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Southern Publishing and Media Co (SHSE:601900) Cyclically Adjusted PB Ratio : 2.07 (As of Jun. 01, 2024)


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What is Southern Publishing and Media Co Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Southern Publishing and Media Co's current share price is ¥13.48. Southern Publishing and Media Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥6.51. Southern Publishing and Media Co's Cyclically Adjusted PB Ratio for today is 2.07.

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

SHSE:601900' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 2.26   Max: 2.79
Current: 2.07

During the past years, Southern Publishing and Media Co's highest Cyclically Adjusted PB Ratio was 2.79. The lowest was 1.74. And the median was 2.26.

SHSE:601900's Cyclically Adjusted PB Ratio is ranked worse than
73.09% of 680 companies
in the Media - Diversified industry
Industry Median: 1.12 vs SHSE:601900: 2.07

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.

Southern Publishing and Media Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥9.040. 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 ¥6.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Publishing and Media Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Southern Publishing and Media 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.

Southern Publishing and Media Co Cyclically Adjusted PB Ratio Chart

Southern Publishing and Media 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 - - - - 2.06

Southern Publishing and Media 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 - - 2.55 2.06 2.34

Competitive Comparison of Southern Publishing and Media Co's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Southern Publishing and Media 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.


Southern Publishing and Media Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Publishing and Media Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Southern Publishing and Media Co's Cyclically Adjusted PB Ratio falls into.



Southern Publishing and Media 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.

Southern Publishing and Media Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.48/6.51
=2.07

* 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.

Southern Publishing and Media Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Southern Publishing and Media 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)
=9.04/115.2271*115.2271
=9.040

Current CPI (Mar. 2024) = 115.2271.

Southern Publishing and Media Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 2.597 97.624 3.065
201409 0.000 98.900 0.000
201412 2.972 99.000 3.459
201503 0.000 99.900 0.000
201506 3.253 99.500 3.767
201509 3.509 100.500 4.023
201512 3.564 100.600 4.082
201603 4.171 102.200 4.703
201606 4.135 101.400 4.699
201609 4.328 102.400 4.870
201612 4.370 102.600 4.908
201703 4.506 103.200 5.031
201706 4.534 103.100 5.067
201709 5.264 104.100 5.827
201712 5.448 104.500 6.007
201803 5.635 105.300 6.166
201806 5.529 104.900 6.073
201809 5.783 106.600 6.251
201812 6.111 106.500 6.612
201903 6.418 107.700 6.867
201906 6.326 107.700 6.768
201909 6.568 109.800 6.893
201912 6.748 111.200 6.992
202003 6.874 112.300 7.053
202006 6.717 110.400 7.011
202009 7.077 111.700 7.300
202012 7.344 111.500 7.589
202103 7.521 112.662 7.692
202106 7.340 111.769 7.567
202109 7.814 112.215 8.024
202112 8.347 113.108 8.503
202203 8.082 114.335 8.145
202206 7.807 114.558 7.853
202209 7.734 115.339 7.727
202212 8.161 115.116 8.169
202303 8.329 115.116 8.337
202306 7.921 114.558 7.967
202309 8.212 115.339 8.204
202312 8.870 114.781 8.904
202403 9.040 115.227 9.040

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.


Southern Publishing and Media Co  (SHSE:601900) 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.


Southern Publishing and Media Co Cyclically Adjusted PB Ratio Related Terms

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


Southern Publishing and Media Co (SHSE:601900) Business Description

Traded in Other Exchanges
N/A
Address
Huanshi East Road, 11th Floor, No. 472, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510075
Southern Publishing and Media Co Ltd is a publishing company. The company operates as editors, publisher, distributor, wholesaler and retailer books, newspapers, audio-visual products, electronic publications, online books, framework media and other media products, newspapers and periodicals, packaging and decoration printing, printing materials sales, publications import and export.

Southern Publishing and Media Co (SHSE:601900) Headlines

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