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Dongfeng Motor Group Co (HKSE:00489) Cyclically Adjusted PB Ratio : 0.14 (As of Jun. 10, 2024)


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What is Dongfeng Motor Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Dongfeng Motor Group Co's current share price is HK$2.41. Dongfeng Motor Group Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$17.10. Dongfeng Motor Group Co's Cyclically Adjusted PB Ratio for today is 0.14.

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

HKSE:00489' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.76   Max: 3.32
Current: 0.14

During the past 13 years, Dongfeng Motor Group Co's highest Cyclically Adjusted PB Ratio was 3.32. The lowest was 0.14. And the median was 0.76.

HKSE:00489's Cyclically Adjusted PB Ratio is ranked better than
97.7% of 1001 companies
in the Vehicles & Parts industry
Industry Median: 1.28 vs HKSE:00489: 0.14

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.

Dongfeng Motor Group Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$20.129. 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$17.10 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dongfeng Motor Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dongfeng Motor 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.

Dongfeng Motor Group Co Cyclically Adjusted PB Ratio Chart

Dongfeng Motor 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 0.60 0.67 0.44 0.28 0.23

Dongfeng Motor Group Co 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 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 0.44 - 0.28 - 0.23

Competitive Comparison of Dongfeng Motor Group Co's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Dongfeng Motor 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.


Dongfeng Motor Group Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dongfeng Motor Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dongfeng Motor 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.

Dongfeng Motor Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.41/17.1
=0.14

* 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.

Dongfeng Motor Group Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Dongfeng Motor Group Co's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=20.129/114.7809*114.7809
=20.129

Current CPI (Dec23) = 114.7809.

Dongfeng Motor Group Co Annual Data

Book Value per Share CPI Adj_Book
201412 10.734 99.000 12.445
201512 11.807 100.600 13.471
201612 12.587 102.600 14.081
201712 14.924 104.500 16.392
201812 15.604 106.500 16.817
201912 16.503 111.200 17.034
202012 18.698 111.500 19.248
202112 20.952 113.108 21.262
202212 20.200 115.116 20.141
202312 20.129 114.781 20.129

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.


Dongfeng Motor Group Co  (HKSE:00489) 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.


Dongfeng Motor Group Co Cyclically Adjusted PB Ratio Related Terms

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


Dongfeng Motor Group Co (HKSE:00489) Business Description

Traded in Other Exchanges
Address
Special No. 1 Dongfeng Road, Wuhan Economic and Technology Development Zone, Hubei, Wuhan, CHN, 430056
Dongfeng Motor Group Co Ltd is engaged in vehicle manufacturing, covering other complete business systems relating to automobiles such as R&D of automobiles, parts and equipment manufacturing, automobile finance, automobile sales, and travel business. The company's segments include commercial vehicles, passenger vehicles, financing services, and corporate and others. The majority of its revenue is generated from the Passenger vehicles segment.
Executives
Reynolds Margaret (meg) 2201 Interest of corporation controlled by you
Ward Bryan 2201 Interest of corporation controlled by you
Westwood Global Investments, Llc 2102 Investment manager
Blackrock, Inc. 2201 Interest of corporation controlled by you
Dongfeng Motor Corporation 2101 Beneficial owner
Citigroup Inc. 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Invesco Asset Management Limited 2102 Investment manager
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you

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