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Sealand Securities Co (SZSE:000750) Cyclically Adjusted PB Ratio : 1.00 (As of May. 23, 2024)


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What is Sealand Securities Co Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Sealand Securities Co's current share price is ¥3.18. Sealand Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.19. Sealand Securities Co's Cyclically Adjusted PB Ratio for today is 1.00.

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

SZSE:000750' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 2.36   Max: 15.73
Current: 1.02

During the past years, Sealand Securities Co's highest Cyclically Adjusted PB Ratio was 15.73. The lowest was 0.99. And the median was 2.36.

SZSE:000750's Cyclically Adjusted PB Ratio is ranked better than
55.92% of 490 companies
in the Capital Markets industry
Industry Median: 1.17 vs SZSE:000750: 1.02

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.

Sealand Securities Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥3.448. 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 ¥3.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sealand Securities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sealand Securities 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.

Sealand Securities Co Cyclically Adjusted PB Ratio Chart

Sealand Securities 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 2.20 2.39 1.54 1.13 1.13

Sealand Securities 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 1.13 1.10 1.20 1.13 1.05

Competitive Comparison of Sealand Securities Co's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Sealand Securities 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.


Sealand Securities Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sealand Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sealand Securities 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.

Sealand Securities Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.18/3.19
=1.00

* 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.

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

For example, Sealand Securities 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)
=3.448/115.2271*115.2271
=3.448

Current CPI (Mar. 2024) = 115.2271.

Sealand Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.660 98.200 1.948
201409 1.719 98.900 2.003
201412 1.777 99.000 2.068
201503 1.893 99.900 2.183
201506 1.984 99.500 2.298
201509 2.759 100.500 3.163
201512 2.868 100.600 3.285
201603 2.912 102.200 3.283
201606 2.884 101.400 3.277
201609 2.989 102.400 3.363
201612 2.976 102.600 3.342
201703 3.028 103.200 3.381
201706 2.965 103.100 3.314
201709 3.014 104.100 3.336
201712 2.975 104.500 3.280
201803 3.003 105.300 3.286
201806 2.938 104.900 3.227
201809 2.942 106.600 3.180
201812 2.936 106.500 3.177
201903 2.992 107.700 3.201
201906 3.004 107.700 3.214
201909 3.046 109.800 3.197
201912 3.030 111.200 3.140
202003 3.362 112.300 3.450
202006 3.373 110.400 3.520
202009 3.427 111.700 3.535
202012 3.394 111.500 3.507
202103 3.418 112.662 3.496
202106 3.350 111.769 3.454
202109 3.409 112.215 3.500
202112 3.410 113.108 3.474
202203 3.417 114.335 3.444
202206 3.417 114.558 3.437
202209 3.427 115.339 3.424
202212 3.418 115.116 3.421
202303 3.461 115.116 3.464
202306 3.456 114.558 3.476
202309 2.945 115.339 2.942
202312 3.438 114.781 3.451
202403 3.448 115.227 3.448

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.


Sealand Securities Co  (SZSE:000750) 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.


Sealand Securities Co Cyclically Adjusted PB Ratio Related Terms

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Sealand Securities Co (SZSE:000750) Business Description

Traded in Other Exchanges
N/A
Address
No. 13, Jiaxing Road, Guangxi Zhuang Autonomous Region, Guilin, CHN, 530028
Sealand Securities Co Ltd is a China-based firm operating in the securities business. The company is principally engaged in securities brokerage, securities-related consulting, securities underwriting and sponsorship, securities investing and asset management.

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