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Shenzhen Zhongheng Huafa Co (SZSE:000020) Cyclically Adjusted Book per Share : ¥1.24 (As of Mar. 2024)


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What is Shenzhen Zhongheng Huafa Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Shenzhen Zhongheng Huafa Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥1.315. 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 ¥1.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Shenzhen Zhongheng Huafa Co's average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Shenzhen Zhongheng Huafa Co was 3.30% per year. The lowest was -3.10% per year. And the median was 1.40% per year.

As of today (2024-06-07), Shenzhen Zhongheng Huafa Co's current stock price is ¥10.17. Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥1.24. Shenzhen Zhongheng Huafa Co's Cyclically Adjusted PB Ratio of today is 8.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shenzhen Zhongheng Huafa Co was 31.02. The lowest was 5.22. And the median was 9.32.


Shenzhen Zhongheng Huafa Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Book per Share 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.

Shenzhen Zhongheng Huafa Co Cyclically Adjusted Book per Share Chart

Shenzhen Zhongheng Huafa Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.18 1.20 1.22 1.23

Shenzhen Zhongheng Huafa 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 Book per Share 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 1.22 1.23 1.23 1.24

Competitive Comparison of Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Shenzhen Zhongheng Huafa 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.


Shenzhen Zhongheng Huafa Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zhongheng Huafa Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongheng Huafa Co's Cyclically Adjusted PB Ratio falls into.



Shenzhen Zhongheng Huafa Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Shenzhen Zhongheng Huafa 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)
=1.315/115.2271*115.2271
=1.315

Current CPI (Mar. 2024) = 115.2271.

Shenzhen Zhongheng Huafa Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.972 98.200 1.141
201409 0.970 98.900 1.130
201412 0.994 99.000 1.157
201503 0.995 99.900 1.148
201506 1.044 99.500 1.209
201509 1.064 100.500 1.220
201512 1.109 100.600 1.270
201603 1.114 102.200 1.256
201606 1.125 101.400 1.278
201609 1.117 102.400 1.257
201612 1.129 102.600 1.268
201703 1.131 103.200 1.263
201706 1.137 103.100 1.271
201709 1.130 104.100 1.251
201712 1.132 104.500 1.248
201803 1.134 105.300 1.241
201806 1.142 104.900 1.254
201809 1.134 106.600 1.226
201812 1.144 106.500 1.238
201903 1.145 107.700 1.225
201906 1.153 107.700 1.234
201909 1.156 109.800 1.213
201912 1.163 111.200 1.205
202003 1.162 112.300 1.192
202006 1.175 110.400 1.226
202009 1.181 111.700 1.218
202012 1.187 111.500 1.227
202103 1.207 112.662 1.234
202106 1.212 111.769 1.249
202109 1.216 112.215 1.249
202112 1.213 113.108 1.236
202203 1.234 114.335 1.244
202206 1.244 114.558 1.251
202209 1.243 115.339 1.242
202212 1.249 115.116 1.250
202303 1.271 115.116 1.272
202306 1.277 114.558 1.284
202309 1.293 115.339 1.292
202312 1.296 114.781 1.301
202403 1.315 115.227 1.315

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Shenzhen Zhongheng Huafa Co  (SZSE:000020) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Shenzhen Zhongheng Huafa Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.17/1.24
=8.20

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shenzhen Zhongheng Huafa Co was 31.02. The lowest was 5.22. And the median was 9.32.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Shenzhen Zhongheng Huafa Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Shenzhen Zhongheng Huafa Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Traded in Other Exchanges
Address
6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031
Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.
Executives
Huang Yan Bo Supervisors
Tang Gan Yu Executives

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