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Kingsoft (STU:3K1) Cyclically Adjusted PB Ratio : 2.25 (As of Jun. 08, 2024)


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What is Kingsoft Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Kingsoft's current share price is €3.02. Kingsoft's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €1.34. Kingsoft's Cyclically Adjusted PB Ratio for today is 2.25.

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

STU:3K1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.58   Med: 3.56   Max: 10.16
Current: 2.05

During the past years, Kingsoft's highest Cyclically Adjusted PB Ratio was 10.16. The lowest was 1.58. And the median was 3.56.

STU:3K1's Cyclically Adjusted PB Ratio is ranked worse than
57.91% of 297 companies
in the Interactive Media industry
Industry Median: 1.6 vs STU:3K1: 2.05

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.

Kingsoft's adjusted book value per share data for the three months ended in Dec. 2023 was €2.024. 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 €1.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingsoft Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kingsoft'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.

Kingsoft Cyclically Adjusted PB Ratio Chart

Kingsoft 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 3.13 6.62 3.66 2.40 1.98

Kingsoft Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.40 3.43 2.65 2.39 1.98

Competitive Comparison of Kingsoft's Cyclically Adjusted PB Ratio

For the Electronic Gaming & Multimedia subindustry, Kingsoft'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.


Kingsoft's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingsoft's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kingsoft 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.

Kingsoft's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.02/1.34
=2.25

* 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.

Kingsoft's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kingsoft's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.024/114.7809*114.7809
=2.024

Current CPI (Dec. 2023) = 114.7809.

Kingsoft Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 97.332 0.000
201312 0.344 97.624 0.404
201403 0.370 98.600 0.431
201406 0.463 98.200 0.541
201409 0.000 98.900 0.000
201412 0.505 99.000 0.585
201503 0.586 99.900 0.673
201506 0.839 99.500 0.968
201509 0.799 100.500 0.913
201512 0.870 100.600 0.993
201603 0.854 102.200 0.959
201606 0.768 101.400 0.869
201609 0.770 102.400 0.863
201612 0.829 102.600 0.927
201703 0.850 103.200 0.945
201706 0.872 103.100 0.971
201709 0.877 104.100 0.967
201712 1.189 104.500 1.306
201803 1.242 105.300 1.354
201806 1.273 104.900 1.393
201809 1.203 106.600 1.295
201812 1.220 106.500 1.315
201903 1.245 107.700 1.327
201906 1.082 107.700 1.153
201909 1.094 109.800 1.144
201912 1.296 111.200 1.338
202006 2.221 110.400 2.309
202009 0.000 111.700 0.000
202012 2.266 111.500 2.333
202106 2.330 111.769 2.393
202109 2.428 112.215 2.484
202112 2.519 113.108 2.556
202203 0.000 114.335 0.000
202206 2.582 114.558 2.587
202209 0.000 115.339 0.000
202212 1.944 115.116 1.938
202303 1.965 115.116 1.959
202306 2.000 114.558 2.004
202309 2.012 115.339 2.002
202312 2.024 114.781 2.024

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.


Kingsoft  (STU:3K1) 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.


Kingsoft Cyclically Adjusted PB Ratio Related Terms

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


Kingsoft (STU:3K1) Business Description

Traded in Other Exchanges
Address
No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085
Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others and office software and services. It generates maximum revenue from the entertainment software and others segment. The entertainment software and others segment is engaged in the research and development of games, and the provision of online games, mobile games and casual game services. Geographically, it derives a majority of revenue from Mainland China.

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