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Fujian Yongan Forestry Group Co (SZSE:000663) Cyclically Adjusted PB Ratio : 1.31 (As of Jun. 04, 2024)


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What is Fujian Yongan Forestry Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Fujian Yongan Forestry Group Co's current share price is ¥4.89. Fujian Yongan Forestry Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.73. Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio for today is 1.31.

The historical rank and industry rank for Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:000663' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 2.95   Max: 13.46
Current: 1.41

During the past years, Fujian Yongan Forestry Group Co's highest Cyclically Adjusted PB Ratio was 13.46. The lowest was 1.00. And the median was 2.95.

SZSE:000663's Cyclically Adjusted PB Ratio is ranked worse than
67.78% of 239 companies
in the Forest Products industry
Industry Median: 0.9 vs SZSE:000663: 1.41

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.

Fujian Yongan Forestry Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥3.246. 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 ¥3.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujian Yongan Forestry Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fujian Yongan Forestry Group 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.

Fujian Yongan Forestry Group Co Cyclically Adjusted PB Ratio Chart

Fujian Yongan Forestry Group 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 1.36 1.14 2.65 2.31 2.19

Fujian Yongan Forestry Group 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 2.57 3.37 2.37 2.19 1.75

Competitive Comparison of Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio

For the Lumber & Wood Production subindustry, Fujian Yongan Forestry Group 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.


Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio falls into.



Fujian Yongan Forestry Group 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.

Fujian Yongan Forestry Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.89/3.73
=1.31

* 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.

Fujian Yongan Forestry Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fujian Yongan Forestry Group 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)
=3.246/115.2271*115.2271
=3.246

Current CPI (Mar. 2024) = 115.2271.

Fujian Yongan Forestry Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.532 98.200 1.798
201409 1.556 98.900 1.813
201412 1.594 99.000 1.855
201503 1.558 99.900 1.797
201506 1.580 99.500 1.830
201509 5.054 100.500 5.795
201512 5.903 100.600 6.761
201603 5.839 102.200 6.583
201606 5.908 101.400 6.714
201609 5.902 102.400 6.641
201612 6.239 102.600 7.007
201703 6.190 103.200 6.911
201706 6.262 103.100 6.999
201709 6.331 104.100 7.008
201712 6.281 104.500 6.926
201803 6.321 105.300 6.917
201806 6.292 104.900 6.911
201809 6.184 106.600 6.684
201812 2.389 106.500 2.585
201903 2.329 107.700 2.492
201906 2.335 107.700 2.498
201909 2.296 109.800 2.409
201912 1.701 111.200 1.763
202003 1.653 112.300 1.696
202006 1.610 110.400 1.680
202009 1.511 111.700 1.559
202012 1.772 111.500 1.831
202103 1.816 112.662 1.857
202106 1.864 111.769 1.922
202109 2.045 112.215 2.100
202112 1.931 113.108 1.967
202203 1.964 114.335 1.979
202206 2.872 114.558 2.889
202209 2.900 115.339 2.897
202212 2.700 115.116 2.703
202303 2.861 115.116 2.864
202306 3.046 114.558 3.064
202309 3.104 115.339 3.101
202312 3.275 114.781 3.288
202403 3.246 115.227 3.246

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.


Fujian Yongan Forestry Group Co  (SZSE:000663) 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.


Fujian Yongan Forestry Group Co Cyclically Adjusted PB Ratio Related Terms

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


Fujian Yongan Forestry Group Co (SZSE:000663) Business Description

Traded in Other Exchanges
N/A
Address
No. 819, Yanjiang East Road, Fujian Province, Yong'an, CHN, 366000
Fujian Yongan Forestry Group Co Ltd is engaged in the manufacturing and sale of forest products primarily in China. Its product portfolio includes forest products, Yonglin blue panther floor, wood, medium density fiberboard, plywood, formaldehyde adhesives, pine oil products, natural vanillin, and seedlings.
Executives
Liu Xiang Hui Executives
Su Jia Xu Director
Lin Qing Wen Supervisors
Chen Zhen Zong Directors, executives
Dong Yong Ping Directors, executives
Lin Hui Qin Supervisors
Huang Zhong Ming Executives
Qiu An Bin Supervisors
Huang Zong He Directors, executives

Fujian Yongan Forestry Group Co (SZSE:000663) Headlines

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