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Hainan Shuangcheng Pharmaceuticals Co (SZSE:002693) Cyclically Adjusted PB Ratio : 2.94 (As of Jun. 04, 2024)


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What is Hainan Shuangcheng Pharmaceuticals Co Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Hainan Shuangcheng Pharmaceuticals Co's current share price is ¥4.79. Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥1.63. Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is 2.94.

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

SZSE:002693' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.93   Med: 2.82   Max: 5.8
Current: 3.16

During the past years, Hainan Shuangcheng Pharmaceuticals Co's highest Cyclically Adjusted PB Ratio was 5.80. The lowest was 1.93. And the median was 2.82.

SZSE:002693's Cyclically Adjusted PB Ratio is ranked worse than
69.2% of 724 companies
in the Drug Manufacturers industry
Industry Median: 1.875 vs SZSE:002693: 3.16

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.

Hainan Shuangcheng Pharmaceuticals Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥1.111. 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 ¥1.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hainan Shuangcheng Pharmaceuticals Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hainan Shuangcheng Pharmaceuticals 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.

Hainan Shuangcheng Pharmaceuticals Co Cyclically Adjusted PB Ratio Chart

Hainan Shuangcheng Pharmaceuticals 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 - 2.39 2.58 4.06 4.53

Hainan Shuangcheng Pharmaceuticals 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 3.82 3.50 4.49 4.53 3.81

Competitive Comparison of Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Hainan Shuangcheng Pharmaceuticals 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.


Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio falls into.



Hainan Shuangcheng Pharmaceuticals 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.

Hainan Shuangcheng Pharmaceuticals Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.79/1.63
=2.94

* 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.

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

For example, Hainan Shuangcheng Pharmaceuticals 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)
=1.111/115.2271*115.2271
=1.111

Current CPI (Mar. 2024) = 115.2271.

Hainan Shuangcheng Pharmaceuticals Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.127 98.200 2.496
201409 2.154 98.900 2.510
201412 2.211 99.000 2.573
201503 2.152 99.900 2.482
201506 2.286 99.500 2.647
201509 2.335 100.500 2.677
201512 2.213 100.600 2.535
201603 2.186 102.200 2.465
201606 2.182 101.400 2.480
201609 1.766 102.400 1.987
201612 1.366 102.600 1.534
201703 1.351 103.200 1.508
201706 1.397 103.100 1.561
201709 1.420 104.100 1.572
201712 1.460 104.500 1.610
201803 1.452 105.300 1.589
201806 1.414 104.900 1.553
201809 1.380 106.600 1.492
201812 1.289 106.500 1.395
201903 1.264 107.700 1.352
201906 1.253 107.700 1.341
201909 1.235 109.800 1.296
201912 1.349 111.200 1.398
202003 1.336 112.300 1.371
202006 1.307 110.400 1.364
202009 1.285 111.700 1.326
202012 1.217 111.500 1.258
202103 1.188 112.662 1.215
202106 1.219 111.769 1.257
202109 1.202 112.215 1.234
202112 1.170 113.108 1.192
202203 1.169 114.335 1.178
202206 1.204 114.558 1.211
202209 1.204 115.339 1.203
202212 1.238 115.116 1.239
202303 1.251 115.116 1.252
202306 1.281 114.558 1.288
202309 1.261 115.339 1.260
202312 1.131 114.781 1.135
202403 1.111 115.227 1.111

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.


Hainan Shuangcheng Pharmaceuticals Co  (SZSE:002693) 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.


Hainan Shuangcheng Pharmaceuticals Co Cyclically Adjusted PB Ratio Related Terms

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Hainan Shuangcheng Pharmaceuticals Co (SZSE:002693) Business Description

Traded in Other Exchanges
N/A
Address
16 Xingguo Road, Xiuying District, Haikou, CHN, 570311
Hainan Shuangcheng Pharmaceuticals Co Ltd is engaged in the research, development, and sales of synthesized peptide drugs.
Executives
Yuan Jian Lin Executives
Zhang Wei Executives
Yu Xiao Feng Directors, executives
Wang Xu Guang Executives
Directors, executives
Wang Cheng Dong Directors, executives
Executives
Hu Yi Securities Affairs Representative

Hainan Shuangcheng Pharmaceuticals Co (SZSE:002693) Headlines

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