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Telecom Digital Holdings (HKSE:06033) Cyclically Adjusted PB Ratio : 0.87 (As of May. 13, 2024)


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What is Telecom Digital Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-13), Telecom Digital Holdings's current share price is HK$0.72. Telecom Digital Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was HK$0.83. Telecom Digital Holdings's Cyclically Adjusted PB Ratio for today is 0.87.

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

HKSE:06033' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.99   Max: 3.99
Current: 0.87

During the past 11 years, Telecom Digital Holdings's highest Cyclically Adjusted PB Ratio was 3.99. The lowest was 0.71. And the median was 1.99.

HKSE:06033's Cyclically Adjusted PB Ratio is ranked better than
60.58% of 728 companies
in the Retail - Cyclical industry
Industry Median: 1.18 vs HKSE:06033: 0.87

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.

Telecom Digital Holdings's adjusted book value per share data of for the fiscal year that ended in Mar23 was HK$1.110. 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$0.83 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecom Digital Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Telecom Digital 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.

Telecom Digital Holdings Cyclically Adjusted PB Ratio Chart

Telecom Digital Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.93 2.00

Telecom Digital Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 3.93 - 2.00 -

Competitive Comparison of Telecom Digital Holdings's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Telecom Digital 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.


Telecom Digital Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Telecom Digital Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Telecom Digital 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.

Telecom Digital Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.72/0.83
=0.87

* 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.

Telecom Digital Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Telecom Digital Holdings'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)
=1.11/115.4269*115.4269
=1.110

Current CPI (Mar23) = 115.4269.

Telecom Digital Holdings Annual Data

Book Value per Share CPI Adj_Book
201403 0.462 95.749 0.557
201503 0.428 99.927 0.494
201603 0.588 102.785 0.660
201703 0.658 103.335 0.735
201803 0.791 105.973 0.862
201903 0.878 108.172 0.937
202003 0.889 110.920 0.925
202103 0.946 111.579 0.979
202203 1.016 113.558 1.033
202303 1.110 115.427 1.110

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.


Telecom Digital Holdings  (HKSE:06033) 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.


Telecom Digital Holdings Cyclically Adjusted PB Ratio Related Terms

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Telecom Digital Holdings (HKSE:06033) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Sheung Yuet Road, 19th Floor, YHC Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Telecom Digital Holdings Ltd is an investment holding company. The company is principally engaged in telecommunications and related business. The company's operating segment includes Product business; Operation Services; Properties Investment and other segments. The company generates maximum revenue from the Product business segment which is involved in the sales of electronic devices, other consumer goods, and related services.

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