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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Cyclically Adjusted PB Ratio : 2.92 (As of Jun. 08, 2024)


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What is Yantai Jereh Oilfield Services Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Yantai Jereh Oilfield Services Group Co's current share price is ¥34.00. Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥11.66. Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio for today is 2.92.

The historical rank and industry rank for Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:002353' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.2   Med: 3.71   Max: 6.86
Current: 3

During the past years, Yantai Jereh Oilfield Services Group Co's highest Cyclically Adjusted PB Ratio was 6.86. The lowest was 2.20. And the median was 3.71.

SZSE:002353's Cyclically Adjusted PB Ratio is ranked worse than
87.05% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs SZSE:002353: 3.00

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.

Yantai Jereh Oilfield Services Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥19.145. 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 ¥11.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yantai Jereh Oilfield Services Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yantai Jereh Oilfield Services Group 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.

Yantai Jereh Oilfield Services Group Co Cyclically Adjusted PB Ratio Chart

Yantai Jereh Oilfield Services Group Co 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 5.36 4.55 4.58 2.77 2.48

Yantai Jereh Oilfield Services Group 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 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 2.72 2.36 2.88 2.48 2.60

Competitive Comparison of Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, Yantai Jereh Oilfield Services Group 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.


Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio falls into.



Yantai Jereh Oilfield Services Group 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.

Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.00/11.66
=2.92

* 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.

Yantai Jereh Oilfield Services Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yantai Jereh Oilfield Services Group 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)
=19.145/115.2271*115.2271
=19.145

Current CPI (Mar. 2024) = 115.2271.

Yantai Jereh Oilfield Services Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.748 98.200 9.091
201409 8.139 98.900 9.483
201412 8.218 99.000 9.565
201503 8.246 99.900 9.511
201506 8.102 99.500 9.383
201509 8.119 100.500 9.309
201512 8.136 100.600 9.319
201603 8.167 102.200 9.208
201606 8.181 101.400 9.297
201609 8.177 102.400 9.201
201612 8.201 102.600 9.210
201703 8.228 103.200 9.187
201706 8.200 103.100 9.165
201709 8.246 104.100 9.127
201712 8.303 104.500 9.155
201803 8.288 105.300 9.069
201806 8.331 104.900 9.151
201809 8.563 106.600 9.256
201812 8.778 106.500 9.497
201903 8.902 107.700 9.524
201906 9.254 107.700 9.901
201909 9.688 109.800 10.167
201912 10.195 111.200 10.564
202003 10.275 112.300 10.543
202006 10.602 110.400 11.066
202009 10.977 111.700 11.324
202012 11.565 111.500 11.952
202103 11.880 112.662 12.151
202106 12.194 111.769 12.571
202109 12.562 112.215 12.899
202112 13.022 113.108 13.266
202203 13.415 114.335 13.520
202206 16.794 114.558 16.892
202209 16.187 115.339 16.171
202212 16.813 115.116 16.829
202303 17.126 115.116 17.143
202306 17.446 114.558 17.548
202309 17.965 115.339 17.948
202312 18.871 114.781 18.944
202403 19.145 115.227 19.145

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.


Yantai Jereh Oilfield Services Group Co  (SZSE:002353) 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.


Yantai Jereh Oilfield Services Group Co Cyclically Adjusted PB Ratio Related Terms

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


Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Traded in Other Exchanges
N/A
Address
No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003
Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.
Executives
Lu Wei Executives
Li Zhi Yong Executives
Li Hui Tao Director
Liu Zhen Feng Director
Sun Wei Jie Director
Wang Kun Xiao Director
Dong Ting Ting Supervisors
Wang Ji Li Director
Liu Dong Director
Li Xue Feng Executives
Liu Yu Qiao Supervisors
Cheng Yong Feng Secretary Dong
Hu Wen Guo Supervisors
Yu Xi Mao Independent director
Yan Yu Li Executives

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