Brilliance China Automotive Holdings (HKSE:01114) Cyclically Adjusted PB Ratio : 0.86 (As of Jun. 09, 2024)

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What is Brilliance China Automotive Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Brilliance China Automotive Holdings's current share price is HK$6.98. Brilliance China Automotive Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$8.08. Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio for today is 0.86.

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

HKSE:01114' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 2.15 Max: 7.33
Current: 0.86

During the past 13 years, Brilliance China Automotive Holdings's highest Cyclically Adjusted PB Ratio was 7.33. The lowest was 0.38. And the median was 2.15.

HKSE:01114's Cyclically Adjusted PB Ratio is ranked better than
66.5% of 1000 companies
in the Vehicles & Parts industry
Industry Median: 1.33 vs HKSE:01114: 0.86

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.

Brilliance China Automotive Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$11.082. 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$8.08 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Brilliance China Automotive Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brilliance China Automotive 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.

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Brilliance China Automotive Holdings Cyclically Adjusted PB Ratio Chart

Brilliance China Automotive Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.69

1.32

1.17

0.61

0.54

Brilliance China Automotive 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															1.17	-	0.61	-	0.54

Competitive Comparison of Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Brilliance China Automotive 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.

Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio falls into.

Brilliance China Automotive 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.

Brilliance China Automotive Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	6.98	/	8.08
	=	0.86

Brilliance China Automotive Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Brilliance China Automotive Holdings'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)
	=	11.082	/	117.2957	*	117.2957
	=	11.082

Current CPI (Dec23) = 117.2957.

Brilliance China Automotive Holdings Annual Data

	Book Value per Share	CPI	Adj_Book
201412	4.221	99.707	4.966
201512	4.758	102.015	5.471
201612	5.278	103.225	5.997
201712	6.229	104.984	6.960
201812	6.998	107.622	7.627
201912	7.461	110.700	7.906
202012	7.821	109.711	8.362
202112	10.273	112.349	10.725
202212	11.387	114.548	11.660
202312	11.082	117.296	11.082

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.

Brilliance China Automotive Holdings (HKSE:01114) 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.

Brilliance China Automotive Holdings Cyclically Adjusted PB Ratio Related Terms

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Brilliance China Automotive Holdings (HKSE:01114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Brilliance China Automotive Holdings Ltd (HKSE:01114) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

BCAUF:USA CBA:Germany

Address

8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG

Website

http://www.brillianceauto.com/main.html

Based in Liaoning, China, Brilliance China Automotive is a provincial state-owned enterprise that manufactures passenger vehicles, minibuses, and automotive components. Almost all of Brilliance's operating profits come from the passenger vehicle joint venture with BMW. Brilliance also operates a minibus business through a 51%-owned joint venture with Renault.

Executives

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
Shen Yang Di Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Yang Cai Rui Qi Che Chan Ye Fa Zhan He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shen Yang Cai Rui Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Yang Sheng Jing Jin Kong Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Liao Ning Jin Rong Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Yang Qi Che You Xian Gong Si	2201 Interest of corporation controlled by you
Liao Ning Xin Rui Qi Che Chan Ye Fa Zhan You Xian Gong Si	2101 Beneficial owner
Hua Chen Qi Che Ji Tuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Baillie Gifford & Co	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Baillie Gifford & Co	2102 Investment manager
Citigroup Inc.	2201 Interest of corporation controlled by you

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