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SDIC Power Holdings Co (SHSE:600886) Cyclically Adjusted Book per Share : ¥5.87 (As of Mar. 2024)


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What is SDIC Power Holdings 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.

SDIC Power Holdings Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥8.197. 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 ¥5.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SDIC Power Holdings Co's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.00% 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 SDIC Power Holdings Co was 14.10% per year. The lowest was 10.60% per year. And the median was 12.10% per year.

As of today (2024-06-06), SDIC Power Holdings Co's current stock price is ¥17.83. SDIC Power Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥5.87. SDIC Power Holdings Co's Cyclically Adjusted PB Ratio of today is 3.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SDIC Power Holdings Co was 6.95. The lowest was 1.88. And the median was 2.37.


SDIC Power Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for SDIC Power Holdings 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.

SDIC Power Holdings Co Cyclically Adjusted Book per Share Chart

SDIC Power Holdings 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 3.81 4.23 4.72 5.27 5.73

SDIC Power Holdings 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 5.39 5.48 5.64 5.73 5.87

Competitive Comparison of SDIC Power Holdings Co's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, SDIC Power Holdings 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.


SDIC Power Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SDIC Power Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SDIC Power Holdings Co's Cyclically Adjusted PB Ratio falls into.



SDIC Power Holdings 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, SDIC Power Holdings 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)
=8.197/115.2271*115.2271
=8.197

Current CPI (Mar. 2024) = 115.2271.

SDIC Power Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.871 98.200 3.369
201409 3.266 98.900 3.805
201412 3.411 99.000 3.970
201503 3.588 99.900 4.138
201506 3.476 99.500 4.025
201509 3.784 100.500 4.339
201512 3.917 100.600 4.487
201603 4.100 102.200 4.623
201606 3.852 101.400 4.377
201609 4.138 102.400 4.656
201612 4.226 102.600 4.746
201703 4.362 103.200 4.870
201706 4.415 103.100 4.934
201709 4.458 104.100 4.935
201712 4.503 104.500 4.965
201803 4.726 105.300 5.172
201806 4.865 104.900 5.344
201809 5.454 106.600 5.895
201812 5.552 106.500 6.007
201903 5.725 107.700 6.125
201906 5.615 107.700 6.007
201909 5.906 109.800 6.198
201912 5.951 111.200 6.167
202003 6.165 112.300 6.326
202006 6.213 110.400 6.485
202009 6.382 111.700 6.584
202012 6.783 111.500 7.010
202103 6.895 112.662 7.052
202106 6.555 111.769 6.758
202109 6.431 112.215 6.604
202112 6.906 113.108 7.035
202203 7.040 114.335 7.095
202206 7.076 114.558 7.117
202209 7.292 115.339 7.285
202212 7.313 115.116 7.320
202303 7.535 115.116 7.542
202306 7.514 114.558 7.558
202309 7.867 115.339 7.859
202312 7.924 114.781 7.955
202403 8.197 115.227 8.197

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


SDIC Power Holdings Co  (SHSE:600886) 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.

SDIC Power Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.83/5.87
=3.04

* 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 SDIC Power Holdings Co was 6.95. The lowest was 1.88. And the median was 2.37.


Be Aware

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


SDIC Power Holdings Co Cyclically Adjusted Book per Share Related Terms

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


SDIC Power Holdings Co (SHSE:600886) Business Description

Traded in Other Exchanges
N/A
Address
Xizhimen Nanxiao Street, Room 1108, 11th Floor, Building 147, Xicheng District, Beijing, CHN, 100034
SDIC Power Holdings Co Ltd is engaged in investment and construction, management of energy projects based on electric power generation, development and operation of renewable energy projects, high technology and eco-friendly industries, development and operation of the products associated with electric power as well as consultancy. The company's business areas are Coal-fired power; Hydropower; Wind, solar and other sustainable power, and others. It generates maximum revenue from the Hydropower segment.

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