Jiangsu Bide Science And Technology Co (SHSE:605298) Cyclically Adjusted PB Ratio : 1.68 (As of May. 27, 2024)

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What is Jiangsu Bide Science And Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Jiangsu Bide Science And Technology Co's current share price is ¥11.81. Jiangsu Bide Science And Technology Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was ¥7.01. Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio for today is 1.68.

The historical rank and industry rank for Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:605298' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22 Med: 1.88 Max: 2.24
Current: 1.67

During the past 10 years, Jiangsu Bide Science And Technology Co's highest Cyclically Adjusted PB Ratio was 2.24. The lowest was 1.22. And the median was 1.88.

SHSE:605298's Cyclically Adjusted PB Ratio is ranked worse than
63.05% of 709 companies
in the Transportation industry
Industry Median: 1.27 vs SHSE:605298: 1.67

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.

Jiangsu Bide Science And Technology Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was ¥6.817. 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 ¥7.01 for the trailing ten years ended in Dec23.

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Jiangsu Bide Science And Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jiangsu Bide Science And Technology 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.

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Jiangsu Bide Science And Technology Co Cyclically Adjusted PB Ratio Chart

Jiangsu Bide Science And Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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2.22

Jiangsu Bide Science And Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	-	-	2.22	-

Competitive Comparison of Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio

For the Railroads subindustry, Jiangsu Bide Science And Technology 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.

Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio falls into.

Jiangsu Bide Science And Technology 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.

Jiangsu Bide Science And Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	11.81	/	7.01
	=	1.68

Jiangsu Bide Science And Technology Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Jiangsu Bide Science And Technology Co'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)
	=	6.817	/	114.7809	*	114.7809
	=	6.817

Current CPI (Dec23) = 114.7809.

Jiangsu Bide Science And Technology Co Annual Data

	Book Value per Share	CPI	Adj_Book
201312	13.151	97.624	15.462
201412	8.317	99.000	9.643
201612	6.320	102.600	7.070
201712	3.029	104.500	3.327
201812	3.805	106.500	4.101
201912	4.466	111.200	4.610
202012	5.073	111.500	5.222
202112	6.891	113.108	6.993
202212	6.917	115.116	6.897
202312	6.817	114.781	6.817

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.

Jiangsu Bide Science And Technology Co (SHSE:605298) 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.

Jiangsu Bide Science And Technology Co Cyclically Adjusted PB Ratio Related Terms

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Jiangsu Bide Science And Technology Co (SHSE:605298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Bide Science And Technology Co Ltd (SHSE:605298) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Yuexiang Road, Yuecheng Town, Jiangsu Province, Jiangyin City, CHN, 214404

Website

http://www.bidekeji.com

Jiangsu Bide Science Shares Co Ltd is engaged in the research and development, production and sales of railway passenger car and vehicle accessories. The company's products mainly include accessories such as cable protection, air conditioning, ventilation, and sand-spreading devices for motor vehicle. The product application range covers high-speed EMUs, urban rail subways, railway passenger cars, special vehicles and others.

Executives

Liu Ying	Director
Tang Shuang Xi	Directors, senior managers

Jiangsu Bide Science And Technology Co (SHSE:605298) Headlines

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