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Zhejiang Longsheng Group Co (SHSE:600352) Cyclically Adjusted Book per Share : ¥7.23 (As of Mar. 2024)


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What is Zhejiang Longsheng Group 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.

Zhejiang Longsheng Group Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥10.180. 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 ¥7.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Zhejiang Longsheng Group Co's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 16.60% 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 Zhejiang Longsheng Group Co was 21.50% per year. The lowest was 12.70% per year. And the median was 17.60% per year.

As of today (2024-05-28), Zhejiang Longsheng Group Co's current stock price is ¥9.03. Zhejiang Longsheng Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥7.23. Zhejiang Longsheng Group Co's Cyclically Adjusted PB Ratio of today is 1.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zhejiang Longsheng Group Co was 10.75. The lowest was 1.07. And the median was 3.39.


Zhejiang Longsheng Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zhejiang Longsheng Group 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.

Zhejiang Longsheng Group Co Cyclically Adjusted Book per Share Chart

Zhejiang Longsheng Group 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 4.35 4.93 5.64 6.40 7.05

Zhejiang Longsheng 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 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 6.57 6.70 6.91 7.05 7.23

Competitive Comparison of Zhejiang Longsheng Group Co's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Zhejiang Longsheng 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.


Zhejiang Longsheng Group Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Longsheng Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zhejiang Longsheng Group Co's Cyclically Adjusted PB Ratio falls into.



Zhejiang Longsheng Group 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, Zhejiang Longsheng 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)
=10.18/115.2271*115.2271
=10.180

Current CPI (Mar. 2024) = 115.2271.

Zhejiang Longsheng Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.389 98.200 3.977
201409 3.585 98.900 4.177
201412 3.656 99.000 4.255
201503 3.993 99.900 4.606
201506 3.960 99.500 4.586
201509 4.101 100.500 4.702
201512 4.290 100.600 4.914
201603 4.331 102.200 4.883
201606 4.448 101.400 5.055
201609 4.657 102.400 5.240
201612 4.802 102.600 5.393
201703 4.983 103.200 5.564
201706 4.910 103.100 5.488
201709 5.048 104.100 5.588
201712 5.208 104.500 5.743
201803 5.404 105.300 5.913
201806 5.495 104.900 6.036
201809 5.974 106.600 6.457
201812 6.289 106.500 6.804
201903 6.613 107.700 7.075
201906 6.798 107.700 7.273
201909 7.260 109.800 7.619
201912 7.542 111.200 7.815
202003 7.880 112.300 8.085
202006 8.168 110.400 8.525
202009 8.250 111.700 8.511
202012 8.520 111.500 8.805
202103 8.845 112.662 9.046
202106 9.127 111.769 9.409
202109 9.287 112.215 9.536
202112 9.333 113.108 9.508
202203 9.454 114.335 9.528
202206 9.421 114.558 9.476
202209 9.584 115.339 9.575
202212 9.887 115.116 9.897
202303 9.955 115.116 9.965
202306 9.943 114.558 10.001
202309 9.950 115.339 9.940
202312 10.126 114.781 10.165
202403 10.180 115.227 10.180

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


Zhejiang Longsheng Group Co  (SHSE:600352) 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.

Zhejiang Longsheng Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.03/7.23
=1.25

* 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 Zhejiang Longsheng Group Co was 10.75. The lowest was 1.07. And the median was 3.39.


Be Aware

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


Zhejiang Longsheng Group Co Cyclically Adjusted Book per Share Related Terms

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Zhejiang Longsheng Group Co (SHSE:600352) Business Description

Traded in Other Exchanges
N/A
Address
Daoxu Town, Shangyu District, Zhejiang Province, Shangyu, CHN, 312368
Zhejiang Longsheng Group Co Ltd is a China-based company principally engaged in the production and sale of dyes and automobile spare parts. It is also involved in the real estate business. The company operates in the business segments of Chemicals, Real Estate, Autoparts, Financial Investment and Others. In the Chemical segment, the product range covers textile chemicals, construction chemicals, fine chemical intermediates, inorganic chemicals and others. In Autoparts segment, the Company focuses on development, production, and sales of auto parts, sales of steel and logistics.
Executives
Zhou Zheng Nan Director
Yao Jian Fang Director
Gong Han Director
Ruan Xing Xiang Director
Luo Bin Director
Ruan Wei Xiang Director
Ruan Xiao Yun Supervisors
Xiang Zhi Feng Director
Wang Yong Supervisors
Xiang Zhi Feng Director
He Xu Bin senior management
Ou Qi senior management
Chang Sheng Director
Chen Yong Yao senior management
Jiang Huo Biao senior management

Zhejiang Longsheng Group Co (SHSE:600352) Headlines

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