Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Cyclically Adjusted PB Ratio : 2.40 (As of Apr. 28, 2024)

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What is Tingyi (Cayman Islands) Holding Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Tingyi (Cayman Islands) Holding's current share price is $1.1756. Tingyi (Cayman Islands) Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $0.49. Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio for today is 2.40.

The historical rank and industry rank for Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio or its related term are showing as below:

TCYMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17 Med: 3.42 Max: 11.37
Current: 2.2

During the past 13 years, Tingyi (Cayman Islands) Holding's highest Cyclically Adjusted PB Ratio was 11.37. The lowest was 2.17. And the median was 3.42.

TCYMF's Cyclically Adjusted PB Ratio is ranked worse than
68.67% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs TCYMF: 2.20

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.

Tingyi (Cayman Islands) Holding's adjusted book value per share data of for the fiscal year that ended in Dec23 was $0.345. 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 $0.49 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Tingyi (Cayman Islands) Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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.

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Tingyi (Cayman Islands) Holding Cyclically Adjusted PB Ratio Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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3.28

3.15

3.72

3.26

2.37

Tingyi (Cayman Islands) Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															3.72	-	3.26	-	2.37

Competitive Comparison of Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Tingyi (Cayman Islands) Holding'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.

Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio falls into.

Tingyi (Cayman Islands) Holding 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.

Tingyi (Cayman Islands) Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	1.1756	/	0.49
	=	2.40

Tingyi (Cayman Islands) Holding's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Tingyi (Cayman Islands) Holding's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.345	/	114.6694	*	114.6694
	=	0.345

Current CPI (Dec23) = 114.6694.

Tingyi (Cayman Islands) Holding Annual Data

	Book Value per Share	CPI	Adj_Book
201412	0.543	99.000	0.629
201512	0.523	100.600	0.596
201612	0.467	102.600	0.522
201712	0.498	104.500	0.546
201812	0.508	106.500	0.547
201912	0.496	111.200	0.511
202012	0.574	111.500	0.590
202112	0.520	113.108	0.527
202212	0.340	115.116	0.339
202312	0.345	114.669	0.345

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.

Tingyi (Cayman Islands) Holding (OTCPK:TCYMF) 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.

Tingyi (Cayman Islands) Holding Cyclically Adjusted PB Ratio Related Terms

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

Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (OTCPK:TCYMF) » Definitions » Cyclically Adjusted PB Ratio

Traded in Other Exchanges

TYCMY:USA 910322:Taiwan 00322:Hong Kong TYG:Germany TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Headlines

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