GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telling Telecommunication Holding Co Ltd (SZSE:000829) » Definitions » Cyclically Adjusted PB Ratio

Telling Telecommunication Holding Co (SZSE:000829) Cyclically Adjusted PB Ratio : 3.25 (As of Jun. 09, 2024)


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

What is Telling Telecommunication Holding Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Telling Telecommunication Holding Co's current share price is ¥8.60. Telling Telecommunication Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.65. Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio for today is 3.25.

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

SZSE:000829' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 4.08   Max: 13.33
Current: 3.24

During the past years, Telling Telecommunication Holding Co's highest Cyclically Adjusted PB Ratio was 13.33. The lowest was 1.98. And the median was 4.08.

SZSE:000829's Cyclically Adjusted PB Ratio is ranked worse than
73.35% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs SZSE:000829: 3.24

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.

Telling Telecommunication Holding Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥2.945. 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 ¥2.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telling Telecommunication Holding Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Telling Telecommunication Holding 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.

Telling Telecommunication Holding Co Cyclically Adjusted PB Ratio Chart

Telling Telecommunication Holding 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 2.36 2.51 6.99 3.67 3.59

Telling Telecommunication Holding 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 4.29 3.42 3.18 3.59 3.47

Competitive Comparison of Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Telling Telecommunication Holding 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.


Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio falls into.



Telling Telecommunication Holding 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.

Telling Telecommunication Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.60/2.65
=3.25

* 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.

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

For example, Telling Telecommunication Holding 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)
=2.945/115.2271*115.2271
=2.945

Current CPI (Mar. 2024) = 115.2271.

Telling Telecommunication Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.872 98.200 3.370
201409 2.814 98.900 3.279
201412 2.327 99.000 2.708
201503 2.347 99.900 2.707
201506 2.241 99.500 2.595
201509 2.177 100.500 2.496
201512 2.087 100.600 2.390
201603 2.070 102.200 2.334
201606 2.096 101.400 2.382
201609 2.194 102.400 2.469
201612 2.300 102.600 2.583
201703 2.307 103.200 2.576
201706 2.333 103.100 2.607
201709 2.362 104.100 2.614
201712 2.750 104.500 3.032
201803 2.755 105.300 3.015
201806 2.757 104.900 3.028
201809 2.628 106.600 2.841
201812 2.418 106.500 2.616
201903 2.411 107.700 2.580
201906 2.414 107.700 2.583
201909 2.431 109.800 2.551
201912 2.405 111.200 2.492
202003 2.406 112.300 2.469
202006 2.382 110.400 2.486
202009 2.409 111.700 2.485
202012 2.408 111.500 2.488
202103 2.418 112.662 2.473
202106 2.441 111.769 2.517
202109 2.458 112.215 2.524
202112 2.554 113.108 2.602
202203 2.563 114.335 2.583
202206 2.546 114.558 2.561
202209 2.529 115.339 2.527
202212 2.529 115.116 2.531
202303 2.576 115.116 2.578
202306 2.590 114.558 2.605
202309 2.971 115.339 2.968
202312 2.928 114.781 2.939
202403 2.945 115.227 2.945

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.


Telling Telecommunication Holding Co  (SZSE:000829) 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.


Telling Telecommunication Holding Co Cyclically Adjusted PB Ratio Related Terms

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


Telling Telecommunication Holding Co (SZSE:000829) Business Description

Traded in Other Exchanges
N/A
Address
No.117 Dewai Street, Block D, Desheng Shangcheng, Xicheng District, Shenzhen, CHN, 100088
Telling Telecommunication Holding Co Ltd is mainly engaged in mobile phone distribution, retail, and after-sales service in China. It is also China Mobile's and China Unicom's main mobile phone and related service supplier.
Executives
Feng Jing Liang Supervisors
Yi Jiang Nan Executives
Xiao Meng Securities Affairs Representative
Zhou Xing Ming Supervisors
Hu Xiu Yan Supervisors

Telling Telecommunication Holding Co (SZSE:000829) Headlines

No Headlines