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CMST Development Co (SHSE:600787) Cyclically Adjusted PB Ratio : 0.99 (As of Jun. 05, 2024)


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What is CMST Development Co Cyclically Adjusted PB Ratio?

As of today (2024-06-05), CMST Development Co's current share price is ¥5.12. CMST Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥5.18. CMST Development Co's Cyclically Adjusted PB Ratio for today is 0.99.

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

SHSE:600787' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.7   Max: 6.99
Current: 1.01

During the past years, CMST Development Co's highest Cyclically Adjusted PB Ratio was 6.99. The lowest was 0.92. And the median was 1.70.

SHSE:600787's Cyclically Adjusted PB Ratio is ranked better than
61.75% of 719 companies
in the Transportation industry
Industry Median: 1.26 vs SHSE:600787: 1.01

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.

CMST Development Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥6.356. 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 ¥5.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CMST Development Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CMST Development 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.

CMST Development Co Cyclically Adjusted PB Ratio Chart

CMST Development 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 1.32 1.10 1.39 1.03 1.00

CMST Development Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.08 1.09 1.05 1.00 0.93

Competitive Comparison of CMST Development Co's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, CMST Development 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.


CMST Development Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CMST Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CMST Development Co's Cyclically Adjusted PB Ratio falls into.



CMST Development 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.

CMST Development Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.12/5.18
=0.99

* 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.

CMST Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CMST Development Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.356/115.2271*115.2271
=6.356

Current CPI (Mar. 2024) = 115.2271.

CMST Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.195 98.200 3.749
201409 3.217 98.900 3.748
201412 3.281 99.000 3.819
201503 3.286 99.900 3.790
201506 3.449 99.500 3.994
201509 2.925 100.500 3.354
201512 3.975 100.600 4.553
201603 4.040 102.200 4.555
201606 4.090 101.400 4.648
201609 4.099 102.400 4.612
201612 4.256 102.600 4.780
201703 4.269 103.200 4.767
201706 4.270 103.100 4.772
201709 4.771 104.100 5.281
201712 4.845 104.500 5.342
201803 4.807 105.300 5.260
201806 4.836 104.900 5.312
201809 4.834 106.600 5.225
201812 5.028 106.500 5.440
201903 5.006 107.700 5.356
201906 5.028 107.700 5.379
201909 5.072 109.800 5.323
201912 5.089 111.200 5.273
202003 5.099 112.300 5.232
202006 5.139 110.400 5.364
202009 5.204 111.700 5.368
202012 5.374 111.500 5.554
202103 5.353 112.662 5.475
202106 5.397 111.769 5.564
202109 5.574 112.215 5.724
202112 5.786 113.108 5.894
202203 5.945 114.335 5.991
202206 6.005 114.558 6.040
202209 5.862 115.339 5.856
202212 5.965 115.116 5.971
202303 6.002 115.116 6.008
202306 5.967 114.558 6.002
202309 6.042 115.339 6.036
202312 6.230 114.781 6.254
202403 6.356 115.227 6.356

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.


CMST Development Co  (SHSE:600787) 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.


CMST Development Co Cyclically Adjusted PB Ratio Related Terms

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


CMST Development Co (SHSE:600787) Business Description

Traded in Other Exchanges
N/A
Address
No.188 Western Road of South 4th Ring Road, 18th Building of 6th section, Fengtai District, Beijing, CHN, 100070
CMST Development Co Ltd provides logistics services. The company has modern logistics distribution centres in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Hebei, Henan, Shaanxi, and Liaoning. It provides the following services: Warehouse and storage, Transportation and distribution, International freight forwarding, Movable assets supervision, logistics plan design, and processing and manufacturing.
Executives
Peng Xi De senior management
Li Yong Zhao Director
Li Da Wei senior management
Wang Yong senior management
Wang Hai Bin Directors, senior managers
Ma De Yin Director
Wei Guang Director
Han Tie Lin Director
Zhou Xiao Hong Supervisors
Wang Xue Ming Director
Xue Bin senior management
Zhao Xiao Hong Director
Dong Xu senior management
Ceng Yong senior management
Xie Jing Fu Director

CMST Development Co (SHSE:600787) Headlines

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