SmarTone Telecommunications Holdings (HKSE:00315) Cyclically Adjusted PB Ratio : 0.81 (As of Jun. 01, 2024)

View and export this data going back to 1996. Start your Free Trial

What is SmarTone Telecommunications Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-01), SmarTone Telecommunications Holdings's current share price is HK$3.65. SmarTone Telecommunications Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was HK$4.53. SmarTone Telecommunications Holdings's Cyclically Adjusted PB Ratio for today is 0.81.

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

HKSE:00315' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 2.31 Max: 4.71
Current: 0.83

During the past 13 years, SmarTone Telecommunications Holdings's highest Cyclically Adjusted PB Ratio was 4.71. The lowest was 0.79. And the median was 2.31.

HKSE:00315's Cyclically Adjusted PB Ratio is ranked better than
69.2% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs HKSE:00315: 0.83

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.

SmarTone Telecommunications Holdings's adjusted book value per share data of for the fiscal year that ended in Jun23 was HK$4.595. 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 HK$4.53 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation

SmarTone Telecommunications Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SmarTone Telecommunications Holdings'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.

SmarTone Telecommunications Holdings Cyclically Adjusted PB Ratio Chart

SmarTone Telecommunications Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cyclically Adjusted PB Ratio

Get a 7-Day Free Trial

1.90

1.02

1.10

0.95

1.07

SmarTone Telecommunications Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	0.95	-	1.07	-

Competitive Comparison of SmarTone Telecommunications Holdings's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, SmarTone Telecommunications Holdings'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.

SmarTone Telecommunications Holdings's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, SmarTone Telecommunications Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

SmarTone Telecommunications Holdings 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.

SmarTone Telecommunications Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.65	/	4.53
	=	0.81

SmarTone Telecommunications Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, SmarTone Telecommunications Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun23 (Change)	*	Current CPI (Jun23)
	=	4.595	/	115.6468	*	115.6468
	=	4.595

Current CPI (Jun23) = 115.6468.

SmarTone Telecommunications Holdings Annual Data

	Book Value per Share	CPI	Adj_Book
201406	3.052	96.409	3.661
201506	3.645	99.267	4.246
201606	3.993	101.686	4.541
201706	4.154	103.664	4.634
201806	4.269	106.193	4.649
201906	4.497	109.601	4.745
202006	4.485	110.590	4.690
202106	4.608	111.360	4.785
202206	4.661	113.448	4.751
202306	4.595	115.647	4.595

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.

SmarTone Telecommunications Holdings (HKSE:00315) 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.

SmarTone Telecommunications Holdings Cyclically Adjusted PB Ratio Related Terms

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

SmarTone Telecommunications Holdings (HKSE:00315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » SmarTone Telecommunications Holdings Ltd (HKSE:00315) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

SMA:Germany

Address

378 Kwun Tong Road, 31st Floor, Millennium City 2, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.smartoneholdings.com

SmarTone Telecommunications Holdings Ltd provides mobile and broadband services for household and corporate customers. The majority of overall company revenue comes from selling handsets and associated accessories. Most of the group's customers are post-paid. The company operates through two main segments, Hong Kong and Macau, with Hong Kong representing the majority of revenue. SmarTone Telecommunications owns telecommunications infrastructure.

Executives

Sun Hung Kai Properties Limited
Hsbc Trustee (c.i.) Limited	2301 Trustee

SmarTone Telecommunications Holdings (HKSE:00315) Headlines

No Headlines