GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GD Power Development Co Ltd (SHSE:600795) » Definitions » Cyclically Adjusted PB Ratio

GD Power Development Co (SHSE:600795) Cyclically Adjusted PB Ratio : 2.03 (As of Jun. 06, 2024)


View and export this data going back to 1997. Start your Free Trial

What is GD Power Development Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), GD Power Development Co's current share price is ¥5.87. GD Power Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.89. GD Power Development Co's Cyclically Adjusted PB Ratio for today is 2.03.

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

SHSE:600795' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.43   Max: 4.25
Current: 1.86

During the past years, GD Power Development Co's highest Cyclically Adjusted PB Ratio was 4.25. The lowest was 0.69. And the median was 1.43.

SHSE:600795's Cyclically Adjusted PB Ratio is ranked worse than
65.69% of 274 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.26 vs SHSE:600795: 1.86

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.

GD Power Development Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥2.852. 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 ¥2.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GD Power Development Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GD Power 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.

GD Power Development Co Cyclically Adjusted PB Ratio Chart

GD Power 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 0.91 0.84 1.13 1.49 1.45

GD Power 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 1.32 1.34 1.27 1.45 1.75

Competitive Comparison of GD Power Development Co's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, GD Power 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.


GD Power Development Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, GD Power Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GD Power 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.87/2.89
=2.03

* 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.

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

For example, GD Power 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)
=2.852/115.2271*115.2271
=2.852

Current CPI (Mar. 2024) = 115.2271.

GD Power Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.262 98.200 2.654
201409 2.390 98.900 2.785
201412 2.505 99.000 2.916
201503 2.594 99.900 2.992
201506 2.682 99.500 3.106
201509 2.598 100.500 2.979
201512 2.629 100.600 3.011
201603 2.651 102.200 2.989
201606 2.742 101.400 3.116
201609 2.700 102.400 3.038
201612 2.647 102.600 2.973
201703 2.699 103.200 3.014
201706 2.627 103.100 2.936
201709 2.661 104.100 2.945
201712 2.621 104.500 2.890
201803 2.679 105.300 2.932
201806 2.633 104.900 2.892
201809 2.674 106.600 2.890
201812 3.233 106.500 3.498
201903 2.750 107.700 2.942
201906 2.806 107.700 3.002
201909 2.849 109.800 2.990
201912 2.745 111.200 2.844
202003 2.706 112.300 2.777
202006 2.733 110.400 2.852
202009 2.752 111.700 2.839
202012 3.539 111.500 3.657
202103 2.784 112.662 2.847
202106 2.713 111.769 2.797
202109 2.760 112.215 2.834
202112 2.574 113.108 2.622
202203 2.610 114.335 2.630
202206 2.686 114.558 2.702
202209 2.728 115.339 2.725
202212 2.532 115.116 2.534
202303 2.589 115.116 2.592
202306 2.612 114.558 2.627
202309 2.785 115.339 2.782
202312 2.734 114.781 2.745
202403 2.852 115.227 2.852

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.


GD Power Development Co  (SHSE:600795) 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.


GD Power Development Co Cyclically Adjusted PB Ratio Related Terms

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


GD Power Development Co (SHSE:600795) Business Description

Traded in Other Exchanges
N/A
Address
An Hui North Park, Building 19, Chaoyang District, Beijing, CHN, 100101
GD Power Development Co Ltd is a China-based company engaged in power generation and related businesses. Its businesses include thermal power generation, hydroelectric generation, wind power generation and solar power generation, among others. It also sells thermal products, chemical products, and coal products, among others. The company mainly operates businesses in the domestic market.
Executives
Wu Qiang Supervisors
Chen Bin Supervisors
Feng Shu Chen Director
Wu Quan senior management
Zhang Zi Juan Supervisors
Zhu Yue Liang senior management
Mou Jun senior management
Jiang Hong Yuan senior management
Xu Qi senior management
Chen Jing Dong senior management

GD Power Development Co (SHSE:600795) Headlines

No Headlines