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China Aerospace Times Electronic Co (SHSE:600879) Cyclically Adjusted PB Ratio : 1.81 (As of Apr. 27, 2024)


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What is China Aerospace Times Electronic Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), China Aerospace Times Electronic Co's current share price is ¥7.99. China Aerospace Times Electronic Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ¥4.42. China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio for today is 1.81.

The historical rank and industry rank for China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600879' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.37   Max: 6.35
Current: 1.65

During the past years, China Aerospace Times Electronic Co's highest Cyclically Adjusted PB Ratio was 6.35. The lowest was 1.36. And the median was 2.37.

SHSE:600879's Cyclically Adjusted PB Ratio is ranked better than
59.2% of 201 companies
in the Aerospace & Defense industry
Industry Median: 2.47 vs SHSE:600879: 1.65

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.

China Aerospace Times Electronic Co's adjusted book value per share data for the three months ended in Dec. 2023 was ¥6.141. 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 ¥4.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Aerospace Times Electronic Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Aerospace Times Electronic 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.

China Aerospace Times Electronic Co Cyclically Adjusted PB Ratio Chart

China Aerospace Times Electronic 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 1.85 2.16 2.19 1.66 1.74

China Aerospace Times Electronic Co 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 1.66 1.86 2.00 1.72 1.74

Competitive Comparison of China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, China Aerospace Times Electronic 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.


China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio falls into.



China Aerospace Times Electronic 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.

China Aerospace Times Electronic Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.99/4.42
=1.81

* 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.

China Aerospace Times Electronic Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, China Aerospace Times Electronic Co'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)
=6.141/114.6694*114.6694
=6.141

Current CPI (Dec. 2023) = 114.6694.

China Aerospace Times Electronic Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.401 98.600 2.792
201406 2.424 98.200 2.831
201409 2.440 98.900 2.829
201412 2.509 99.000 2.906
201503 2.527 99.900 2.901
201506 2.554 99.500 2.943
201509 2.577 100.500 2.940
201512 3.553 100.600 4.050
201603 2.665 102.200 2.990
201606 2.649 101.400 2.996
201609 3.515 102.400 3.936
201612 3.525 102.600 3.940
201703 4.025 103.200 4.472
201706 4.071 103.100 4.528
201709 4.112 104.100 4.529
201712 4.189 104.500 4.597
201803 4.232 105.300 4.609
201806 4.280 104.900 4.679
201809 4.325 106.600 4.652
201812 4.374 106.500 4.710
201903 4.403 107.700 4.688
201906 4.461 107.700 4.750
201909 4.506 109.800 4.706
201912 4.550 111.200 4.692
202003 4.567 112.300 4.663
202006 4.631 110.400 4.810
202009 4.627 111.700 4.750
202012 4.661 111.500 4.793
202103 4.711 112.662 4.795
202106 4.787 111.769 4.911
202109 4.827 112.215 4.933
202112 4.876 113.108 4.943
202203 4.946 114.335 4.960
202206 5.041 114.558 5.046
202209 5.097 115.339 5.067
202212 5.754 115.116 5.732
202303 5.824 115.116 5.801
202306 5.838 114.558 5.844
202309 6.098 115.339 6.063
202312 6.141 114.669 6.141

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.


China Aerospace Times Electronic Co  (SHSE:600879) 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.


China Aerospace Times Electronic Co Cyclically Adjusted PB Ratio Related Terms

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


China Aerospace Times Electronic Co (SHSE:600879) Business Description

Traded in Other Exchanges
N/A
Address
Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056
China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.

China Aerospace Times Electronic Co (SHSE:600879) Headlines

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