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Unisplendour (SZSE:000938) Cyclically Adjusted PB Ratio : 2.51 (As of Jun. 06, 2024)


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What is Unisplendour Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Unisplendour's current share price is ¥22.68. Unisplendour's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥9.04. Unisplendour's Cyclically Adjusted PB Ratio for today is 2.51.

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

SZSE:000938' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 5.63   Max: 24.62
Current: 2.44

During the past years, Unisplendour's highest Cyclically Adjusted PB Ratio was 24.62. The lowest was 1.74. And the median was 5.63.

SZSE:000938's Cyclically Adjusted PB Ratio is ranked worse than
64.27% of 1895 companies
in the Hardware industry
Industry Median: 1.68 vs SZSE:000938: 2.44

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.

Unisplendour's adjusted book value per share data for the three months ended in Mar. 2024 was ¥12.014. 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 ¥9.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Unisplendour Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Unisplendour'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.

Unisplendour Cyclically Adjusted PB Ratio Chart

Unisplendour 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 4.48 3.48 3.35 2.49 2.21

Unisplendour Quarterly Data
Jun19 Sep19 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 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 3.63 3.86 2.76 2.21 2.40

Competitive Comparison of Unisplendour's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, Unisplendour'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.


Unisplendour's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Unisplendour 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.

Unisplendour's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.68/9.04
=2.51

* 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.

Unisplendour's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Unisplendour'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)
=12.014/115.2271*115.2271
=12.014

Current CPI (Mar. 2024) = 115.2271.

Unisplendour Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.909 98.200 3.413
201409 3.017 98.900 3.515
201412 3.147 99.000 3.663
201503 4.375 99.900 5.046
201506 4.000 99.500 4.632
201509 3.592 100.500 4.118
201512 4.217 100.600 4.830
201603 0.693 102.200 0.781
201606 8.238 101.400 9.361
201609 8.334 102.400 9.378
201612 8.323 102.600 9.347
201703 8.416 103.200 9.397
201706 8.518 103.100 9.520
201709 8.630 104.100 9.552
201712 8.805 104.500 9.709
201803 8.887 105.300 9.725
201806 8.962 104.900 9.844
201809 9.104 106.600 9.841
201812 9.288 106.500 10.049
201903 9.417 107.700 10.075
201906 9.506 107.700 10.170
201909 9.649 109.800 10.126
201912 9.854 111.200 10.211
202003 9.945 112.300 10.204
202006 10.058 110.400 10.498
202009 10.187 111.700 10.509
202012 9.883 111.500 10.213
202103 9.933 112.662 10.159
202106 10.060 111.769 10.371
202109 10.296 112.215 10.572
202112 10.475 113.108 10.671
202203 10.605 114.335 10.688
202206 10.714 114.558 10.777
202209 10.958 115.339 10.947
202212 11.133 115.116 11.144
202303 11.285 115.116 11.296
202306 11.491 114.558 11.558
202309 11.672 115.339 11.661
202312 11.869 114.781 11.915
202403 12.014 115.227 12.014

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.


Unisplendour  (SZSE:000938) 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.


Unisplendour Cyclically Adjusted PB Ratio Related Terms

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


Unisplendour (SZSE:000938) Business Description

Traded in Other Exchanges
N/A
Address
Tsinghua University, Ziguang Building, Haidian District, Beijing, Beijing, CHN, 100084
Unisplendour Corp Ltd specializes in information technology and communications in China. Their main businesses include information products, software integration, digital distribution, intelligent transportation, and communication technology.
Executives
Wang Xin Xin Independent director
Kang Xu Fang Supervisors
Wang Yi Qun Executives

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