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Muyuan Foods Co (SZSE:002714) Cyclically Adjusted PB Ratio : 9.54 (As of Apr. 28, 2024)


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What is Muyuan Foods Co Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Muyuan Foods Co's current share price is ¥44.44. Muyuan Foods Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ¥4.66. Muyuan Foods Co's Cyclically Adjusted PB Ratio for today is 9.54.

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

SZSE:002714' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.79   Med: 13.02   Max: 22.79
Current: 9.33

During the past years, Muyuan Foods Co's highest Cyclically Adjusted PB Ratio was 22.79. The lowest was 6.79. And the median was 13.02.

SZSE:002714's Cyclically Adjusted PB Ratio is ranked worse than
95.2% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs SZSE:002714: 9.33

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.

Muyuan Foods Co's adjusted book value per share data for the three months ended in Sep. 2023 was ¥11.933. 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 ¥4.66 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Muyuan Foods Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Muyuan Foods 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.

Muyuan Foods Co Cyclically Adjusted PB Ratio Chart

Muyuan Foods Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 18.77 12.66

Muyuan Foods 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 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 15.45 12.66 12.03 9.71 8.13

Competitive Comparison of Muyuan Foods Co's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Muyuan Foods 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.


Muyuan Foods Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Muyuan Foods Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Muyuan Foods 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.

Muyuan Foods Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.44/4.66
=9.54

* 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.

Muyuan Foods Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Muyuan Foods 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)
=11.933/115.3387*115.3387
=11.933

Current CPI (Sep. 2023) = 115.3387.

Muyuan Foods Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.346 97.624 0.409
201403 0.451 98.600 0.528
201406 0.445 98.200 0.523
201409 0.451 98.900 0.526
201412 0.470 99.000 0.548
201503 0.465 99.900 0.537
201506 0.478 99.500 0.554
201509 0.500 100.500 0.574
201512 0.795 100.600 0.911
201603 0.878 102.200 0.991
201606 1.037 101.400 1.180
201609 1.152 102.400 1.298
201612 1.278 102.600 1.437
201703 1.278 103.200 1.428
201706 1.836 103.100 2.054
201709 1.959 104.100 2.170
201712 2.071 104.500 2.286
201803 2.098 105.300 2.298
201806 1.894 104.900 2.082
201809 1.980 106.600 2.142
201812 1.981 106.500 2.145
201903 1.872 107.700 2.005
201906 1.928 107.700 2.065
201909 3.127 109.800 3.285
201912 4.013 111.200 4.162
202003 4.782 112.300 4.911
202006 5.882 110.400 6.145
202009 7.885 111.700 8.142
202012 9.138 111.500 9.453
202103 10.659 112.662 10.912
202106 10.142 111.769 10.466
202109 10.211 112.215 10.495
202112 9.861 113.108 10.056
202203 9.027 114.335 9.106
202206 8.556 114.558 8.614
202209 10.152 115.339 10.152
202212 13.118 115.116 13.143
202303 12.848 115.116 12.873
202306 11.740 114.558 11.820
202309 11.933 115.339 11.933

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.


Muyuan Foods Co  (SZSE:002714) 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.


Muyuan Foods Co Cyclically Adjusted PB Ratio Related Terms

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


Muyuan Foods Co (SZSE:002714) Business Description

Traded in Other Exchanges
N/A
Address
Longsheng Industrial Park, Wolong District, Nanyang, CHN, 473000
Muyuan Foods is the largest hog producer in China and operates an integrated model, stretching from feed processing, swine medicine development, and sow breeding, to hog raising and slaughtering. The company derives over 80% of its sales from hog production and has increased its exposure to hog processing in recent years. In recent years, feed processing has also taken up a mid-single-digit percentage of sales. Muyuan's hog output has increased 46 times between 2013 and 2022.

Muyuan Foods Co (SZSE:002714) Headlines

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