
201803	0.099	105.300	0.108
201806	0.139	104.900	0.153
201809	0.189	106.600	0.204
201812	0.197	106.500	0.213
201903	0.210	107.700	0.225
201906	0.248	107.700	0.266
201909	0.297	109.800	0.312
201912	0.348	111.200	0.361
202003	0.355	112.300	0.365
202006	0.417	110.400	0.436
202009	0.450	111.700	0.465
202012	0.464	111.500	0.480
202103	0.532	112.662	0.545
202106	0.621	111.769	0.641
202109	0.661	112.215	0.679
202112	0.693	113.108	0.707
202203	0.724	114.335	0.730
202206	0.756	114.558	0.761
202209	0.738	115.339	0.738
202212	0.761	115.116	0.762
202303	0.754	115.116	0.755
202306	0.766	114.558	0.771
202309	0.740	115.339	0.740

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.

Sichuan Golden Summit Group Co (SHSE:600678) 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.

Sichuan Golden Summit Group Co Cyclically Adjusted PB Ratio Related Terms

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Sichuan Golden Summit Group Co (SHSE:600678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sichuan Golden Summit Group Co Ltd (SHSE:600678) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

N/A

Address

No.55, Xinnong Group, Ledu Town, Sichuan Province, Emeishan, CHN, 614000

Website

http://www.scjd.cn

Sichuan Golden Summit Group Co Ltd primarily engages in the manufacturing and distribution of concrete, ordinary Portland cement, slag Portland cement, and moderate heat Portland cement in China.

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