China HK Power Smart Energy Group (HKSE:00931) Cyclically Adjusted PB Ratio : 4.78 (As of Jun. 02, 2024)

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What is China HK Power Smart Energy Group Cyclically Adjusted PB Ratio?

As of today (2024-06-02), China HK Power Smart Energy Group's current share price is HK$0.43. China HK Power Smart Energy Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was HK$0.09. China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio for today is 4.78.

The historical rank and industry rank for China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:00931' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.71 Med: 4.78 Max: 97.5
Current: 4.83

During the past 13 years, China HK Power Smart Energy Group's highest Cyclically Adjusted PB Ratio was 97.50. The lowest was 1.71. And the median was 4.78.

HKSE:00931's Cyclically Adjusted PB Ratio is ranked worse than
94.17% of 823 companies
in the Oil & Gas industry
Industry Median: 1 vs HKSE:00931: 4.83

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.

China HK Power Smart Energy Group's adjusted book value per share data of for the fiscal year that ended in Mar23 was HK$0.011. 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$0.09 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation

China HK Power Smart Energy Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China HK Power Smart Energy Group'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.

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China HK Power Smart Energy Group Cyclically Adjusted PB Ratio Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted PB Ratio

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11.42

2.66

4.95

3.00

4.05

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	3.00	-	4.05	-

Competitive Comparison of China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy Group'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.

China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio falls into.

China HK Power Smart Energy Group 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.

China HK Power Smart Energy Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.43	/	0.09
	=	4.78

China HK Power Smart Energy Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, China HK Power Smart Energy Group's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar23 (Change)	*	Current CPI (Mar23)
	=	0.011	/	115.4269	*	115.4269
	=	0.011

Current CPI (Mar23) = 115.4269.

China HK Power Smart Energy Group Annual Data

	Book Value per Share	CPI	Adj_Book
201412	0.087	99.707	0.101
201512	0.150	102.015	0.170
201612	0.151	103.225	0.169
201712	0.136	104.984	0.150
201812	0.112	107.622	0.120
201903	0.081	108.172	0.086
202003	0.025	110.920	0.026
202103	0.016	111.579	0.017
202203	0.040	113.558	0.041
202303	0.011	115.427	0.011

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.

China HK Power Smart Energy Group (HKSE:00931) 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.

China HK Power Smart Energy Group Cyclically Adjusted PB Ratio Related Terms

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China HK Power Smart Energy Group (HKSE:00931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (HKSE:00931) » Definitions » Cyclically Adjusted PB Ratio

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Traded in Other Exchanges

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Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

Executives

Kan Che Kin Billy Albert

2101 Beneficial owner

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