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Fu Shou Yuan International Group (HKSE:01448) Cyclically Adjusted PB Ratio : 2.69 (As of May. 18, 2024)


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What is Fu Shou Yuan International Group Cyclically Adjusted PB Ratio?

As of today (2024-05-18), Fu Shou Yuan International Group's current share price is HK$5.56. Fu Shou Yuan International Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$2.07. Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio for today is 2.69.

The historical rank and industry rank for Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01448' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.28   Med: 3.1   Max: 4.29
Current: 2.64

During the past 12 years, Fu Shou Yuan International Group's highest Cyclically Adjusted PB Ratio was 4.29. The lowest was 2.28. And the median was 3.10.

HKSE:01448's Cyclically Adjusted PB Ratio is ranked worse than
66.07% of 56 companies
in the Personal Services industry
Industry Median: 1.745 vs HKSE:01448: 2.64

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.

Fu Shou Yuan International Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$2.791. 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$2.07 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fu Shou Yuan International Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fu Shou Yuan International 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.

* Premium members only.

Fu Shou Yuan International Group Cyclically Adjusted PB Ratio Chart

Fu Shou Yuan International Group 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 - - 3.73 3.50 2.56

Fu Shou Yuan International Group 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 3.73 - 3.50 - 2.56

Competitive Comparison of Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio

For the Personal Services subindustry, Fu Shou Yuan International 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.


Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio falls into.



Fu Shou Yuan International 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.

Fu Shou Yuan International Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.56/2.07
=2.69

* 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.

Fu Shou Yuan International Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Fu Shou Yuan International Group'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)
=2.791/114.7809*114.7809
=2.791

Current CPI (Dec23) = 114.7809.

Fu Shou Yuan International Group Annual Data

Book Value per Share CPI Adj_Book
201412 1.198 99.000 1.389
201512 1.286 100.600 1.467
201612 1.353 102.600 1.514
201712 1.652 104.500 1.815
201812 1.801 106.500 1.941
201912 1.994 111.200 2.058
202012 2.344 111.500 2.413
202112 2.661 113.108 2.700
202212 2.636 115.116 2.628
202312 2.791 114.781 2.791

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.


Fu Shou Yuan International Group  (HKSE:01448) 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.


Fu Shou Yuan International Group Cyclically Adjusted PB Ratio Related Terms

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Fu Shou Yuan International Group (HKSE:01448) Business Description

Traded in Other Exchanges
Address
No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030
Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.

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